Volatility Risks Sample Clauses

Volatility Risks. Prices of derivative warrants can increase or decrease in line with the implied volatility of underlying asset price. Investors should be aware of the underlying asset volatility. 1. Mandatory Call Risks Investors trading CBBCs should be aware of their intraday “knockout” or mandatory call feature. A CBBC will cease trading when the underlying asset value equals the mandatory call price/level as stated in the listing documents. Investors will only be entitled to the residual value of the terminated CBBC as calculated by the product issuer in accordance with the listing documents. Investors should also note that the residual value can be zero.
View SourceView Similar (2)
Volatility Risks. The prices of warrants may go up or down as the volatility margin of related assets’ prices and investors must pay attention to the volatility margin of related assets. 市場風險及成交金額 除了決定權證理論價格的基本因素外，權證價格亦會受權證本身在市場上的供求影響，尤其權證在市場上快將售罄又或發行商增發權證時。權證成交金額高不應認作為其價值會上升，除了市場力量外，權證的價值還受其他因素影響，包括相關資產價格及波幅、剩餘到期時間、利率及預期股息。 Market Risks and Volume of Transaction In addition to the basic elements that decide the warrants’ prices in theory, the prices will also be influenced by the demands and supplies in the market, especially when the warrants are about to be sold out in the market and/or the publishers decide to issue more warrants. High volume of warrant transactions should not be deemed as the increase of the value hereof. In addition to the market force, the value of warrants is subject to other elements, including the prices and volatility margin hereof, the rest of the validity period, interest rate, and prospective dividend. 買賣牛熊證的一些額外風險 Some Additional Risks of the Trading of CBBCs 1 強制收回風險 投資者買賣牛熊證，須留意牛熊證可以即日「取消」或強制收回的特色。若牛熊證的相關資產值等同上市檔所述的強制收回價/ 水準，牛熊證即停止買賣。屆時，投資者只能收回已停止買賣的牛熊證由產品發行商按上市檔所述計算出來的剩餘價值 ( 注意：剩餘價值可以是零) 。 1. Risks of Compulsory Withdrawal When trading CBBCs, investors must pay attention that CBBCs can be Canceled or withdrawn compulsorily. If the related assets amount of CBBCs is equal to the compulsory withdrawal price/level as stated in the listing documents, CBBCs shall be stopped from trading. At the time, investors can only withdraw the surplus value calculated as stated in the listing documents by the product publishers (note: surplus value can be zero). 融資成本 牛熊證的發行價已包括融資成本。融資成本會隨牛熊證接近到期日而逐漸減少。牛熊證的年期愈長，總融資成本愈高。若一天牛熊證被收回，投資者即損失牛熊證整個有效期的融資成本。融資成本的計算程式載于牛熊證的上市檔。 2. Financing Cost
View Source

Related to Volatility Risks

  • Weather User understands and agrees that during the term of this agreement, User will strictly adhere to the Weather Protocols set forth in the Grand Park Emergency Management Plan. The Grand Park Emergency Management Plan is made available on the Grand Park website or by request a copy may be provided by the Commission. In the event of inclement weather, the Commission will retain final determination as to the ability of the facility to support the Event. a. If the facility is unable to support the event due to an "Act of God" the Commission will not provide a refund or credit to the User. User may obtain event insurance through a vendor of their choosing to cover the "Act of God" scenario. b. If the facility is deemed unable to support the event by the Commission, the Commission will work with the User to reschedule such activity as was affected by the facility closure. In such case that the activity may not be rescheduled, Commission will credit the User for such activity as was affected by the closure and allow the credit to be utilized toward a future event. c. If the facility is deemed unable to support the event by the User, the Commission will work with the User to reschedule such activity as was affected within the general time constraints of the User's Event. In such case that the activity may not be rescheduled, Commission will not credit the User.

  • Economic Risk The Purchaser realizes that the purchase of the ------------- Stock will be a highly speculative investment and involves a high degree of risk, and the Purchaser is able, without impairing financial condition, to hold the Stock for an indefinite period of time and to suffer a complete loss on the Purchaser's investment.