Forum Archive Index - November 2000

[Philip Robinson <PhilipR@Pharmac.govt.nz>]

Tony,

It is really CHESS that I wanted to find out about. But had a look around
the E*Trade site and it answered some questions. You have sponsored holdings
so that other people cannot get at your shares to sell, it seems like a
safety mechanism. So when do you have company sponsored holdings, the only
time I can see that this applies is if you apply for a float. Because you
have to transfer your company sponsored to a broker to sell them.

I don't understand why you need to have that. The FASTER system seems to
work fine in New Zealand, with out people stealing others shares, I suppose
it is Australia though.

What have you heard or anyone else heard about ANZ/E*Trade? You can get
dividends paid into your CMA can't you?

Thanks for the help
Phil
_________________________________
Philip Robinson
DDI: 04.460.4989
Cell: 021.422.104


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