Direct lender since 2007
Global clients
195+ countries · 80+ exchanges
High-value transactions
Private & confidential
Typical mandate range $1M–$1B+ · Qualified clients
Rates, terms & advance rates
Transparent expectations: what drives pricing, how LTV is thought about, and what belongs in your disclosure package.
General explanation of rates
Interest cost on securities-backed loans generally reflects collateral risk, term, advance rate, and market conditions. Stronger collateral profiles (liquid, diversified, lower beta) often support more attractive pricing than single-name, volatile positions.
Factors that affect terms
- Exchange listing and average daily trading volume
- Issuer concentration and sector
- Loan size and duration
- Custody and control mechanics
- Regulatory or transfer restrictions on the shares
Loan-to-value (advance rate)
LTV is not a guarantee—it is a risk limit. If collateral value falls, maintenance or remedy provisions may apply depending on structure (including scenarios that resemble margin maintenance). Read risks alongside this page.
Informational note
Nothing here is an offer of credit. Final rates, fees, covenants, and remedies are only found in executed agreements and disclosures.
Frequently asked questions
LTV (or advance rate) expresses how much you can borrow relative to the lender’s valuation of eligible collateral. Higher volatility or lower liquidity often means more conservative advance rates.
Products differ. Some programs emphasize fixed coupons for predictability; others use floating benchmarks. Your term sheet states what applies to you.
Disclose and review all origination, custody, legal, and maintenance costs in writing before you proceed. Marketing summaries are not substitutes for executed documents.
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