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 ?
This partly reflected the lack of Lombard loan growth on aggregate in 2Q18, with some client deleveraging in Asia Pacific.
The sharp drop in the bank's net profit was mainly a result of a CHF49m value adjustment to a Lombard loan. Net trading income, which turned negative as costs related to interest rate hedging increased, and a 6.8% drop in net fee and commission income also weighed on LLB's full-year result.
The bank has announced the launch of Lombard Loan products for its wealth management clients in India.
On-balance sheet credit exposures largely relate to a growing but conservatively over-collateralised Lombard loan portfolio, and to highly liquid securities, largely sovereign and supranational debt.
The lender's performance for 2011 was also hit by a CHF49m write-down of a Lombard loan, which it has announced previously.
The refinancing rate was cut 50bp to 10%, an all-time low for Russia; the overnight and one-week direct auction repo rates were set at 7.25% after cuts of 25bpand 75bp cut respectively; the fixed overnight repo and lombard loan rates were cut 50bp to 9%;and deposit rates were also cut by 50bp to 4.75% for overnight.
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.
residential mortgage loans or Lombard loans), highly liquid balance
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.