Citi is just an intermediary that is used as a vehicle to facilitate the short selling. looks like an investor enters into an agreement with Citi under a securities lending by agent agreement. I suspect the client instructs citi to buy x amount which then are used to short sell. The client pays interest to citi and the profit / loss sits in the clients account (not citi). May not be 100% but just opinion after a quick read of a report by ASIC consultation paper on securities lending and substantial holding notice from July 2019 - google it
Ann: Change in substantial holding, page-11
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Last
$1.30 |
Change
-0.025(1.89%) |
Mkt cap ! $1.255B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.32 | $1.28 | $2.892M | 2.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42799 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 2000 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| DYL (ASX) Chart |