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covered warrant (mit entsprechenden Papieren unterlegter Optionsschein)

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They are limited liability instruments so there are no further payments or margin calls required to maintain a covered warrant position. en.wikipedia.org

Covered warrants have an average life of 6 to 12 months, although some have maturities of several years. en.wikipedia.org

These are also called covered warrants and are settled for cash, e.g. do not involve the company who issues the shares that underlie the warrant. en.wikipedia.org

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