PHILLIP SECURITIES THAILAND
Learning center | e-Dividend
  What is e-Dividend ?

 

 
e-Dividend is a free service that enables direct payment or credit of dividend payments into shareholders' bank accounts. Net dividends will be credited directly into the nominated bank accounts of shareholders on the dividend / interest payment date. Confirmation letter of the dividend / interest payment and withholding tax certificate is then sent to the shareholders.

 
  Benefits of e-Dividend
 
  • Easier, Quicker and More Secured. Ideal for your already hectic life,
  • Easier, no need to go to the bank. Service is free.
  • Quicker, dividends received instantly on payment date.
  • More Secured and higher confidence, reduces problems of lost or delayed cheques as a result of postal delivery mishaps. Dividends are still received regardless of your change of address.
  • For investors in other provinces, less time required and no banking fees for cheque clearance across provinces.
  • Receive dividend payment letter and withholding tax certificate as confirmation.

 
  Terms and conditions
 
  • Banks designated as receiving banks must be domestic branches only.
  • Investors must use savings or current account only.
  • The service is provided only for dividend / interest paid by issuing companies who have join the e-Dividend Program. Name list of these companies can be viewed from TSD website List of the Company that join e-Dividend program
  • If you wish to alter your shareholder information: title, name, surname, nationality and address, you have to submit an application for alteration of shareholder information. Download here
  • You can change the condition in receiving the dividend/interest both from crediting bank account to physical cheque or renew bank account by submitting TSD the notification letter together with the additional evidence.


 
  To apply for an e-Dividend service please prepare and submit documents as follow :
 

1. Notification Letter for Payment of Dividend/Interest to Bank's Account Download here

2. Copy of front page of bank account (savings or current accounts only) that shows the investor's name. Join account is acceptable.

3. Other documents required to be submitted are :
     - for Individual Person

  • Copy of the security owner's identification card or
  • Copy of other cards, house registration certificate (which shows the name and identification number of the security owner) or
  • Copy of alien certificate or passport (for foreigners)

     - for Juristic Person

  • Copy of Affidavit issued by Ministry of Commerce within the past 12 months and
  • Copy of the identification card of the director empowered as signatory.

4. There are two ways to send your e-Dividend service's request.
      4.1 You can mail your request together with the documents required by the TSD to:


Thailand Securities Depository Co., LTD.
62 The Stock Exchange of Thailand Building 4th Floor,
Rachdapisek Road, Klongtoey, Bangkok 10110 Thailand.

      4.2 Submit your request to TSD through your brokerage firm.

 
:(Remark

: Once you have applied for an e-Dividend service, it is applicable nationwide.
: TSD will start paying dividend or interest to the security holder's bank account after TSD has received the request letter. Request must be received not less than 5 working days prior to the book closing date.)


 
List of Banks Designated as Receiving Bank (Domestic branches only)
 • ABN-AMRO N.V.  • JPMORGAN CHASE BANK, BANGKOK BRANCH
 • BANGKOK BANK PCL.  • KASIKORNBANK PCL.
 • BANK OF AMERICA NATIONAL ASSOCIATION  • KRUNG THAI BANK PCL.
 • BANK OF ASIA PCL.  • MIZUHO CORPORATE BANK,LTD.
 • BANK OF AYUDHAYA PCL.  • SIAM CITY BANK PCL.
 • BANKTHAI PCL.  • SIAM COMMERCIAL BANK PCL
 • CALYON  • STANDARD CHARTERED BANK
 • CITIBANK N.A.  • STANDARD CHARTERED NAKORNTHON BANK PCL.
 • DBS THAI DANU BANK  • SUMITOMO MITSUI BANKING CORPORATION
 • DEUTSCHE BANK AKTIENGESELLSCHAFT  • THE BANK OF TOKYO-MITSUBISHI, LTD
 • GOVERNMENT HOUSING BANK  • THANACHART BANK PCL.
 • GOVERNMENT SAVING BANK  • TMB BANK PCL.
 • HONGKONG & SHANGHAI CO., LTD  • UOB RADANASIN BANK PCL.
 • INTERNATIONAL COMMERCIAL BANK OF CHINA  
 

Last updated: 5 August 2005

 


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