SGX and SET to launch Thailand-Singapore Depository Receipts Linkage

SGX and SET to launch Thailand-Singapore Depository Receipts Linkage
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SINGAPORE (Sept 15): Singapore Exchange (SGX) and The Stock Exchange of Thailand (SET) have on Tuesday, Sept 14, announced the introduction of the Thailand-Singapore Depository Receipts (DR) Linkage, the first exchange-level depository receipts (DR) cooperation in ASEAN.

Under the Thailand-Singapore DR Linkage, DRs representing shares in an SGX-listed security will be issued for trading on SET and vice versa. 

Investors in Thailand and Singapore will be able to buy and sell securities via a DR through their local broker arrangements and in their domestic currency. The DRs will...(click on link for full story on theedgesingapore.com)