|Type of Account|
|Clients who wish to open Cash Account are required to submit the past 3-month-financial statement. After that, the company will grant them the approved credit line subject to their statement shown, which is normally equal to 1 time of their assets.|
|Prior to trading, clients have to deposit the collateral at least 15% of the credit line according to the SET’s regulation. The collateral can either be cash or securities. For example, if the approved credit line is THB 1,000,000, a client is required to deposit THB 150,000 into Stock Trading Account with Globlex. If the client fails to wire the said amount into the account, his Purchasing Limit will be undercut accordingly. In other words, our trading system will automatically calculate the Purchasing Limit in correlation with the actual collateral remaining in the account. However, please be advised that the Purchasing Limit will be not exceeding the approved line.|
|The settlement term is three days after trade day (T+3) and will be automatically made through clients’ bank account as per your consent when opening account. Buying stocks on Monday, the company will debit your bank account on Thursday and the selling likewise.|
The SET stipulates that trading transaction in Cash Account must be settled by Automatic Transfer System (ATS) only. We offer you with 6 major banks for your alternative: BBL, UOB, KTB, SCB, KBANK, TMB, BAY and NBANK. Simply choose one at your most convenience.
The commission charge for trading stocks online in this account is fixed at 0.20% of the trading value.
|2.||Cash Balance Account|
This account is designed for clients who do not wish or are unable to submit any financial statement and not qualified to open Cash Account; for example, university students, young workers who just start their careers and foreigners who are non-Thai residents.
With this type of account, your buying limit will be in line with the cash balance remaining in your stock trading account with Globlex. Hence, you will only be eligible to place a purchasing order via our online trading system after remittance the initial deposit. However, there is no minimum requirement for the cash deposit.
Purchasing Limit in this account is subject to the remaining cash balance. Before buying stocks, clients must have sufficient Purchasing Limit. In the same manner, before selling, clients must have enough outstanding stocks to support the sales. Please be noted that there is no approved credit line and short sales is not permitted in this type of account.
|After placing a purchase order, your buying limit will be deducted immediately, with equivalence to the buying value. And if the order is cancelled or not executed, the system will respectively credit the deducted amount into your account resulting to the increasing of your buying limit promptly.|
|For sell order, once executed in the SET, the system will automatically credit the sell value and update your buying limit right away.|
Settlement for every transaction is based on T+3 basis (three working days after trade day).
For buying, on trading day, the system will decrease your buying limit right away to protect you from duplicate line usage. On T+3, the settlement for a purchase order will occur by debiting the cash balance available in clients’ stock trading account.
For sales proceeds, on trading day, the system will increase your buying limit once the sell order is executed in the Exchange; while, the settlement will occur within 3 days later. On that day, the system will credit the money, equivalent to the sell value, into your stock trading account.
The commission charge for trading stocks online in this account is fixed at 0.15% of the trading value.
Account Opening Requirements
|1.||Fill in your personal date in “Account Opening Form”. Please specify your User ID, Password and click “Submit”.|
|2.||The Account Application will be sent to your specified mailing address as specified. In case you have a printer to download and print it out, on our homepage, just direct to “Forms” and choose “Online Trading Account”.|
|3.||Fill in as much as possible and sign everywhere as per specified.|
|4.||Required personal documents are as followings:|
Cash Balance Account
|5.||Sign your signatures on every single page of the above personal documents and send us along with the account application to:|
| Globlex Securities Co., Ltd.|
87/2 All Season Place, 12/F
Wireless Rd., Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Or contact our bi-lingual eTrading staff:
Tel: (66) 2-672–5959
|We could ensure you that once your online trading account is established, we will notify you promptly via an email.|