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Unitization

          To further develop the provident fund industry and to provide more benefit for members, the office of the Securities and Exchange Commission (SEC) initiated and enforced the principle of “unitization” in 2003. Provident fund must record and report member of his/her net asset value in terms of number of units and unit value. At the introduction stage, provident fund must firstly specify unit price at 10 baht and must set at least one trade date in a week to continually updated unit value.

          Example:
          Monthly Contribution                                              =          10,000.00 baht
          Unit Value                                                                 =                 10.25 baht

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Last update : March 31, 2006

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