Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-11-15
Long baby: Ph.D., through yesterday's study, I have to understand the basic concepts of warrants. Today, what you say?
Doctor: Today I talk about the basic elements of Warrants. The basic elements of warrants are as follows:
Exercisable at a price is agreed upon at issue warrants a price, investors in the future in order to subscribe for or sell the underlying asset price.
Warrant expiry date of issue of the right to determine the validity of the termination date line, but the maturity date and the last trading day are not the same day, the Shenzhen Stock Exchange on the provisions of warrants by the due date five trading days to terminate the transaction. American holders of warrants may be made at any time before the due date of the right line of the request; European warrant holder can only be made on the day of the due implementation of the warrant requirement.
Line ratio which a warrant could right into the number of underlying assets. Warrants exercisable at the current ratio is generally one that is a copy of a warrant to subscribe for the underlying asset.
Warrants trading system to implement T +0 transaction, the date of purchase of the warrants, the day can be sold. In addition, the warrant transaction unit of 0.001 million; warrants to buy 100 copies of the declaration of the number of multiples, the sale of single declaration of the number of warrants not exceeding 100 million copies.
Power lines can be divided into securities settlement payment clearing and cash settlement.
