Finder Certificates Knockout
Knockout certificates are a form of leverage certificate. The certificate issuer's creditors bet on the rise or fall of a specific underlying asset. The underlying can be a share, a share index, a currency pair or a commodity index, for example. In contrast to other certificates, investors can achieve an above-average effect with knockout certificates. Knockout certificates are also known as turbo certificates.
Investors achieve a high leverage effect with knockout certificates. However, this not only increases the earnings opportunities, but also the investment risks. The name of these certificates is derived from their special design: If the underlying falls below a predetermined threshold, the "knockout threshold", the certificate immediately becomes worthless, "knocked out" so to speak. If you bet on falling prices with the certificate, the effect is the same if the threshold is exceeded.
In addition to the knock-out threshold, some certificates also contain a stop-loss threshold. This threshold is a kind of safety barrier. It protects investors against total loss, i.e. a knockout, in the event of unexpected price movements.
The "Finder Certificates Knockout" is a table optimized for searching for these certificates, which you can use to configure individual search queries via the filter settings. In open security finders, the "Finder Certificates Knockout" is stored on the "Finder Certificates" worksheet.
In addition to the columns described in section Finder certificates section, the "Finder Certificates Knockout" contains the following columns:
Column | Description |
|---|---|
Subscription ratio | The subscription ratio of the knockout certificate. |
Knockout | The knockout threshold of the knockout certificate. |
Distance knockout | The distance to the knockout threshold on the evaluation date. |
Knocked out? | For knockout certificates that have already broken their knockout threshold, the column shows "yes", for all others "no". |
Knockout date | For knockout certificates that have already broken their knockout threshold, the column shows the date of the knockout. |
You can use the parameters to select a different evaluation date.