Covered warrants
Covered warrants are securitised options issued by a third party (i.e. not the issuer of the underlying), usually a bank. The issuer hedges the risk of paying if they expire in the money.
For a more detailed discussion see warrants
Covered warrants are securitised options issued by a third party (i.e. not the issuer of the underlying), usually a bank. The issuer hedges the risk of paying if they expire in the money.
For a more detailed discussion see warrants