The "risk minimisation" strategy is to have 1 bank per entity no cross securitisation. So LTC 1 = Westpac 2 mil LTC 2 = ANZ 2 mil
Westpacs priority amount can be 5 mil they have no access to anything in LTC 2 unless you have cross securitised them. If you are using your PPOR for deposits there is no need to give them any other security as they are only 80% max exposed.
Westpacs priority amount can be 5 mil they have no access to anything in LTC 2 unless you have cross securitised them. If you are using your PPOR for deposits there is no need to give them any other security as they are only 80% max exposed.
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