Stock Loans Against Philippines-Listed Equity
Institutional securities-backed lending against shares listed on Philippine Stock Exchange — for controlling shareholders, founders, and family offices holding positions on the SEC (PH)-regulated Philippines market.
About Philippine Stock Exchange.
Philippine Stock Exchange is the principal cash equity venue of Philippines. Established in 1992 (unification of Manila and Makati Stock Exchanges), it operates today under the regulatory oversight of the Securities and Exchange Commission (Philippines). The exchange’s principal indices are PSEi (PSE Composite Index). Listing standards and continuing obligations are codified in the PSE Listing Rules; Securities Regulation Code (R.A. 8799).
The Philippines’ sole equity exchange. A focused index with significant concentration in conglomerates (the so-called family business groups) and infrastructure issuers; foreign-equity ceilings in regulated sectors shape eligibility for non-resident collateralisation.
The exchange operates the following segments: Main Board; SME Board; Dollar Denominated Securities Board. Each segment imposes its own listing standards and continuing obligations, which interact with the firm’s eligibility analysis for institutional positions.
What qualifies on PSE.
PSE is an established but selective market. Eligibility on PSE is assessed against single-stock liquidity, free float, and shareholder concentration; the firm’s threshold for institutional positions is calibrated to the market’s depth and the specific underlying.
For any specific position on PSE, the firm’s eligibility review addresses: free float and average daily trading volume relative to the contemplated pledge size; the shareholder’s status (controlling shareholder, substantial shareholder, director, or otherwise) and the resulting disclosure profile; the issuer’s sector and the segment in which it is listed; any concurrent regulatory considerations (takeover-code mechanics, foreign-ownership caps, regulated-industry restrictions); and the specific structuring requirements of the contemplated transaction (LTV, tenor, currency, recourse profile, custody arrangement).
Indicative terms for a PSE-listed position are issued only after a review of the specific position. A published rate sheet is not used; the discipline of the structuring is itself the value.
Framework cited on PSE.
The principal regulatory reference on PSE is SRC Rule 18.2. Operational mechanics, reporting levels, step thresholds, and per-transaction interpretation are governed by the underlying rules and the relevant national-law overlays. These are mapped against any contemplated transaction at the structuring stage in coordination with the borrower’s chosen counsel.
For controlling shareholders, directors, and other regulated holders, additional regimes apply on PSE — including the takeover-code mechanics of the Philippines market, insider-dealing rules under the SEC (PH) framework, and listing-rule restrictions on dealings during defined windows. The disclosure footprint of any contemplated transaction is mapped at the structuring stage; sequencing, language, and concurrent regulatory communications are managed accordingly.
References above are public regulatory citations published for information only. They are not legal advice. The primary sources — the PSE Listing Rules; Securities Regulation Code (R.A. 8799), the Securities and Exchange Commission (Philippines) rulebook, and applicable statutory instruments — should be consulted directly. Each enquirer should obtain independent legal advice in the relevant jurisdiction for any specific transaction.
The route to a PSE stock loan.
The firm’s engagement model is consistent across markets: five disciplined stages from confidential enquiry to capital deployment, with senior principals throughout. For PSE-listed positions, the structuring stage addresses the market-specific factors above — settlement under the PSE conventions, custody arrangements with a Philippines-qualified custodian, PHP-denominated and cross-currency options, and disclosure timing under the SEC (PH) regime.
What people most often ask about PSE.
Q · 01 What is the typical loan-to-value for a stock loan against PSE-listed positions?
Q · 02 Which PSE-listed segments are eligible for stock loans?
Q · 03 In which currency can a PSE stock loan be denominated?
Q · 04 Are there foreign-ownership constraints on PSE-listed shares relevant to a pledge?
A specific Philippines position to discuss?
Submit a confidential enquiry. A senior principal will respond within one business day.