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Types of Securities Trading

Trading Accounts

  1. CASH TYPE - 2 categories:
    • Cash Balance Account
      Customers place the full purchase price of securities to be traded with the company before trading securities, or the company debits the customer's bank account for the total purchase price of the securities.
    • Credit Line Account
      Customers trade under a credit limit approved by the company and pay for the securities in full on the 3rd business day after the trade date via the Automatic Transfer System (ATS).
  2. Margin Account
    • Credit Balance Account
      Customers place cash, stocks or other acceptable collateral before trading is made.

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Trading Orders

Customers may submit trading orders through a marketing officer by telephone, fax or email, or execute the transaction themselves via online trading.

    Buy Orders
    • Customers may not place a buy order if it exceeds their credit line. This may be possible, however, if an additional credit line is approved before the transaction is made.
    • Customers agree to place all securities purchased in the safe-keeping of the company.

    Sell Orders

    • Customers may sell/short without shares being maintained in their account.

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Trading Results

  • Customers may confirm the result of their trading transactions on the date of trade by
    • contacting a marketing officer by telephone, facsimile or email
    • accessing the company’s website
  • Trading transaction confirmation and contract note/settlement documents/withholding tax certificates provided to the company will be sent to the customer's address on the next working day from the trade date.

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Commission Fee Structure For Securities Trading

Retail Customers Brokerage Fee
Trading Via
Marketing Officer
Trading Via
Online System
Cash Account – Cash Balance 0.2578% 0.1578%
Cash Account – Credit Line 0.2578% 0.2078%
Margin Account - Credit Balance 0.2578% 0.1578%

Remarks :

1.The above rate is NOT include VAT 7%

2.The above commission rate is included the additional fee which collect by SET and TSD as follow:

  • Trading Fee (collected by SET)  0.005%
  • Clearing Fee (collected by TSD)  0.001%
  • Regulatory Fee   0.0018%

* There is THB 50.- charged as minimum total brokerage fees on securities trading per day (withholding tax not included) on each type of trading account in all channels of order submission with effective on November 5, 2010 onwards.


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Collateral Required For Cash Accounts

As of June 1, 2008, the Stock Exchange of Thailand requires clients to deposit assets as collateral in their cash account before trading at a rate not less than 15% of the purchasable amount of securities.

Further information about cash deposit, cash withdraw, share withdraw, share transfer, please contact Operation Department Tel: 662 695 5031, 5035, 5043 or Fax: 66 2 631 1704 or complete the form via www.ktzmico.com at Online Service or checking the transactions at Trading account.

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The Company's Bank Accounts

Clients may deposit funds for use as collateral by check or transfer funds to the company’s bank accounts at the following banks under the name "KT ZMICO Securities Company Limited For Client" :

Account Name:: KT ZMICO Securities Company Limited For Client
Bank Name Branch A/C Type A/C Number SWIFT Code
Krung Thai Bank Na Na Nue Current 000-6-13245-6 KRTHTHBK
Siam Commercial Bank Thanon Witthayu Current 049-3-12955-2 SICOTHBK
Kasikorn Bank Silom Saving 789-2-10150-1 KASITHBK
Bangkok Bank Head Office Saving 101-8-46587-0 BKKBTHBK
TMB Bank Silom Soi 7 Saving 004-2-22088-9 TMBKTHBK
 Bank of Ayudhya Central World Saving 511-1-04563-7 AYUDTHBK
Thanachart Bank Tonson Saving 001-2-12115-1 THBKTHBK
Sumitomo Mitsui
Bank
Bangkok Saving 20-2019294-1 SMBCTHBK

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Settlement for Trading Trasactions

The settlement date for all types of trading transactions, either receipt or payment of funds, is the third business day after the trade date, or T+3, as follows:

  1. The company will either deduct funds from a client’s account or deposit funds into a client’s cash balance account.
  2. Funds will be either deducted from or deposited to a client’s account via ATS with the following nine banks:
    1. BBL - Bangkok Bank
    2. KBANK - Kasikorn Bank
    3. KBANK - Krung Thai Bank
    4. SCB - Siam Commercial Bank
    5. SCIB - Siam City Bank
    6. TMB – Thai Military Bank
    7. BAY – Bank of Ayudhya
    8. UOB – United Overseas Bank (Thai)
    9. TBANK - Thanachart Bank

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Stock Privilege Services

The company will contact the Share Depository Center (SDC) upon the book closing date to ensure that the client receives all financial benefits.

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Statement of Account

The client is responsible for ensuring that all data are correct. In case any discrepancy is found, please advise the company immediately, otherwise, within 14 days, the company will consider the data to be correct.

  • If there are any transactions during any month, the company will send a statement of account to the client the following month.
  • If there are no transactions, the company will send a statement of account in June and December, which the customer will receive in July and January.

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Late Payment

  • The company will not allow any buying to occur in a client’s account until payment of all penalties is received. The following penalties are subject to be collected:
    • Interest on late payments will be charged at a rate as specified, which is currently 21% per annum with a minimum charge of Baht 10 per transaction.
    • An additional fine of Baht 1,000-per working day will also be charged.
  • If the late amount is still not paid on T+4, the company will sell out the securities, with any net amount remaining after the amount owed to the company to be refunded to the client. If the amount remaining in the customer’s portfolio is insufficient, the company will collect such amount directly from the customer.
  • In case a client makes 3 late payments within 6 months, the credit limit will be reviewed, or the cash balance may be adjusted. The account may also be closed.

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Late Delivery of Securities

A client who after sells securities delivers them to the company late, or after 12:00 p.m. of the next selling day, will be fined Baht 1,000 per working day together with a the penalty charged by the Thailand Securities Depository Company Limited (TSD), as shown in the following table:

Penalty Rate charged by the Thailand Securities Depository Co., Ltd. (TSD)
Number of Late Day(s) Penalty Rate
1 0.50 %
2 0.75 %
3 1.00 %
4 - 5 1.75 %
6 - 7 2.50 %
over 7 3.75 %
Minimum penalty Baht 300/ transaction
Maximum amount not more than Baht 200,000/transaction

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Securities Service Fees

Description SERVICE FEE RATE COLLECTION
Equity & Corporate Debt Instruments Government Debt Instruments
Listed Stocks
on the SET
(THB/Transaction)
Under
BOT Registrar
Share Withdrawal
(apply for physical shares)

100

120 - Individual

200 - Juristic Person
Share Deposit 50 -
Share Transfer    
  • Inter-broker
- -
  • Other broker
50 100
Share Conversion    
  • Local > Foreign Status
50 -
  • NVDR > Foreign Status
50 -
  • Foreign > Local Status
50 -
  • Foreign > Local Status (for selling only)
- -
Share Pledge 50 -
Pledge Redemption 50 -
** The above service fees include 7% VAT**

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Suggestions for Foreign Investors

Clients should be aware of 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 permit only a 25% foreign holding.

To ensure you are entitled to receive dividends and rights issues, clients are advised to hold stocks registered according to their residential status: Foreigners should hold "F – Foreign Registered Stocks," whereas Thai citizens should hold "L - Local Registered Stocks." However, in order to ensure benefits for foreigners who hold local registered stocks, they are advised to hold “NVDRs - Non-voting Depository Receipts,” which ensures Rights Issues and Dividends will be received, except voting rights. Please note that foreign shares of some stocks might not be available due to a lack of liquidity. Clients have the option to buy local shares and later inform the company to convert them to foreign shares. Conversion can be completed only when foreign shareholding is available.

Depending on liquidity, clients holding foreign shares have the option to sell them on the local board after such shares are converted from the foreign board. Conversion from the foreign to local board can be completed within one working day after notification. The conversion fee is Baht 100.00 per application for each company. For more information on share conversion, please contact your Marketing Officer.

When KT ZMICO acts as a custodian, we will inform the securities registrar, the Thailand Securities Depository Company Limited (TSD), the identities of shareholders as of the book closing dates. Consequently, customers will be entitled to receive the following:

** The company reserves the right to make any changes to regulations without the prior consent of the client.**

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Taxation

Whenever an investor engages in trading securities in the Thai market, the investor is subject to paying tax as specified by law, as follows:

  1. Tax for Thai investors and foreign investors who operate a business in Thailand
    • Capital Gain
      INVESTOR TAX
      Individual
      • Tax exempt
      Juristic Person
      • Not liable for withholding tax, but is liable for business income tax according to the law
    • Dividends
      INVESTOR TAX
      Individual
      • 10% withholding tax on dividends received from a listed company or limited company.
      • There are two alternatives for tax payment:
        1. 10% withholding tax paid on dividends received from a specified mutual fund.
        2. Hold the tax to pay together with annual income tax.
      • Tax exemption for those who hold BOI investment privileges.
      Juristic Person
      • 10% withholding tax on dividends received if an investor is a non-listed company.
      • Tax exempt if the investor is a listed company and receives a dividend from a Thai company or mutual fund.
      • Tax exempt if the investor acquires at least 25% of the total shares of a dividend paying company and said company is not a shareholder of the investor.
    • Dividends
      INVESTOR TAX
      Individual
      • 10% withholding tax on dividends received from a listed company or limited company.
      • There are two alternatives for tax payment:
        1. 10% withholding tax paid on dividends received from a specified mutual fund.
        2. Hold the tax to pay together with annual income tax.
      • Tax exemption for those who hold BOI investment privileges.
      Juristic Person
      • 10% withholding tax on dividends received if an investor is a non-listed company.
      • Tax exempt if the investor is a listed company and receives a dividend from a Thai company or mutual fund.
      • Tax exempt if the investor acquires at least 25% of the total shares of a dividend paying company and said company is not a shareholder of the investor.
    • Interest
      INVESTOR TAX
      Individual
      • 15% withholding tax.
      Juristic Person
      • 1% withholding tax. or
      • No withholding tax if a commercial bank, financial company, securities company or credit foncier company receives interest from a commercial bank.
  2. Tax for foreign investors who do not operate a business in Thailand
    • Capital Gain
      INVESTOR TAX
      Individual
      • Tax exempt
      Juristic Person
      • 15% withholding tax.
    • Dividend
      INVESTOR TAXATION
      Individual
      • 10% withholding tax
      Juristic Person
      • 10% withholding tax
    • Interest
      INVESTOR TAX
      Individual
      • 15% withholding tax.
      Juristic Person
      • 15% withholding tax.
  3. Tax Treaties

    To encourage foreign investment, Thailand has double taxation agreements with many countries. Through these tax treaties, certain foreign institutional investors may receive tax-free privileges on capital gains. More information can be found in the website http://www.rd.go.th.

  4. Value-Added Tax (VAT)

    Investors are required to pay VAT to the company at a rate of 7% of the service fee.

  5. Stamp Duty

    Both foreign and domicile transferors of share certificates and debenture certificates must pay for stamps to be affixed to certificates according to the value of the paid-up shares or the value of the transferred instruments (whichever is greater). The stamp duty rate is Baht 1.00 for every Baht 1,000.00 or fraction thereof. The stamp duty is, however, exempt on the following:

    • Transfers of registered securities where the TSD is the registrar.
    • Transfers of government bonds, state enterprise bonds or unit trusts.

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Service Complaints

Customers may lodge a complaint with the company in the event they are dissatisfied with any service by the following procedure.

  • Place a complaint in the suggestion box at the receptionist counters on the 15th-17th floors.
  • Send a letter to the Compliance and Internal Audit Department (C&I).
  • Contact the company’s Compliance and Internal Audit Department (C&I) at 0-2695-5020 or 0-2695-5025.
“ KT ZMICO received the approval of the Securities and Exchange Commission (SEC). Customers may file a complaint with the company in the event of any unsatisfactory service.”

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