Lombard loans in Austria.
Private credit against Austria-listed shares — pledged, not sold, with ownership retained.
A Lombard loan against Austria-listed shares is credit secured by a pledge of equity listed on the Wiener Börse. The holder pledges the shares as collateral, draws cash against a fraction of their market value, keeps beneficial ownership and dividends subject to structuring, and recovers the position in full on repayment.
- Lombard loans are arranged against shares listed on the Wiener Börse (Wiener Börse).
- The pledge is not a sale: ownership, dividends, and the upside stay with the holder.
- Loan-to-value is calibrated to the specific position, funded in EUR or cross-currency.
- Structured under the FMA regime, with disclosure from 4%.
Eligible collateral and venues
Lombard Financing arranges facilities against equity listed on the principal Austria venue: Wiener Börse (Vienna Stock Exchange) (Wiener Börse). Eligibility at the position level turns on the liquidity and free float of the specific line, its volatility, and the size of the holding relative to its typical traded volume — the same variables that drive the loan-to-value.
Regulator and disclosure
Shares listed in Austria are regulated by Finanzmarktaufsicht (FMA) (FMA). Substantial-shareholding disclosure is triggered from 4%, and a pledge over a large line is structured with that reporting regime in view so that the transaction remains discreet and compliant. Where a holding sits near a control or takeover threshold, the structure is arranged to avoid disturbing the position.
Funding, custody, and structuring
Facilities are typically arranged for a tenor of twelve to thirty-six months, funded in EUR or in another currency on a cross-currency basis. Throughout the facility the pledged shares are held by a qualified custodian under bankruptcy-remote arrangements, so the security is clean and the holder’s ownership is preserved. Non-recourse, limited-recourse, and full-recourse structures are available, and the choice interacts with the loan-to-value and the pricing.
| Listing venue(s) | Wiener Börse (Vienna Stock Exchange) (Wiener Börse) |
|---|---|
| Regulator | Finanzmarktaufsicht (FMA) (FMA) |
| Currency | EUR (cross-currency available) |
| Disclosure threshold | From 4% substantial-holding disclosure |
| Principal indices | ATX, ATX Five, ATX Prime |
| Indicative tenor | 12–36 months, renewable by agreement |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Considering a Lombard loan against a Austria-listed position?
Request terms →Lombard loans across United Kingdom & Europe.
On this market, specifically.
Disclosure and regulation
Austria has a distinctive disclosure ladder: under the Stock Exchange Act a voting-rights holder notifies the FMA from 4%, then at 5, 10, 15, 20, 25, 30 and on in fine steps to 90% — a first threshold and structure unlike most EU peers. A Lombard loan against a Vienna-listed holding keeps ownership and the vote with the client and does not itself cross these lines. Because that opening 4% mark is low and particular, we pay close attention to where a substantial position sits, and draw the credit so that enforcement would not compel an unexpected filing or unsettle the client's position.
An illustrative example
To illustrate, a private client with €18 million of an ATX constituent might arrange a Lombard loan at 45% loan-to-value, comfortably within our 20–65% range, unlocking about €8.1 million. Ownership stays with the client, dividends and voting rights continue, and nothing is sold. The advance can be drawn in euro or in another currency where the client's spending sits. As always the figures are rounded and illustrative only, intended to show how a facility is shaped rather than to quote any rate or commercial term.
Illustrative only — not an offer, a quotation, or a commitment to lend.