Thailand: Pending settlement update III
2 March 2018
The mandatory securities borrowing and lending (SBL) buy-in will change from T+4 (SD+1) to T+3 (SD+1). If the originating defaulted selling broker cannot deliver the shares to TCH in time, cash settlement will be triggered on SD+3 (as from the SD of the originating defaulted selling broker), instead of SD+4, in order to terminate outstanding pending settlement.
Impact on customers
For positions that are still in pending settlement status, the originating defaulted selling broker has up to SD+3 to deliver the remaining securities. If the pending settlement position does not resolve by SD+3 (that is, originating defaulted selling broker cannot deliver the remaining shares) then a cash settlement will be triggered.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. CBL refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.