margin loan for aio urgent!

I agree with the other posters re: lack of clarity!


1. I don't trust the meaning of "Initial Retail Closing data" and "Final Retail Closing Date". I bet if I wait for the final retail closig date, it will only be for additional securities above the 1 for 1 entitlement.

Not only are the definitions ambiguous, but they seem to have more than one possible meaning.

Confirmation?

2. I have been trading with ANZ Etrade, and to my disgust I found out today that they will not allow AIO to be used as security for a margin loan, unless it consists of less than 25% of the total securities held.

Commsec will allow AIO for up to 60% security, and Suncorp 50%. Any suggestions for a fast compliant lending institution.

Hope I don't have to fly back from Thailand to sort this one out.

Cheers.