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ItalyMilanCONSOBEUR

Borsa Italiana Stock Loans in Italy

Stock loans (securities-backed financing) against shares listed on Borsa Italiana (Euronext Milan) (Borsa Italiana) — for family offices, founders and controlling shareholders.

01 · The Market
United Kingdom & Europe

About Borsa Italiana (Euronext Milan).

Borsa Italiana (Euronext Milan) is the principal cash-equity venue of Italy. Founded in 1808 (Borsa di commercio); reorganised 1998; Euronext acquisition 2021, it operates under the oversight of Commissione Nazionale per le Società e la Borsa (CONSOB), and its leading benchmarks are FTSE MIB, FTSE Italia Mid Cap, FTSE Italia Small Cap. Listing standards are set out in the Regolamento dei Mercati Organizzati e Gestiti da Borsa Italiana.

The principal Italian equities venue, with a distinctive concentration in financials, utilities, and industrial conglomerates. Now part of the Euronext federation, with harmonised market rules and pan-European order-book access.

02 · Eligibility
For Institutional Positions

What qualifies on Borsa Italiana.

Borsa Italiana ranks among the deepest equity pools anywhere; eligibility turns on the stock itself — its free float, daily traded volume, and how concentrated the line is.

For any given Borsa Italiana position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

03 · Disclosure
CONSOB

Framework cited on Borsa Italiana.

The principal regulatory reference on Borsa Italiana is TUF (Testo Unico della Finanza) Art. 120. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

04 · FAQ
Borsa Italiana · Stock Loans

What holders ask about Borsa Italiana.

01How much can I borrow against a Borsa Italiana-listed holding?
The loan-to-value is set to the specific holding — free float, daily traded volume, volatility, and your regulatory standing. We quote indicative ratios only after reviewing the actual Borsa Italiana position.
02Which Borsa Italiana segments can I borrow against?
We look at each case across the segments Borsa Italiana (Euronext Milan) runs: Euronext Milan main market; Euronext STAR Milan (high-standards segment); Euronext Growth Milan (SME). Higher tiers are usually simpler to structure, as free float and liquidity are deeper.
03What currency can the facility be drawn in?
The default is EUR, the listing currency. Cross-currency structures are common and readily arranged.
05 · Other Venues
Italy

Other venues.

United Kingdom · Europe (Euronext) · Germany · Switzerland · Spain · Sweden

Italy overview →

A particular Borsa Italiana holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.