economics, page-27

Are you guys following the anz thread on opes? From what I gather, ANZ have virtually caved in and prefer to give clients back what is owed to them. But the catch is they are talking about a "netting off date" of 15 Oct. (Because they think that's the bottom of the market.)

"The 15 Oct date will be the netting off date for both voting and valuation of the shares for any claim."

That means if you are an opes client and the sp is up on 15 Oct anz owe you, but if the sp is down on 15 Oct then you owe them. However, as directors cant trade their shares, I suppose it wont make much difference to them. They just get the shares back and owe the same amount on them.

How many shares do ANZ have on the SLA share register? Anyone know? (I mean, is anz in a position to just hand them over?)