Here comes the opportunity for Thais to invest in mutual funds around the world in more than 50 countries through "Fund Connect".

Mr. Pakorn Peetathawatchai Director and Manager The Stock Exchange of Thailand (SET) revealed that the central platform for mutual funds FundConnext, which has been servicing Thai mutual funds since 2016, has begun connecting with Vestima's Clearstream Banking S.A.'s global fund trading platform since 23 September 2019.

In this regard, it will be easier to encourage investment in and out of Thailand in the borderless world, where (1) foreign investors from more than 50 countries invest in more than 1,400 Thai mutual funds with a total value of over 4.01 trillion baht. And (2) Thai people will have the option to invest in a world class fund conveniently via an automated connection system. No different from investing in a Thai mutual fund

"The Stock Exchange of Thailand Determined to develop the capital market infrastructure, open the world without borders investment And fully enter the digital age For the people to access investment conveniently and confidently with an efficient system. It is also the first system in Thailand that uses the ISO 20022 standard, an international standard that financial institutions around the world use to communicate with each other, "Mr Pakorn said.

According to Bernard Tunker, Clearstream Banking Fund Services Limited's director, Clear Stream currently has more than 190,000 funds across the globe. The link to the FundConnext system is compliant. Adapt to the strategy of expanding the network to cover funds in Asia. Is a gateway for investors from all over the world to access Thai mutual funds.

Mrs. Lisa O'Connor, Managing Director, Capital Markets and Standards For the Asia Pacific region, Swift Company Limited said that Swift is pleased that the Stock Exchange And the clear stream has adopted the international standard ISO 20022 and SWIFTNet system for the first time in Thailand. Financial sectors around the world have been using the ISO 20022 standard for over 10 years, which facilitates financial transactions between institutions. Supports a wide range of messages and lots And use to process orders and pay prices automatically (straight-through processing)

Mr. Palakorn Wanglee, President and Chief Executive Officer Standard Chartered Bank (Thai) Public Company Limited revealed that the Bank is very pleased to cooperate with the Stock Exchange of Thailand. And clear the stream to expand the FundConnext platform to invest in cross-border funds. Believe that this cooperation will help upgrade the Thai mutual fund industry to grow with quality and sustainability

About Clearstream

ClearStream is a world-class international securities depository under the German stock exchange group, the largest stock exchange in Germany. With headquarters in Luxembourg The clear stream provides post-market infrastructure services for European debt securities. And comprehensive securities services in 58 countries around the world. It is one of the largest securities depository and delivery services in the world, with securities worth up to 14 trillion euros.

About Swift

Swift Company Limited (SWIFT) is the world's leading provider of secure financial messaging and messaging. Owned worldwide by members, SWIFT has a financial messaging and messaging platform. And establishing communication standards As well as a variety of products and services for members Connect with bank Entrepreneurs in the capital market Infrastructure agency, financial sector And over 11,000 corporate customers in more than 200 countries