Singapore Exchange (SGX) and The Stock Exchange of Thailand (SET) have, on 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 trade according to their respective home market rules and regulations. 

According to SGX and SET, the collaboration meets rising demand from market participants in both countries for more choice in their investments, playing to the respective sectoral strengths such as REITs in Singapore as well as fast-growing companies in Thailand. The exchanges expect to introduce the first DR of the linkage in the coming 12 months. 

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