So OPES is in trouble, not ANZ. ANZ didn't draft the sloppy contract. They took the shares that OPES held (whether OPES held them legally or not) and sold them to recoup the money OPES owed them.
If I loaned money to a mate who went bankrupt, the bank would clean out his account and I would have to sue HIM for the lost money, not the bank. I become an unsecured creditor.
Gees..
