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Politics : Formerly About Applied Materials

AMAT 322.31

-5.6%

Jan 30 3:59 PM EST

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To: Gottfried who wrote (37576)	9/29/2000 12:43:13 AM
From: Ian@SI	Read Replies (1) of 70976

OT to G., With my broker, my account is divided into a US $ subaccount, a Cdn $ subaccount and my SDRRSP - a rough equivalent of an IRA. Any stocks can be held in any account. Anything in the US$ account is settled in US $. Depending upon how much I convert at a time, it costs me anywhere from about 60 basis points up to 100 basis points to do the conversion. Thus I don't do it very often. i.e. - I bought some US $ to get started and haven't gone back to Cdn yet. I get the same real time quotes as anyone else. US traded companies are quoted in US $; Cdn traded companies are quoted in Cdn $. My order entry screen lets me choose for which subaccount, and on which exchange I want to buy/sell nnn shares of XYZ. ... as well as a few other parameters governing the terms of the order. Why don't we unify the two currencies ala euro? Sounds good to me, especially if I can exchange my remaining Cdn $ 1 for 1. <g> I suspect that our politicians here suffer from the Danish disease; and wouldn't want to overtly surrender that illusion of autonomy. In the current world, what the Fed does makes the bank of Canada nearly irrelevant, IMO. And with that, good night, Ian.

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