Area for discount certificates in the search parameters of the certificate search

Cap

Enter the minimum and/or maximum permissible cap of the discount certificate here.

Cap level

Enter the minimum and/or maximum permissible cap level of the discount certificate in percent here.

Max. yield p.a.

Enter here the minimum and/or maximum allowed value for the maximum return p.a. of the discount certificate in percent.

When calculating the yield per annum (per year), it is assumed that the term of the certificate corresponds exactly to one calendar year. This makes sense to make the expected yield comparable with other forms of investment, whose expected return is also determined on an annual basis. However, it also makes it possible to compare different certificates with different maturities with each other.

Discount

Enter the minimum and/or maximum allowed discount of the discount certificate in percent here.

For discount certificates, a discount is granted to the holder for the underlying instrument. This discount acts as an additional risk buffer that the holder "pays" with a limitation of the possible profit chances (see also: Cap).

This parameter and all parameters below it in the table are hidden by default. For more information on displaying parameters, see Configuring the areas of the search parameters.

Distance to cap

Enter here the minimum and/or maximum allowed distance of the certificate's cap in percent.

Sideways yield p.a.

Enter the minimum and/or maximum allowed sideways yield p. a. of the discount certificate in per cent here.

The sideways yield per annum (per year) refers to the expected return if the market price of the underlying asset remains constant. For the purpose of comparability, it is assumed that the term of the certificate corresponds exactly to one calendar year.