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
Citi is just an intermediary that is used as a vehicle to...
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Last
99.5¢ |
Change
0.015(1.53%) |
Mkt cap ! $964.6M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.02 | 98.8¢ | $3.256M | 3.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9000 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 5852 | 2 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |