Trading Instructions Cash Deposit Cash Withdrawal Securities Deposit Securities Withdrawal Securities Conversion NVDR Trade Investor Relations Information Settlement Commission Taxes

Trading Instructions

After your stock trading account is established, you will be notified of your account number as well as the name and contact details of your designated marketing officer by mail. Once received, you will be able to start trading right away.

To check for real-time quotes or place an order, please contact your marketing officer by phone or fax and request him to place the order on your behalf.

If you have any query on this, please feel free to contact our Client Services Representative at
Tel. (66) 2657-7171.

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Cash Deposit

1. Funds for deposit to your Cash Account with us can be paid , deposited or transferred to our savings account under the name "DBS Vickers Securities (Thailand) Co., Ltd. for Customer Account" at one of the following banks:-

2. If you are non-Thai resident, alternatively, you may remit funds to our bank accounts. Please note that the bank charges will be deducted from the transferred amount by Thai banks that provide the remittance service.

3. Following the cash deposit or transfer, please notify us of the deposit or transfer by faxing us a copy of bank pay-in slip and clearly state your stock trading account number to :

4. If the deposit is made by cheque, your cash balance will be increased on the next business day after the day that cheque is cleared by the bank.

5. The company will issue "Cash Guarantee Deposit Form" and sent to your mailing address for your acknowledgement.

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Cash Withdrawal

1. To withdraw your cash balance in your account with us, please download & print Cash Withdrawal Form.

2. Fill in the necessary information and sign it with your signature, that was given in the specimen signature cards when opening the account.

3. Send the form to the company by mail or in person to the below address :-

Securities Operation Department
DBS Vickers Securities (Thailand) Co., LTD.
14th Floor, Siam Tower,
989, Rama 1 Rd., Pathumwan, Bangkok 10330 THAILAND
Tel. (66) 2657-7542 to 50 Fax : (66) 2657-7570

4. The Cash Withdrawal Form must be sent 1 day in advance of the intended withdrawal date.

5. Any fees or charges incurred from the transfer of funds according to your request will be deducted from the withdrawal amount.

6. We will issue a "Cash Guarantee Withdrawal Form" and send this to your mailing address.

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Securities Deposit

1. Clients can deposit or transfer securities to DBSV in the following forms:

Share Certificate

The original of the share certificate is required together with a certified copy of your identification card or passport .

Scripless Transfer

Please advise your broker who currently hold such securities to transfer them across to your Securities Trading Account with DBS Vickers Securities (Thailand) Co., Ltd., SDC member number 004.

2. After that, please notify us either by fax or call to :

Securities Operation Department
DBS Vickers Securities (Thailand) Co., LTD.
14th Floor, Siam Tower,
989, Rama 1 Rd., Pathumwan, Bangkok 10330 THAILAND
Tel. (66) 2657-7558 or 7560 Fax : (66) 2657-7570

3. The transfer item will be updated to your trading account on the next business day after we receive all such securities.

4. The company will issue a "Securities Deposit Form" and send this to your mailing address.

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Securities Withdrawal

To withdraw or transfer securities from your trading account, please follow the instructions below:-

1. Download & print Securities Withdrawal/Transfer Form.

2. Fill in the necessary information and sign it with your signature, that was given in the specimen signature submitted to the company when opening the account.

3. Send the form by mail or in person to the address below : -

Securities Operation Department
DBS Vickers Securities (Thailand) Co., LTD.
14th Floor, Siam Tower,
989, Rama 1 Rd., Pathumwan, Bangkok 10330 THAILAND
Tel. (66) 2657-7558 or 7560 Fax : (66) 2657-7570

4. If you wish to receive share certificate, please submit the following documents together with the Securities Withdrawal/Transfer Form:-
(a) Application for Securities Certificate (standard form by Securities Depository Center "SDC", available upon your request)
(b) Certified copy of identification card or passport

5. The specified securities will be withdrawn or transferred in accordance with your request after the payment for such securities is made and there are no other obligations on those securities.

6. If the securities are transferred to another broker company or request for a share certificate , a fee at Baht 80 per transaction will be applied. We will only process the transfer only after we have received the fee. You may advise us to deduct the fee from your cash balance in the account (if any).

7. The company will issue a "Securities Delivery Form" and send it to your mailing address.

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Securities Conversion

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).

Foreign investors who possess the securities in main board, your securities will be classified as local shares and will not be eligible for any financial benefits from your investment. DBSV highly recommend you to convert your securities from local to foreign accordingly. However, this will depend on foreign room availability for such securities. In case that there is no foreign room available at that moment, you can request the company to put your request in the queue.

To convert your securities, please follow the below instructions:-

1. Contact Securities Operation Department at (66) 2657-7557 or 7559 to check for the foreign room availability.

2. Download & print Request for Securities Status Conversion.

3. Fill in the necessary information and sign your signature as shown in the specimen signature when opening the account.

4. To enable us to process your request with the TSD, please submit the above requisition along with a copy of your valid passport with your signature on every page by mail or in person to the below address **

Securities Operation Department
DBS Vickers Securities (Thailand) Co., LTD.
989 Siam Tower,14th floor ,Rama I Road., Pathumwan,
Bangkok 10330 THAILAND

5. For traditional clients who would like to sell foreign securities in local board, please download & print Request for Securities Status Conversion to request the company to convert securities to settle the transaction. Then, fill in the necessary information and sign your signature, similar to the ones given in the specimen signature when opening the account. Clients can submit this to us in person or by fax to (66) 2657-7570 followed by the original by mail to us.

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NVDR Trade

NVDR

Non-Voting Depository Receipt (NVDR) is a new trading instrument initiated by the Stock Exchange of Thailand to allow foreign investors to invest more in listed firms beyond the foreign ownership limit. The NVDRs are automatically regarded as 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.

For further information of NVDR, click here for the information provided by the Stock Exchange of Thailand.

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 require voting rights are advised to hold 'foreign" shares only.

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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 Entitlements

A. Right Issue
After the book closing date, the Thailand Securities Depository (TSD) will directly send the notification of subscription along with the subscription form to the shareholders' address given in your account opening form. The shareholder will need to follow all the instructions of the issuer. Normally, the shareholder must complete all forms; attach a signed copy of your identification card or passport together with a cheque and return all documents to the issuer within the date specified.

B. Dividend
After the dividend payment date, the TSD will mail a dividend cheque to the shareholder 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 Baht only. As a result, overseas clients are recommended to obtain a local bank account with any of the major Thai commercial banks in order to cash the cheque before remittance out of Thailand.

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Settlement

Settlement for all transaction is under T+3 basis (three working days after trade day). For instance, the confirmed trade on Monday will be settled on Thursday. Please ensure that your funds reach us within three working days after trade day.

Any default payment will be subject to penalties levied to the Stock Exchange of Thailand (SET). This will also be late interest payment calculated on a daily basis.

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Commission

Cash Account

The commission rate for cash accounts are fixed at 0.25% of the purchase/sell value plus 7% VAT on the commission with the minimum commission charge per day are as follows:-

Online Trading Account

The commission rate for all orders placed by clients via DBSV's Online System is fixed at 0.20% of the purchase/sell value plus 7% VAT on the commission.

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.

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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 according to the Double Tax Agreement.

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