Products
Financing is available against a defined universe of listed instruments. Each asset class carries a published advance rate so you can model your capacity before you draw.
Constituents of major developed-market indices attract the highest equity advance rates. Other listed equities are financed at a reduced band reflecting liquidity and volatility.
Broad-market ETFs benefit from inherent diversification and deep secondary liquidity. Sector and thematic funds carry a wider haircut reflecting concentration.
Developed-market government bonds carry the highest advance rates in the collateral schedule, reflecting low volatility and deep liquidity.
Borrow in GBP, USD or EUR. We recommend matching the loan currency to the currency of the financed assets unless you are deliberately taking a currency position.
| Asset class | Advance rate | Notes |
|---|---|---|
| FTSE 100 / S&P 500 constituents | 70% | Subject to concentration limits and eligibility review |
| Other listed equities (Tier 2) | 50% | Subject to concentration limits and eligibility review |
| Broad-market ETFs | 75% | Subject to concentration limits and eligibility review |
| Sector & thematic ETFs | 60% | Subject to concentration limits and eligibility review |
| Government bonds | 85% | Subject to concentration limits and eligibility review |
Advance rates assume a reasonably diversified portfolio. Where a single holding represents an outsized share of the total, the excess above the concentration threshold receives a reduced advance rate or none at all.
The effect is significant. A portfolio of twenty index constituents at 70% LTV supports substantially more borrowing than the same value concentrated in one or two names — not as a penalty, but because a concentrated position cannot be exited in a stressed market without moving the price.
