วันจันทร์ที่ 4 ตุลาคม พ.ศ. 2553

Foreign govts allowed to offer securitisation in Thailand

The Capital Market Supervisory Board has allowed foreign governments to offer securitisation in Thailand, which the transactions can be executed in both baht and foreign currencies.

Issuers however are obliged to reveal associated foreign exchange risks if the securitised papers are denominated in foreign currencies for investor protection. They must also specify other risks involving overseas originators, if the securitised issue relies on overseas income and if there is limitation on legal enforcement.



"The permission is in line with Thailand's capital market development plan, to establish the linkage with Asean markets. These will facilitate Asean members' offerings. The securitisation permission will also promote Thailand's regional presence. Once the governments have access to the Thai market, companies in the respective countries will see opportunities in penetrating Thailand for fund raising or listing," said Thirachai Phuvanartnaranubala, secretary-general of the Securities and Exchange of Thailand as a member of the CMSB.

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