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. |