Covered Warrant

A Covered Warrant is a financial instrument issued by a third party that is not the issuer of the underlying securities to which the warrant refers. The issuer of the covered warrant holds a sufficient quantity of the underlying securities to cover all the warrants if they are exercised, providing a level of security to the warrant holders.

IRI: http://lmss.sali.org/R98POOtFBXqIJoQNbeL7SzR
Branch: Asset Type
Source: https://nna.jse.co.za/Help/cfi.htm

Also known as

Third-Party Backed Warrant, Fully Backed Warrant, Fully Collateralized Warrant, Secured Warrant, Third-Party Covered Warrant

Ancestry path

Asset Type Financial Assets Investment Assets Equities Investment Assets Warrants - Assets

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