The SET is preparing for a T+2 implementation and the exact date for the roll-out will be announced later this year, said president Kesara Manchusree. The Thai stock market has used the T+3 settlement cycle for decades, while the Thai bond market and the Thailand Futures Exchange have shorter settlement cycles at T+2 and T+1, respectively. Mrs Kesara said the shorter settlement cycle will make cross-border portfolio management more convenient as the change will align it with leading bourses. Hong Kong, India, Korea, Taiwan, Australia, New Zealand and Spain have already adopted the T+2 settlement cycle, while Indonesia, Japan and the US have announced they will implement T+2. Malaysia, Singapore and the Philippines are also preparing to announce their implementation of the T+2 settlement cycle.

Source: Bangkok Post February 09, 2017 22:58 UTC