Can somebody tell me why this contract was cancelled and what I should do about it?
Account 724645 Mr D G Rickard
We have SOLD for you 5000 shares in MFT - Mainfreight Limited Ordinary Shares at NZD 13.5000
Details are as follows:
Consideration: 67,500.00
Brokerage: NZD 202.50
Total Credit NZD 67,297.50
Settlement Instruction: Cash Management Account
Settlement Date: 09/10/2012
A Contract note with full details of this transaction will follow
This email message and attachments is sent for the personal attention of the intended recipient. If you have received this email in error, please advise the sender immediately and destroy this email and any attachments. If you are not the intended recipient, you are notified that any use, distribution or copying of this e-mail or attachments is prohibited.
Where the contract note differs from this notification the contract note will prevail. In some circumstances ASB Securities may cancel this transaction. We will notify you of any cancellation.
Please phone us immediately on 0800 272 732 if you have any queries regarding this order. Thank you for using ASB Securities.
Kind Regards
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Account 724645 Mr D G Rickard
We have SOLD for you 5000 shares in MFT - Mainfreight Limited Ordinary Shares at NZD 13.5000
Details are as follows:
Consideration: 67,500.00
Brokerage: NZD 202.50
Total Credit NZD 67,297.50
Settlement Instruction: Cash Management Account
Settlement Date: 09/10/2012
A Contract note with full details of this transaction will follow
This email message and attachments is sent for the personal attention of the intended recipient. If you have received this email in error, please advise the sender immediately and destroy this email and any attachments. If you are not the intended recipient, you are notified that any use, distribution or copying of this e-mail or attachments is prohibited.
Where the contract note differs from this notification the contract note will prevail. In some circumstances ASB Securities may cancel this transaction. We will notify you of any cancellation.
Please phone us immediately on 0800 272 732 if you have any queries regarding this order. Thank you for using ASB Securities.
Kind Regards
More Banking Madness @ Share Investor
ASB Bank: Customer "Service"
Bryce the Banker: The Final Insult
Banks not participating in Recession
Bank Guarantees: Time for banks to return the favour
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Discuss this topic @ Share Investor Forum
c Share Investor 2012
I think Darren they realised the contract note differed from the email sent to you so they cancelled.
ReplyDeleteI think you'll have to put it down to human error this time.
Hi Darren,
ReplyDeleteNot sure how the MFT shares sold at NZ$13.50 per share either as current share price obviously a few dollars below this?
Maybe this is why they cancelled?
They probably cancelled the order because there may have been a computer error. You will note that the sale price you have there is three dollars above the market price. There may not be any genuine buyers 30% above market price.
ReplyDeleteThere was no error, the price was "mistakenly made".
ReplyDelete