Accrual

A Payoff based on the number of days within the observed period when the Underlying remained above, below or within the predefined level(s).

American Option

An Option which can be exercised at any time during its Life up until the Expiration Date.

American Style Exercise

An Option or Warrant which can be exercised at any time during its Life up until the Expiration Date.

Asian Option

Also known as an Average Option. The Option payoff depends on some arithmetic average of the value of the Underlying, whereby either the settlement price and/or Strike Price are averaged at Maturity.

Ask Price

The price for which a Market Maker or broker is willing to sell a Warrant or Structured Investment.

At-the-Money (ATM)

The Strike Price is equal to the Spot Price of the Underlying.

Automatic Exercise

The owner of the Warrant or Option automatically receives the Intrinsic Value without having to take any action himself on the Expiration Date. (This may be provided for in the contractual terms and conditions of the Warrant or Structured Investment).

Average Option

See Asian Option.

Accrual

A Payoff based on the number of days within the observed period when the Underlying remained above, below or within the predefined level(s).

American Option

An Option which can be exercised at any time during its Life up until the Expiration Date.

American Style Exercise

An Option or Warrant which can be exercised at any time during its Life up until the Expiration Date.

Asian Option

Also known as an Average Option. The Option payoff depends on some arithmetic average of the value of the Underlying, whereby either the settlement price and/or Strike Price are averaged at Maturity.

Ask Price

The price for which a Market Maker or broker is willing to sell a Warrant or Structured Investment.

At-the-Money (ATM)

The Strike Price is equal to the Spot Price of the Underlying.

Automatic Exercise

The owner of the Warrant or Option automatically receives the Intrinsic Value without having to take any action himself on the Expiration Date. (This may be provided for in the contractual terms and conditions of the Warrant or Structured Investment).

Average Option

See Asian Option.

 

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