What are the principal terms in a Call Warrant?

  • Issuer
  • Underlying Asset (e.g. share, a basket of shares, or an index)
  • Warrant Type (i.e. Call or Put)
  • Warrant Style (e.g. European or American)
  • Exercise Price (or Strike Price)
  • Expiry Date
  • Entitlement or Conversion Ratio (e.g. 1 warrant entitled to 1 share)
  • Settlement Method (i.e. either physical settled or cash settled)
  • Warrant Price (from which values for Premium, Gearing, Implied volatility, Delta, etc. are derived)

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