thanks for that info . I understand that an increase in interest...

thanks for that info . I understand that an increase in interest rates helps Max but dont understand why. Max Pays interest on the notes at BBSW plus the margin and deferred margin. and in many cases charges interest to its borrows at BBSW plus a margin( generally well below the rate Max is now paying)

My understanding is that our best chance of getting a good return is not only on the hope that Max's debtors dont go broke but that they pay back their loans quickly to reduce the loss we are now incurring as the interest expense will now far exceed the interest income (beacuse of the deferred margin)

Can you shed any light on why the increase helps MAX.