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BME Stock Loans in Spain

Stock loans (securities-backed financing) against shares listed on Bolsas y Mercados Españoles (Madrid) (BME) — for family offices, founders and controlling shareholders.

01 · The Market
United Kingdom & Europe

About Bolsas y Mercados Españoles (Madrid).

Bolsas y Mercados Españoles (Madrid) is the principal cash-equity venue of Spain. Founded in 1831, it operates under the oversight of Comisión Nacional del Mercado de Valores (CNMV), and its leading benchmarks are IBEX 35, IBEX Medium Cap, IBEX Small Cap. Listing standards are set out in the Reglamento del Mercado de las Bolsas de Valores.

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.

02 · Eligibility
For Institutional Positions

What qualifies on BME.

BME 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 BME 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
CNMV

Framework cited on BME.

The principal regulatory reference on BME is Royal Decree 1362/2007 transposing the EU Transparency Directive. 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
BME · Stock Loans

What holders ask about BME.

01How much can I borrow against a BME-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 BME position.
02Which BME segments can I borrow against?
We look at each case across the segments Bolsas y Mercados Españoles (Madrid) runs: Continuous Market (Mercado Continuo); BME Growth (SME); BME MTF. 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
Spain

Other venues.

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

Spain overview →

A particular BME holding to talk through?

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