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Margin Loans Commsec Margin Loan

Discussion in 'Finance & Banking' started by evisional, 28th Aug, 2007.

  1. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
    Does anyone use Commsec Margin Loan here? I have just applied for Commsec Margin Loan and transfered managed funds in. However, I logged in the Commsec account and found the number of units are incorrect. The number of units are changed day after day but the portfolio value does not change. After checking, I find that the portfolio value is unchanged and the number of units = portfolio value each managed fund/daily unit price.

    Is there something wrong to thier system?
     
  2. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    this happened to me for the first few weeks, it eventually got sorted out with out me doing anything, i think they confirm them once a month.

    So yeah its just normal so dont worry
     
  3. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
    Thanks :);)