| Author | Somkit Chamarerk |
| Call Number | AIT RSPR no. SM-99-40 |
| Subject(s) | Asset-backed financing--Thailand
|
| Note | A research study submitted in partial fulfillment of the requirements for the degree of
Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | In 1997 there was a signal of financial crisis in Thailand, many companies have
been inevitably effected. The governments have tried to control this problem and estimated
that securitization may be an alternative among others to solve the liquidity problem.
Securitization has been foreseen by the earlier government since B.E.2523 but the
development process is at slow pace. The two Emergency decree have been introduced in
B.E.2540 to promote securitization in Thailand but it seems still some problem in the
interpretation and ambiguity with other law and Regulations which make it is so difficult to
implement. There is also other issues which are also important to the securitization
development such as the Tax issues, Accounting Issues, Economic Condition and Investor
Base in the local debt market. At present the securitization that implemented by Thai
Originators have been done successfully only 3 transactions out of 4 transaction and they were
not fully maketing in local markets. All of them were offshore securitization.
There is still ambiguity in implementing securitization although there are laws and
regulations issued by government. Taxation is also another issue. There is still cannot apply
the tax-exempt to securitization because the regulation is not broad enough.
Although it is quite complex to nurture securitization, but it is an important longterm
measure, that can strengthen the financial system and to mobilize capital in Thailand. |
| Year | 1999 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Gupta, Jyoti P.; |
| Examination Committee(s) | Tang, John C. S.;Buchel, Bettina; |
| Scholarship Donor(s) | Asian Institute of Technology Partial Scholarship; |
| Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 1999 |