Around the world the U. S. financial markets are recognized even today for their superior innovation and competitive rates and terms. In most cases, a stock secured loan from a major public institution outside of the U. S. is much more expensive, slower to close, with much higher interest rates and much lower loan-to-value. Bureaucracy, fees, delays, high documentation — the list goes on.
A. B. Nicholas can in some cases accept securities from these countries, provided they meet certain standards. As a rule, we can only use securities that, in their own market, would be considered in the top quarter in their markets (equivalent to “blue chip” in the U. S.) These non-U. S. markets can be considered:
- Hong Kong
- Western Europe
- (All countries) American Depository Receipts (ADR)
Remember please, if you are acting as an intermediary: You must present the actual owner of the securities; we will not process transactions from third parties acting on behalf of the actual client, and passports of the actual client/owner are always required with your term sheet request.