LTV: what moves the advance.
Where a Lombard loan stands, from a collateral profile, a liquidity band, and a recourse choice — and which of the three support the advance, which temper it. No ratio is published, and nothing leaves your browser.
Loan-to-value (LTV) is the proportion of your pledged assets’ market value released as cash. The firm publishes no figure and no band for it, because the ratio is a property of the collateral rather than of the product: it follows the holdings, and it is confirmed only after they have been reviewed. What this tool does instead is apply a published, deliberately simple heuristic so you can see, in the open, how a collateral profile, a liquidity band, and a recourse choice move the advance up or down. It runs entirely in your browser and collects nothing.
Choose a collateral profile, a liquidity band, and a recourse profile, then select See where this collateral stands to see whether the position reads toward a lower, mid-range, or higher advance — and which of your three choices put it there.
The heuristic, in the open.
The calculator ranks the collateral profile, then weighs liquidity and recourse against that ranking, and reports where the whole reads on a three-part scale. It works in standing, not in percentages: no base ratio, adjustment in points, floor, ceiling, or midpoint exists anywhere in it. Everything it does is set out below. It is a teaching aid, not an underwriting model.
1 · Ranking the collateral profile
The four profiles are ordered by how confidently a lender could value the security and, if it came to it, realise it. Nothing is attached to that order except the order itself.
| Diversified large-cap portfolio | Most supportive |
|---|---|
| Single large-cap stock | Supportive |
| Mid-cap stock | Less supportive |
| Small-cap or concentrated position | Least supportive |
2 · Liquidity
Liquidity is the size of the position measured against its daily trading volume. High liquidity supports a higher advance, because the position could be unwound without moving the price; Medium is neutral; Low supports a lower one, and does so more strongly than High supports a higher one.
3 · Recourse
Non-recourse supports a lower advance, because the lender’s only remedy is the collateral; Limited-recourse is neutral; Full-recourse supports a higher one, because the borrower stands behind the loan. As with liquidity, the protective choice weighs more heavily downward than the supportive choice weighs upward.
4 · Reading the result
The three readings are taken together and reported as one of three standings — a lower advance range, a mid-range advance, or a higher advance range — alongside the choices that supported the advance and those that tempered it. No ratio appears, and none is implied. That is not a limitation of the tool but the honest position: loan-to-value is a property of the collateral rather than of the product, so the firm publishes no figure and no band, and the ratio is confirmed only after a review of the specific holdings. A typical Lombard tenor of twelve to thirty-six months is shown alongside.
- This result is illustrative and indicative only. It is not an offer, a quote, a commitment, or financial, legal, or tax advice.
- The firm publishes no rate card and no loan-to-value band, because the ratio is a property of the collateral rather than of the product. It follows the holdings, and it is confirmed only after a review of the specific holdings.
- The calculator runs entirely in your browser. No inputs are collected, stored, or transmitted, and nothing you select is sent anywhere.
- Actual loan-to-value depends on the specific securities, the market, the size of the position, and the structure of the facility — not on three dropdowns.
For a fuller, plain-language treatment of what really drives the advance, read how much you can borrow against shares. To put a real position in front of a principal, request confidential, indicative terms.
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