[Company Name] [Phone] [Website]...
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หนังสือชี้ชวนส่วนข้อมูลกองทุนรวม [Company Name] [Street Address, City, ST ZIP Code] [Phone] [] [Website] กองทุนเปิดกรุงไทยตราสารหนี้ระยะ 1 ถึง 3 ปี Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y สอบถามข้อมูลเพิ่มเติมและขอรับหนังสือชี้ชวนได้ที่ บริษัทหลักทรัพย์จัดการกองทุน กรุงไทย จำกัด ( มหาชน ) โทรศัพท์ 0-2686-6100 แฟ็กซ์ 0-2670-0430 Callcenter@ktam.co.th
Transcript of [Company Name] [Phone] [Website]...
[Phone]
[Website]
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
()
: KCT
1 2 3 4 5 6 7 8 8+
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(Q&A) 8 30 2564
()
P a g e 1 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1 3
Krung Thai 1Y-3Y Fixed Income Fund : KTFIX-1Y3Y
/ / ... ... (Portfolio Duration) 1 3 (Portfolio Duration) 1 3 30 / 30 / 10 (Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (non-investment grade) 4. (Unrated Securities) (non- investment grade) (investment grade)
P a g e 2 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
P a g e 3 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
*******************************
P a g e 4 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1. .
2. () “ . ”
- () - 0001-114-0050423 3. ()
“ . ” - () - 889-1-01226-1
4. () () () () () - () () () () () () () () () () () () () () () () () () () - () ()
P a g e 5 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
()
" . " / - () 153-6-09908-2 - () 3 777-0-04854-1 - () (3) 295-3-00099-9 - () 3 057-1-07543-1 - () - 195-3-05057-0 - () 028-1-05955-0 - () 114-3-00016-9
-
P a g e 6 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(2) 0.5
P a g e 7 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
3
(7) 5 ()
(8) 0.5
P a g e 8 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
6. ?
****************************** 1. ?
******************************
P a g e 9 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
151 ( 31 2563) 511,778,880,838.20 ( 31 2563)
2.
2
3
4
P a g e 10 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
7
8
9
3.
1 - Master of Science Program in Finance (International Program), Thammasat University - Bachelor of Art in Economics (International Program), Thammasat University
1. Krung Thai Asset Management Public Company Limited: June 2013 – Current
Position: Fund Manager / Investment Department
2. Kiatnakin Fund Management Company Limited: June 2011 – May 2013 Position: Fund Manager / Investment Department
3. Krung Thai Asset Management Public Company Limited: February 2010 – June 2011 Position: Fund Manager / Investment Department September 2008 – January 2010 Position: Assistant Fund Manager / Investment Department
4. MFC Asset Management Public Company Limited: September 2004 – August 2006
P a g e 11 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
Position: Investment Analyst / Investment Research and Strategic Department
2 - () - ( ) 2
1. , . 2. - . -
3. - . 4. () .
1
1. , . 2. , . 3. , 4. , 5. ,
1
2. , . 3. ,
() 4.
, . 5. ,
. 6. , . 7. , .
() 8. ,
(TDRI), .
2
P a g e 12 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
4. () 0 2111 1111 () 0 2638 8000, 0 2626 7000 () 0 2633 6000 () 0 2697 5454 () 0 2359 0000 0 2299 8000 - () 1159 () 0 2274 9400, 0 2276 1025 () 0 2648 3333 0 2223 2288 0 2863 8333 () 0 2659 7000 () 0 2696 0000 0 2672 5999 () 0 2231 8600 () () 0 2658 8888 () 0 2648 1111 - () 0 2841 9000 () 0 2857 7000 0 2343 9555 0 2633 6000 0 2949 1999 () 0 2217 8888 () 0 2287 6950 () 0 2231 3777 () 0 2831 8300 () () 0 2635 1700 () 0 2305 9000 () () 0 2363 6736 () 0 2263 5900 () () 0 2222 5900 () 0 2009 8000
P a g e 13 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
() () 0 2088 9999 0 2680 1111 () 0 2658 5800 0 2680 5000 0 2026 5100 0 2107 1664 0 2266 6697-8 0 2861 4820 544,545,546 0 2108 8666
5. () 1 32 10120 0-2686-6100 0-2670-0430
9 10900 : 0-2544-3935 : 0-2937-7783-4
7. , , ,
267/1 . 1 10800 . 0-2587-8080 0-2586-0301
******************************
P a g e 14 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
Q : ? - Website : www.ktam.co.th
******************************
P a g e 15 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
P a g e 16 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1. (2)
(3) 0.8025 0.40 0.41 0.40 (3) 0.077575 0.02 0.02 0.02 (3) 0.214 0.05 0.06 0.13 0.535
-
- - 0.14
: (1)
P a g e 17 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
() (1)
1.00
(1) (2)
P a g e 18 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1 3
P a g e 19 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1 3
port
1 3 30 2563
. BBB+ 4,233,077.54 . BBB+ 16,259,245.67 . A 22,605,936.60 . A 23,069,420.90 . A 12,616,471.48 . A 39,571,258.00 . A 118,933,196.34 . () A- 1,912,661.49 . BBB+ 6,947,103.95 . A 25,636,686.63 . A+ 11,392,165.00 . A 18,673,596.79 . A+ 94,884,118.79 . BBB+ 4,203,905.24 . () A- 6,774,467.62 . AA 31,306,324.02 . AA 6,328,877.27 . AA 4,688,065.67 . () A- 4,343,684.52
P a g e 20 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
port () 1 3
30 2563 . () A- 66,941,682.37 . () A- 61,844,474.65 . BBB+ 242,888,506.98 . A 4,326,964.23 . BBB+ 117,532,351.17 . A+ 23,607,305.10 . A+ 11,886,647.64 . A+ 23,644,062.52 . A- 6,238,573.73 . A- 24,031,138.32 . A+ 159,714,940.04 . A 68,286,010.52 . A- 8,839,249.17 . A- 15,708,482.61 . A- 23,983,018.32 . BBB+ 6,307,486.98 . ... A- 8,788,693.98 . BBB+ 30,138,170.10 . BBB+ 5,039,025.00 . BBB+ 101,084,952.36 . BBB+ 61,478,159.64 . A+ 11,774,089.90 . A- 4,294,056.65 . A+ 156,893,158.10 . A 5,843,071.96 . A+ 11,793,776.61 . BBB+ 20,485,911.34 . A- 22,911,902.46 . AA 172,302,971.86 . AA 187,658,727.65 . AA 202,646,719.38 . () A- 40,780,992.29
P a g e 21 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
port () 1 3
P a g e 22 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
port () 1 3
1 3
1 3 1 3
30 2563 1 3
website . http://www.ktam.co.th
1 3 1 2562 30 2563
PTR = 167.33%
P a g e 23 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(maximum drawdown)
1 3
/
YTD 3
6
1
3
5
10
KTFIX-1Y3Y 8 2557 11.6963 1.41% 0.48% 0.58% 1.78% 2.04% 1.95% N/A 2.30% Benchmark - - 1.74% 0.31% 0.54% 2.11% 2.26% 2.17% N/A 2.62%
- - 1.27% 0.25% 0.44% 1.22% 0.80% 0.74% N/A 0.70%
Benchmark = 70 1-3 30 Mark-to-Market A- 1-3 , 8 2563 Benchmark 1. 1 - 3 : 70.00% 2. Mark-to-Market A- 1 - 3 : 30.00% %
(SD)
%
2553 2554 2555 2556 2557 2558 2559 2560 2561 2562 KTFIX-1Y3Y N/A N/A N/A N/A 3.82% 2.48% 1.31% 2.32% 1.01% 3.53% Benchmark N/A N/A N/A N/A 3.89% 3.51% 1.59% 2.50% 1.44% 3.43%
N/A N/A N/A N/A 0.56% 0.65% 0.84% 0.31% 0.31% 0.57%
N/A N/A N/A N/A 0.42% 0.49% 0.42% 0.24% 0.35% 0.45% * 2557 % Benchmark = 70 1-3 30 Mark-to-Market A- 1-3 , 8 2563 Benchmark 1. 1 - 3
P a g e 24 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
: 70.00% 2. Mark-to-Market A- 1 - 3 : 30.00% %
-
1 : (single entity limit) (% NAV) 1 2
2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4.1 credit rating investment grade 4.2
20% ( 10%
credit rating national scale)
5 5.1 5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2
benchmark + 5%
P a g e 25 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(% NAV) 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9 5.3 5.4 credit rating investment grade 5.5 397 regulated market
6 6.1 credit rating* investment grade 6.1.1 reverse repo 6.1.2 OTC derivatives : * credit rating national scale
(1) 10% (2) benchmark + 5%
7 1 - 6 (SIP) 5% : single entity limit 1. 2. derivatives on organized exchange
P a g e 26 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
2 : (group limit)
(% NAV) 1
(% NAV) 1
( ) 1.1 1.2 1.3 1.4 1.5 ( reverse repo securities lending derivatives)
- 45% 1 - 6 1
25%
P a g e 27 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(% NAV) 2.3.1.1.1 2.3.1.1.2 filing 2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit) 2.3.1.1.3.2 2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2 2.3.1.2 397 regulated market 2.3.2 credit rating investment grade credit rating
3 reverse repo 25% 4 securities lending 25% 5 total SIP
5.1 7 1 : (single entity limit) 5.2 / (non- investment grade / unrated) ( regulated market regulated market public non-public)
15%
: product limit
derivatives (hedging)
P a g e 28 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
4 : (concentration limit)
( )
2 CIS - 1 3 CIS CIS
P a g e 29 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
- CIS (1) (2) 2 (3)
/ Tris Rating
P a g e 30 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
AA C (+) (-) (Default
Probability) (Recovery After Default) 1 5 T1
“” (CreditAlert) (Rationale) “” (CreditAlert Designation) “” (Rating Outlook) 3 (1) Positive () (2) Negative () (3) Developing ()
P a g e 31 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
Fitch Rating AAA (tha) Fitch
P a g e 32 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
P a g e 33 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(absolute correlation coefficient)
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
.
[Website]
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
()
: KCT
1 2 3 4 5 6 7 8 8+
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(Q&A) 8 30 2564
()
P a g e 1 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1 3
Krung Thai 1Y-3Y Fixed Income Fund : KTFIX-1Y3Y
/ / ... ... (Portfolio Duration) 1 3 (Portfolio Duration) 1 3 30 / 30 / 10 (Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (non-investment grade) 4. (Unrated Securities) (non- investment grade) (investment grade)
P a g e 2 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
P a g e 3 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
*******************************
P a g e 4 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1. .
2. () “ . ”
- () - 0001-114-0050423 3. ()
“ . ” - () - 889-1-01226-1
4. () () () () () - () () () () () () () () () () () () () () () () () () () - () ()
P a g e 5 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
()
" . " / - () 153-6-09908-2 - () 3 777-0-04854-1 - () (3) 295-3-00099-9 - () 3 057-1-07543-1 - () - 195-3-05057-0 - () 028-1-05955-0 - () 114-3-00016-9
-
P a g e 6 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(2) 0.5
P a g e 7 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
3
(7) 5 ()
(8) 0.5
P a g e 8 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
6. ?
****************************** 1. ?
******************************
P a g e 9 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
151 ( 31 2563) 511,778,880,838.20 ( 31 2563)
2.
2
3
4
P a g e 10 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
7
8
9
3.
1 - Master of Science Program in Finance (International Program), Thammasat University - Bachelor of Art in Economics (International Program), Thammasat University
1. Krung Thai Asset Management Public Company Limited: June 2013 – Current
Position: Fund Manager / Investment Department
2. Kiatnakin Fund Management Company Limited: June 2011 – May 2013 Position: Fund Manager / Investment Department
3. Krung Thai Asset Management Public Company Limited: February 2010 – June 2011 Position: Fund Manager / Investment Department September 2008 – January 2010 Position: Assistant Fund Manager / Investment Department
4. MFC Asset Management Public Company Limited: September 2004 – August 2006
P a g e 11 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
Position: Investment Analyst / Investment Research and Strategic Department
2 - () - ( ) 2
1. , . 2. - . -
3. - . 4. () .
1
1. , . 2. , . 3. , 4. , 5. ,
1
2. , . 3. ,
() 4.
, . 5. ,
. 6. , . 7. , .
() 8. ,
(TDRI), .
2
P a g e 12 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
4. () 0 2111 1111 () 0 2638 8000, 0 2626 7000 () 0 2633 6000 () 0 2697 5454 () 0 2359 0000 0 2299 8000 - () 1159 () 0 2274 9400, 0 2276 1025 () 0 2648 3333 0 2223 2288 0 2863 8333 () 0 2659 7000 () 0 2696 0000 0 2672 5999 () 0 2231 8600 () () 0 2658 8888 () 0 2648 1111 - () 0 2841 9000 () 0 2857 7000 0 2343 9555 0 2633 6000 0 2949 1999 () 0 2217 8888 () 0 2287 6950 () 0 2231 3777 () 0 2831 8300 () () 0 2635 1700 () 0 2305 9000 () () 0 2363 6736 () 0 2263 5900 () () 0 2222 5900 () 0 2009 8000
P a g e 13 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
() () 0 2088 9999 0 2680 1111 () 0 2658 5800 0 2680 5000 0 2026 5100 0 2107 1664 0 2266 6697-8 0 2861 4820 544,545,546 0 2108 8666
5. () 1 32 10120 0-2686-6100 0-2670-0430
9 10900 : 0-2544-3935 : 0-2937-7783-4
7. , , ,
267/1 . 1 10800 . 0-2587-8080 0-2586-0301
******************************
P a g e 14 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
Q : ? - Website : www.ktam.co.th
******************************
P a g e 15 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
P a g e 16 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1. (2)
(3) 0.8025 0.40 0.41 0.40 (3) 0.077575 0.02 0.02 0.02 (3) 0.214 0.05 0.06 0.13 0.535
-
- - 0.14
: (1)
P a g e 17 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
() (1)
1.00
(1) (2)
P a g e 18 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1 3
P a g e 19 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
1 3
port
1 3 30 2563
. BBB+ 4,233,077.54 . BBB+ 16,259,245.67 . A 22,605,936.60 . A 23,069,420.90 . A 12,616,471.48 . A 39,571,258.00 . A 118,933,196.34 . () A- 1,912,661.49 . BBB+ 6,947,103.95 . A 25,636,686.63 . A+ 11,392,165.00 . A 18,673,596.79 . A+ 94,884,118.79 . BBB+ 4,203,905.24 . () A- 6,774,467.62 . AA 31,306,324.02 . AA 6,328,877.27 . AA 4,688,065.67 . () A- 4,343,684.52
P a g e 20 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
port () 1 3
30 2563 . () A- 66,941,682.37 . () A- 61,844,474.65 . BBB+ 242,888,506.98 . A 4,326,964.23 . BBB+ 117,532,351.17 . A+ 23,607,305.10 . A+ 11,886,647.64 . A+ 23,644,062.52 . A- 6,238,573.73 . A- 24,031,138.32 . A+ 159,714,940.04 . A 68,286,010.52 . A- 8,839,249.17 . A- 15,708,482.61 . A- 23,983,018.32 . BBB+ 6,307,486.98 . ... A- 8,788,693.98 . BBB+ 30,138,170.10 . BBB+ 5,039,025.00 . BBB+ 101,084,952.36 . BBB+ 61,478,159.64 . A+ 11,774,089.90 . A- 4,294,056.65 . A+ 156,893,158.10 . A 5,843,071.96 . A+ 11,793,776.61 . BBB+ 20,485,911.34 . A- 22,911,902.46 . AA 172,302,971.86 . AA 187,658,727.65 . AA 202,646,719.38 . () A- 40,780,992.29
P a g e 21 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
port () 1 3
P a g e 22 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
port () 1 3
1 3
1 3 1 3
30 2563 1 3
website . http://www.ktam.co.th
1 3 1 2562 30 2563
PTR = 167.33%
P a g e 23 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(maximum drawdown)
1 3
/
YTD 3
6
1
3
5
10
KTFIX-1Y3Y 8 2557 11.6963 1.41% 0.48% 0.58% 1.78% 2.04% 1.95% N/A 2.30% Benchmark - - 1.74% 0.31% 0.54% 2.11% 2.26% 2.17% N/A 2.62%
- - 1.27% 0.25% 0.44% 1.22% 0.80% 0.74% N/A 0.70%
Benchmark = 70 1-3 30 Mark-to-Market A- 1-3 , 8 2563 Benchmark 1. 1 - 3 : 70.00% 2. Mark-to-Market A- 1 - 3 : 30.00% %
(SD)
%
2553 2554 2555 2556 2557 2558 2559 2560 2561 2562 KTFIX-1Y3Y N/A N/A N/A N/A 3.82% 2.48% 1.31% 2.32% 1.01% 3.53% Benchmark N/A N/A N/A N/A 3.89% 3.51% 1.59% 2.50% 1.44% 3.43%
N/A N/A N/A N/A 0.56% 0.65% 0.84% 0.31% 0.31% 0.57%
N/A N/A N/A N/A 0.42% 0.49% 0.42% 0.24% 0.35% 0.45% * 2557 % Benchmark = 70 1-3 30 Mark-to-Market A- 1-3 , 8 2563 Benchmark 1. 1 - 3
P a g e 24 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
: 70.00% 2. Mark-to-Market A- 1 - 3 : 30.00% %
-
1 : (single entity limit) (% NAV) 1 2
2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4.1 credit rating investment grade 4.2
20% ( 10%
credit rating national scale)
5 5.1 5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2
benchmark + 5%
P a g e 25 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(% NAV) 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9 5.3 5.4 credit rating investment grade 5.5 397 regulated market
6 6.1 credit rating* investment grade 6.1.1 reverse repo 6.1.2 OTC derivatives : * credit rating national scale
(1) 10% (2) benchmark + 5%
7 1 - 6 (SIP) 5% : single entity limit 1. 2. derivatives on organized exchange
P a g e 26 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
2 : (group limit)
(% NAV) 1
(% NAV) 1
( ) 1.1 1.2 1.3 1.4 1.5 ( reverse repo securities lending derivatives)
- 45% 1 - 6 1
25%
P a g e 27 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(% NAV) 2.3.1.1.1 2.3.1.1.2 filing 2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit) 2.3.1.1.3.2 2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2 2.3.1.2 397 regulated market 2.3.2 credit rating investment grade credit rating
3 reverse repo 25% 4 securities lending 25% 5 total SIP
5.1 7 1 : (single entity limit) 5.2 / (non- investment grade / unrated) ( regulated market regulated market public non-public)
15%
: product limit
derivatives (hedging)
P a g e 28 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
4 : (concentration limit)
( )
2 CIS - 1 3 CIS CIS
P a g e 29 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
- CIS (1) (2) 2 (3)
/ Tris Rating
P a g e 30 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
AA C (+) (-) (Default
Probability) (Recovery After Default) 1 5 T1
“” (CreditAlert) (Rationale) “” (CreditAlert Designation) “” (Rating Outlook) 3 (1) Positive () (2) Negative () (3) Developing ()
P a g e 31 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
Fitch Rating AAA (tha) Fitch
P a g e 32 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
P a g e 33 | (Q&A)
1 3 Krung Thai 1Y-3Y Fixed Income Fund KTFIX-1Y3Y
(absolute correlation coefficient)
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
... ... ... ...
1.2 ( Basel III) 30
2. 1. 2.1
2.3
()
2 : CIS 1. 1 2.1 2.3
3. CIS
3 : 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 9.
4 : (reverse repo) reverse repo 1. reverse repo 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9
2. reverse repo 2.1 credit rating investment grade
2.2 1
2.3 TSFC 270
2.4 90 credit rating 2.4.1 issue rating issuer rating issuer rating credit rating credit rating 2.4.2 guarantor rating investment grade
2.5 1 credit rating 2.5.1 credit rating 2 credit rating credit rating CRA 2.5.2 credit rating 3
2.6 1 credit rating 2.6.1 credit rating 3 credit rating credit rating CRA 2.6.2 credit rating 4
2.7 ...
3. reverse repo 90
4. reverse repo 4.1 TBMA TSFC
4.2 4.2.1 reverse repo 4.2.2 repo
4.4 4.4.1 ( reverse repo x (1 + discount rate)) 4.4.2 4.4.1 reverse repo 4.4.1 4.4.3 4.4.3 4.4.1 reverse repo x (1 + discount rate) 5 5% (counterparty risk) 4.4.2
4.5 reverse repo 4.4 4.5.1 reverse repo 4.5.2 reverse repo 4.4.2 () reverse repo
4.6 discount rate
5 : (securities lending) 1. (SBL) 1.1 (SBL) 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1 1.10 1.11
2.
3.1.4 TSFC 270
3.1.5 90 credit rating 3.1.5.1 issue rating issuer rating issuer rating credit rating credit rating 3.1.5.2 guarantor rating investment grade
3.1.6 credit rating investment grade
3.1.7
3.1.9
3.5 3.5.1 3.5.2 3.5.2.1 3.5.2.2 TSFC 270 3.5.2.3 90 credit rating 3.5.2.3.1 issue rating issuer rating issuer rating credit rating credit rating 3.5.2.3.2 guarantor rating investment grade 3.5.3 3.5.4 reverse repo
4.
derivatives underlying (spot price) (futures price) underlying underlying
2. derivatives 2.1 derivatives underlying derivatives
2.2 derivatives 2.2.1 derivatives on organized exchange 2.2.2 OTC derivatives derivatives derivatives
2.3 derivatives
3. underlying derivatives underlying 1.4 1.5 3.1 underlying underlying
3.2 3.2.1 3.2.1.1 20% 3.2.1.2 35% 3.2.1.1 3.2.1.1 3.2.1.2 3.2.2 3.2.1 3.2.2.1 3.2.2.2 (pro rata) single entity limit
3.3
3.5
5. derivatives underlying derivatives ...
6. OTC derivatives OTC derivatives 6.1 derivatives 15 6.2 derivatives derivatives 6.3 derivatives
7. credit derivatives 7.1 credit derivatives
7.2 credit derivatives 7.2.1 Credit Default Swap : obligation obligation credit event ( credit event ) obligation (Single Name Credit Default Swap) obligation credit event obligation (First to Default Swap) credit event obligation obligation credit event obligation (Proportionate Credit Default Swap)
7.2.2 Total Rate of Return Swap : () () credit event ( credit event)
7.3 International Swaps and Derivatives Association (ISDA) 7.3.1 7.3.2 credit derivatives 7.3.3
7 ... 1 6 ...
3.13.2. :
3.14. :
(% NAV) 1
2 2.1 credit rating 2
2.2 credit rating investment grade 2
35%
4 4.1 credit rating investment grade 4.2
20% ( 10% credit rating national scale)
5 5.1
5.2 5.2.1 5.2.2 filing 5.2.3 397 5.2.1 5.2.2 5.2.3.1 5.2.3.2 5.2.3.3 5.2.3.4 5.2.3.5 5.2.3.6 5.2.3.7 5.2.3.8 5.2.3.9
5.3
5.5 397 regulated market
benchmark + 5%
6.1.1 reverse repo
6.1.2 OTC derivatives
7 1 6 (SIP) 5%
: single entity limit 1. 2. derivatives on organized exchange
2 : (group limit)
(% NAV)
1
: group limit 1. 2. derivatives on organized exchange
3 : (product limit)
(% NAV)
1 ( ) 1.1
1.2
1.3
1.4
2
2.2 12
2.3 total SIP 5
2.3.1 2.3.1.1 2.3.1.2
2.3.1.1
2.3.1.1.1
2.3.1.1.3 397 2.3.1.1.1 2.3.1.1.2 2.3.1.1.3.1 5.2.3.1 – 5.2.3.9 5 1 : (single entity limit)
2.3.1.1.3.2
2.3.1.1.3.3 2.3.1.1.3.1 – 2.3.1.1.3.2
2.3.2 credit rating investment grade credit rating
25%
5.1 7 1 : (single entity limit)
5.2 / (noninvestment grade / unrated) ( regulated market regulated market public nonpublic)
15%
7 CIS 20%
: product limit
1.1 1 3 (financial liability) ( ) 1 3 filing (bond issuance program)
1.2 credit rating investment grade credit rating 1 3 filing (bond issuance program)
( 1.2 1. 2. 3. 4. 5. 6.
7.
11. 1. – 9.)
2 CIS 1 3 CIS CIS
CIS
(1)
(3)
4.1. :
4.2. :
5.2. :
5.2.2. 5.2.2.1 () 10 () “ ” “” ( ) ( ) 15.30 .
5.2.2.2 (Internet) (Internet) (Internet) ...
5.2.2.3 (Internet) (ATM) (Telephone Banking) ( )
5.2.4 5.2.4.1 () ()
“ 1 3 ” “ . ” /
( TR)
() () ()
15
5.2.4.2 (Internet) (Internet) ()
5.2.4.3 (Internet) (ATM) (Telephone Banking) ()
5.2.5 ... “ ”
5.2.7 (1) 35 35 50,000,000 () 1 ()
(2)
6.2.1 () 6.2.9“”
6.2.2
6.2.3 6.2.3.1
6.2.4 6.2.4.1 () ()
()
6.2.4.2. (ATM) (ATM) (ATM) (ATM) (ATM) (ATM)
(ATM) (ATM)
3 ()
3. “ ” ()
6.2.4.5 (Internet) (Internet) ()
6.2.5 6.2.5.1 () “ 1 3 ” “ . ” /
() () ( )
6.2.5.2. (ATM) (ATM) “ 1 3 ” /
6.2.5.3. (Telephone Banking) (Telephone Banking) “ 1 3 ” /
6.2.5.4 “ 1 3 ” /
6.2.5.6 (IVR) (Internet) ()
6.2.5.7. ()
6.2.6 5 4 5
... “ ” (Pro Rata)
6.2.8
) 10 ) ... )
6.2.9 30 () 15.30 .
/ ( )
6.3. :
7.4.2 ()
" "
4 5
8. :
8.1. :
9.
8.2.1.2 (Internet) ()
8.2.3 30 () 15.30 .
9. :
(1) (2) (3) (4)
3. /
1. (1)
(2) () () () () () () 1
(3) () 10 () ()
(7) 5 ()
3. 0.5
12. :
13. :
14. :
15.2. :
15.2.3. :
// : 0.214
/ :
1 3
()
1 3
5
()
...
1. (speculate)
4.
“ ”
“”
3. B/E P/N
“ ”
“ derivatives”
2. derivatives
“ CIS”
1.
2. CIS
“B/E” (Bill of Exchange)
“benchmark”
“CIS operator”
1. .
“concentration limit”
“counterparty limit”
“credit derivatives” derivatives (credit event)
“credit event”
“credit rating” CRA
“derivatives”
“discount rate”
“group limit”
“guarantor rating”
“IPO” (Initial Public Offering)
“issue rating”
“issuer rating”
“national scale” credit rating
“NAV” (Net Asset Value)
“net exposure”
“OTC derivatives” derivatives derivatives
“P/N” (Promissory Note)
“portfolio duration”
“product limit”
“repo” (repurchase agreement)
“retail MF” (retail Mutual Fund)
“reverse repo” (reverse repurchase agreement)
“SBL” (Securities Borrowing and Lending)
“SIP” Specific Investment Products
“TSFC” . (Securities Finance Corporation)
“underlying”
1.1. () : 1 3
1.2. () : Krung Thai 1Y3Y Fixed Income Fund
1.3. : KTFIX1Y3Y
1.4. :
1.8. () :
1.11. :
2.1. : 50,000,000,000.00
2.2. () :
2.4. : 5,000,000,000.0000
2.6. : :
2.7. : :
2.8. : :
2.9. : :
2.10. : :
2.11. : :
2.12. :
3.1. :
3.6. (Derivatives) : 3.6.1 : (Hedging)
3.7. (Structured Note) :
3.8. (Management Style) : (active management)
3.9. / (Benchmark) :
2. MarktoMarket A 1 3 (%):30.00 :
:
/ ... / /
(Hedging) / (Reverse Repo) ... ... 1. (Derivatives) (efficient portfolio management) 2. (Structured Note) 3. (noninvestment grade) 4. (Unrated Securities)
(noninvestment grade) (investment grade)
3.12. :
3.13.1. :
.