The stock loan, explained.
A stock loan — securities-backed financing, or Lombard lending against listed equity — lets a shareholder mobilise a concentrated position without selling it.
You pledge; you keep ownership.
You pledge your listed shares to a qualified custodian under bankruptcy-remote arrangements and receive a cash loan equal to a fraction of the line’s market value. You remain the beneficial owner, keep the dividends (subject to structuring), and recover the full position on repayment.
The ratio answers to the holding.
Loan-to-value is calibrated to the stock’s free float, daily traded volume, volatility, and your own regulatory standing. A liquid large-cap supports a higher LTV than a thin mid-cap. There is no rate card: we quote an indicative range only after reviewing the position.
Non-recourse, limited- or full-recourse.
Tenor typically runs 12 to 36 months. The recourse profile is your choice: a non-recourse structure protects you against a fall in the underlying below a defined threshold, while a full-recourse structure preserves maximum LTV. Drawn in the listing currency or in cross-currency structures (USD, EUR and beyond).
Frequently asked.
01How much can I borrow?
02Do I lose my voting rights?
03Does the loan have to be disclosed?
A line to finance?
Tell us the stock, the venue and the size of the position, and we will come back with indicative terms.