Lombard Loan

Lombard Loan

A loan advanced by a pawnbroker to a customer. The term derives from the prosperous pawn shops in Italy in the early modern period.
References in periodicals archive ?
The sharp drop in the bank's net profit was mainly a result of a CHF49m value adjustment to a Lombard loan.
The bank has announced the launch of Lombard Loan products for its wealth management clients in India.
This is called a Lombard loan, and it can be an ideal way to cover financial shortages without having to dispose of the investments.
So the Lombard loan is a credit designed to cover liquidity requirements by pledging your account balance and/or your securities in safekeeping.
The lender's performance for 2011 was also hit by a CHF49m write-down of a Lombard loan, which it has announced previously.
Investec will additionally purchase the Lombard loans in the Isle of Man and Gibraltar.
a[pounds sterling]Attractive equity release and Lombard loans to utilise fixed assets and existing portfolio.
Despite that we recommend buying bonds of MTS even by the higher limit of the price range due to comparing to the other Lombard loans MTSa2 offers a not bad yield at the expense of the longer circulation period.
For example, after the Bundesbank removed certain limits on Lombard loans and began to actively target the overnight interest rate, overnight market rates never rose above the ceiling.
As a private bank, the group's exposure to credit and market risks is minimal as the bulk of lending consists of secured Lombard loans and loans secured by residential property, while trading activities are generally undertaken on behalf of customers.
Loans and SWAP overnight rates, as well as Lombard loans and SWAP rates, are to be cut to 55%, from 60%.
Moreover, Lombard loans with not less yields might be bought at the secondary market (for instance: My Banka3 (B3/a/a), Profmediaa1 (a/B+/a), LSR MBa1 (B2/a/B), LSR MBa2, Tatfondbank MBa1 (B2/a/a).