Forum Archive Index - May 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

[sharechat] NZ Central Securities Depository

From:	"Philip Robinson" <robph639@student.otago.ac.nz>
Date:	Fri, 26 May 2000 20:09:36 +1200

I notice in many annual reports, there is a major shareholder called New
Zealand Central Securities Depository. In the 1999 Baycorp report they say
that they: provide a custodial depository service to institutional
shareholders, the NZCSD does not have a beneficial interest in the shares.

My question is why do the big institutions need someone else to hold there
shares for them. It seems to me that they would not do this unless there is
a good reason. Can anyone out there enlighten me to the possible reasons for
this ownership structure.

Cheers Phil


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.

Replies

Re: [sharechat] NZCSD, Frucor, complicated structures Oliver Shapleski

Messages by Date [	Next by Date:	[sharechat] Frucor forecasts & V Philip Robinson
	Previous by Date:	[sharechat] Ryman Health Mark Hubbard ]
Messages by Thread [	Next by Thread:	Re: [sharechat] NZCSD, Frucor, complicated structures Oliver Shapleski
	Previous by Thread:	[sharechat] Frucor forecasts & V Philip Robinson ]
Post to the Forum [	New message	Reply to this message ]