Forum Archive Index - March 2000

[Sarah Corkill <Sarah.Corkill@directbroking.co.nz>]

Dear Narena,

Shunting is purchasing shares in a dual listed company eg NZ and having them
moved to the registry of the other market they trade in eg Australia.  Often
with movement's in exchange rates and/or stronger demand in one market over
another makes shunting stock a profitable exercise.

There is no charge for shunting.  All you need to do is ask your broker for
a shunt form, fill it in and send it to the relevant registry.  Be aware
that there are delays in having this done and due to settlement times your
broker may not let you buy stock in one market and sell it in the other
market on the same day.

Kind regards,

Sarah Corkill
Direct Broking




-----Original Message-----
From: Narena Olliver [mailto:narena@nzbirds.com]
Sent: Thursday, 16 March 2000 07:07
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Macro-economic issues


What is "shunting" please? ciao.


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