Core Banking Services To Operate As Normal

Wednesday, 12 September 2001, 1:42 pm
Press Release: ASB Bank

Statement made by Hugh Burrett, Managing Director Designate,
ASB Bank

ASB Bank is not anticipating any disruption to core banking services following the terrorist attacks in the USA overnight.

Customers will be able to exchange United States dollars as usual, and international credit card and debit card links remain open.

There will be disruption to share trading following the closure of the New York stock exchange, and this will affect ASB Securities customers who wish to trade shares in the USA.

We will also be suspending trading activity on Unit Trust and EasyPlan products that have an international share or bond market component, due to closure of USA markets and our inability to strike a buy or sell price. This position will remain under review, but will not affect the Residential Mortgage Trust or the Money Market Trust, which are domestic based products.

Ends –

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