Discount certificate

A certificate in which the investor buys an underlying asset at a price that is lower than the market value at the time of issue; the contracts have a wide time range with a maturity of a few weeks to several years. – For the investor, the discount on the purchase of the certificate acts as a safety buffer. This is because any loss is cushioned by the more favorable purchase price. The participation in the price gain of the underlying asset is of course limited by a cap in the case of the discount certificate. – There are many variants of the discount certificate. Multiple discount certificates with two or more shares as the underlying became popular. – See airbag certificate, bonus certificate, express certificate, guarantee certificate, leverage certificate, outperformance certificate, participation certificate, quanto, safety lock, sprint certificate, twin-win certificate, certificate.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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https://www.jung-stilling-gesellschaft.de/merk/
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