Siam Commercial Bank

Awards 2005

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Thai banks have made considerable progress over the past year in developing their onshore derivatives business. Simple currency options offered by some local banks have started to emerge over the year, and the market in Thai baht forwards and swaps has also grown significantly.

So far, Thai baht currency options are mainly offered by foreign banks with the options book hedged and risk managed through the offshore forwards market in Singapore. However, some banks, such as Bank Thai and Thai M