Equity Brokerage Service
We provides brokerage services and investment advice supported by our marketing officers who are well trained and highly experienced in the Thai stock market. Furthermore, our security system protects against errors by reconciling data both before and after input while our working areas, such as Institutional Sales and Private Sales, can be accessed only by authorized staff with security key cards.
Nature and Scope of Service
Share Depository
Investors can deposit their shares through Thailand Securities Depository Company Limited (TSD) member companies (in this case being TISCO Securities Company Limited) for free of charge. Also, individual foreign customers can request us to deliver the shares to the custodian bank.
TSD uses the scripless system to record the number of shares deposited instead of issuing share certificates. The TSD acts as a nominee for shareholders by transferring names of share dopositors to "Thailand Securities Depository Company Limited (for Depositors)".
Clearing & Settlement Procedures
All trades of equity securities are cleared and settled within the third consecutive business day following the trading day (T+3). The clearing and settlement processes are solely managed by Thailand Securities Depository Company Limited (TSD), a wholly-owned subsidiary of the Stock Exchange of Thailand (SET).
Securities trading transactions are cleared and settled as following procedures:-
On The Buy Side
| Transaction | Transaction Date |
|---|---|
| Investors making payment for the purchase | within T+3 |
| Brokerage firms delivering securities to investors | within T+4 |
On The Sell Side
| Transaction | Transaction Date |
|---|---|
| Brokerage firms making payment for the sale | T+3 |
| Investors delivering securities to brokerage firms | before 12.00 noon of T+1 |
| Trading Session | Details | |
|---|---|---|
| 9.30 - T1 | Pre-opening I | T1 is the random opening time between 09:55 – 10:00 for calculating the opening prices for the morning trading session. Auction method is used to determine opening prices. |
| T1 - 12.30 | Morning Trading Session | Morning trading session |
| 12.30 น.-14.00 | Intermission | Intermission |
| 14.00 - T2 | Pre-opening II | T2 is the random opening time between 14:25 – 14:30 for calculating the opening prices for the afternoon trading session. Auction method is used to determine opening prices. |
| T2 - 16.30 | Afternoon Trading Session | Afternoon trading session Continuous order matching stops at 16:30; however orders may still be sent for queuing until closing auction is performed in T3. |
| 16.30 - T3 | Pre-close | |
| T3 - 17.00 | Off-hour Trading and Market Runoff Period |
The trading system allows the following actions to be performed: 1. Enter a trade report transaction 2. Send a request to bust/cancel the trade report 3. Update certain information in the trade, e.g. owner type (investor type) |
| 17.00 น. | Market Close | Market close |
Brokerage Commission Rates and Fees (Stock)
- Via Marketing Officer
| Daily Trading Turnover Per Day (THB) |
Commission Rates and Fees |
|||
|---|---|---|---|---|
| Brokerage Fee |
Trading Fee/Regulatory Fee |
Clearing Fee |
Total |
|
| Not exceeding THB 5 million |
0.25% | 0.006% | 0.001% | 0.257% |
| Over THB 5 million and not exceeding THB 10 million |
0.22% | 0.006% | 0.001% | 0.227% |
| Over THB 10 million and not exceeding THB 20 million |
0.18% | 0.006% | 0.001% | 0.187% |
| Over THB 20 million |
0.15% | 0.006% | 0.001% | 0.157% |
- Via Internet Trading / Cash Account
| Daily Trading Turnover Per Day (THB) |
Commission Rates and Fees |
|||
|---|---|---|---|---|
| Brokerage Fee |
Trading Fee/Regulatory Fee |
Clearing Fee |
Total |
|
| Not exceeding THB 5 million |
0.20% | 0.006% | 0.001% | 0.207% |
| Over THB 5 million and not exceeding THB 10 million |
0.18% | 0.006% | 0.001% | 0.187% |
| Over THB 10 million and not exceeding THB 20 million |
0.15% | 0.006% | 0.001% | 0.157% |
| Over THB 20 million |
0.12% | 0.006% | 0.001% | 0.127% |
- Via Internet Trading / Cash Balance
| Daily Trading Turnover Per Day (THB) |
Commission Rates and Fees |
|||
|---|---|---|---|---|
| Brokerage Fee |
Trading Fee/Regulatory Fee |
Clearing Fee |
Total |
|
| Not exceeding THB 5 million |
0.15% | 0.006% | 0.001% | 0.157% |
| Over THB 5 million and not exceeding THB 10 million |
0.13% | 0.006% | 0.001% | 0.137% |
| Over THB 10 million and not exceeding THB 20 million |
0.11% | 0.006% | 0.001% | 0.117% |
| Over THB 20 million |
0.10% | 0.006% | 0.001% | 0.107% |
- Share Transfer Fee
Investors will not pay any fees if they would like to deposit shares into their accounts. However, if they would like to withdraw shares from their accounts, they are subject to pay a fee of 50 baht per stock.
- Share Certificate Issuance Fee
Share Certificate Issuance Fee Normally, investors can deposit their shares for free of charge through TSD's member companies, which uses the scripless system to record the number of shares deposited instead of issuing share certificates (See details of "Share Depository"). However, if investors would like to get share certificates, they can request TSD's member companies to process this. Investors are subject to pay 100 baht per stock for share certificates. They will get their share certificates within 30 days.
- Bank Fees
Investors are required by banks to pay a fee for some transactions.
- For check transfers
Transfers or deposits checks into investors' bank account in Bangkok area are free of charge. However, if the transactions are made to investors' bank account in the provinces or abroad, banks will charge some fees. Brokers will fully pass through these fees to investors.
- For returned checks
Investors are required to pay bank fee if their banks do not accept payment upon their checks. Brokers will fully charge the returned check fee to investors.
- For check transfers
Besides a 7% value-added tax,individual investors are subject to certain forms of taxation based on the Thai tax laws as follows,
| Type of Income | Tax Rate |
|---|---|
| Capital gain | Tax free |
| Dividend | 10% witholding tax |
| Interest | 15% witholding tax |
Transfers of share certificates and debenture certificates are subject to stamp duty according to the value of the paid-up shares or the value of the transfer instruments, whichever is greater. The stamp duty rate is one baht for every 1,000 baht or fraction thereof.
The stamp duty, however, is exempt for transfers of registered securities where Thailand Securities Depository Company Limited (TSD) is the registrar, and for transfers of government bonds, state enterprise bonds as well as unit trusts.
How to Apply
Customers can open an account at TISCO Bank Branch near home or download the document below. Fill in all required documents with signatures and send along with the application documents to "TISCO Securities Company Limited 48/8 TISCO Tower, 4th Floor (Opening Account), North Sathorn Road, Silom, Bangrak, Bangkok"
The documentation for opening an account depends on the type of account, which is 2 types.
Cash Balance Account Opening
Documents to open an account for Thai individual clients
- Certified copy of an authorized identification card.
- Certified copy of census registration.
- Certified copy of saving deposit passbook.
- 30 baht stamp duty.
Documents to open an account for Foreign individual clients residing in Thailand
- Certified copy of passport.
- Certified copy of working permit, if working in Thailand.
- A Notary public (In case that the client could not appear in front of the marketing officer for account opening).
- Certified copy of saving deposit passbook .
- 30 baht stamp duty.
For Foreign individual clients residing outside Thailand
- Certified copy of passport.
- A Notary public (In case that the client could not appear in front of the marketing officer for account opening).
- Certified copy of saving deposit passbook .
- 30 baht stamp duty.
Credit Line Account Opening
Documents to open an account for Thai individual clients
- Certified copy of an authorized identification card.
- Certified copy of census registration.
- Certified copy of tax identification card.
- A 6-month bank statement.
- 30 baht stamp duty.
Documents to open an account for Foreign individual clients residing in Thailand
- Certified copy of passport.
- Certified copy of working permit, if working in Thailand.
- A Notary public (In case that the client could not appear in front of the marketing officer for account opening).
- A 6-month bank statement.
- Certified copy of tax identification card.
- 30 baht stamp duty.
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