Derivatives Investor Protection Fund (DIPF)
The Derivatives Investor Protection Fund, or DIPF, is a fund established by Thailand Futures Exchange Public Company Limited and certain member companies of Thailand Futures Exchange (brokers) that are registered as members of the Fund to ensure investors who trade derivatives through brokers who are members of the Fund that their property under the care of Fund's member brokers will be protected. Investors will be indemnified by the Fund under the criteria specified by the Thailand Futures Exchange.
Investors who are entitled to indemnification by the Fund are investors who are Thai natural persons, and juristic persons registered for incorporation in Thailand that are not institutional investors under the Derivatives Act B.E. 2546 (2003). Such indemnification may be in the form of cash or property traded on the Thailand Futures Exchange if the investor does not receive the property deposited with the Fund's member broker back in one of the following cases:
The Fund will indemnify each investor in accordance with the actual damage, but not exceeding Baht 1 million per investor per event covered, on a case-by-case basis.
The Fund will provide available coverage for investors immediately after such investor opens a trading account with a Fund's member broker, without the investor having to apply for the coverage or pay any fees. Coverage will be effective as long as the broker is still a member of the Fund.
Procedures for Requesting Protection
If it appears that a Fund's member broker fails to return property to an investor as such member is subject to absolute receivership, or such member does not comply with an award of the arbitrator ordering the member to return the property to the investor, the investor may, by the method specified, file a request for coverage together with evidence to the Member Supervision Department, the Stock Exchange of Thailand. The investors can be confident in the transparency and fairness of the Fund's mechanism in providing coverage through the Exchange.
Relevant Rules and Regulations
Regulation Chapter 1100 Derivatives Investor Protection Fund
Notification Re: Rights and Duties of Fund Members
Notification Re: Fund Sub-Committee
Notification Re: Rules and Procedures for Requesting Investor Protection and Payment of Compensation to Investors
List of Fund's member brokers
The Fund protects only customers specified by the Fund and are customers of the Fund's member brokers. Therefore, investor, please review the list of Fund's member brokers or DIPF logo in the office or on the documents of the broker with whom the investor contacts for the benefits of receiving protection from the Fund.
For more information, contact SET Contact Center Tel. +662 009 9999, E-mail : SETContactCenter@set.or.th or the broker with whom you opened a trading account.
SET Contact Center