warrants et certificats :In addition to the financial instruments so-called conventional
products, more complex have been created by the professionals of the award: the
derivative products. This sheet informs on the derivative products: - Certificates also
called indexed certificates, - warrants, - the good of subscription. They are approved by
the authority of the financial markets and are the subject of an information document
called prospectus. This are financial products specializing likely to know the fluctuations
of course important, the Carrier may in certain circumstances lose the entirety of its
investment. Accordingly, this implies an experience of transactions on the capital
markets and the securities in which the course is linked to an element underlying as
well as a correct assessment of the risks related to these titles. A certificate is a security
listed on the Stock Exchange. It allows you, for a specified period of time, to participate
in the evolution of financial media varied: an action, a basket of shares; stock market
index or a basket of indices… The bracket that serves as a reference to the certificate
is called its ’underlying’. The date of maturity (defined as date of assessment in the
Prospectus) is the date fixed at the time of the issuance, on which the certificate expires
and dies. To this date, the holder will receive a rebate amount which the modalities of
calculation are defined as soon the issuance and depend on the evolution of the
underlying. The amount of refund to deadline may be less than the nominal value of the
certificate, or even zero. Since the certificate is a negotiable security, it can be
purchased and resold at any time They are issued by financial institutions, such as the
who undertake to maintain the liquidity of the title during the entire session of award
and throughout the life of the certificate. Has each certificate corresponds a parity, i.e
the fraction of the underlying to which the certificate gives the right. The parity is 10
certificates for 1 underlying. A warrant is a title quoted on the Stock Exchange
assimilated to an option, issued by a financial institution which also ensures the rating
They give to their holder the right (and not the obligation) to either buy (’call’), either to
sell (’put’) a bracket or underlying on which is referenced the warrant at a price fixed in
advance (the exercise price or strike) and to a date (the date of échéanc e) or during a
period (up to the date of maturity), determined. The holder of the warrant enjoys this
right subject to the payment of a premium (the price of the warrant). ARIANA, Tunisia
: link from this topic to the following address
https://online-stock-exchange.com/_/warrants_et_certificats/r299502_Searching-warrants-et-certificats/ARIANA-Tunisia.html
الرئيسية 