Forum Archive Index - April 2000

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

Re: [sharechat] Advice on credit+3T-days required

From:	"Steve Moxham" <steve@ezysurf.co.nz>
Date:	Thu, 27 Apr 2000 22:57:37 +1200

I'd be willing to guess that you'd have to pay up regardless of whether the stock is trading or not.

The broker does afterall have to credit the bank account of the seller of the shares that you have just bought. They aren't going to keep the seller waiting for their money just because the stock has been suspended from trading and you haven't settled the contract.

If you don't have the money to cover the contract you might find yourself having to look closely at your liquidable assets!

Good Luck.

Messages by Date [	Next by Date:	Re: [sharechat] Frontier & the Watson magic Richard Scott
	Previous by Date:	Re: [sharechat] Frontier - latest announcment Chris Darby ]
Messages by Thread [	Next by Thread:	Re: [sharechat] Advice on credit+3T-days required ritchie marr
	Previous by Thread:	Re: [sharechat] Advice on credit+3T-days required Mike Nelson ]
Post to the Forum [	New message	Reply to this message ]