Forum Archive Index - November 2000

["Mike" <terra1@ihug.co.nz>]

Hi,
   I bank with the ANZ and I applied for the E*trade account. They gave me
the account no worries but what I cannot understand is the bank is called
Australia and New Zealand but you cannot trade on the New Zealand Stock
Exchange.  You can trade on the Australian Stock eXchange, and the US
exchange but not the New Zealand exchange.
I had to open an account with the ASB bank to trade on the New Zealand
market, and  I also opened an Quicktrade account but you have to transfer
money into a BNZ account to trade on that.  Personally I think a bank that
is called ANZ should trade on the New Zealand Stock Exchange and the
Australian Stock eXchange and the US exchange should be after the New
Zealand Exchange, not instead of.

Mike

----- Original Message -----
From: "Philip Robinson" <PhilipR@Pharmac.govt.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, November 24, 2000 9:32 AM
Subject: [sharechat] SEATS and CHESS and the ASX


>
> 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
>
>
> --------------------------------------------------------------------------
--
> http://www.sharechat.co.nz/          New Zealand's home for market
investors
> http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join
now.
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/forum.shtml.
>


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.