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Asia Stock Loans SEC (PH) PHP

Philippines Stock Loans against PSE shares

A stock loan against shares you hold on the Philippines’ principal equity venue — for family offices, founders and controlling shareholders, without selling a single share.

01 · Process
How it works

From enquiry to funding.

—StageWhat happensTiming
01Confidential enquiryThe holding and the objective, shared under NDA through a secure channel.Day one
02Indicative termsStructure, sizing and indicative pricing returned against the position.1–2 days
03Structuring & documentationKYC, share and market review; terms formalised under institutional documentation alongside your counsel.1–2 weeks
04Custody & fundingPledged shares held at a qualified custodian; collateral secured and proceeds released.On completion
02 · The Market
Asia

Philippines equity markets.

A Philippine stock loan lets a founder, family office or controlling shareholder raise cash against a position listed on the Philippine Stock Exchange without selling it, without surrendering voting control, and while staying the beneficial owner until the facility is repaid. Because the peso floats rather than tracking a peg, a PHP-listed line drawn in US dollars or euros carries genuine currency exposure — so the hedging and settlement points are set out expressly before anything is drawn.

What shapes a Philippine facility is the disclosure regime and the concentration of the market. Beneficial ownership of 5% or more of a listed company’s shares is reportable to the SEC and the PSE under the Securities Regulation Code, and crossing 35% can engage the mandatory tender-offer rules — so the pledge and any enforcement path are sequenced around those triggers. The PSEi is led by family-controlled conglomerates and infrastructure issuers, where free float and daily turnover support a higher loan-to-value; thinner Main Board and SME Board names are financed more selectively. Shares settle T+2 through the SCCP and PDTC, which governs when the pledge is perfected and the loan drawn.

Philippines stock loans at a glance:

Listed venuePhilippine Stock Exchange (PSE)
RegulatorSecurities and Exchange Commission (Philippines)
CurrencyPHP
SettlementT+2
Disclosure threshold5%
Principal indicesPSEi (PSE Composite Index)
StructureNon-recourse, limited- or full-recourse

Regulatory references are published for general orientation and are not legal advice.

03 · Exchanges
One Venue

Each Philippines exchange, covered.

PSE · Manila (Bonifacio Global City)

Philippine Stock Exchange

The sole equity exchange of the Philippines, with a concentrated index led by family-controlled conglomerates and infrastructure issuers. Foreign-equity ceilings in regulated sectors are central to whether a non-resident line can be pledged.

View PSE →
04 · FAQ
Philippines · Stock Loans

What holders ask about the Philippines.

01Does pledging my Philippine-listed shares have to be reported to the SEC?
It can. Beneficial ownership of 5% or more of a listed company’s shares is reportable to the SEC and the PSE under the Securities Regulation Code, and a change in that interest is disclosable. A pledge that could shift beneficial ownership on enforcement needs to be mapped to those rules. We set out the exact reporting and timing for your holding before anything is executed.
02Can I borrow against shares in a company subject to the foreign-ownership limit?
Yes, but it is structured carefully. Nationalised and partly-nationalised sectors are capped at 40% foreign equity under the Constitution and the Foreign Investment Negative List, and the PSE monitors each name’s foreign-ownership level. Where enforcement could push a non-resident lender past the ceiling, the facility is documented so the security can be realised without breaching the limit — typically through a local enforcement route.
03How much can I borrow against Philippines-listed shares?
The loan-to-value is set to your holding — its free float, daily traded volume, volatility, and your own regulatory standing. A large-cap with deep free float supports a higher LTV than a thin mid-cap, and a non-recourse structure runs lower than a full-recourse one on the same stock. We quote indicative ratios only after reviewing the position.
04Which Philippines exchanges can I borrow against?
We cover Philippine Stock Exchange (PSE). Financing is arranged against shares listed there; which venue applies depends on the issuer’s primary listing and how the holding trades.
05What currency can the facility be drawn in?
The default is PHP, the listing currency. Cross-currency structures — drawing a USD or EUR loan against the position — are common, and bring hedging, settlement and tax points we set out expressly in the documentation.
06Who regulates these transactions in the Philippines?
Securities and Exchange Commission (Philippines) is the principal regulator. Black Haven Investments lends as principal; lending and any regulated activity are conducted by, or through, appropriately licensed or registered entities in the relevant jurisdiction.
07What is the settlement cycle on Philippines exchanges?
Equities listed on Philippine Stock Exchange (PSE) generally settle on T+2. The settlement cycle governs when the pledge over the shares is perfected and the loan can be drawn, so we align the funding mechanics to it.
08At what level does a shareholding become disclosable in the Philippines?
The principal threshold is 5%, under SRC Rule 18.2 overseen by SEC (PH). Crossing it — in either direction — triggers a notification, and a pledge can itself be relevant; we map the exact levels to your holding before anything is executed.
09Can a foreign or offshore holder pledge Philippines-listed shares?
Generally yes. The shares sit with a qualified custodian and are pledged to secure the facility; any foreign-ownership limits or registration requirements turn on the issuer and sector, and we check them against your specific line at the structuring stage.
10How long does it take to arrange a stock loan in the Philippines?
Indicative terms typically follow within one to two business days of a confidential enquiry. Documentation and funding usually complete within about three weeks, depending on custody onboarding and the size of the position.
05 · Adjacent Markets
Asia

Countries adjacent to the Philippines.

Hong Kong · Japan · China · South Korea · Taiwan · Singapore · Australia · New Zealand · India · Thailand · Indonesia · Malaysia · Vietnam · Pakistan · Sri Lanka · Kazakhstan · Bangladesh

All countries →

Guides

Related guides.

Fundamentals

How Much Can You Borrow Against Your Shares?

There is no flat figure. The advance against listed shares is set to the specific holding, driven by liquidity, volatility, concentration, your regulatory standing and the recourse profile you choose.

Read → Risk

What Happens If Your Stock Falls During a Loan?

If your pledged shares fall in value during a loan, what happens depends entirely on the structure you agreed at the outset — recourse facilities can call for a top-up, non-recourse facilities cannot.

Read → Process

How to Get a Stock Loan: The Process, Step by Step

Getting a stock loan runs through five disciplined stages: a confidential enquiry, indicative terms, documentation, custody and pledge, then funding under a single accountable principal.

Read →

A particular Philippines holding to talk through?

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

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