United Kingdom & Europe Stock Loans CNMV EUR

Spain Stock Loans against BME shares

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

01 · The Market

United Kingdom & Europe

Spain equity markets.

We structure stock loans (securities-backed financing) against Spain-listed shares. It lets founders, family offices and controlling shareholders draw liquidity from a concentrated position without selling, without unsettling voting control, and with the full holding recovered on repayment. You stay the beneficial owner throughout.

Spain stock loans at a glance:

Listed venue	Bolsas y Mercados Españoles (Madrid)
Regulator	Comisión Nacional del Mercado de Valores (CNMV)
Currency	EUR
Principal indices	IBEX 35, IBEX Medium Cap, IBEX Small Cap
Structure	Non-recourse, limited- or full-recourse

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

02 · Exchanges

One Venue

Each Spain exchange, covered.

BME · Madrid

Bolsas y Mercados Españoles (Madrid)

The principal Spanish equities venue. Acquired by SIX Group in 2020, retaining its local regulatory profile while gaining cross-listing access to the Swiss market. Banking-sector concentration is a defining feature of the IBEX 35.

View BME →

03 · FAQ

Spain · Stock Loans

What holders ask about Spain.

01How much can I borrow against Spain-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.

02Which Spain exchanges can I borrow against?

We cover Bolsas y Mercados Españoles (Madrid). Financing is arranged against shares listed there; which venue applies depends on the issuer’s primary listing and how the holding trades.

03What currency can the facility be drawn in?

The default is EUR, 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.

04Who regulates these transactions in Spain?

Comisión Nacional del Mercado de Valores (CNMV) 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.

04 · Adjacent Markets

United Kingdom & Europe

Countries adjacent to Spain.

United Kingdom · Europe (Euronext) · Germany · Switzerland · Italy · Sweden · Finland · Denmark · Poland · Austria · Norway · Turkey

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A particular Spain holding to talk through?

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

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