Thailand Clearing House Co., Ltd (TCH), under The Stock Exchange of Thailand (SET) group, will disclose its information on clearing and settlement services, as well as risk management on www.thaiclearing.com since April 11, 2014. The disclosure is in accordance with the Principles for Financial Market Infrastructures (PFMI) defined by the Committee on Payment and Settlement Commissions (CPSS), and the Technical Committee of the International Organisation of Securities Commissions (IOSCO).
TCH Managing Director Chanisa Chutipat said that SET has committed to keep pace with the international standards for their clearing and settlement services. The disclosure of clearing house standards will follow PFMI, the international standards defined by CPSS, and the technical committee of IOSCO. PFMI has been referred to be international standard for all CCPs to follow for their services and risk management as a central counterparty.
“The disclosure is part of SET’s key strategy to present the world-class standard of TCH’s services, including its risk management and internal practice. This underlines TCH’s commitment to provide central counterparty service following international standard with trust and transparency, in excess of the development of TCH in supporting the ASEAN Trading link” Chanisa added.
Some of the standards include best practice on clearing and settlement, collateral management, risk management and financial strengths of TCH as well as of members in order to create reliability and transparency to the whole clearing system.