Business

The questions Macquarie won't answer

September 21, 2009

* How many margin loan customers did Macquarie Group have through Storm?

* What was the total value of the Macquarie margin loans issued to Storm clients?

* I understand some Macquarie margin loan customers experienced negative equity. Given this was the case, can you please tell me the average loan-to-value figure that Macquarie’s clients were sold out at?

* I understand from a Macquarie margin loan customer the loan-to-value ratio they were sold out at was 97 per cent. Is this representative of the average loan-to-value ratio that Macquarie’s clients were sold out at?

* Why did people get sold out at these levels? Was there a system failure in Macquarie’s margin loan systems?

* Were Macquarie’s systems able to cope with the volume of margin calls last year, given at least some of Storm’s clients experienced negative equity?

* Is Macquarie contemplating compensation for customers who were sold out well above the stated maximum loan-to-value ratio?

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