Lombard loans in United States.
Private credit against United States-listed shares — pledged, not sold, with ownership retained.
A Lombard loan against United States-listed shares is credit secured by a pledge of equity listed on the NYSE, Nasdaq. 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 NYSE, Nasdaq (NYSE / Nasdaq).
- 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 USD or cross-currency.
- Structured under the SEC regime, with disclosure from 5%.
Eligible collateral and venues
Lombard Financing arranges facilities against equity listed on the principal United States venues: New York Stock Exchange (NYSE); Nasdaq Stock Market (Nasdaq). 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 United States are regulated by U.S. Securities and Exchange Commission (SEC). Substantial-shareholding disclosure is triggered from 5%, 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 USD 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) | New York Stock Exchange (NYSE); Nasdaq Stock Market (Nasdaq) |
|---|---|
| Regulator | U.S. Securities and Exchange Commission (SEC) |
| Currency | USD (cross-currency available) |
| Disclosure threshold | From 5% substantial-holding disclosure |
| Principal indices | S&P 500, Dow Jones Industrial Average, NYSE Composite; Nasdaq-100, Nasdaq Composite |
| Indicative tenor | 12–36 months, renewable by agreement |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Considering a Lombard loan against a United States-listed position?
Request terms →The listing venues in United States.
NYSE
New York Stock Exchange — New York. Regulator: SEC.
NYSE Lombard loans →Nasdaq
Nasdaq Stock Market — New York. Regulator: SEC.
Nasdaq Lombard loans →Lombard loans across Americas.
On this market, specifically.
Disclosure and regulation
In the United States a holder crossing 5% of a listed class files a beneficial-ownership report — Schedule 13D, or the short-form Schedule 13G for passive holders — under Section 13(d) of the Securities Exchange Act of 1934. A Lombard pledge does not, of itself, transfer beneficial ownership, so a private client’s reported position ordinarily continues undisturbed; what merits attention is any shift in voting or investment power the arrangement might imply, and the insider-trading and affiliate-resale constraints that attach to founders and officers. The structure is arranged so the disclosed holding, and its 13D or 13G character, are preserved.
An illustrative example
Consider a private client holding USD 60 million in a large-cap NYSE- or Nasdaq-listed line. At an illustrative loan-to-value of 50% — within the disclosed 20–65% range — a Lombard loan releases roughly USD 30 million in cash while the shares stay pledged and the client keeps ownership, dividends, and the upside. The facility can be drawn in USD or, for a client whose spending sits elsewhere, on a cross-currency basis. The figures are round and purely hypothetical, chosen to show the mechanics rather than any particular pricing.
Illustrative only — not an offer, a quotation, or a commitment to lend.