Forum Archive Index - March 2000

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

Hi John,

No we dont.  You can only sell the stock once the have been transferred to
the relevant registry for settlement.  Our settlements dept will gladly
shunt them for you but settlement requirements wont be able to be satisfied
in both markets on such a short time frame.

Regards,

Sarah Corkill
Direct Broking




-----Original Message-----
From: Wedde, John [mailto:john.wedde@cit.ac.nz]
Sent: Thursday, 16 March 2000 09:27
To: 'sharechat@sharechat.co.nz'
Subject: RE: [sharechat] shunting


Hi Sarah,
Do Direct Broking allow clients to buy stock in one market and sell it in
another on the same day?
Cheers

John Wedde BCA, MA, Senior Lecturer, Business Communication
Programme Leader, NZ Diploma in Business
Central Institute of Technology
Box 40 740 Upper Hutt, New Zealand
EMail: John.Wedde@cit.ac.nz <mailto:John.Wedde@cit.ac.nz> 
Phone: 5276397 EXT. 6747 Mobile 025843729

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                -----Original Message-----
                From:   Sarah Corkill
[mailto:Sarah.Corkill@directbroking.co.nz]
                Sent:   Thursday, 16 March 2000 08:16
                To:     'sharechat@sharechat.co.nz'
                Subject:        RE: [sharechat] shunting

                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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