Process Flow

Main Activity

 

	1.Instrument Issuance :         1.1 The issuer of equity securities has to get an approval from the SEC          except private placement offering. The issuer in the latter case only reports          the result of private placement offering to the SEC.         1.2 The issuer assigns the guarantor and the registar.         1.3 The SEC applies to the TSD for ISIN code.
	2.Offering in the Primary Market :         2.1 Offering corporate debt securities can be done in 2 ways as follows;         - Private Placement Offering(PP) - the issuer may sell the corporate debt         securities by itself.         - Public Offering(PO) - selling to the public must be done by guarantors.         2.2 The issuer reports the result of corporate debt securities offering to the SEC.         2.3 Investors transfer the money through bank accounts for clearing and deposit         the custodian will deposit the securities to the TSD consequently (at a later stage).         2.4 The issuer is responsible for regular and ongoing disclosure so that investors         will have enough information to make an investment decision. A few examples of         disclosure are a report on the exercise of convertible securities, a report of         financial position, and a report of corporate performance.
	3.Trading in the Secondary Market :          3.1 The issuer submits an application-to-list to the SET or the MAI.          3.2 Investors are able to trade their equity securities by sending their buy/ sell          orders through brokerage companies.          3.3 Investors get paid/ get ownership of the traded securities through the TCH.
	4.Interest Payment:         4.1 The registrar as the representative of issuers pays interest to equity         securities holders.
	5.Maturity of Instrument :         5.1 In case the issuer goes bankrupt or defaults, the equity securities holders          will be get paid for their own part after the issuer pays all its debts.