Bangkok--14 Feb--SEC
The SEC encourages the public sector to raise fundsand improve their operations via the capital market, with infrastructure funds, securitized bonds and scripless forms of debt securities collateral, in order to enhance their efficiency.
SEC Secretary-General Vorapol Socatiyanurak said the SEC held a meeting with Interior Minister Charupong Ruangsuwan, the ministry’s executives and executives from relevant organizations to discuss ways to expand access for public sector to the sources of funds and financial vehicles in the capital market with the aim of reducing the burden onthe government’s budget and public debt. Infrastructure funds could be established ina variety of forms suited for each type of operational structure. Securitization is also another vehicle to allow low-liquid assets to become more liquid assets. Fund raising from the tools mentioned would be of use for further investments or new projects.
In addition, the SEC encourages public sector to take scripless debt securities as collateral of signatories, such as utility service users or project contractors. The scripless form is
a highly-safety method, preventing counterfeit and helps lower the record keeping burden of custodians.