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according to Commsec  , BEAR  has  a 75%  lending value ( LVR )


CODECOMPANYASSET
AAABetaShares Aus High Interest Cash ETF58.19%
--Spi 200 Futures Mar220.00%


 BBUS and BBOZ  do not have a lending value


 so SEEM to consist of   cash and/or  a selected  market derivative  .. possibly cashed out daily


 my GUESS is BEAR is a lot less eager to add units  as it would require generating more AAA  units  to be held as collateral ( but would probably add when really needed )


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