Discount certificate characteristics
In the "Full Quote" widget of a discount certificate, you find the following data in the "Characteristics" area:
Characteristics
Field | Description |
|---|---|
Certificate group | The certificate type, here "Discount". |
Certificate type | The certificate type. The type is used to categorise discount certificates more precisely, for example, "Discount Classic". |
Cap | The cap of the discount certificate. A cap is the specified maximum amount up to which the investor can profit from a price increase of the underlying. This limitation is compensated by the discount that is built in the discount certificates. |
Discount (abs./rel.) | The absolute and relative discount of the certificate. For discount certificates, a discount is granted to the holder for the underlying instrument. This discount acts as an additional risk buffer that the holder "pays" with a limitation of the possible profit chances (see also: Cap). |
Max. return (abs./rel.) | The absolute and relative highest yield of the certificate. |
Distance to cap (abs./rel.) | The absolute and relative distance to the cap of the certificate. |