The world financial crisis in 2008 partially caused by limited information in financial securities raised the awareness in having complete set of information of financial securities. Especially those countries heavily involving in cross-border securities transactions, the lack of information led authorities underestimate sizes of the contagion and slowly react. Thus the Bank of International Settlement (BIS), the European Commission Bank, the International Monetary Fund, and the World Bank have cooperated to decide the standard set of securities information template, and the BIS is the main correspondent to whom the central banks submitted countries’ securities information and leads the role of monitor global financial securities movement.

    The Bank of Thailand has been collecting securities database extensively after the repurchase market at the BOT closed in February 2008, in order to continue monitoring repurchase transactions in the bond market and then extend the coverage in order to support broader economic analysis for the effective monetary policy implementation. At present, Thailand’s segregated financial securities information has been collected by many supervisory bodies depend on their roles and responsibilities. Thus from these authorities, the BOT need to patch up the information, such as issuing, registering, trading and depositing data from various sources and also with variety of standards, definitions and reference code. In order to have the complete picture of country’s financial securities. The Bank of Thailand (BOT) called for cooperation between  the Securities and Exchange Commission (SEC), the Public Debt Management Office (PDMO),The Stock Exchange of Thailand (SET), The Thai Bond Market Association (ThaiBMA)  to use the securities data standard reference that get along with the international communities,so that the data can be linked and exchanged between agencies easily, which will reduce overall cost of data collection. This multilateral cooperation is set up in the form of the Thailand Financial Instrument Information Center (TFIIC), which is included in the capital market development master plan under the 4th mission: “Develop efficient infrastructure framework in legal, regulations, accounting, tax information, technology and enforcement”.

     The TFIIC is the project driven by steering committee comprise of top executives of five mentioned agencies. The memorandum of understanding in setting up the center was signed on December 21, 2010. The role of the center is to collect and disseminate the useful and timely international standard securities information within confidentiality and legal jurisdiction. The TFIIC will provide information of all financial instruments to the public to ensure that the multilateral agencies have agreed upon developing of the most important information infrastructure of Thailand.