Lombard loans on the Nasdaq.
Private credit against Nasdaq Stock Market-listed shares — pledged, not sold.
A Lombard loan against Nasdaq-listed shares is credit secured by a pledge of equity listed on the Nasdaq Stock Market. 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 Nasdaq Stock Market (Nasdaq), New York.
- The pledge preserves ownership, dividends, and the upside for the holder.
- Loan-to-value is set per line; funded in USD or cross-currency.
- Structured under SEC, with disclosure from 5%.
The venue
The first fully electronic stock market, today the principal listing venue for technology, biotechnology, and growth issuers. Three tiers calibrate listing standards to issuer maturity.
Regulator and disclosure
The Nasdaq Stock Market operates under U.S. Securities and Exchange Commission (SEC). Schedule 13D / 13G beneficial ownership reports under Section 13(d) of the Securities Exchange Act of 1934. 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 Nasdaq-listed shares are typically arranged for a tenor of twelve to thirty-six months, funded in USD 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 | Nasdaq Stock Market (Nasdaq) |
|---|---|
| City · Country | New York · United States |
| Regulator | U.S. Securities and Exchange Commission (SEC) |
| Disclosure | From 5% |
| Principal indices | Nasdaq-100, Nasdaq Composite |
| Segments | Nasdaq Global Select Market; Nasdaq Global Market; Nasdaq Capital Market |
| Currency · Tenor | USD · 12–36 months |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Financing a position listed on the Nasdaq?
Request terms →See also the country overview: Lombard loans in United States.
Other exchanges in the region.
On this market, specifically.
Liquidity and the index
Nasdaq is the principal listing venue for technology, biotechnology, and growth issuers, and its largest names drive the Nasdaq-100 and the broader Nasdaq Composite. As the first fully electronic market it offers continuous, screen-based liquidity across a very deep book. The character to weigh for a pledge is sectoral: growth and technology lines can carry higher single-name volatility than a diversified large-cap, and that volatility — rather than raw turnover — is usually what governs how conservatively a Lombard loan is sized against a Nasdaq position.
Structuring notes
Nasdaq’s three tiers — the Global Select Market, the Global Market, and the Capital Market — calibrate listing standards to issuer maturity, and the tier a line occupies is a useful read on its depth and free float when eligibility is assessed. Settlement follows standard US mechanics, with the pledged shares held by a qualified custodian so the client’s ownership is preserved throughout. For founders and insiders in newly public growth companies, the Lombard credit is arranged with lock-up and affiliate-resale considerations in view, so the structure sits comfortably alongside their reporting obligations.