Reuters establishes Thai guidelines
NEWS
The new rules require offshore banks purchasing baht from onshore dealers to make a 30% interest-free deposit if the trade does not meet BoT specified purposes such as investment in equities and current account activities.
The result of the regulation was that offshore banks pulled lines from onshore dealers over Spot Matching, of which there are 15. As such, the platform went live last Monday (May 7) with a separate onshore and offshore market for trading USD/THB over Spot Matching.
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