From next year, the minimum fee for each general trading transaction will be set at 0.25 per cent of the total value, while the fee for trading on the Internet will be 0.15 per cent or 60 per cent of the charge that would apply to a general trading execution.

The second stage will start in 2010 with a sliding scale.

The fee will depend on the

value of daily trading transactions, which are divided into four

steps.

For transactions in which the value is not more than Bt1 million, brokerage firms can charge from a minimum of 0.25 per cent of the total value of the transaction.

The second step is for transactions in which the value is more than Bt1 million but not more than Bt10 million. The fee will begin from 0.22 per cent.

For transactions in which the value is more than Bt10 million

but not more than Bt20 million, the fees can start from 0.18 per cent.

For transactions in which the value is more than Bt20 million, the fee can be negotiable between investors and brokers.

For those who execute their trading transactions on the Internet, a sliding scale of charges is to apply.

They will be charged 60 per cent of the fee that would apply to a general transaction.

From 2012, the fees will be liberalised.

The current fees for general transactions - at least 0.25 per cent and 0.2 per cent for Internet transactions - were implemented in January 2002.

For the incentive scheme, besides considering purely the turnover volume, the performance of marketing staff will be evaluated on qualitative factors, including value-added initiative, expansion of customer base and cooperation in investigations.

After meeting with brokerage company members last week, the SET finally obtained this resolution and will propose these adjustment to the Securities and Exchange Commission for approval.