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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Are Crossings Genuine?

Are Crossings Genuine?

Go down  Message [Page 1 of 1]

1Are Crossings Genuine? Empty Are Crossings Genuine? Fri Dec 21, 2012 8:21 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Interesting points have been discussing of crossing transactions in this forum.
It seems that such transactions are dealt in genuine manner & the some are between family members. If it is so,

a) Is the CSE system capable of tracking down genuine & individual (family) crossing?
b) What will be the cost involved in crossing transactions? I guess that If the chunk of shares
between the husband & wife the total cost will be substantial.
c) What is the brokers' role in processing such type of transactions.

Please exchange your views to understand the scope of this.










2Are Crossings Genuine? Empty Re: Are Crossings Genuine? Fri Dec 21, 2012 10:16 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:
Interesting points have been discussing of crossing transactions in this forum.
It seems that such transactions are dealt in genuine manner & the some are between family members. If it is so,

a) Is the CSE system capable of tracking down genuine & individual (family) crossing?
b) What will be the cost involved in crossing transactions? I guess that If the chunk of shares
between the husband & wife the total cost will be substantial.
c) What is the brokers' role in processing such type of transactions.

Please exchange your views to understand the scope of this.











I commented on another thread also want to add something more.Except for crossings done for increasing IPO and private placement share prices and to dump crap there were "increase value of turnover crossings" also. Very Happy

3Are Crossings Genuine? Empty Re: Are Crossings Genuine? Fri Dec 21, 2012 11:33 pm

mark

mark
Expert
Expert
@worthiness wrote:
Interesting points have been discussing of crossing transactions in this forum.
It seems that such transactions are dealt in genuine manner & the some are between family members. If it is so,

a) Is the CSE system capable of tracking down genuine & individual (family) crossing?
b) What will be the cost involved in crossing transactions? I guess that If the chunk of shares
between the husband & wife the total cost will be substantial.
c) What is the brokers' role in processing such type of transactions.

Please exchange your views to understand the scope of this.


Some are most likely foreign to foreign crossings in some counters,May be related to year end portfolio reallocation and window dressings. Sometimes fund managers book the profit in one account by transferring to another group account. Wink

btw some are well known international funds and genuine buyers,so in bigger picture there is significant foreign collection,most probably it will reach 40Bn inflow target when the year end. Smile

4Are Crossings Genuine? Empty Re: Are Crossings Genuine? Sat Dec 22, 2012 1:22 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
As Mark said there are some foreign investment companies accumulating valuable counters, as well as Nimantha80's point also valid in crap share blocks. In share trading these incidents are part and parcel.

5Are Crossings Genuine? Empty Re: Are Crossings Genuine? Sat Dec 22, 2012 2:35 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Let just summerize. there are lot of geuine crossing like in the case of JKH, COMB and other trasparent companies with no one entity controlling it.

But we also see some questionable crossing between related parties which can raised doubt as not 'genuine" as you state.

6Are Crossings Genuine? Empty Re: Are Crossings Genuine? Sat Dec 22, 2012 5:12 pm

K.Haputantri

K.Haputantri
Co-Admin
@worthiness wrote:
Interesting points have been discussing of crossing transactions in this forum.
It seems that such transactions are dealt in genuine manner & the some are between family members. If it is so,

a) Is the CSE system capable of tracking down genuine & individual (family) crossing?
b) What will be the cost involved in crossing transactions? I guess that If the chunk of shares
between the husband & wife the total cost will be substantial.
c) What is the brokers' role in processing such type of transactions.

Please exchange your views to understand the scope of this.

(a) I think, both the CSE & SEC should be able to track down any unethical/illegal crossings as it is their duty. If not, they should resign and allow a new set of regulators to do the job.
(b) The cost must be a lesser percentage than what we pay as it is possible to negotiate if the transaction exceed Rs:50/= million. Where the intention of the crossing is manipulative, they may collect substantial profit later from gulliable investors.
(c) I think they simply facilitate as participants & collect the fee. They certainly do not look into the intention of the crossing.

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