Securities-Backed Lending Request a Quote
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Institutional counterparties only 38 Exchanges in 34 Countries

Liquidity Against Listed Equity

Securities-backed lending,
without exiting the position.

Securities-backed lending is a loan secured by a pledge of listed shares. It lets controlling shareholders, founders, and family offices raise capital without selling: they keep ownership, voting rights, and the upside, and recover the full position on repayment. We arrange these loans against shares on 38 exchanges in 34 countries, typically for 12 to 36 months.

Request a confidential quote How it works
What We Do

What does securities-backed lending
offer a shareholder?

Securities-backed lending offers capital without a sale: a loan secured by a pledge of listed shares, also called a Lombard loan, share-backed financing, or a stock loan. The shareholder retains beneficial ownership, the right to dividends (subject to structuring), and the option to recover the full position on repayment.

The instrument is centuries old; the discipline is in the structuring. We arrange institutional financing against listed equity, on terms calibrated to the position, the market, and the holder. Capital is released, the shares stay where they are, and the shareholder need not choose between liquidity and ownership.

Where We Lend

In which markets can you borrow against shares?

You can borrow against shares listed on the principal exchanges of every major capital market: 38 exchanges in 34 countries. Securities-backed lending is, structurally, a function of the market in which the collateral is listed. Each exchange brings its own regulatory framework, disclosure regime, settlement mechanics, and liquidity profile.

See all 38 exchanges in 34 countries
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Asia-Pacific

14 countries · 16 exchanges

Hong Kong (HKEX), Japan (TSE), China (SSE, SZSE), Korea, Taiwan, Singapore, Australia, NZ, India (BSE, NSE), Thailand, Indonesia, Malaysia, Philippines, Vietnam.

Asia-Pacific markets HKEX · TSE · SSE · SGX · ASX
From Enquiry to Funding

How does a loan go from enquiry to funding?

A loan goes from enquiry to funding in five disciplined stages, with senior principals throughout. Indicative terms typically follow within one or two business days, and documentation runs in parallel with the custody arrangement. Capital is deployed against agreed timelines.

  1. Stage One

    Confidential Enquiry

    High-level details of the position, submitted through a secure channel. Initial dialogue with senior principals only.

  2. Stage Two

    Indicative Terms

    Preliminary structure typically issued within one to two business days of the initial submission.

  3. Stage Three

    Documentation

    Institutional documentation in parallel with regulatory, tax, and disclosure review by counsel of the borrower’s choosing.

  4. Stage Four

    Custody & Pledge

    Shares pledged to a qualified custodian under bankruptcy-remote arrangements. Beneficial ownership preserved throughout.

  5. Stage Five

    Funding & Stewardship

    Capital deployed against agreed timelines. An ongoing point of contact maintained throughout the life of the facility.

Indicative terms within 1–2 business days See the process in full
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Ownership preserved
The Premise

Why borrow against shares
instead of selling them?

A sale extracts the capital and the holder; a securities-backed loan extracts only the capital. The shareholder keeps the position, the voting rights, the upside, and the disclosure footprint of the underlying. Cash is released against a fraction of the position’s market value, and the position is recovered in full on repayment.

Capital released, position intact. That is the institutional truth at the centre of the instrument: the right transaction extracts value from a position without extracting the holder from the position. The whole discipline is the structuring of that transaction.

Ownership
Retained
Voting rights
Retained
On repayment
Recovered in full
Who Uses Stock Loans

Who uses securities-backed loans, and why?

Securities-backed lending serves five recurring counterparty profiles: founders, family offices, controlling shareholders, concentrated single-stock holders, and pre-IPO investors. It is one instrument with five recurring applications, and each profile page details the structuring considerations specific to that holder.

Founder Stock Loans

Liquidity against locked-up or insider-restricted founder equity, without selling and without breaching the lock-up.

Family-Office Stock Loans

Stock loans within multigenerational trust structures: diversification, downstream deployment, and succession bridging.

Controlling Shareholders

Liquidity without disturbing voting control, the share register, or the position under the takeover code.

Pre-IPO & Lock-Up Bridges

Liquidity for pre-IPO investors and founders through the post-IPO lock-up, ahead of the exit, without forcing the timing.

Common Questions

What do shareholders ask about securities-backed lending?

Read the securities-backed lending explainer
Q · 01

What is securities-backed lending?
Securities-backed lending is a loan secured by a pledge of listed shares. The shareholder borrows against a fraction of the position’s market value (the loan-to-value), keeps beneficial ownership and dividend rights (subject to structuring), and recovers the full position on repayment. It is also called share-backed financing, Lombard lending against listed equity, or, in some markets, a stock loan.
Q · 02

Does "stock loan" mean lending my shares out?
Not here. On this site a stock loan is cash borrowed against listed shares that you pledge and keep. Lending shares out to borrowers such as short sellers is securities lending, a different transaction: see securities lending vs securities-backed lending.
Q · 03

How is a securities-backed loan different from selling the shares?
A sale realises capital but removes the holder from the position, while a securities-backed loan releases capital and leaves the position with the holder. The shareholder keeps the voting rights, the dividend stream (subject to structuring), the upside, and the entire economic exposure to the underlying. The transaction is reversed in full when the loan is repaid.
Q · 04

What loan-to-value ratio is typical?
No typical figure is published: loan-to-value is set per position, not per asset class. It depends on free float, average daily trading volume, market capitalisation, sector volatility, single-stock concentration risk, and the shareholder’s regulatory profile. Indicative ratios are issued only after a review of the specific position, not from a rate sheet.
Q · 05

Which markets can be lent against?
Securities-backed lending is structured against shares listed on 38 exchanges in 34 countries, across the Americas, the United Kingdom and Europe, the Middle East and Africa, and the Asia-Pacific region. Each exchange brings its own regulatory framework and disclosure regime, which shape the structure of the transaction.
Q · 06

Who is securities-backed lending for?
The firm arranges it for institutional holders of listed shares and does not solicit or accept retail business. Borrowers include controlling shareholders of listed companies, founders with concentrated personal holdings, and public corporates with strategic listed-equity positions. Single-family offices managing concentrated single-stock exposure and sophisticated institutional investors using listed equity as collateral are also served.
Q · 07

What size of transaction do you arrange?
Transactions are structured for positions of institutional scale, with no defined upper bound. Lower bounds are set by the practical economics of structuring institutional documentation and custody arrangements for a discrete transaction. Indicative size thresholds are discussed at the enquiry stage.
Confidential Enquiries

A confidential conversation begins with one message.

No obligation. No intermediaries. A senior principal will respond.

Request a Confidential Quote [email protected]