Indicative LTV calculator.
A transparent estimate of where a Lombard loan might sit — from a collateral profile, a liquidity band, and a recourse choice. Illustrative only, and it never leaves your browser.
Loan-to-value (LTV) is the percentage of your pledged assets’ market value released as cash. There is no rate card and no single figure; a Lombard loan is always quoted as a range after a review of the specific holdings. This tool applies a published, deliberately simple heuristic so you can see, in the open, how a collateral profile, a liquidity band, and a recourse choice move an indicative range. It runs entirely in your browser and collects nothing.
Choose a collateral profile, a liquidity band, and a recourse profile, then select Calculate indicative range to see an illustrative loan-to-value range.
The heuristic, in the open.
The calculator starts from a base loan-to-value for the collateral profile, applies two adjustments — one for liquidity, one for recourse — and then holds the result within a fixed floor and ceiling. Every number it uses is published below. It is a teaching aid, not an underwriting model.
1 · Base loan-to-value by collateral profile
| Diversified large-cap portfolio | 58 |
|---|---|
| Single large-cap stock | 50 |
| Mid-cap stock | 40 |
| Small-cap or concentrated position | 30 |
2 · Liquidity adjustment
Liquidity is the size of the position measured against its daily trading volume. High liquidity adds 5 points; Medium is neutral; Low subtracts 9 points.
3 · Recourse adjustment
Non-recourse subtracts 9 points, because the lender’s only remedy is the collateral; Limited-recourse is neutral; Full-recourse adds 6 points, because the borrower stands behind the loan.
4 · Midpoint, band, and the disclosed bounds
The three numbers are summed to a midpoint, which is held within a floor of 20% and a ceiling of 65%. The published band then runs from 7 points below that midpoint to 5 points above it, and each end is again held within the same 20% floor and 65% ceiling. That is why the tool always returns a range rather than a single figure: it mirrors how the firm works in practice, quoting an indicative range and never a rate card. 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 always works to a range, never a single figure. A real indicative range follows 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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