While nothing has been agreed yet, ANZ is continuing to discuss settlement options with Opes Prime's administrators. Hopes are growing that a cash settlement could be provided by the failed broker's bankers who include ANZ, Merrill Lynch and Dresdner Kleinwort. If successful, such an arrangement would allow a deed of company arrangement to be established, avoiding litigation and returning significant funds to unsecured creditors. However, contrary to some reports, an ANZ spokeswoman stressed that the talks are only preliminary and no specific solutions have been discussed.
