been altered, the trust shall not be affected unless the trust instrument provides otherwise. Division 3 Amendment to Trust Instrument and Alteration of Trustee _____________________ SECTION 20 An

trust has been altered, the trust shall not be affected unless the trust instrument provides otherwise. UNOFFICIAL 5 Division 3 Amendment to Trust Instrument and Alteration of Trustee

achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility

and manage risks associated with market volatility. In addition, it is an important means whereby prices of the underlying products such as securities and gold can be adjusted with greater efficiency

บลจ. BCD (รหัสบรษิัทจัดการ 0123456789) จัดการกองทุน BCD Equity Flexible Hedge Fund ซ่ึงจดทะเบียนเป็นกองทุน UI Fund (เลขทีจ่ดทะเบียน MF1234/2561) มีการใช้กลยุทธ์ Volatility Arbitrage โดยมีการลงทุนใน

interest Total 1. Balance at the beginning 25x0 x x x x x x x (x) x x 2. Accumulation from write off x x x 3. Adjusted balance x x x x x x x (x) x x Alteration between a period 4. Appraisal surplus x x 5

off x x x 3. Adjusted balance x x x x x x x (x) x x Alteration between a period 4. Appraisal surplus x x 5. Revaluation surplus (deficit) in investment x x 6. Retained earning (deficit) arising from

x (x) x x 2. Accumulation from write off x x x 3. Adjusted balance x x x x x x x (x) x x Alteration between a period 4. Appraisal surplus x x 5. Revaluation surplus (deficit) in investment x x 6

savings and investment source in Thailand, contribute, as an institutional investor, to development of the country’s capital market, help lessen volatility in the cross-border capital movements, and induce

payment] ▪ Investors who seek stable returns or capital protection. ▪ Investors who intend to invest solely in fixed income securities with good credit rating, high, liquidity, and low-price volatility as