|
Trading Instructions
1. With your Online Trading Account under
Cash Balance basis, please keep in mind that your trading
line will be subject to the cash balance remaining in your
stock trading account.
2. After your Online Trading Account is
established, you will not be eligible to start trading unless
you transfer the initial deposit to DBSV's bank account. Although
there are no minimum requirement for the initial deposit,
your trading line will depend on the amount of your deposit.
To transfer funds to our account, please click here for more details.
3. After your money reach us, your trading
line will be updated according to the amount of the remittance.
4. Before placing a purchase order, please
ensure that you have sufficient trading line. Every time you
input a buying order, your trading line will be deducted immediately
with equivalent value of the transaction. Likewise, if the
order is cancelled or not executed in the stock exchange,
the system will credit the deducted amount to your trading
line.
5. For any sell order, once executed in
the stock exchange, the system will automatically credit the
sale value to your trading line.
6. All orders are "Day
Only" orders. In other words, they are good for
one day only. If your orders
are not executed within the day, they will be automatically
cancelled by the system after the market closes (normally
the cut off time is about 4.45 p.m. Bangkok time GMT +7).
7. Clients are able to check the status
order or view their portfolio online anytime and anywhere
in the world. Simply click "View Order Status" or
"View Portfolio" under "Make a Trade"
Menu.
8. If your order is executed at the stock
exchange, you will receive an automatic confirmation through
the trading system. However, a hardcopy of the confirmation
will be sent to you.
9. In order to trade NVDR - Non Voting Depository
Receipt), in Order Entry Page, please specify "NVDR"
after inputting a stock symbol. For more information on NVDRs,
please click here.
^ Go to top
NVDR Trade
Definition
Non-Voting Depository Receipt (NVDR) is
a new trading instrument initiated by the Stock Exchange of
Thailand to allow foreign investors to invest beyond the foreign
ownership limit. The NVDRs are themselves listed securities
in the SET.
Foreign investors holding NVDRs will be
eligible to receive financial benefits; i.e., dividends, right
issues and warrants, in the same manner as they invest in
an ordinary share. However, they have
no rights to vote at company shareholders' meetings.
Trading Guidelines
 NVDR's
price quotes will be referred from the local board of the
underlying stocks. The price is exactly the same as that of
the corresponding counter on the local board. In other words,
NVDR orders will be executed in the local board.
Foreign
investors who wish to retain voting rights are advised to
hold 'foreign" shares only.
For full details on NVDRs, please click
here.
^ Go to top
Investor Relations Information
Stock Holding
Clients should be aware of the restrictions
on foreign ownership of Thai companies. Foreign shareholding
limits apply to every stock listed on the Stock Exchange of
Thailand. Most listed companies limit foreign ownership to
a maximum of 49%, except those in the banking and finance
sector which generally permits only a 25% foreign holding.
To ensure you are entitled to receive financial
benefits arising from investing in Thai Stock Market, clients
are advised to hold stock registered according to their "Residential
Status":-
Thais to hold "local"
shares.
Foreigners
to hold either "foreign" shares or Non-Voting Depository
Receipt (NDVR).
Foreigners who hold foreign shares will
be eligible for dividends, right issues & warrants
and voting right. In the case that they hold NVDRs, they will
be entitled to receive dividends, right issues and warrants
only. NVDR holders do not have voting rights. Please click
here for more information on NVDRs.
Investor's Benefits
A. Right Issue
After the book closing date, the TSD will directly send the
notification of subscription along with the subscription form
to the shareholders at the address given in your account opening
form. The shareholder must complete all forms; attach a signed
copy of your identification card or passport together with
a cheque and return all documents in accordance with the instruction
of the notification by the date specified.
B. Dividend
After the dividend payment date, the TSD will mail a dividend
cheque to the shareholders at the address given in your account
opening form. Please note that dividend income is subject
to 10% withholding tax at source.
According to the Stock Exchange of Thailand's
regulations, the dividend cheque will be paid in Thai Bath
only. As a result, overseas clients are recommended to maintain
a local bank account with any of the major Thai commercial
banks in order to cash the cheque before remitting out of
Thailand.
^ Go to top
Settlement
Settlement for all online transaction is
under T+3 basis (three working days after trade day). Settlement
for a purchase order will occur by debiting the funds available
in clients' online cash account on T+3. Similarly, sales proceeds
will be automatically be credited to your online cash account
on T+3.
^ Go to top
Commission
Online Entry
The current commission rate for all orders
placed by clients via DBSV's Online System is fixed at 0.21%
of the purchase/sell value plus 7% VAT on the commission.
Broker Assisted
Any order input by our Marketing Officers
in your Online Trading Account, the commission charge at
0.25% will be applied plus 7% VAT.
Please note that the minimum charge at Bt
50 per day is applied for both types.
Rates are subject to change.
^ Go to top
Interest Rate
The cash balance remaining in your Online
Trading Account will be entitled for the interest at the rate
of 1 % per annum. DBSV will credit interest to your Online
Trading Account on the 1st calendar day of the following month.
Please note that the interest rate is subject
to change.
^ Go to top
Taxes
For Stock Trading Account under Individual
Type, please be advised that:-
Your capital
gain is not subject to tax
in Thailand.
Dividend
income is subject to 10% withholding tax at source.
The Interest
income on cash balance remaining in Online Trading Account
is subject to withhold tax at the rate as regulated by the
Revenue Department. Currently, this stands at 15% for all
individual accounts.
For
foreign investors, please be advised that tax rate is subject
to change in according to Double Tax Agreement.
^ Go to top
|
