Thailand Financial News

Euroclear Bank and Clearstream Banking Luxembourg has jointly announced a programme of improvements to the automated daytime ‘Bridge’ between the two international central securities depositories (ICSDs).
Delivery of the first enhancement, which is scheduled for January 2007, will improve overall settlement efficiency for the ICSDs’ respective clients and increase the capacity for same-day transaction settlement and securities financing across the Bridge.
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SWIFT is working with banks and corporates to implement the ISO 20022 cash management and payment initiation standards. The development of these XML-based standards results from a joint effort between SWIFT and the standardisation organisations IFX, OAGi and TWIST.
Participating corporates include Arcelor Mittal, Danone, Gaz de France, General Electric, Microsoft, together with the banks ABN Amro, Bank of America, BNP Paribas, Citigroup, Deutsche Bank, HSBC, ING, JPMorgan Chase, Mizuho, Nordea, Royal Bank of Canada, Standard Chartered Bank Ltd., Soci?t? G?n?rale.
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UBL Sales Ltd., a wholly owned subsidiary of UTI Bank Ltd. has opened its first branch office at Bangalore. Shri S. Chatterjee, Chairman of the Subsidiary Company & Executive Director of UTI Bank graced the Branch Inauguration ceremony.
UBL Sales will market asset products such as retail loans and credit cards of UTI Bank and will be launching its operations at 42 locations across the country by March’07, hiring around 3,500 sales staff for marketing the financial asset products of UTI Bank.
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OrthoClear to Stop Accepting Cases, Stop Importing Aligners and Transfer IP to Align
The Binding Settlement Term Sheet includes the following terms:
Align will pay OrthoClear an additional $10 million if, at or prior to the Closing of the formal settlement agreement, OrthoClear obtains requisite approval from its shareholders to discontinue all design, manufacture, marketing and sales of removable dental aligners worldwide.
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Bangkok Bank is offering customers the option of a free TV, fridge, stereo, washing machine or microwave when they take out a Bualuang Home Loan or purchase a Bualuang Property at this year’s Home and Condo Fair, to be held at the Queen Sirikit National Convention Centre from September 28 to October 1, 2006.
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FTSE Group (”FTSE”) the global index provider, has been selected by the Stock Exchange of Thailand (SET) to take over the calculation of its domestic indexes. The partnership to be set up will allow FTSE to redesign and update the index series in line with international indexing standards.
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The Stock Exchange of Thailand (SET)’s Board agreed today (September 27) to an organizational restructure to equip it to meet the Exchange’s mission, its strategic plan for 2007 – 2009, and the Thai Capital Market Master Plan. The reorganization will yield more flexible and efficient administration and decision-making.
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Domestic and foreign institutions will be able to trade directly in the Thai market via the Direct Market Access (DMA) system, The Stock Exchange of Thailand’s (SET) board decided today. This step will facilitate trading to be in line with that of other exchanges, making Thailand more attractive and boosting the investor base.
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HSBC Jintrust announced that subscriptions for its first equity fund, the HSBC Jintrust Dragon Growth Equity Fund, reached RMB1.44 billion (approximately US$182 million) during its initial public offering period from 28 August to 22 September 2006 in mainland China.
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Data Security Systems Solutions Pte Ltd (aka DSSS), developer and a leader in data security, multi-factor authentication and identity management solutions, unveils its innovative usage of stronger authentication to certify signing keys to enhance transaction security with digital signature, through the use of its patent-pending One-Time Private Key (OTPK) technology that is making waves in the digital signature arena.
“We woke up one morning asking ourselves what else we could do once we have deployed two-factor authentication and how we can enhance transaction security,” quipped Zvi Efroni, Managing Director of DSSS.
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