Forum Archive Index - April 2000

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

You will have to pay up within the three days. The fact that the shares are
suspended does not affect your liability to honour your arrangement any
more than if FRO went belly up the night you bought them.

MN


At 02:56 AM 27-04-00 -0700, you wrote:
>I bought some FRO shares on Wednesday on the usual
>credit+3 trading days and had intended to sell within
>3 days.
>Hypothethically, what would happen if trading on FRO
>was suspended for more than 3 trading days (which
>would of course prevent me from selling up because
>there would be no trading on that stock) and I didn't
>have the cash to pay for the shares until I had traded
>those shares in. Does the 3T-days still apply when
>trading on a stock is stopped by the stock exchange?
>Would be interested in the views of readers.
>
>Robert
>
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