Westpac Banking Corporation - Notification N31275

Applicant(s)

  • Westpac Banking Corporation

Notification number(s)

  • N31275

Summary

Westpac Banking Corporation lodged a notification offering a Westpac Protected Equity Loan Plus (Westpac PEL Plus) which is an arrangment for financing 100% of an investor's purchase of Securities. The Securities are then mortgaged back to the bank as security for the loan.

The loan will only be provided on the condition that the investor uses JDV Margin Lending Pty Ltd as the sole sponsor for the Securities and Westpac Securities Limited as the sole broker to buy and sell the Securities.