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Trading Procedures

Once the account opening process is complete, you will receive an email notifying that your account has been opened . An assigned marketing officer will clarify trading procedures upon your request.

Commission

KT-Zmico Securities would like to notify the new rates of commission fee according to the Securities and Exchange Commission Thailand as table below. Effective since trading transaction on 4 January 2017 onwards, there is no a minimum charge of commission fee for individual client. These rates will be enforced to all types of securities that are trading in both SET and MAI market except bond and mutual fund products.

 

Commission fee for Order placing through Marketing officer and Internet Trading channel

Total Trading Value/ Day/ Stock Account (Baht) Marketing Officer
Internet
Cash Limit
(Credit Line via ATS)
Cash Balance and Credit Balance (Margin Account)
Less than or Equal to 5 mil.
0.25%
0.20%
0.15%
From 5 mil. up to 10 mil.*
0.22%
0.18%
0.13%
From 10 mil. up to 20 mil.*
0.18%
0.15%
0.11%
From 20 mil. Up*
0.15%
0.12%
0.10%

*The above rate is excluding 7%VAT and other related taxes.

Remark:
All daily trading value level will be charged as the above schedule rate plus the additional fee as follow:

  • Trading Fee (collected by The Stock Exchange of Thailand: SET)  0.005%
  • Clearing Fee (collected by Thailand Securities Depository Co., Ltd.:TSD)  0.001%
  • Regulatory Fee  0.001% Changed by SEC’s announcement effective since trading transaction on 4 January 2017 onwards)


Summary table of the commission fee,
included trading fee 0.005% and clearing fee 0.001% and
Regulatory Fee 0.001% are as the schedule below:
Total Trading Value/ Day/ Stock Account (Baht) Marketing Officer
Internet

Cash Limit

(Credit Line via ATS)
Cash Balance and Credit Balance (Margin Account)
Less than or Equal to 5 mil.
0.257%
0.207%
0.157%
From 5 mil. up to 10 mil.*
0.227%
0.187%
0.137%
From 10 mil. up to 20 mil.*
0.187%
0.157%
0.117%
From 20 mil. Up*
0.157%
0.127%
0.107%

*The above rate is excluding 7%VAT and other related taxes.

 

Taxes

  • Your capital gain is not subject to tax in Thailand.
  • Dividend income is subject to 10% withholding tax at the source.
  • Interest income on cash balance remaining in Online Trading Accounts is subject to withholding tax at the rate regulated by the Revenue Department, which is currently 15% for individuals.

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Settlement

Settlement for every transaction is T+3 (three working days after the trade date) on the following procedures:

  1. Buying
    The client is required to provide payment to KT ZMICO for securities purchased within T+3 as regulated by the Exchange.

    The client shall request money transfers via ATS (Automatic Transfer System) from the various banks with which we have service agreements.

  2. Selling
    The client agrees to provide securities to KT ZMICO for delivery against sales by the time regulated by the Exchange.

    The client will request us to transfer their funds via ATS (Automatic Transfer System) from the various banks with which we have service agreements.

The following services are also available for our clients:

  • Share Transfers
  • Share Conversions: local to foreign, local to NVDR
  • Right and Dividend Collections
  • Tender Offers
  • IPOs
  • Others

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Financial Benefits

Rights and Dividends

  • Rights
    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 permit only a 25% holding.

    To ensure that clients receive full financial benefits from investing in the Thai stock market, they should hold an account according to their residential status: foreigners should hold "Foreign Registered Stocks" or NVDRs (Non-voting Depository Receipts), while Thais should hold "Local Registered Stocks." NVDRs provide all financial benefits; i.e., dividends, right issues and warrants, except voting rights at shareholder meetings.

    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 KT ZMICO that they wish to convert them to foreign shares. Conversion can be completed, however, only when a foreign shareholding is available.

    Depending on liquidity, clients holding foreign shares have the option to sell them on the local board.  Conversion from the foreign to local board can be completed within one working day after notification.  The conversion fee is THB 50.00 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 date.  Consequently, clients will be entitled to receive the following:

    • "Rights Issue"
    • "Dividends"
    • "Voting Rights"
    • "Other Rights"

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