INTERNATIONAL: SGX Group to Launch Depository Receipts Under DR Linkage with SET

Wednesday May 24 2023

On 23^rd May 2023, Singapore Exchange (SGX Group) announced that it will be launching a new product, Singapore Depository Receipts, (SDR) under the Thailand-Singapore DR Linkage on 30^th May 2023. A Memorandum of Understanding (MoU) will also be signed to mark the partnership between SGX Group and the Stock Exchange of Thailand (SET) on the DR Linkage. This is the first exchange-level Depository Receipts (DR) cooperation in the Association of Southeast Asian Nations (ASEAN), demonstrating an important step forward in enhancing regional connectivity. This collaboration leverages the strengths of two well-established exchanges to promote more joint investment and business opportunities for both exchanges and their market participants. 

SGX Group is introducing SDR to provide Singapore investors with more efficient access to regional markets. Investors can trade SDR via their local brokers, gaining greater exposure to overseas listed securities, and enjoy more convenience of trading through their usual platform. These SDR will trade on SGX securities market during local trading hours and in Singapore dollars. 

The inaugural SDR are issued by Phillip Securities Pte Ltd and represent the beneficial ownership interest in the underlying securities of Airports of Thailand (AOT), CP All (CPALL) and PTT Exploration & Production (PTTEP), which are constituents of the benchmark SET50 Index. 

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