Thai depository can now pay dividends in foreign currencies
Thailand Securities Depository Co., Ltd. (TSD) continues its service enhancement, now having a fully operational post-trade integration (PTI) system and providing foreign investors with the opportunity of receiving dividends in one of six overseas currencies (or in Thai baht).
The new service is part of TSD’s global competitiveness strategy.
The PTI system was launched in October 2007 and dividend payment in foreign currencies will be available from January 15, 2008 for those firms who have completed their book-closing, TSD CEO Ms. Sopawadee Lertmanaschai said.