Halifaxonline.co.nz in administration (dedicated thread)

[tipsy]

Here is a faq from the administrators https://www.dropbox.com/s/e79zugo75b...20FAQ.PDF?dl=0

I did speak to someone I know at Halifax, and he was pretty much in the dark, turned up on Monday and was told it was all over, all records and books were removed from his possession. He did say all client accounts were segregated but I don't think that will mean much if there's a massive shortfall somewhere. I guess it's up to the administrators as to what happens with the funds.

Not a great situation really and feel for those that had cash sitting around. I think even transferring shares from a broker under administration maybe tricky? And what to do with any open positions? You can close them but then that cash will obviously be frozen.

[RTM]

Here is a faq from the administrators https://www.dropbox.com/s/e79zugo75b...20FAQ.PDF?dl=0

I did speak to someone I know at Halifax, and he was pretty much in the dark, turned up on Monday and was told it was all over, all records and books were removed from his possession. He did say all client accounts were segregated but I don't think that will mean much if there's a massive shortfall somewhere. I guess it's up to the administrators as to what happens with the funds.

Not a great situation really and feel for those that had cash sitting around. I think even transferring shares from a broker under administration maybe tricky? And what to do with any open positions? You can close them but then that cash will obviously be frozen.

This is awful. Thanks for posting the link to the FAQ's.
In them No. 7 states "Link Market Services will issue proofs of debt (POD) and proxy forms relating to each individual account via email to investors on 29 November 2018".
Has anyone received this email ? I haven't.

https://www.ferrierhodgson.com/au/-/...ember-2018.pdf
New FAQ. I see it only talks about Australian clients
"What communications should I expect to receive?

On 27 November 2018, Link Market Services issued proofs of debt (POD) and proxy forms relating to each individual account via email to Australian investors. If you hold more than one account, you will have received a separate POD and proxy for each account. These forms will contain your user ID number. "