2. 1
Liquidity Access Line is offered by Morgan Stanley Private Bank, National Association.
A Liquidity Access Line1
allows you
to use the eligible securities in your
brokerage account as collateral for a line
of credit. You can finance real estate
purchases, fund tax obligations, cover
business expenses or any other financing
need — without liquidating assets.
There are risks associated with using securities as
collateral for a securities based loan, including possible
margin calls on short notice. See the disclosures at
the end of this brochure for details.
T H E B E N E F I T S O F
Liquidity Access Line
Competitive floating- or fixed-interest rates
with typically no fees.
Simple application process and easy to manage online.
Access funds on demand. Funds are ready when you are.
Your current investment strategy remains intact.
Flexible repayment options.
1
2
3
4
5
3. LIQUIDITY ACCESS LINE
Borrow against portfolio
to access financing
LIQUIDATE ASSETS
Sell existing assets
or use cash reserves
TRADITIONAL BANK LOANS
Commercial and residential mortgage
loans, including home equity lines
of credit, student loans, etc.
GETTING STARTED
Simple application process N/A
No personal financial statements,
multiyear tax returns or other documentation required
1
Credit decision typically in 1-2 days N/A
Quick access to funds 2
COSTS
Typically no fees 3
Lower interest rates than other loan options 4 N/A
CONSIDERATIONS
Flexible repayment options 5 N/A
No impact to your credit scores
Your current investment strategy remains intact
No re-approval needed for multiple loan advances 5 N/A
1
Liquidity Access Line is offered by Morgan Stanley Private Bank, National Association.
A Liquidity Access Line1
allows you
to use the eligible securities in your
brokerage account as collateral for a line
of credit. You can finance real estate
purchases, fund tax obligations, cover
business expenses or any other financing
need — without liquidating assets.
There are risks associated with using securities as
collateral for a securities based loan, including possible
margin calls on short notice. See the disclosures at
the end of this brochure for details.
When You Need Funds, Which Path Do You Choose?
1
In most cases. Additional supporting documentation may be requested for underwriting
purposes for certain borrower types such as trusts, corporations, partnerships or nonprofits.
2
Once approved, you can quickly access funds by wire, check or electronic transfer.
3
Clients typically will not be charged a fee to obtain a Liquidity Access Line with standard terms and
conditions. Please see the disclosures appearing at the end of this brochure for important information
on the potential fees associated with Liquidity Access Line.
4
Comparison based on interest rates quoted by banks
for installment loans or home equity lines of credit.
5
Subject to the provisions of the loan agreement.