单词 | Covered Warrant |
释义 | Covered Warrant 备兑认股权证 银行发行的一种认股权证,给予持有人在未来某一时间以通常高於当前市价的价格买入某一公司股票的权利,是一种交易工具。 备兑(covered)是指发行银行至少持有部分标的股票以备认购。例如,美林证券可能持有一些通用汽车的股票,可据此发行通用汽车的备兑认股证。备兑认股证是一种高杠杆投资工具,主要以希望押注某一个股、一篮子股票或者某一股价指数的国际投资者为目标客户。参见Share(股票), Stock(股票),Warrant(认股权证)。 "A warrant issued by a bank that enables the holder to buy shares in another company at a future date, for a price that is generally above the current market price of the share. Used as a trading instrument. For example, Merrill Lynch might issue covered warrants on shares of General Motors. They are covered because the issuer will hold at least some of the underlying stock into which the warrants may be exercised. Covered warrants are aimed principally at international investors looking for geared exposure to a specific stock, basket of stocks or even an entire index.See also: Share, Stock, Warrant" |
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