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Tool Illustrative · Indicative Only

SBLOC & LTV: what moves the advance.

A transparent way to see which characteristics of a position support a higher advance on a securities-backed loan or line of credit (SBLOC), and which pull it lower — built from the drivers this site itself sets out. It returns a standing, never a ratio.

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No loan-to-value figure or band is published on this site, because the ratio is a property of the collateral rather than of the product: it follows the holdings, and no honest number can be quoted before they have been reviewed. This calculator does not pretend otherwise. What it does is make the reasoning legible: enter a few high-level characteristics of a position, and it applies the same drivers described in Loan-to-Value Calibration — liquidity and free float, volatility, position size relative to the market, concentration, and recourse — to show whether the profile stands toward a lower, mid-range, or higher advance, and which factors put it there. It is not an offer, a quote, or advice, and it collects nothing you enter.

Illustrative and indicative only — not an offer, quote, or advice. The firm publishes no rate card and no loan-to-value band, because the ratio follows the collateral; it is confirmed only after a review of the actual holdings. Actual terms are set case-by-case. This tool runs entirely in your browser, makes no network calls, and stores nothing. Do not enter material non-public information.

A rough proxy for typical volatility and market depth only. The issuer, not the sector, drives the real calibration.
Order of magnitude only, in any major currency. Used as context for scale, not as a price input.
Depth of the market a lender would trade into. Thinner liquidity supports a lower advance.
Higher volatility requires a larger cushion, which supports a lower advance.
How long a lender would need to liquidate the pledge. Larger relative size supports a lower advance.
Non-recourse shifts tail risk to the lender, which supports a lower advance.

The calculation runs in your browser. Nothing is submitted or stored.

Method
How It Works

The heuristic, disclosed.

The calculator is deliberately simple and fully transparent. There is no hidden model and no data feed. It applies the drivers this site sets out, weighs them against one another, and reports a standing rather than a ratio.

  • 1
    Score, do not price. Each characteristic carries an ordinal weight that says only how favourably it reads against the others. The weights are not percentages, they are not converted into one, and no loan-to-value figure or band exists anywhere in the tool.
  • 2
    Weigh liquidity and free float. Deeper free float and higher trading volume support a higher advance; a thin, concentrated market supports a lower one. See the calibration framework.
  • 3
    Weigh volatility. A higher-volatility underlying needs a larger cushion, which supports a lower advance; a stable, mature underlying supports a higher one.
  • 4
    Weigh position size versus its market. A pledge that would take months to liquidate is treated far more cautiously than one that clears in days.
  • 5
    Weigh concentration and the sector proxy. Concentrated registers and higher-volatility sectors support a lower advance; deep, stable sectors support a higher one. Sector is a proxy only.
  • 6
    Weigh recourse. Full recourse supports the higher end; non-recourse, which shifts tail risk to the lender, supports the lower. See recourse profiles.
  • ·
    Report a standing, and show the working. The result is one of three qualitative positions — lower advance, mid-range, or higher advance — alongside the factors that supported it and the factors that tempered it. It is never expressed as a ratio, a percentage, or an amount, because that would imply a quote that does not exist.

What the calculator cannot see is as important as what it can. It has no view of the specific issuer, the exact position, custody arrangements, prevailing institutional credit conditions, cross-currency exposure, or your objectives — all of which move a real calibration. That is precisely why no band is published: loan-to-value is a property of the collateral rather than of the product, and it is fixed at the indicative-terms stage only after a review of the actual holdings.

Related
Read the Framework

The reasoning behind it.

How Much Can You Borrow?

The loan-to-value explained in plain English — how different position profiles stand relative to one another, and the drivers behind that standing.

Read →

Loan-to-Value Calibration

The six position variables and the structural variables that determine LTV on a stock loan.

Read →

Typical LTV: Nasdaq vs HKEX

Why LTV is a property of the position, not the exchange — and what the listing market does change.

Read →

Securities-Backed Lending

How the instrument works: pledged shares, retained ownership, LTV, tenor, recourse, and custody.

Read →
FAQ
Common Questions

On this tool.

Q · 01 Is this an offer or a quote?
No. The output is illustrative and indicative only. It is not an offer, a quote, a commitment, or advice. The firm publishes no rate card and no loan-to-value band. Loan-to-value is a property of the collateral rather than of the product, so an actual ratio is calibrated to the specific position and structure at the indicative-terms stage and confirmed only after a review of the actual holdings, typically within one to two business days of an enquiry.
Q · 02 How is the result calculated?
The tool scores the factors this site itself identifies as the drivers of loan-to-value: liquidity and free float, volatility, the size of the position relative to its market, the sector proxy, scale, and the recourse profile. It then reports where the profile stands relative to others, toward a lower advance, a mid-range advance, or a higher advance. Deeper liquidity, lower volatility, a smaller relative position, and full recourse support a higher advance; thinner liquidity, higher volatility, a large relative position, and non-recourse support a lower one. The scoring is ordinal only and is never expressed as a percentage. The full method is disclosed on this page. It runs entirely in your browser and returns a qualitative standing, never a ratio.
Q · 03 Why does my sector matter?
Sector is used only as a rough proxy for typical volatility and liquidity depth. Large-cap, low-volatility sectors such as consumer staples or utilities tend to support a higher advance, while higher-volatility sectors such as biotechnology or early-stage technology tend to support a lower one. Sector is a starting proxy only; the actual calibration is driven by the specific issuer and position, not by the sector label.
Q · 04 Does the tool store or send my inputs anywhere?
No. The calculator is entirely client-side. Nothing you enter is stored, logged, or transmitted. There are no network calls, and no material non-public information should be entered. Closing or refreshing the page discards everything.
Q · 05 Why does the tool not show a loan-to-value figure?
Because loan-to-value is a property of the collateral rather than of the product, and no honest figure can be quoted before the actual holdings have been reviewed. The ratio depends on variables the calculator cannot see, including the specific issuer, the exact position, prevailing institutional credit conditions, custody arrangements, and tenor, so any number shown here would imply a quote that does not exist. The firm therefore publishes no loan-to-value band. What the tool can show honestly is where a profile stands relative to others, and which of its characteristics support the advance and which temper it.
Confidential Enquiries

Want the real indicative terms?

Submit a confidential enquiry. A senior principal will calibrate indicative terms to your specific position and respond within one business day.

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