Lombard loans on the ASX.
Private credit against Australian Securities Exchange-listed shares — pledged, not sold.
A Lombard loan against ASX-listed shares is credit secured by a pledge of equity listed on the Australian Securities Exchange. The holder pledges the shares, draws cash against a fraction of their market value, retains ownership and dividends subject to structuring, and recovers the position on repayment.
- Facilities are arranged against equity listed on the Australian Securities Exchange (ASX), Sydney.
- The pledge preserves ownership, dividends, and the upside for the holder.
- Loan-to-value is set per line; funded in AUD or cross-currency.
- Structured under ASIC, with disclosure from 5%.
The venue
Australia's principal equity venue, distinctively concentrated in resources, financials, and REITs. The Australian takeover regime, including the so-called "creep rule" for substantial holders, interacts with collateralised positions in ways that warrant careful structuring.
Regulator and disclosure
The Australian Securities Exchange operates under Australian Securities and Investments Commission (ASIC). Corporations Act Section 671B: substantial-holding notices required at 5% and at every 1% change above; takeover threshold engages at 20%. A pledge over a substantial line is arranged with that reporting regime in view, so that the facility is both discreet and compliant, and so that positions near a control or takeover threshold are not disturbed.
Structuring a facility here
Lombard facilities against ASX-listed shares are typically arranged for a tenor of twelve to thirty-six months, funded in AUD or another currency on a cross-currency basis, with the collateral held by a qualified custodian under bankruptcy-remote arrangements. Non-recourse, limited-recourse, and full-recourse structures are available; the choice interacts with the loan-to-value and the spread.
| Exchange | Australian Securities Exchange (ASX) |
|---|---|
| City · Country | Sydney · Australia |
| Regulator | Australian Securities and Investments Commission (ASIC) |
| Disclosure | From 5% |
| Principal indices | S&P/ASX 200, S&P/ASX 50, All Ordinaries |
| Segments | ASX main board; ASX Foreign Exempt Listing |
| Currency · Tenor | AUD · 12–36 months |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Financing a position listed on the ASX?
Request terms →See also the country overview: Lombard loans in Australia.
Other exchanges in the region.
On this market, specifically.
Liquidity and the index
The S&P/ASX 200 and the narrower S&P/ASX 50 frame the liquid end of the market, with the All Ordinaries reaching further down the capitalisation scale. The index is distinctively concentrated in resources, the major banks, and listed property — sectors whose largest names carry deep free floats and heavy daily turnover, which supports a fuller advance rate against them. Away from that core, single-stock liquidity thins quickly, and a Lombard loan is sized to the line’s traded volume rather than its screen price. The Foreign Exempt Listing route also brings certain dual-listed offshore issuers within reach.
Structuring notes
Structuring on the ASX turns on the takeover framework. Because the creep rule and the 20% threshold attach to changes in a substantial holder’s relevant interest, the pledge, the margining mechanics, and any enforcement path are documented so that they are not construed as an acquisition — a point that matters most where the client already sits close to a control position. The pledged shares are held with a qualified custodian on bankruptcy-remote terms. For trans-Tasman groups, a line dual-listed on the ASX and NZX can widen the funding and custody options available to the facility.