Page 66 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Furthermore, the asset management companies can raise funds by (A) loan from domestic and foreign sources,
(2) issuing shares and debentures according to the securities and exchange laws or other bonds as permitted by BOT.

Business of the Asset Management Company
The businesses of the asset management companies are as follows:
Bangkok Commercial Asset Management Public Co., Ltd.
(A) Purchasing or accepting transfer of NPLs of the financial institutions or assets of the financial institutions,
that are suspended for operation, canceled, or withdrawn a license for operation of a commercial bank,
capital business, credit foncier business, as well as collaterals of such assets for management and distribution.
(B) Providing NPLs management services to financial institutions or assets of the financial institutions that are
suspended for operation, canceled or withdrawn a license for operating the business of a commercial bank,
capital business or credit foncier business as well as collaterals of that asset.
(C) Purchasing or accepting transfer of NPLs of the financial business operators, as well as collaterals of such
asset for further management or distribution.
(D) Providing NPLs management services to financial business operators and collaterals of such assets.
(E) Giving advice to debtors, financial institutions or financial business operators in debt restructuring and
operations related to such counseling.
(F) Other businesses related to or involved with the similar businesses to (A), (B), (C), (D) or (E), in accordance
with the notification of the Minister of Finance approved by the cabinet.

According to the notice of BOT, the asset management companies may operate any necessary works for Managing
NPLs to restore the debtors purchasing or accepting transfer from the financial institutions such as debt restructuring,
a compromise agreement or debt composition agreement making, or shareholding in a Company from the debtors
settling debts.

Limitation of charged interest rate
The asset management companies may charge interest from the debtors according to the existing agreement,
not exceeding the interest rate as of the date of transfer acceptance (under a condition that if the existing agreement
determines interest at floating rate, with no basis for calculation of the existing financial institution, such rate shall not
exceed the interest rate specified by BOT). However, in case the asset management companies allow debtors under
the existing agreements to borrow loans, the asset management companies may charge interest at the rate agreed
upon with the debtors, and such rate shall be lawful and not exceed the interest rate specified by the BOT. Meanwhile,
in case of debt default, the default interest rate may be charged at not exceeding 3% per annum above the maximum
normal interest rate chargeable according to the agreements.

Tax effect
Exemption of fee and tax from NPLs transfer acceptance from the financial institution
The emergency decree on asset management Company defines the asset management companies to be
Exempted for fees and taxes arising from asset transfer acceptance from the financial institutions as announced by the
cabinet in the government gazette, and it may be general or specific.