Forum Archive Index - March 2000

[Mike Nelson <bb2345@pop.ihug.co.nz>]

Sarah,

Can shunting be done between here and the American Exchanges ? I am
thinking of ITC which has had some big differences in the recent past.

Regards,


MN



At 08:15 AM 16/03/00 +1300, you wrote:
>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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