Seamico's Institutional Broking Department services corporate clients worldwide. These clients include some of the major global investment houses, brokers and fund managers. Our institutional broking clients are very diversified, providing Seamico with a wide source of information and opinions on the Thai market. Seamico offers the following benefits.

Independent
Seamico is Thailand's Leading Independent Broker(Finance Asia Magazine) not affiliated with any one specific international.

Confidentiality
Seamico institutional broking department accounts for over 6% of all foreign business transacted on the Thai market and over 10% of ther entire market. This ensures our clients orders are not apparent.

Quality Execution
Seamico aims to provide the best quality execution for foreign institutional business in Thailand.

English Proficiency
All Seamico's institutional staff are fluent in English.

Trading Ideas
Seamico's institutional clients receive daily information on the Thai market and specific trading ideas as and when opportunities arise. We aim to keep our clients fully up to date on market developments, providing good quality stock recommendations, trading ideas, and sending daily emails covering both the economic and corporate news.

Account Requirements
Applicants are required to submit the following documents :

(1)	Regulated Company's Documentation
	Required Documents for Opening a Securities Trading Account Securities Trading Application Form - Corporate Securities Brokerage Cash Agreement Custodianship Agreement Power of Attorney Two Specimen Signature Cards
(2)	Required Clients' Documentation
	A certified true copy CERTIFICATE OF INCORPORATION A certified true copy of MEMORANDUM AND ARTICLES OF ASSOCIATION A certified true copy of THE BOARD RESOLUTION A certified true copy of AUTHORIZD SIGNATORIES LIST A certified true copy of PASSPORT / ID OF AUTHORIZED PERSONS A certified true copy of AUDITED FINANCIAL STATEMENT OF CURRENT YEAR
	The whole documents, item 1-6, are to be notarized by the Notary Public if the following activities are required by the clients :
	Share Certificate Deposit Share Certificate Withdrawal Share Status Conversion (Local to Foreign / Foreign to Local / NVDR to Foreign) Others (if required by the Securities Depository Center / Registrar Center)

Commission
Seamico Securities PLC, as a fully licensed Thai Broker, is regulated by the Stock Exchange of Thailand, its brokerage commission offered at minimum rate of 0.25% on trading value for all regular orders and at the minimum rate of 0.20% on trading value for internet trading orders as per the Notification of the Stock Exchange of Thailand, Ref No. Kor Tor (Wor) 8/2545 dated January 11, 2002 with effective on January 14, 2002. All this, the whole brokerage commission amount will subject to add 7% VAT respectively. Please note that additional withholding tax of 10% on commission amount for Local Institutional Clients are subject to be absorbed by the broker and officially paid to the government by the client.

	Required Documents for Opening a Securities Trading Account
	Securities Trading Application Form - Corporate
	Securities Brokerage Cash Agreement
	Custodianship Agreement
	Power of Attorney
	Two Specimen Signature Cards

Statement
Statements of Account will be submitted to all active Clients during the month to the given address for checking and agreeing.

At the end of every 6th month closing (June 30, & December 31), our Statements of Account will be submitted to all stock available Clients again for checking and reconciliation.

	Right Issues
	Dividend
	Right of Voting
	Other Rights

Please also be understood and clarified the following situation :-

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 maximum of 49%, except those in the banking and finance sector which generally permits only a 25% foreign holding.

To ensure you are entitled to receive dividends and right issues, clients are advised to hold stock registered according to their ' Residential Status ' Foreigner should hold " Foreign Registered Stocks " whereas Thai should hold " Local Registered Stocks " However, in order to protect any benefits received by Foreigner who hold of Local Registered Stocks. Clients are advised to hold NVDR (Non-voting Depository Receipt), a new instrument, which protect for the Right Issues and Dividend, except the Right of Voting. (Please access for more information at the front page of our website at " New Feature - NVDR "

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 completed only when the foreign shareholding is available.

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. Conversion from foreign to local can be completed within one working day after notification. The conversion fee is Bht. 50.00 per application for each company. For more information on share conversion, please contact your Marketing Officer.

When Seamico is acting as a custodian, we will inform the securities registra, the Thailand Securities Depository Company Limited (TSD), the identities of shareholders as at the book closing date.

NVDR

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 in the SET.

	To eliminate foreign investment barriers, such as the foreign investment limits and the impediment for institutional investors.
	Investors will be entitled to receive financial benefits; i.e., dividends, right issues and warrants, in the same manner as they invested 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 specifying 'NVDR" in the Trustee ID Column 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.

	At any book closing date, Seamico will submit a Shareholder Report to the Thailand Securities Depository Co., Ltd. (TSD) accordingly. Clients are advised to hold stock registered according to their " Resident Status " before XD (X Dividend) or XR (X Right) posting dates. In other words, foreigners should hold either " foreign " registered stock or NVDRs whereas Thais should hold " local " registered stock.
	Foreign investors who long for voting rights are advised to hold " foreign " shares only.
	Securities trading must be conducted on the corresponding board only:-
	Securities Board Foreign Shares Foreign Board Local Shares Main Board (Local Board) NVDRs Main Board (Local Board)

Contacts

1. Primary Information
Primary company information and trading information, please contact our team :-

Local and Foreign Institutional Sales
	Vinitra Chaixanien Head of Institutional Sales Phone : (662) 695-5210 E-mail : vinitrac@seamico.co.th
	Rewat Kanithabhada Head of Institutional Sales Trader Phone : (662) 695-5202 E-mail : rewatk@seamico.co.th

2. Account Opening Application Submitting

Please send all duly completed Account Opening Documents to the following address for our further handling and will advise you soonest :-

3. More Information
To have more information, please contact our Customer Services at :-
Contact Person :

Research
Reseach, both economic and corporate is delivered daily by email and also available on our web site.