An electronic board displays stock prices at a brokerage at Sathon Road in Bangkok. Pornprom Satrabhaya
The current clearing and settlement system for securities trading of within two business days puts trading on the Stock Exchange of Thailand (SET) at risk of payment default and repeated damage, as occurred in the past, warns a veteran trading analyst.
Chanchai Kultavarakorn, executive chairman of ASL Securities, said the settlement system poses a certain degree of risk because brokers are still allowed to open cash accounts that allow clients to place securities orders and pay the full amount within the next two…
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