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3 Commercial Bank of Ciskei has granted a loan of R 1 9 m to Gqeberha Fish Farms, secured by a portfolio of blue -

3 Commercial Bank of Ciskei has granted a loan of R19m to Gqeberha Fish Farms,
secured by a portfolio of blue-chip shares with a current market value of R26m. As per the policy of the bank, a 50% margin is required on collaterals of equity shares. Provide an appropriate facility grade, assuming Commercial Bank of Ciskei follows the Facility Grading table given below.

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