Receivers of collapsed stockbroker Opes Prime have demanded the firm's clients urgently pay back $258 million in borrowings, The Australian Financial Review reports.
According to the newspaper, ANZ Banking Group appointed receivers sent letters this week to 223 Opes Prime clients, detailing their liabilities.
The letter said clients had to repay their liabilities by Monday or face legal action.
Interest is being charged at two per cent higher than the official cash rate of 4.25 per cent.
The move comes after the Federal Court ruled in September that Opes Prime clients were still liable for losses incurred on their accounts, despite receivers and administrators having been appointed to the broker more than five months prior.
letters of demand sent to opes clinets, page-18
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