Siam Commercial Bank (SCB) and PTT have closed a $48 million CCS (Cash on Delivery Service) deal with a 25-year term, setting a new record for the longest transaction between Thai organizations.

Siam Commercial Bank (SCB) and PTT have partnered to close a US$48 million USD/THB Cross Currency Swap transaction with a 25-year maturity. This marks the longest-term CCS transaction by a Thai organization and elevates the standards of the derivatives market while strengthening long-term financial risk management capabilities.

On August 25, 2569, Siam Commercial Bank Public Company Limited, represented by Mr. Thanapoj Paksuwan, Chief Corporate and Institutional Banking Officer , and PTT Public Company Limited, represented by Ms. Patralada Sangasaeng, Chief Financial Officer, entered into a USD/THB Cross Currency Swap (CCS) contract worth US$48 million with a 25-year term. This is the longest-term CCS transaction ever undertaken by Thai organizations.

The transaction structure is designed to meet customer needs and marks a joint celebration of PTT's 48th anniversary. This achievement reflects the financial innovation capabilities of both organizations in applying derivative instruments to enhance the long-term management of exchange rate and interest rate risk, while jointly raising standards and strengthening the Thai financial market sustainably.

This USD/THB Cross Currency Swap transaction, with the longest contract term in a large Thai organization, marks a significant step in utilizing derivative instruments for long-term exchange rate and interest rate risk management. This enables PTT to manage its financing costs and cash flow efficiently and improves the accuracy of liquidity management amidst global economic volatility.

PTT is the first organization to play a significant role in jointly elevating and establishing new standards for the Thai financial derivatives market for long-term transactions. Furthermore, what makes this USD/THB Cross Currency Swap transaction more significant than just financial risk management is the fact that Siam Commercial Bank designed the transaction structure to meet the specific needs of the organization. This marks another important milestone in their collaborative business operations, coinciding with PTT's 48th anniversary, reflecting their commitment to creating value beyond financial results and laying a solid foundation to support future growth.

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