covered warrant

covered warrant
  Opzione cartolarizzata, quotata nei mercati borsistici primari, che attribuisce il diritto di comprare o vendere una determinata attività finanziaria ad un determinato prezzo e ad una data stabilita. Ai warrants può essere collegata a un titolo azionario, a un indice di borsa o a una commodity.
  Il covered Warrant è uno strumento finanziario che attribuisce al portatore il diritto, ma non l'obbligo, di acquistare ( call warrant ) o di vendere ( put warrant ) l'attività finanziaria sottostante, a condizioni prestabilite, entro una certa data ( warrant di tipo americano ) o a una certa data ( warrant di tipo europeo ). L'attività finanziaria sottostante può avere per oggetto tanto azioni, quanto indici, tassi d'interesse o di cambio. I covered warrant , a differenza dei warrant , non prevedono alla scadenza la consegna delle azioni a cui sono legati, ma il pagamento in denaro del differenziale tra il prezzo di mercato effettivamente raggiunto e il prezzo di esercizio del sottostante stabilito al momento dell'emissione del covered.
  Titolo emesso da una istituzione bancaria avente oggetto azioni, indici o valute, dante il diritto di acquisto ( Call ) o di vendita ( Put ) ad un prezzo prestabilito ( prezzo di esercizio o base ) entro una prefissata scadenza.

Glossario di economia e finanza. 2011.

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Look at other dictionaries:

  • covered warrant — A financial instrument which gives the holder the right, but not an obligation, to buy or sell an underlying asset at a specified price during, or at the end of, a specified time period. Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

  • Covered warrant — In finance a covered warrant (sometimes called naked warrant) is a type of warrant that has been issued without an accompanying bond or equity. Like a normal warrant it allows the holder to buy or sell a specific amount of equities, currency or… …   Wikipedia

  • covered warrant — A call option on the shares of a company issued by a bank, where the bank has hedged its position in the underlying stock, usually by holding shares of the company in question. Dresdner Kleinwort Wasserstein financial glossary A security issued… …   Financial and business terms

  • covered warrant holder — holder covered warrant The owner of the covered warrant. London Stock Exchange Glossary …   Financial and business terms

  • Covered Warrant — A type of warrant that allows the holder to buy or sell a specific amount of equities, currency or other financial instruments from the issuer, usually a bank or a similar financial institution, at a specific price and time. The main differences… …   Investment dictionary

  • Covered Warrant — Optionsscheine (engl. Warrants) sind verbriefte (d. h. als Wertpapier gestaltete) Optionen. Im Gegensatz zu börsengehandelten Optionen oder OTC Optionen eignen sich Optionsscheine auch für den Vertrieb am Retail Markt, denn sie können in… …   Deutsch Wikipedia

  • covered warrant strike price — The price at which the investor may buy or sell the underlying during (if American style) or at the end (if European style) of the expiry period. Also referred to as expiry price and exercise price . It is known when the warrant is issued. London …   Financial and business terms

  • American style covered warrant — An American style covered warrant allows the holder to exercise the covered warrant at any time on or before the expiry date. London Stock Exchange Glossary …   Financial and business terms

  • American-style covered warrant — An American style covered warrant allows the holder to exercise the covered warrant at any time on or before the expiry date. London Stock Exchange Glossary …   Financial and business terms

  • call covered warrant — A covered warrant that gives the holder the right, but not the obligation, to buy the underlying at a future date and specified price. London Stock Exchange Glossary …   Financial and business terms

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