Hvad er et warrant?

Indholdet af InvestorsOrbit er udarbejdet med det formål at give en generel introduktion til finansielle produkter. InvestorsOrbit kan ikke erstatte finansiel rådgivning og kan hverken anses for at være et tilbud om at yde finansiel rådgivning eller et tilbud om nogen anden rådgivning eller service. Investorer opfordres til at kontakte egen investeringsrådgiver for individuel information om eventuel investering, skatteforhold med videre.

Warrants er et derivat, der giver ret, men ikke forpligtelsen, til at købe eller sælge en sikkerhed – oftest en aktier – til en bestemt pris inden den udløber. Den pris, hvorpå det underliggende værdipapir kan købes eller sælges, kaldes udnyttelseskursen eller ”strike price”. En europæisk warrant kan kun udnyttes på udløbsdatoen, mens amerikanske warrants kan udnyttes til enhver tid på eller før udløbsdatoen. Warrants, der giver ret til at købe en sikkerhed, kaldes ”call” warrants; dem, der giver ret til at sælge et værdipapir, kaldes ”put” warrants.

Hvordan virker warrants og hvad er forskellen på warrants og optioner

Warrants ligner på mange måder optioner, men nogle få nøgleforskelle adskiller dem. Tegningsoptioner udstedes normalt af virksomheden selv, ikke af en tredjepart, og de handles ofte over-the-counter end på en børs. Investorer kan ikke skrive warrants som de kan optioner.

Warrants betaler ikke udbytte eller kommer med stemmerettigheder. Investorer tiltrækkes af warrants som et middel til at udnytte deres positioner i en sikkerhed, afdække mod ulemper (for eksempel ved at kombinere en salgsordre med en lang position i den underliggende aktie) eller udnytte arbitrage-muligheden.

Typer af warrants

Traditionelle warrants udstedes i forbindelse med obligationer, som kaldes warrants obligationer, som en fordel, gives der udstederen mulighed for at tilbyde en lavere rente. Disse warrants er ofte aftagelige, hvilket betyder, at de kan skilles fra obligationen og sælges på de sekundære markeder inden udløbet. En aftagelig warrant kan også udstedes sammen med den pågældende aktie.

Wedded eller såkaldte ”wedding” warrants er ikke aftagelige, og investoren skal overgive obligationen og den pågældende aktie, som warranten er “wedded” til.

”Covered” warrants udstedes af finansielle institutioner snarere end virksomheder, så der udstedes ingen nye aktier, når ”covered” warrants udnyttes. Tværtimod er warrants “dækket” ved, at den udstedende institution allerede ejer de underliggende aktier eller på en eller anden måde kan erhverve dem. De underliggende værdipapirer er ikke begrænset til egenkapital som med andre typer warrants, men kan være valutaer, råvarer eller et hvilket som helst antal andre finansielle instrumenter.

Related Articles


Your email address will not be published. Required fields are marked *

  1. Awesome blog! Do you have any suggestions for
    aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything.

    Would you propose starting with a free platform like WordPress or go for a
    paid option? There are so many choices out there that I’m totally confused ..
    Any suggestions? Appreciate it!

  2. Hi there, just became alert to your weblog through
    Google, and located that it is truly informative.

    I’m gonna be careful for brussels. I will be grateful in the event you proceed this in future.
    Lots of people will likely be benefited from your writing.

    My website; http://www.shltaxi.com

  3. Thanks for your personal marvelous posting! I quite enjoyed reading it, you will be a great author.I will remember to bookmark your
    blog and may come back in the future. I want to encourage you to continue your great job, have a nice morning!

  4. My spouse and I stumbled over here by a different website and
    thought I should check things out. I like what I see so i am just following you.
    Look forward to looking over your web page repeatedly.

  5. Good day! This is kind of off topic but I need some guidance from an established blog.
    Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick.
    I’m thinking about making my own but I’m not sure where to
    begin. Do you have any points or suggestions?

    With thanks

  6. Hi there! I’m at work browsing your blog from my new iphone!
    Just wanted to say I love reading your blog and
    look forward to all your posts! Keep up the great work!

  7. Wonderful goods from you, man. I have take into account your stuff prior to and you are
    just too magnificent. I really like what you have acquired right here,
    really like what you are saying and the best way wherein you are saying it.
    You’re making it enjoyable and you continue to take
    care of to keep it wise. I can not wait to learn far more from
    you. This is really a great web site.

  8. Wow, that’s what I was searching for, what a data! present here at this weblog,
    thanks admin of this website.

  9. My spouse and I stumbled over here coming from a different page
    and thought I may as well check things out. I like what I see so now i’m following you.
    Look forward to checking out your web page repeatedly.

  10. Wow that was strange. I just wrote an incredibly long comment but after I clicked submit my
    comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say great blog!

  11. I loved as much as you’ll receive carried out right here.
    The sketch is attractive, your authored subject matter stylish.
    nonetheless, you command get bought an shakiness over that you wish be delivering the following.
    unwell unquestionably come more formerly again as exactly the same nearly very often inside case you
    shield this increase.

  12. Thank you, I’ve just been searching for info approximately this subject for a long time and yours is the greatest I’ve discovered so far.

    But, what concerning the conclusion? Are you sure about the supply?

  13. I used to be recommended this website by means of my cousin. I am not certain whether or not this submit is written by way of him as nobody else realize such detailed approximately my trouble. You are amazing! Thank you!

  14. Greetings, I do believe your site may be having internet browser compatibility issues. Whenever I look at your site in Safari, it looks fine however, if opening in Internet Explorer, it’s got some overlapping issues. I merely wanted to give you a quick heads up! Apart from that, great site!

  15. Can I simply just say what a comfort to discover someone who truly knows what they are discussing on the web. You definitely understand how to bring an issue to light and make it important. More people have to check this out and understand this side of the story. I was surprised you’re not more popular because you certainly possess the gift.

  16. You can certainly see your enthusiasm in the work you write. The sector hopes for more passionate writers such as you who are not afraid to say how they believe. At all times go after your heart.|

  17. Hello every one, here every person is sharing these familiarity, so it’s pleasant to read this weblog, and I used to visit this website all the time.|

  18. Simply desire to say your article is as surprising. The clarity in your post is just nice and i could assume you are an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the rewarding work.|