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Type of Account

Type of Cash Account

  • Maybank Kim Eng Securities (Thailand) Public Company Limited (Broker No. 42) is a member of the Stock Exchange of Thailand (SET). With a total of 39 offices located in Bangkok and throughout the country, we offer a wide range of financial services and extensive research based on fundamental and technical analyses. Before starting to trade stocks on SET, investors should contact us to open an account by filling out an application form and signing an agreement for appointing an Internet Trading Agent. Documents required include a copy of  your identification card or passport and house registration. Once your application and credit status are approved, we will authorise a password for Internet trading. You can also place orders at our trading room on the 21st floor of The Offices at Central World Building, or through our trader directly to SET, or a sales representative, who will call you to confirm your completed transactions.
  • For Cash Accounts, there are both individual and corporate accounts. The settlement date for sell and buy orders is within the next 2 days from the trading date. Securities payments will be the paid total value amount including commission fee and value-added tax of 7%.

 

Internet Account

  • Business Overview
    In our never-ending quest to be Thailand’s top, one-stop service broker, Maybank Kim Eng established its website in 1997. A year later we developed the Internet Investment Information Service or IIIS, a platform which now allows investors to trade stocks and access research through the Internet.

 

Why Maybank Kim Eng’s Internet Trading?
Investor benefits:

  • Convenience
    You can access our IIIS anytime, 24 hours a day, from the office, home, or anywhere around the world. SET trading hours are between 10:00-12:30 and 14:30-16:30 hrs (Thai time). However, you can place an order after 17:00 (BKK time) for the next day trading. All orders will be delivered to the SET at 09:30 the next day and be in the queue with other orders.  

  • In-depth Information
    You can find comparative and timely information about real-time stock quotes, company profiles, research analyses, and historical statistics and information to support your investment decisions. Our IIIS offers comprehensive real-time market information on a web-based application, complete with extensive stock, sector and index data and fundamental research and technical analysis charts.  KELive is our web-based research database featuring company reports covering more than 140 stocks as well as in-depth economic reports on the latest developments impacting the Thai market.

  • Portfolio Management
    Investors previously could not monitor their portfolio as well as check their order status. Our Internet trading system allows you to access your Profile, Portfolio, Order Status, and Transaction History information in a snap.

  • Low Cost
    The commission rate for our Internet trading service is only a minimum of 0.15%.

  

Procedure of Credit Balance Account Opening
Requirements are as follows:

  • Clients have to deposit at least 500,000 Baht for a credit line as well as mortgage their cash and other securities. However, the value of the mortgage depends on the company’s credit control policy.
  • In order to buy any securities through Maybank Kim Eng Securities (Thailand) Plc., clients have to pay the whole amount by the settlement date, within the next 2 days from the trading date (T+2), by cash or check after order confirmation.
  • In order to sell securities through Maybank Kim Eng Securities (Thailand) Plc, clients receive the whole, sold amount by the settlement date, within the next 2 days from the trading date (T+2), after order confirmation.
Type of Order

The main type of trading order on SET is the "limit- price" order, which is an order to buy or sell at a specific price. In addition, as part of efforts to service all types of investors, the Exchange has introduced six other types of orders for main board trading.

Non-limit price orders

  1. Market Price Order (MP): An order to buy or sell a security at the best price currently available.
  2. At-The-Open Order (ATO): An order to buy or sell a security at the opening price.
  3. At the Close Order (ATC): An order to buy or sell a security at the closing price.

Conditional orders

  1. Immediate-Or-Cancel Order (IOC): An order to buy or sell a stock immediately at a specific price on the condition that, if there is any remaining volume unmatched, the remaining volume will be revoked.
  2. Fill-Or-Kill Order (FOK)An order to buy or sell the whole ordered volume at a specific price. If this condition cannot be met, the order is revoked.

Publish orders
An order to buy or sell a stock with an ordered volume of at least 10 board lots (mostly 1,000 shares) while also specifying the equal amounts of the ordered volume to be published in the ARMS. When the published portion of the ordered volume is executed, the next remaining portion is placed in the queue until the whole ordered volume has been executed.

Foreigners' Guidelines
  • Stock Holding
    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 permits only a 25% foreign holding.

    To ensure that you are entitled to receive financial benefits arising from investing in the Thai Stock Market, clients are advised to hold stock registered according to their "Residential Status":-

    • Thais to hold "local" shares.
    • Foreigners to hold either “foreign” shares or Non-Voting Depository Receipt (NDVR).

    Foreigners who hold foreign shares will be eligible for dividends, right issues & warrants and voting rights. In the case that they hold NVDRs, they will be entitled to receive dividends, right issues and warrants only. Voting rights are not applicable for NVDR holders.

  • Investor's Benefits
    When Maybank Kim Eng is acting as custodian, we will inform the securities registrar, Thailand Securities Depository Co., Ltd. (TSD), of the identities of shareholders as at the book closing date. Consequently, customers will be entitled to receive the following:-

    A. Right Issue
    After the book closing date, TSD will directly submit the notification of subscription along with the subscription form to the shareholders to the address given in their account opening form. The shareholder must complete all forms; attach a signed copy of your identification card or passport together with a cheque and return all documents to that company by the date specified.

    B. Dividend
    After the dividend payment date, the TSD will mail a dividend cheque to the shareholders at the address given in their account opening form. Please note that dividend income is subject to 10% withholding tax at source.

    According to the Stock Exchange of Thailand’s regulations, the dividend cheque will be paid in Thai Baht only. As a result, it is recommended that overseas clients obtain a local bank account with any of the major Thai commercial banks in order to cash the cheque before remitting out of Thailand.

    As a result, foreigners who do not obtain a local bank account in Thailand will fail to cash the dividend cheque.

  • NVDR (Non-Voting Depository Receipt)

    Definition
    Non-Voting Depository Receipt (NVDR) is a new trading instrument issued by the Thai NVDR Company Limited, a subsidiary wholly owned by the Stock Exchange of Thailand (SET). The NVDRs are automatically regarded as listed securities on the SET.


    Benefits
    1. To eliminate foreign investment barriers, such as the foreign investment limits and impediments for institutional investors.

    2. Investors will be entitled to receive financial benefits; i.e., dividends, right issues and warrants, in the same manner as they invest in an ordinary share. However, the voting right is not applicable for NVDR holders.


    Trading Procedure
    Investors who wish to trade NVDRs are able to send the requests either via a Marketing Officer or via our Online Trading Platform by making "NVDR Box" active when placing an order.

    NVDR’s price quotes will be referred from the local board of the underlying stocks. The price is exactly the same as that of the corresponding counter on the local board. To sum up, NVDR orders will be executed in the local board.


    Guidelines
    1. At any book closing date, Maybank Kim Eng will submit a Shareholder Report to the Thailand Securities Depository Co., Ltd. (TSD). Clients are advised to hold stocks registered according to their “Resident Status” before X Dividend (XD) or X Right (XR) posting dates. In other words, foreigners should hold either “foreign” registered stock or NVDRs whereas Thais should hold “local" registered stock.

    2. Foreign investors who long for voting rights are advised to hold "foreign" shares only.

    3. Securities trading must be conducted on the corresponding boards only:-

Securities Board
Foreign Shares Foreign Board
Local Shares Main Board (Local Board)
NVDRs Main Board (Local Board)
Settlement : Settlement
  1. To deliver securities, a broker shall maintain valid securities in their securities depository account in any amount sufficient for securities clearing and settlement as indicated in the netting report by 1:30p.m. on the third business day following the trading day (T+2).
  2. To receive securities, the broker whose position is in credit will receive the securities in the amount entitled to them in their securities depository account at 1:30p.m. on T+2, and can withdraw or transfer their securities after 2:15p.m. on that day.
    Reference site: 
    www.tsd.co.th
Settlement : Stock Deposit / Withdrawal

Shares Depository

•          Clients must fill in the shares depository form as prescribed by company

•          Company shall receive for shares depository with the name as specified in the share certificate only or the name of the last transferee, in case of the endorsed of shares transfer to transferee

•          In case of there is no specified the name of transferee or the name in the share certificate is not the same name with transferee, company shall reserve the right for the said shares depository

•          In case of endorsed of shares transfer to the Third party, shall have the signatory of transferor and transferee in proper and shall also provide the related documents for the depository of share certificate as follows

(1)       In case of transferor and transferee are clients of company

•          Copy of transferor and transferee identification card

(2)       In case of transferor and transferee are not clients of company

•          The genuine of identification card together with copy/ the genuine of the Approval letter as released by District Office/ Sub-District

(3)       In case of endorsed of transferor and transferee for many sequences

•          Submitting documents in accordance with (1) or (2) in every sequences as TSD has not yet been approved the registration of the shares depository

 

Shares withdrawal

Investors who are intended to receive the shares certificate from shares depository system, such investors must submit the petition to withdraw the shares via company’s member of shares depository and TSD shall verify the account of company’s member in order to check the sufficiency of such shares, together with proceeding with signatory verification process in approval for the shares withdrawal’s petition of company’s member. After that, TSD shall deduct the amount of shares from the account of company’s member in equal to the amount as submitted the petition and shall inform the shares registrar for printing of shares transfer in the name of investors

 

Shares withdrawal and the release of shares certificate shall indentify the name of client account owner only and is not able to release of shares certificate in the name of other persons

 

The procedure of shares withdrawal:

  1.         Investors or company’s member who are intended to withdraw the shares from TSD, must fill in shares withdrawal form as prescribe by TSD within the period of 8.00 - 14.00 o’clock and will receive the shares certificate after the completion of shares withdrawal process within 30 days
  2.         TSD shall deduct the amount of shares from the account of company’s member on the day of the submission of shares withdrawal

3.        Shares registrar shall release the new shares certificate in the name of the investors as specified  

 

Settlement : Securities Clearing

As the Clearing House, TSD uses electronic fund transfers through the settlement banks and the Bahtnet system of the Bank of Thailand. Cheques have not been used since September 8, 2000 in a bid to achieve the most efficient clearing and settlement process.

With this new development, custodians can make payments through the Bahtnet system whereas, brokers and sub-brokers can pay for their securities through the two settlement banks – the Siam Commercial Bank PCL, and the Bangkok Bank PCL – chosen by member companies.

In this process, TSD will act as an intermediary of the securities clearing and settlement between the settlement bank A and the settlement bank B, and the custodians through the BOT's Bahtnet system.

Remarks:

  • For general members (Brokers/Sub-brokers): They send/receive the payment to/ from their settlement banks, which will send/receive that payment to/from the TSD through the Bahtnet system. 
  • For associate members (Custodians): They send/receive the payment to/from the TSD through the Bahtnet system.
Settlement : Stock Certificate Request / Share Transfer

2.1 Shares transfer in type of Scripless

  • Shares transfer in type of Scripless, company shall proceed in accordance with the client’s order only in the following cases:
  • Shares transfer to him/herself or spouse or legitimate child
  • Shares transfer due to the entering into the agreement of the Stock Borrowing and Lending transaction (SBL)
  • Shares transfer due to the various transactions including with the Port Error into the following accounts in this regard company shall supervise such accounts not to be used as the channels to avoid or facilitate for client with the shares transfer in contravention with this notification
  • Proprietary trading Port
  • Shares depository account for client of intermediaries or other financial institutions as located abroad with receiving certified the standard of supervision from SEC, having with members or shares depositor in type of financial institutions (Custodian Bank)
  • For pledging
  • Court Order, such as, heritage or auction
  • Shares transfer due to Tender offer transaction
  • Shares transfer due to enter into the transaction as approved from SEC and/ or SET
  • Shares transfer as apart from (1) – (7) in accordance with the additional specification from ASCO as receiving approval from SEC

Supporting Documents of shares transfer for (1) as follows

  • In case of shares transfer to spouse, client shall demonstrate the marriage registration certificate 
  • In case of shares transfer to child, client shall demonstrate the birth certification together with marriage registration certificate/ child approval certificate

The procedure of Shares transfer in type of Scripless

  • Client must fill in the form as prescribed by company together with supporting documents for shares transfer
  • Company shall proceed with the verification and consideration process in accordance with such petition
  • Company shall reserve the right to proceed with any proceeding in case it was found the contravention with the rules as prescribe by company

 

2.2 Shares transfer to other brokers

  • Transferor must inform transferee name to transferee broker for acknowledgement
  • Transferor broker and transferee broker must verify if such shares transfer is considered as Third party shares transfer, therefore, transferee broker must proceed in accordance with Third party shares transfer procedure

Operational procedures for shares transfer to other brokers

  1. Client must fill in the form as prescribed by company, together with shares transfer supporting document
  2. Company shall proceed with data verification process and considering to proceed as per client’s petition
  3. In case of company has acknowledged regarding with Third party shares transfer, company shall reserved the right to proceed in accordance with client’s petition, so that, client must proceed in accordance with Third party shares transfer rule

 

2.3 Third party shares transfer

In case of client intends to transfer their shares to the Third party, client must proceed with the following processes:

(1)     Withdrawal and release of shares certificate in the name of client’s account owner, do not allow to release of share transfer in the name of other persons

(2)     Endorsement of shares transfer to transferee

(3)     Shall require to have the signatory of transferor and transferee in proper

(4)     In case of endorsed Third party shares transfer, shall require to have the signatory of transferor and transferee in proper and also demonstrating of supporting documents for depository of shares certificate with the following processes:

(4.1) In case of transferor and transferee are clients of company

  • Copy of transferor and transferee’s identification card

(4.2)  In case of transferor and transferee are not clients of company

  • The genuine of identification card with copy/ the genuine of approval letter as released by district office/ sub-district

(4.3)        In case of endorsed of transferor and transferee in many sequences

  • Submitting the documents of (1) or (2) in every sequences as TSD has not yet been approved for the registration of shares transfer

 

Cash Deposit

Deposit Method

 

Bank

Deposit Method

E-Payment

ATS

Bill Payment

Bahtnet

KTB

/

/

/

/

TMB

/

/

/

/

SCB

/

/

/

/

UOB

/

/

/

/

BBL

/

/

/

/

KBANK

/

/

/

/

BAY

/

/

/

/

TISCO

 

/

/

/

LH

 

/

/

/

CIMBT

/

/

/

/

 1. E-Payment

Application Method

For SCB, BBL andKBANK, clients apply for the service through MBKET. The application form and document required are as per below detail. The signature must be the same as that given to the Bank.

Bank

Link

Application form

Copy of ID card

Copy ofBook Bank

SCB

Download

2 sets

2 copies

2 copies

BBL

Download

2 sets

2 copies

2 copies

KBANK

Download

2 sets

2 copies

2 copies

 

For other banks, clients can apply Username and Password used for E-banking services of those banks to sign-on. If do not have one yet, clients can apply directly with the respective bank.

E-Payment deposit steps

1.   Apply forInternet Banking service with banks or via MBKET (for SCB, BBL andKBANK) to getUsername and Password.

2.   Log-in toMBKET’s website at www.maybank-ke.co.th

3.   Manu ‘Main’, go to menu ‘e-Banking’ to process deposit transaction. When select bank, the system may redirect to log-in page of the bank’s website. Clients key-in username and password to log-in.

4.   Trading limit will be added promptly after the deposit transaction is completed (except for offshore account and derivative account -4).

 

2. ATS

Application Method

  1. Apply through MBKET by submitting the filled application form (Download) together with required document to your IC.

  2. Apply via ATM or Internet Banking

    2.1 Detail of COMP CODE and Reference as follow.

Bank

Comp Code

Ref 1

Ref 2

ATM

Internet

KTB

5542

ID Card No.

/

/

TMB

3960

ID Card No.

Bank Account No.

/

X

SCB

9022

ID Card No.

Bank Account No.

/

/

TBANK

10006

ID Card No.

/

X

UOB

30016

ID Card No.

/

X

BBL

10210

ID Card No.

Bank Account No.

/

/

KBANK

32304[ATM]

/ 7458137[INTERNET]

ID Card No.

 -

/

/

BAY

2850011259

ID Card No.

Bank Account No.

/

/

           2.2 Submit ATM slip or capture screen (for Internet Banking) together with account opening document (for new client) or change request memo (for existing client) to your IC.

Bank

Application steps

KBANK

Download

KTB

Download

BBL

Download

BAY

Download

TMB

Download

UOB

Download

SCB

Download

TBANK

Download

 

ATS deposit steps

ATS deposit can be done via the following channels.

  1. Process via MBKET’s website (only for SCB, BBL, KBANK, KTB, TMB and TBANK)

    1.1 Log-in toMBKET’s website at www.maybank-ke.co.th.

    1.2 Manu ‘Main’, select menu ‘ATS Services’ to process ATS deposit from your dedicated bank account.

    1.3 Trading limit will be added promptly after MBKET received confirmation from the bank that the transaction is successful. Normally, it would take around 5-10 minutes.

  2. Clients fill in ‘Deposit Notification Form’ (click link Download ) and submit the form to Operation Department or IC via e-mail, fax or by hand.

  3. Clients request for ATS deposit via phone to Operation Department or IC.

  4. Clients request for ATS deposit via e-mail by using the e-mail registered with MBKET. The e-mail can be sent to pay-in@maybank-ke.co.th or IC’s e-mail.

     

3. Bill Payment

The method is suitable for new clients that already have trading account number but still waiting for E-Payment or ATS services to be activated.

Fee and limit amount per transaction are subject to banks’ condition.

Bill Payment deposit steps

Bill Payment deposit can be done via the following channels.

  1. Bank counter (except SCB)

  2. ATM

  3. Mobile Banking

  4. Internet Banking

     

    For transaction at bank counter, Bill Payment Pay-in Slip can be downloaded here. (Download)

For transaction via ATM, Mobile Banking andInternet Banking, please apply Comp Code/Service Code as per table below.

Bank

Bill Payment Channel

ATM

Mobile & Internet Banking

BBL

35544

KEST

KBANK

35542

35542

SCB

8842

8842

KTB

5320

5320

BAY

21259

21259

TMB

2523

2523

UOB

2910

2910

CIMBT

Select Company's name

MBKETBILL

LH BANK

2034

2034

 

For all channels, please indicate the reference numbers as follow.

Reference 1

ID Card No. 13 digits

Reference 2

Trading Account No. 8 digits

 

Submission of deposit evidence

For BBL, KTB, SCB andKBANK, clients do not have to submit deposit evidence.

For other banks, clients have to submit deposit evidence to MBKET by 1 of the following channels.

  1. Line. Line ID of Head Office and Branches can be found at ( Download ). Client’s Line ID must be registered with MBKET.

  2. E-mail to pay-in@maybank-ke.co.th or your IC’s e-mail.

  3. Fax. See fax number of each branch at ( Download )

     

4. Bahtnet

Clients can process Bahtnet transaction at bank counter. Bank’s term and condition will be applied.

 

Deposit from Overseas

Special Non-resident Baht Account for Equity Securities: (SNS)

Bank

Branch

Acc. type

Account no.

Swift code

Account Name: Maybank Kim Eng Securities (Thailand) Public Company Limited For Customer

HSBC Bank

-

Saving

001-2-38757-980

HSBCTHBK

Standard Chartered Bank

Head Office

C/A

001-0078788-6

SCBLTHBX

** Note: For deposit from overseas, please specify SWIFT CODE.

 

Cash Withdrawal


1. After log-in to the system, go to menu ‘Money Withdrawal’, select ‘Cash Withdrawal’. You can also transfer money to your other type of trading account, pay for trade settlement or IPO subscription.

2. Fill in the required fields and press ‘Submit’. Also, you can download Withdrawal Form and process the withdrawal transaction via IC or call for more information at (66) 2658-5050.

Submit your copy of passbook…Today!! for your convenience for cash withdrawal. Please note the Company’s policy relating to money withdrawal as follow.

  1. For on-line money withdrawal instruction, we will transfer money to your latest bank account number as per specified only.

  2. In case you would like to update your bank account, please submit a copy of passbook showing your name and bank account number with certified true copy to Operation Department. If you would like to temporarily change your bank account, please submit a copy of passbook showing your name and bank account number with certified true copy to Operation Department and clearly indicate that ‘only for this withdrawal’.

  3. For customer who has not notified your bank account number to the Company, please submit a copy of passbook showing your name and bank account number with certified true copy to Operation Department.

  4. The minimum for on-line money withdrawal is THB 200/transaction and the maximum is THB 20 million/day and THB 5 million/transaction. In case you would like to withdraw more than THB 20 million/day, please fill in Withdrawal Form (download here )and submit to Operation Department for further process.

 


 

Share Conversion

Please note that foreign shares of some stocks might not be available due to the 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 processed only when there is room available on the foreign board.

Depending on liquidity, clients holding foreign shares have the option to sell in the local board, after such shares are converted from foreign to local.

Share Conversion Requests will be processed only if the shares have been settled (clean stocks). Any share conversions  will take one working day after the receipt of your requisition. The conversion fee is 50 Baht per application for each listed company.

For more information on share conversion, please contact our Client Service Center at clientservice@maybank-ke.co.th or tel. (66) 2658-5050.

Commission Fee

Securities Trading Fees

  1. Securities Trading Fees

Securities Trading Fee Rate   The company charges trading fees from clients by Sliding Scale of Daily Trading Volume. Thenew securities commission rate is effective from January 1,2017onwards, Details are as follows:

1. 1 Forretail customers

Daily Trading ( Unit  :Baht)

Trading through an investment consultant (VAT not included)

Internet trading (VAT not included)

Cash account

Cash Balance account or Credit  Balance account

Trading Volume not exceeding  5 millionbaht

Commission rate

0.250%

0.200%

0.150%

SET Trading Fee

0.005%

0.005%

0.005%

TSD Clearing Fee

0.001%

0.001%

0.001%

Regulatory fees

0.001%

0.001%

0.001%

Total charged to customers

0.257%

0.207%

0.157%

Trading Volume from 5 million baht notexceeding10 million baht.

Commission rate

0.220%

0.180%

0.130%

SET Trading Fee

0.005%

0.005%

0.005%

TSD Clearing Fee

0.001%

0.001%

0.001%

Regulatory fees

0.001%

0.001%

0.001%

Total charged to customers

0.227%

0.187%

0.137%

Trading Volume from 10 million baht notexceeding  20 million baht.

Commission rate

0.180%

0.150%

0.110%

SET Trading Fee

0.005%

0.005%

0.005%

TSD Clearing Fee

0.001%

0.001%

0.001%

Regulatory fees

0.001%

0.001%

0.001%

Total charged to customers

0.187%

0.157%

0.117%

Trading Volume from 20 million baht  ormore

Commission rate

0.150%

0.120%

0.100%

SET Trading Fee

0.005%

0.005%

0.005%

TSD Clearing Fee

0.001%

0.001%

0.001%

Regulatory fees

0.001%

0.001%

0.001%

Total charged to customers

0.157%

0.127%

0.107%

 

Minimum daily commission rate = THB 50per day*

* FromApril 1,  2010 onwards All account types and channels for sending orders both through marketing staff and the Internet. Minimum commission fee is THB50 per day,excluding  SET Trading Fee ,TSD Clearing Fee, RegulatoryFees and  VAT

** Association of Thai Securities Companies has been set the settlement of traded via Automatic Transfer System for Cash Account charging fees at 14 bath (exclude VAT) per settlement transaction that will effective on trade date 01 April 2020 onwards.

                Fees Chargeable examples

            Mr. A  purchased  XYZ securities in a  Cash Balance account via Internet by himself.   Total value was Baht 18.0 million.  Fee will be charged as follows:

 

Trading Volume

interval

Charge/
Commission Rate

Maximum fee/commission for each period is in cash (Baht)

SET Trading Fee

(0.005%)

TSD Clearing Fee

(0.001%)

Regulatory Fee  (0.001%)

Total fees (excluding  VAT)

1 Baht   - 5,000,000 Baht

First 5,000,000

0.15

7,500.00

250.00

50.00

50.00

7,850.00

5,000,001 Baht - 10,000,000 Baht

Next 5,000,000

0.13

6,500.00

250.00

50.00

50.00

6,850.00

10,000,001 Baht -  18,000,000 Baht

8,000,000

0.11

8,800.00

400.00

80.00

80.00

9,360.00

 

18,000,000.00

 

 

 

 

 

24,060.00

 

1.2.Institutional clients


Are subject to a 0.20% charge on the Sales Representative channel plus 7% VAT and 0.12% for Internet Trading plus 7% VAT.

Remark:

ETF Funds and Property Funds fees have been changed from 0.10% to follow the sliding scale above. These include:

THAIDEX SET50 ETF (TDEX)

THAIDEX FTSE SET LARGE CAP ETF (TFTSE)

MTRACK ENERGY ETF (ENGY)

PROPERTY FUND

 

2. Commission Fee of Derivatives Trade (TFEX)

 Click Here

Interest Rate

Type of Account

Interest Rate (%)

Effective date

Interest Rate of Client’s Cash Balance in Baht for all account types

0.35 per year

31st August 2021

Normal Margin Loan Interest (Credit Balance A/C)

4.25 per year

1st June 2020

Micro Margin Loan Interest

4.95 per year

1st June 2020

Overdue payment charge for retail clients

9.25 %

8th April 2016

 

*For any debtor  who is  in dispute with the Company arising from the debtor’s default, the Company reserves the right to determine the interest at the rate as prescribed by law and within the scope of the court order, whichever the case may be. However, such interest rate shall not exceed 24 per cent per annum according to the announcement of the Company.

 

 

e-Dividend Service

Dividend/Interest Payment to Bank Account(e-Dividend Service)
The e-Dividend service is the service where the dividend / interest payment is made to a bank account to facilitate the securities holders in receiving dividend / interest from securities issuers. Formerly, the dividend / interest payments are made to securities holders by cheques. With the e-Dividend service, this could facilitate more convenience for securities holders.


Benefits of the e-Dividend Service to Securities Holders

  • Receive the dividend/ interest payments on the due date via the money transfer.
  • Do not have to worry about delayed or lost cheques during handling. 
  • Receive dividend/ interest payment via bank accounts even in the case of relocation without notifying the registrar. Customers have no difficulty or do not have to wait for a returned mail to be forwarded. 
  • Do not have to go through the hassle of cashing in cheques at the bank.
  • Securities holders located in provinces can save on bank fees in bill for collections and they will receive the dividend/ interest payments immediately on the paid date, while in the case of cheques it will take 5-7 days.
  • Securities holders will receive  notification letters regarding the dividend/ interest payments to bank accounts, including the withholding of tax documents which will be mailed.

 

The e-Dividend Application Process
Securities holders can submit request forms for dividend/ interest payments to bank accounts, and specified supplement documents to the TSD. In the case of scripless holding, securities holders can submit their forms via securities companies that serve them.  A registrar will deposit the dividend/ interest into requestors’ bank accounts upon successful application by the securities issuer.

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** Reference site: www.tsd.co.th

Tax

Taxation
Individual investors, including foreign individual investors, are exempt from taxation on capital gains from SET securities trading. However, foreign investors are subject to certain forms of taxation. Please see detailed information in here.

FIFO & Avg. Cost
  1. The calculation of Investment cost (FIFO) & Average cost
    1. FIFO: First-In First-Out
      Have you ever known how we calculate your investment cost? And how much is your profit and loss? The cost is not arising from the average cost shown in your portfolio. Such cost simply shows your current value and estimates the profit and loss at a certain time. The accumulated buying and selling will inadvertently impact the change of average cost.

      FIFO, which stands for First-In First-out, has been used to calculate the investment cost. Learn how this is calculated from our example below :-

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    2. (Average Cost)

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      Note
      - The unrealized Profit / Loss shown on the screen will be calculated.

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      Note
      -
      The example of calculation above is excluding the commission charge at 0.1578 % with the minimum charge at Bt 50 per day and VAT 7% on top of the commission charge.

  2. The calculation of VAT (Value Added Tax)
    - Commission charge

    Internet trading: 0.1578% with the minimum charge at 50 Baht per day 
    Broker assisted: 0.2578% with the minimum charge at 50 Baht per day 

    The following is an example of how we apply the commission charge:

    Example:
    Trading value is 50,000 Baht
    The commission charge 50,000 X 0.1578 % = 78.9 Baht
     
    VAT 7% 78.9 X 7% = 5.523 Baht
    The total commission incl. VAT 7% 78.9 + 5.523 = 84.423 Baht

    The minimum commission rate  of 50 Baht per day is applicable when the total commission charge on the same day is less than 50 Baht. The system will charge you 50 Baht for all orders made  on that day. In other words, if you trade stocks online with a transaction value of less than 31,685.67 Baht (please see example below), you will be charged 50 Baht for all transactions on such day.

    Example: 
    If you pay 0.1578 Baht for 100 Baht trade
    If you pay 50 Baht for how much?
     
    (100 / 0.1578 ) X 50 = 31,685.67 Baht

     

Inappropriate Buy/Sell Order as the requirement of the SET

Maybank Kim Eng would like to ask for your cooperation to avoid placing buy/sell orders for securities in ways that may be deemed inappropriate and affect the overall stock, which contain the following details:

  1. Placing a buy/sell order for an equity at a price that is too high/low than it should be during the Pre-Open, or the Pre-Close, market until it affects the overall buy/sell condition and/or the SET index in order to control the equity price.
  2. Placing a buy/sell order for an equity at a price and volume that may match an opposite order placed earlier by the same client, or the same group of clients.
  3. Placing multiple buy/sell orders for an equity by sweeping bid/offer and doing it multiple times.
  4. Placing a buy/sell order for an equity and canceling the order when it is about to match and repeating this action many times without a truthful intention to actually buy/sell the equity to give others a false impression that there is a high demand (buy orders), or lack thereof (sell orders), for the equity.
  5. Placing multiple buy/sell orders for an equity in ways that will push the price higher/lower to give others a false impression that there are significant changes in the equity price.
  6. Placing orders to buy or sell securities at a price that is much higher or lower than they should be.

The SET will consider the frequency of client’s behavior, or the orders may affect the trading of the securities. Maybank Kim Eng sincerely hopes that you will cooperate with us. However, in case you are found to have placed inappropriate buy/sell orders for securities, Maybank Kim Eng reserves the right to withhold our service to your account or your buy/sell orders to be complied with the guidelines and requirements of the SET.

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