ANZ 1.00% $31.95 anz group holdings limited

abn, page-45

  1. ABN
    532 Posts.
    remote

    from what i have heard netting off works as follows:

    Client 1 - shares worth $1m no loan - net off value $1m gets 70 cents in the dollar on that

    Client 2 - shares worth $1.5m loan of $0.5m - net off value (nett position minus debt = $1m - $0.5m) $0.5m so gets 70 cents in the dollar on that..ie half of client 1
 
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