re: Ann: Compulsory acquisition (letter to CD...
My understanding is that a Treasury rate is better than the straight retail exchange rate offering.
As an example the interbank rate (26/2) CAD/AUD from the RBA is 1.0711. A spot rate from Xe.com 1.06902.
Retail rates from the following: CBA 1.1123 ANZ 1.116 WBC 1.0115 STG 1.1062 NAB 1.1079 HSBC 1.0835
The Treasury rate a bank can offer will be somewhere between their straight retail offering and the wholesale interbank rate. (Well that's my understanding.)
When this offer came out from memory the rate was $1.03-1.04.
If anyone gets any answers from Computershare or Kingsdale, please post. We really need the RBA to drop rates this week!
All the best.
KKR
AVM Price at posting:
$7.45 Sentiment: None Disclosure: Held
