ONTOLOGY EXPLORER
mini-future certificate
<https://spec.edmcouncil.org/fibo/ontology/DER/DerivativesContracts/RightsAndWarrants/MiniFutureCertificate>
プロパティと値
| プロパティ | 値 |
|---|---|
| type | Class |
| label | "mini-future certificate"@en |
| subClassOf | BarrierOption |
| subClassOf | SecurityBasedDerivative |
| subClassOf | Entitlement |
| definition | "entitlement that combines the structure of an open-end certificate with a leverage option with no fixed term, making leverage available without a term restriction, and whose payoff depends on whether or not the underlying asset has reached or exceeded a predetermined price"@en |
| adaptedFrom | "ISO 10962, Securities and related financial instruments - Classification of financial instruments (CFI) code, Fourth Edition, October 2019"@en |
| explanatoryNote | "The price of a mini-future always corresponds to its intrinsic value, i.e. the capital outlay, plus the bid-ask spread. The financing costs associated with building up the leverage effect are offset against the capital outlay on a daily basis, thereby eliminating the need for a premium. Investors have to pay only financing costs they actually utilize. In contrast to options, factors like volatility have no influence at all on the price of mini-futures."@en |