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InvestPlus, a traditional managed fund, owns some Australian government bonds. InvestPLus accepts to lend its government bonds to SuperProfit, an investment bank, for a 1

InvestPlus, a traditional managed fund, owns some Australian government bonds. InvestPLus accepts to lend its government bonds to SuperProfit, an investment bank, for a 15 day loan. SuperProfit puts a sale order for the government bonds the day after it found a lender. The buyer of the government bonds is Life, a superannuation fund.15 days after the settlement of the lending agreement, the government bonds need to be returned to the original owner and SuperProfit needs to put a buy order for these government bonds during the last day of the loan. The original owner of the bonds puts a sale order for the government bonds the day after the borrower has put the order to return them.
a) Represent on a timeline the events described above. Include for each transaction the order and the delivery of the securities and clearly indicate which entities are involved in the transaction, so we know who delivers and who receives. [Note that in order to not overcrowd the timeline we represent one entry for both the order and the match. The timeline needs to be very neat; redo it if you start crossing out.]

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