Easy eligibility, a very wide selection of eligible securities, and a "bend over backwards" philosophy aimed at getting you the right loan quote - these are standard with our Securities Finance stock loan and securities finance programs. The result is the highest LTV in the industry, the strongest security, the lowest rates and fees, and a tradition of customer service with an experienced staff to guide you every step of the way.
After we speak to you and receive your account statement (held in strictest confidence per our Privacy Policy) we will review your portfolio carefully, whether consisting of single or mixed securities, and promptly provide a term sheet and quote for one of several stock loan or securities finance structures. Later, in concert with your institutional account advisor, you'll fine- tune your loan quote until you have the financing you require.
You will need to own securities with a current market value of no less than $150,000, which will be reflected on the account statement that you send to us with your initial application. (Exceptions can be made on a case-by-case basis for smaller portfolios). Securities with no current, active market and no trading history are not eligible for these loans. Medium-term notes (MTNs), Standby Letters of Credit (SBLCs) are also not eligible for this facility.
Security Type |
Up to |
U.S. Treasury notes/bills |
95% LTV |
| Treasury strips |
92% LTV |
| Fannie Mae, Ginnie Mae CMOs |
90% LTV |
| U.S. stocks and selected non-U.S. stocks |
85% LTV |
| U.S. government agency bonds |
80% LTV |
| U.S. municipal bonds |
80% LTV |
| Corporate/Non-convertible bonds |
70% LTV |
| Foreign sovereign debt |
70% LTV |
| Convertible bonds |
50% LTV |
| Exchange-Traded Funds (ETFs) |
50% LTV |
| Unit Investment Trusts (UITs) |
50% LTV |
| Variable Rate Demand Obligations (VRDOs) |
50% LTV |
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