Single stock financing: raising capital against one concentrated listed position
Why one large holding is treated differently from a portfolio, and the options open to holders in Asia-Pacific.
Last reviewed 2026-10-25
Education only. This is not financial, legal or tax advice, and it is not an offer. Terms vary by provider and case. Take independent advice before you sign anything.
The short answer
Single stock financing (also called single stock lending) is capital raised against one listed holding rather than a diversified portfolio. Banks and brokers often limit it, so holders of concentrated positions frequently turn to specialist providers offering non-recourse, cross-border financing with no personal guarantee.
Single stock vs portfolio financing
| Single stock financing | Portfolio margin / Lombard | |
|---|---|---|
| Collateral | One listed stock | A mix of stocks, bonds and funds |
| Who offers it | Specialist providers; some banks case by case | Banks, private banks and brokers |
| Main assessment | Liquidity, volatility and size of the one holding | Diversification of the portfolio |
| Guarantee | Can be non-recourse, no personal guarantee | Usually full recourse |
| Typical holder | Founders, insiders, family offices | Diversified investors |
What providers look at
- Average daily trading value against the size of the holding.
- Free float and how widely the stock is held.
- Price history and sector.
- Upcoming corporate events such as results, dividends or index changes.
- Your role at the company and any dealing windows.
Market variants
Single stock financing is used across Hong Kong, Singapore, Malaysia, Thailand, Indonesia, Taiwan, Japan, Australia and Vietnam. Each market has its own settlement practice and disclosure rules, so a cross-border provider plans the facility around the market where the shares are listed.
Frequently asked questions
Raising capital against one listed holding instead of a diversified portfolio.
In search and in practice the terms are used interchangeably for borrowing against one listed stock.
One stock carries more price and liquidity risk than a mixed portfolio, so many lenders cut advance rates or decline.
Squadron Capital works with listed holdings of USD 1 million or more.
Treatment of dividends and voting is set in the documents. Check it before you sign.
Holding one large position?
Squadron Capital provides non-recourse, cross-border financing with no personal guarantee, for listed holdings of USD 1 million or more. A Fast Term Sheet gives you indicative terms to compare.
Get a Fast Term Sheet