Credit Linked


What are Credit Linked Certificates?

Credit Linked Certificates are financial instruments that offer investors the opportunity to achieve regular premiums related to the ability of one or more companies, called Reference Entity, to meet its obligations. These amounts, called periodic premiums, are only paid if there are no credit events affecting the reference entity during the life of the CertificateThe Certificates are securitized financial instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. The Certificate are traded both on the SeDeX of the Italian Stock Exchange as well as on the EuroTL X multilateral trading facility.. A credit event can be, for example, failure or non-payment of coupons or debt restructuring of one or more reference entities of the CertificateThe Certificates are securitized financial instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. The Certificate are traded both on the SeDeX of the Italian Stock Exchange as well as on the EuroTL X multilateral trading facility.. Additionally, in the event of a credit event, the capital protectionThe term protection means the minimum percentage of invested capital that is returned at maturity. is lost and at maturityExpiry or Maturity is the date a financial instrument ceases to exist or matures. the investor will receive only a percentage of the issue priceThe Issue price is the price at which a share is offered on the Primary Market. It is determined by the Issuer (or the Placement consortium) in the case of placements for the public retail or for transactions reserved for Institutional Investors the price may be determined by an auction. of the CertificateThe Certificates are securitized financial instrument derivatives linked to the performance of an Underlying, whether, for example, shares, a stock index, a currency, a commodity or an interest rate. The Certificate are traded both on the SeDeX of the Italian Stock Exchange as well as on the EuroTL X multilateral trading facility.. Credit Linked Certificates expose the investor to both the solvency risk of one or more reference entities as well as the issuer riskThe Issuer risk is the risk tied to the eventuality that a financial instrument fails to fulfil its obligations to pay interest and/or equity related to the instruments issued. that characterises all Certificates.

Maturity Date

Price in %

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Text modified: 16.04.2015 Powered by Six Telekurs