What's the difference between an equities account and a margin loan?
When you execute a trade on your equities account, you agree to pay for the shares in full on the trade's settlement date using your own funds. Payment for the shares will generally come from a nominated linked settlement bank account that is either debited or credited.
With a CommSec Margin Loan on the trades settlement date, the amount due is automatically settled to the Margin Loans balance and your personal bank account is not used as part of the transaction. Your loan balance will either increase or decrease depending on whether you bought or sold shares.
Please note: You also need to ensure you have enough collateral in your margin loan before you place the trade.
Further information about Margin Loans can be located here.