Please note that the following answer only applies to clients of our German broker offering.
Securities are subject to fluctuations in value (volatility). Therefore, not the entire securities position is accepted as collateral in each case, but only a portion - up to the so-called loan-to-value. While broadly diversified ETFs can be loaned to a large extent, derivative securities or crypto ETPs, for example, which are highly susceptible to fluctuations, cannot be loaned at all. The credit line is calculated as the sum of all positions valued at market prices, each multiplied by the loan-to-value ratio.
Direct debits of the last eight weeks may also have an impact on the available credit amount.
Direct debits of the last eight weeks may also have an impact on the available credit amount.