Examples of Short Exposure in a sentence
Short Exposure: Prospective investors should be aware that the ETP Securities provide short exposure to the performance of the Reference Asset, and as a result price rises in the relevant Reference Asset will generally result in a fall in value of the ETP Securities.
Art des Risikos: Die ETP-Wertpapiere bieten ein Short Exposure gegenüber den Referenzaktiva.
Tipo di esposizione: I titoli ETP offrono un Short Exposure ai Reference Assets.
Conversely, Series of ETP Securities which provide for a Short Exposure to the related Reference Asset seeks to achieve a return which is a multiple of the Rebalance Period rate of decrease of the price of the Reference Asset (excluding the effects of any applicable fees and adjustments).
Similarly, in the case of a Series providing for a Short Exposure to the related Reference Assets, if the price of the relevant Reference Assets was to fall after the unscheduled rebalancing, then the holder of the relevant ETP Security will not benefit from the reversal of the price of the Reference Assets to the same extent that it might have if the unscheduled rebalancing had not occurred.
As such, the effective level of Leveraged Exposure or Short Exposure offered by such ETP Securities, as the case may be, will vary on each day of the Rebalance Period as prices of the Reference Assets fluctuate and subscriptions and redemptions are fulfilled by the Issuer on a daily basis.
Individual equity securities are generally more volatile than prices in other asset classes and the secondary market price per ETP Securities which provide for Leveraged Exposure or Short Exposure to a Reference Asset is expected to demonstrate higher volatility than the non- leveraged price movements of the Reference Asset.
Similarly, if an investor holds ETP Securities offering Leveraged Exposure or Short Exposure for longer than their Rebalance Period, the return of such ETP Securities over that holding period will likely differ from the return of the Reference Assets over such holding period multiplied by the Leverage Factor of the ETP Securities.
CellGate’s net liabilities at closing amounted to US$279,000, therefore under the terms of the Definitive Agreement Progen issued an additional 201,265 Progen shares and paid US$328,000 in cash.
At the end of each Rebalance Period, where relevant, the Portfolio Administrator will instruct the Margin Loan Provider to buy or sell Reference Assets in such amounts as may be required so that, at the beginning of the immediately following Rebalancing Period, the ETP Securities offer their Leveraged Exposure or Short Exposure to the Reference Assets determined by their stated Leverage Factor.