opes prime, page-5

yeahs its unclear i admit but thats the way i saw it...

in the case of opus prime (like the tricom model), opus technically takes ownership of shares of their clients (to enable them to lend out/hedge funds/short selling etc)... in the event of default those that have lent to opus (eh ANZ) can claw back against the unsecured creditors first (ie the clients); these cleints will rank above equity holder of opus... getting off the track here (ie the owners) ... bottom line ANZ is the major lender to opus prime and they are the beneficial owner of a chunk of them IMO

RBA, could also be a comination of what you are referring

I believe any overhang should be done off market... progress in esi means that investors would IMO want large chunks at these levels (w/o pushing up price)