opes prime anz custodian, page-10

  1. 1,030 Posts.
    Thats right ..how it works institution to insto

    Insto A needs to borrow stock
    Insto b lends stock free and clear etc
    but lodges 105% in cash w insto b

    they reverse position at end


    ANZ sponsored participated with 3 companies Opes , Tricom and Chimera

    Wholesaled $3bn roughly

    Out of $38bn margin loans in Australia

    Say 50 margin lenders..ANZ was the only organisation worldwide that used the back to back AMSLA model
    We now know why the Banking Industry thought it was a accident waiting to happen
    As did the Securities Lending Industry..they have made these observations publically in various media interviews

    What UTTER UTTER PLODS at ANZ Institutional Bank..

 
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