Rates going up on Macquarie Prime, more equity required to borrow against those shares.
Not sure if any of the other lenders reducing the lvr as well.
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Collateral Rate Change - 28 February 2008
Dear Investor,
We have reviewed our Collateral Rates for the below shares. These changes will be implemented before the market opens on Thursday 28 February 2008:
ASX Code Security Name Old Collateral Rate New Collateral Rate
CER Centro Retail Group 35% 70%
CNP Centro Properties Group 55% 70%
ABS A.B.C. Learning Centres Limited 5% 45%
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macquarie prime margin change
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