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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (269)	9/28/1998 10:58:00 AM
From: Sir Auric Goldfinger	Read Replies (5) \| Respond to of 19428

The waiting period for IPO borrows can be as little as one week. The stock technically becomes borrowable when it settles T+3. In practice, the cusip # and all that crap means that it takes about 2 weeks. What the Canadians do effectively is short you stock from their market maker account. They hold you economically responsible for the short, but will create the position as a market maker. That transfer from the MM proprietary account cannot happen in the US.