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From: | Sarah Corkill <Sarah.Corkill@directbroking.co.nz> |
Date: | Thu, 16 Mar 2000 08:15:36 +1300 |
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. ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please us the form at http://www.sharechat.co.nz/forum.html. ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please us the form at http://www.sharechat.co.nz/forum.html.
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