Cashless Conversion
外汇网2021-06-19 16:25:24
157
The direct conversion of ownership (from one ownership type to another) of an underlying asset without any initial cash outlay from the investor. Many cashless conversions are automatically triggered on a specific date as specified in the original contract, and will typically affect an entire class of shares or contracts.
Taobiz explains Cashless Conversion
Some examples of cashless conversions are from warrants to stock, pferred shares to common shares and stock options to common stock.
In a standard cashless conversion, there is no upfront cost because the transaction will usually be immediately profitable for the investor. If there are any costs involved, they will be paid from the proceeds of the conversion. In the case of warrants, there will often be cashless conversions when the warrant contract runs out if certain breakpoints in the underlying asset or interest rates have been met.
标签：
- 上一篇： Yield Advantage
- 下一篇： Crest
随机快审展示
加入快审,优先展示
推荐文章
- 黑马在线:均线实战利器 9832 阅读
- 短线交易技术:外汇短线博弈精讲 5076 阅读
- MACD震荡指标入门与技巧 5180 阅读
- 黄金操盘高手实战交易技巧 5602 阅读
- 做精一张图 4333 阅读
热门文章
- 港币符号与美元符号的区别是什么啊？ 29297 阅读
- 我国各大银行汇率为什么不一样啊？ 19122 阅读
- 越南盾对人民币怎么算的？越南盾对人民币汇率换算方法是什么 14381 阅读
- 百利好环球欺诈，不给出金，无法联系。 12457 阅读
- 港元符号是什么啊 港元符号跟美元符号是一样吗 12207 阅读