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Derivatives




Step-Up Warrant


A warrant that comes with an upward strike price reset mechanism effective within a limited period at a certain future date and/ or as a result of an increase in the underlying to a prespecified level. The strike price (exercise price) of the warrant is upwardly readjusted at predefined fixing dates, only if the spot price is better than that of the immediate previous fixing date.



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Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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