B. Cash account
There are two types of cash accounts in Thailand, i.e. Cash account and Cash balance account. Cash account is for safekeeping cash and securities. Cash balance account is used as cash collateral for settling trades. In common practice, client can place buy orders available cash in cash account must be more than 20% of total order amounts, OR available cash in cash balance account must be more than 100% of total order amounts. Concept of “Buying Power” is quite different between Thailand and Japan and we should determine how those two accounts will be used in SBITO.
Customers can deposit cash using E-payment from 5 banks real-time basis. If customers want to deposit cash from other banks, they may remit cash to a broker’s bank account and then the received cash should be reconciled against receiving instructions manually. As the matching / reconciliation process is costly, we should consider posing some charges receiving cash other than E-payment.
Cash receipt notification letter will be unnecessary. E-mail notification is sufficient.
In case of cash withdrawal, we should allow customers to use the bank account which is registered upon account opening, i.e. same account used for ATS. This is because there will be certain risks to allow customers to freely instruct cash transmission to a bank account without pre-registration.