Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 87 results for "Settlement of"

Court approves Great Southern settlement

AAP  |  FRIDAY, 12 DEC 2014
A $23.5 million settlement of a class action related to loans to investors hit by the billion dollar collapse of agribusiness Great Southern has won court approval. The agricultural projects manager, which raised $1.8 billion and managed 45 investment ...

Court approves Premium Income Fund settlement

LAURA MILLAN  |  WEDNESDAY, 10 DEC 2014
The Federal Court has made orders approving the settlement of the class action against the failed Premium Income Fund (PIF). IMF Bentham confirmed the court's approval of the settlement, but did not say how much PIF unit holders will be receiving as ...

Sydney set to become China share trading hub

MARK SMITH  |  THURSDAY, 13 NOV 2014
... Omgeo specialises in the automation of post trade life cycle events enabling clients to accelerate the clearing and settlement of trades. Freeman said this automation was necessary to meet the requirements of the Chinese settlement cycle as well as other ...

Australian Money Market adds CBA to platform

MARK SMITH  |  THURSDAY, 28 AUG 2014
... advisers and their clients. "With CBA on board, clients' existing cash management accounts can be linked for the settlement of term deposit deals," he said. CBA joins existing cash management account providers ANZ, Bank of Queensland, Bankwest and Macquarie ...

Praemium reports strong rise in SMA funds

MARK SMITH  |  MONDAY, 21 JUL 2014
... the preceding quarter. Included in this quarter were receipts relating to recent market announcements, namely the settlement of legal proceedings in Hong Kong and milestone payments under the Dah Sing Bank contract. Positive operating cash flow has now ...

YBR set to acquire mortgage manager RESI

MARK SMITH  |  WEDNESDAY, 9 JUL 2014
... on the first anniversary of settlement provided certain earn-out conditions are satisfied. Assuming this happens, settlement of the acquisition of Resi is expected to occur on 29 August 2014, the same day YBR's previously announced proposed acquisition ...

ASIC appeals Macquarie's Storm settlement

MARK SMITH  |  MONDAY, 27 MAY 2013
... the deal, which will see Macquarie Bank pay $82.5 million (inclusive of legal and administrative costs) in final settlement of the claims of 1050 Storm clients who took out margin loans with the bank, is unfair. Levitt Robinson estimates that around ...

Market wrap AM

AAP  |  WEDNESDAY, 12 DEC 2012
... Bangkok. In company news, a hearing will be held in Victoria's Supreme Court to finalise National Australia Bank's settlement of a class action brought by shareholders. NEW YORK - Wall Street sprang back to life, putting the Dow Jones industrial average ...

Equity clearing and settlement discussion paper released

MELANIE TIMBRELL  |  MONDAY, 18 JUN 2012
... released, with the intention of bolstering financial market infrastructure. The paper 'Competition in the clearing and settlement of the Australian cash equity market' deals with competition and access issues that have the potential to arise within the ...

CalPERS awards Citi $28bn in securities lending assets

RACHEL DAVIS  |  THURSDAY, 31 MAY 2012
... hedging, acts as a useful tool for risk management in trading and investment strategies and helps to facilitate timely settlement of securities, according to eSecLending. The balance of securities on loan at the end of April 2012 exceeded US$1.9 trillion ...