Bangkok--19 Sep--HSBC
HSBC, a leading provider of custodian services, recently signed CA Swift Message Service Agreement with The Stock Exchange of Thailand (SET) to become the first bank in the country to accept Corporate Action SWIFT (CA SWIFT) message. This service is initiated by The Stock Exchange of Thailand to streamline post-trade communication with investors.
SWIFT message is currently used as a communication mode among financial institutions. CA SWIFT messaging project aims to improve the Straight Through Processing (STP) rate and reduce the lead time in corporate action announcements for the custodian banks. This service will offer timely and accurate information to the investors. Thailand will be the first country in the Asia Pacific region to adopt this international standard of communication.
Photo shows Mr. Charamporn Jotikasthira (2nd left), President, The Stock Exchange of Thailand; exchanging the agreement with Mrs. Utumporn Viranuvatti (2nd right), Head of HSBC Securities Services, HSBC Thailand, witnessed by Mr. Bordin Unakul, EVP, Post-Trade Services and Development; and Mrs. Ketsuda Uhthalye, VP, Post-Trade Services and Development, The Stock Exchange of Thailand.
Media enquiries to Varanandha Sutthapreeda on 0-2614-4609 or Savittree Muadmuang on 0-2614-4606.