Editorial Standards

The pages on this site are educational. They explain how Lombard lending works, how it differs from adjacent instruments, and how the treatment of a pledge varies from one market to the next. They are written to be understood by substantial holders and their advisers, not to sell a product. This notice explains how they are prepared.

1. Purpose — educational, not advisory

Nothing on this site is personalised legal, tax, investment, or accounting advice, and nothing on it is an offer or a solicitation. General explanations cannot account for an individual holder’s position, jurisdiction, or objectives. Any figure, structure, or regulatory point described here should be confirmed with a qualified professional adviser and against the relevant primary sources before it is relied upon. The full legal position is set out in the disclosures.

2. Authorship — written by the firm’s principals

The reference pages and insight articles on this site are written and reviewed under the names of the firm’s senior principals, whose backgrounds are set out on the about page. Where an article carries a named author, that person is accountable for it; the market and use-case pages are prepared by the same team.

• Nicolas Berger, Managing Principal — the instrument, origination, and use-case material.
• Isabelle Chappuis, Head of Structuring — loan-to-value calibration, recourse profiles, custody, and pledge documentation.
• Matthias Roth, Head of Markets — per-market eligibility, regulatory frameworks, custody, and cross-currency considerations.

This site does not maintain an external editorial board, and it does not claim third-party review, certification, or accreditation that it does not hold. The authorship above is the firm’s own team; where a topic touches legal, tax, or accounting matters, readers are directed to their own professional advisers rather than to a claim of in-house expert review.

3. Sourcing — regulatory points trace to named regulators

Where a page states a regulatory fact — a disclosure threshold, a beneficial-ownership regime, a takeover or market-abuse rule — that statement is drawn from the framework of the official regulator or exchange for the market in question, and the framework is named on the page so it can be checked at source. The named regulator’s own publications are the authoritative source; where this site and the primary source differ, the primary source governs. The principal regulators and rulebooks the pages cite include:

• Switzerland — the Swiss Financial Market Supervisory Authority (FINMA) and SIX Exchange Regulation; the disclosure-of-shareholdings regime under the Financial Market Infrastructure Act (FinMIA).
• United Kingdom — the Financial Conduct Authority (FCA); the Disclosure Guidance and Transparency Rules (DTR 5). Takeovers: the Takeover Panel.
• United States — the U.S. Securities and Exchange Commission (SEC); the Schedule 13D/13G beneficial-ownership framework under the Securities Exchange Act of 1934.
• Hong Kong — the Securities and Futures Commission (SFC); the Securities and Futures Ordinance, Part XV Disclosure of Interests. Listing: HKEX.
• European Union — the European Securities and Markets Authority (ESMA) and national competent authorities; the Transparency Directive and the Market Abuse Regulation.
• Other covered markets — each market page names the official regulator, self-regulatory body, and rulebook for that jurisdiction; the named regulator’s own publications are the authoritative source.

Regulatory regimes change. A citation on this site reflects the framework as the page understood it at the time of writing, and each market page is a summary rather than a substitute for the primary rules.

4. Figures — indicative, and labelled as such

This site does not publish a rate card, and it does not quote loan-to-value ratios, interest rates, or transaction sizes as fixed offers. Where ranges appear — for example, that a loan-to-value sits illustratively in the region of 20% to 65% depending on the collateral, or that tenors are typically twelve to thirty-six months — they are indicative of common practice, not a commitment applicable to any particular position.

• No published pricing. Loan-to-value and pricing are calibrated per position after review; indicative terms for a specific position are issued privately, not from this website.
• Ranges are illustrative. Loan-to-value bands, recourse profiles, and process timings describe how transactions are commonly structured; an individual transaction may fall outside them.
• Internal consistency. Recurring figures — tenor bands, process timings, and the loan-to-value envelope — are kept consistent across the site, so the same fact reads the same way wherever it appears.
• No invented statistics. The site does not publish deal counts, assets-under-management figures, client names, testimonials, awards, or press claims, because those are not maintained for publication here.

5. Posture — an introducer and arranger

The firm acts as an introducer and arranger of private, portfolio-backed financing transactions. It is not a bank, not a deposit-taker, not a discretionary investment manager, and does not hold itself out as a regulated investment adviser except to the extent expressly stated in writing at the point of engagement. This posture shapes the content: the site explains the instrument and the markets, and describes the structuring discipline, but it stops short of advice tailored to a reader’s circumstances. The firm’s legal entity and registered office are stated on the about page and in the disclosures.

6. Corrections — how to report an inaccuracy

If you find an error on this site — a mis-stated regulatory point, an out-of-date citation, a figure that reads inconsistently, or a broken reference — we would like to correct it. Write to enquiries@lombardfinancing.com with the page, the statement in question, and, where possible, the primary source that supports the correction. Substantive corrections are reflected on the page, and the page’s modification date is updated when material content changes.