Insights on Lombard credit.
Notes on portfolio-backed lending — the instrument, its loan-to-value, its structures, and its use across private wealth. Written and reviewed by the firm’s principals.
Notes on Lombard credit.
Lombard Financing’s insights explain how Lombard loans work in practice: how the pledge is taken and the loan-to-value set, what a facility costs and risks, how it is taxed, and how founders, family offices and other holders use it.
Who Qualifies for a Lombard Loan? Requirements and Minimums
The criteria in full: the US$2 million equivalent minimum, eligible and excluded shares, clean title, and investor-status thresholds by market.
27 October 2026 · Nicolas Berger Read →
When Your Broker Won’t Lend Against Your Shares
Why broker securities-based lines cap or refuse concentrated, restricted and non-US positions, what a bespoke facility does, and when the broker line fits.
27 October 2026 · Nicolas Berger Read →
Do You Have to Disclose a Share Pledge? Rules by Market
Who must disclose a share pledge, at what threshold, and what becomes public on enforcement, set out market by market from official texts.
27 October 2026 · Matthias Roth Read →
Securities-Based Lending Market Size: What Banks Report
Securities-based and Lombard lending figures from ten banks and brokers, copied as printed with dates and sources, and why they cannot be added up.
27 October 2026 · Matthias Roth Read →
Lombard Loan Term Sheet Explained, Clause by Clause
What each clause of a Lombard term sheet says, why it matters and how lenders differ, with the borrower-unfavourable variants named and a checklist.
27 October 2026 · Isabelle Chappuis Read →
How Is a Lombard Loan Secured? The Pledge, Explained
How the security behind a Lombard loan works: the pledge over a custody account, who owns the shares, when the lender may sell or re-use them, and release on repayment. General information, not legal advice.
20 October 2026 · Isabelle Chappuis Read →
Lombard Loan Interest in Switzerland: Is It Tax-Deductible?
For a Swiss-resident private borrower, deductible within a cap of investment income plus CHF 50,000 until end-2028; from 2029, only pro rata to rented Swiss property. General information, not tax advice.
28 September 2026 · Nicolas Berger Read →
Supervisory Haircuts and Lombard LTV: Basel CRE22 Explained
How a bank lender’s own capital rules shape the advance it can offer — eligible financial collateral, the supervisory haircut table, minimum holding periods, and the currency-mismatch adjustment. General information, not advice.
1 September 2026 · Matthias Roth Read →
How a Lombard Loan Is Sized and Structured
How a facility is sized and structured — what a lender reviews in the portfolio, what drives loan-to-value on a given holding, the buffer to a margin threshold, and what is fixed in the documentation before funding. General information, not a quote.
27 July 2026 · Isabelle Chappuis Read →
Which Private Banks Offer Lombard Loans?
A neutral landscape of who offers Lombard loans: Swiss and continental private banks, UK private banks, and independent specialist arrangers.
26 July 2026 · Matthias Roth Read →
Is It Wise to Use Leverage When Investing? A Lombard View
Whether borrowing against a portfolio is wise turns on purpose, size, and discipline — the legitimate cases, the real risks, and what makes leverage prudent. General information, not advice.
25 July 2026 · Isabelle Chappuis Read →
The Risks of Lombard Lending (and How They Are Managed)
The main risks of Lombard lending — margin calls, forced sales, rate and concentration risk — and how a sound structure manages them.
24 July 2026 · Isabelle Chappuis Read →
Lombard Loans During Market Volatility: Managing the Buffer
How a Lombard facility behaves in volatile markets, and how a conservative loan-to-value buffer set in calm markets is what protects you when they are stressed.
23 July 2026 · Isabelle Chappuis Read →
Can You Borrow Against a Stocks & Shares ISA? The Rules
Generally no: ISA rules bar using the investments inside the wrapper as loan security. What you can borrow against instead, and why.
22 July 2026 · Isabelle Chappuis Read →
Borrowing Against Private Company Shares: The Options
Why unlisted, private company shares are hard collateral for a Lombard loan, why they fall outside the firm’s criteria, and the alternatives before an IPO.
20 July 2026 · Nicolas Berger Read →
Why Is It Called Lombard Lending? A Short History
The name traces to the medieval Lombard merchant-bankers of northern Italy who lent against pledged goods — the history behind the term.
18 July 2026 · Nicolas Berger Read →
How to Borrow Against Stocks: A Step-by-Step Guide
How to borrow against stocks step by step: eligibility, loan-to-value, rates, drawdown, and repayment on a Lombard loan.
15 July 2026 · Nicolas Berger Read →
Buy, Borrow, Die: How the Wealthy Borrow Against Stock
Why founders and UHNW investors borrow against shares rather than sell them: ‘buy, borrow, hold’ and the US ‘buy, borrow, die’ strategy, explained.
14 July 2026 · Nicolas Berger Read →
Lombard Loan Margin-Call Risk: What If Your Shares Fall?
How margin calls work on a Lombard loan: warning thresholds, top-up options, and how to reduce the risk.
13 July 2026 · Isabelle Chappuis Read →
Borrow Against Stock to Buy Property Without Selling
Use a Lombard loan against your share portfolio to fund a property purchase or bridge, without selling stock.
12 July 2026 · Nicolas Berger Read →
Borrowing Against Shares: Does It Trigger Capital Gains Tax?
Borrowing against shares does not itself trigger CGT: how a Lombard loan defers the tax event versus selling.
11 July 2026 · Isabelle Chappuis Read →
Lombard Loan vs HELOC vs Personal Loan
Compare rates, speed, collateral, and risk across a Lombard loan, a HELOC, and a personal loan.
10 July 2026 · Matthias Roth Read →
Can You Borrow Against Restricted or Unvested Stock?
When restricted, unvested, RSU and pre-IPO stock becomes freely tradable collateral, and how to plan a facility for that date.
9 July 2026 · Isabelle Chappuis Read →
Lombard Loan vs Selling and Rebuying Your Shares
The true cost of selling and rebuying versus a Lombard loan: crystallised gains, a reset cost base, and time out of the market.
8 July 2026 · Matthias Roth Read →
How to Fund a Tax Bill Without Selling Shares
Use a Lombard loan to pay a tax bill without selling stock, crystallising gains, or forcing the timing.
7 July 2026 · Nicolas Berger Read →
Lombard Loan vs an Equity Collar: Borrow or Hedge?
One raises liquidity, the other hedges downside on a concentrated stock. How they compare, and when to combine them.
6 July 2026 · Matthias Roth Read →
Lombard Loan vs Margin Loan: The Real Difference
Why a bespoke Lombard facility and a brokerage margin account are structured, priced, and governed as different instruments.
4 July 2026 · Isabelle Chappuis Read →
How Loan-to-Value Is Set on a Lombard Loan
The variables behind LTV: liquidity and free float, volatility, position size, concentration, and recourse.
3 July 2026 · Isabelle Chappuis Read →
Portfolio-Backed Credit in Family-Office Structures
Portfolio-backed credit within multigenerational structures: diversification, downstream deployment, and succession bridging.
2 July 2026 · Nicolas Berger Read →
Borrowing Against a Concentrated Single-Stock Position
Raising liquidity from one large holding without selling it, and how concentration shapes the terms.
1 July 2026 · Nicolas Berger Read →
Cross-Currency Lombard Loans
Borrowing in one currency against collateral denominated in another: FX risk, funding choice, and how cross-currency facilities are structured.
30 June 2026 · Matthias Roth Read →
Dividends and Corporate Actions in a Lombard Loan
How dividends, rights issues, and other corporate actions are treated while a securities portfolio is pledged.
28 June 2026 · Matthias Roth Read →
Non-Recourse Stock Loans: How Lombard Recourse Works
When the lender’s only remedy is the collateral: what non-recourse means for loan-to-value, pricing, and borrower protection.
20 June 2026 · Isabelle Chappuis Read →
The Tax Treatment of a Lombard Loan
Why borrowing against a portfolio is not a disposal, and the tax considerations that follow — in general terms, not advice.
10 June 2026 · Nicolas Berger Read →
Lombard Loans in Switzerland: A Private-Banking Tradition
The Swiss private-banking tradition of Lombard credit: how it developed and why Geneva and Zürich remain its home.
30 May 2026 · Matthias Roth Read →Have a position in mind? Begin a confidential conversation with a principal.
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