Liquidity without liquidating.

Insofar as the credit limit granted is established by Swissquote based on the collateral value of your assets, certain events may cause Swissquote to reduce this limit at any time. This is possible, in particular, if there is a depreciation in value or lack of liquidity of one or more securities pledged as collateral. The consequences could be the forced sale of securities, the requirement to bring forth additional securities or the reimbursement of the credit. In extreme cases, there is a risk of total loss of assets. Price and currency risks are borne exclusively by the client.

Furthermore, obtaining a Lombard loan for private asset management may be considered by the Federal Tax Administration as an indicator of taxable gainful self‑employment. The client is solely responsible for any tax consequences resulting from the reclassification of his/her trading activities as gainful self‑employment.

The information above is provided for guidance only and shall not be construed as constituting any offer, advice or recommendation to obtain a Lombard loan, to buy or sell a security or to carry out any transaction whatsoever, nor shall it be construed as any form of advice whatsoever, such as tax or legal advice.

The products and services presented are authorised for sale in Switzerland. They are not intended for people who, by reason of their nationality, registered place of business, domicile or other reasons, are subject to a domestic legal framework which prohibits foreign financial service providers from engaging in business activities at these locations, or which prohibits or restricts legal entities or natural persons subject thereto from accessing the websites of foreign financial service providers.