Forum Archive Index - March 2000

["Tony Haddon" <haddon@ihug.co.nz>]

I can only pass on what my broker told me, not much .. You simply buy, and ask your broker to do the transfer...but it depends..eg settlement here is T+3, but a shunt to ASX can typically take 5 days, so to buy here & sell straight away in Oz you're up for a few days late settlement fees @ $100.00 /day , tho I don't supppose that's an issue if you buy here and hold in Oz. Likewise it may not be an issue if your broker already has this stock over there.... I think you have to be looking at fairly large voume for arb. to be worthwhile...out of my league..

 

Regards

 

Tony Haddon