Look for:


Our Glossary

Page 1 of 1
Open-end Mutual Fund A unit for collective investment, which consists of a set of assets acquired by the sale of share certificates. The investment company issues an unlimited number of share certificates which their owner – the shareholder, may anytime sell back to the investment company at market price corresponding to the share in the assets in the fund.
Open-end Mutual Fund A fund that issues an unlimited number of share certificates based on investors’ demand. The investment certificate price depends on the net asset value attributable to the particular number of shares. The investment company is obliged to repurchase share certificates at the shareholder’s request. Accordingly, the shareholders need not sell their share certificates at the capital market (stock exchange).
Operational Risk The risk of loss in the event of human error, fraud or deficiencies of information systems.
Options and Warrants A derivative financial instrument, security or future contract that represents an option, but not the obligation to buy or sell – to buy (Call Option) or sell (Put Option) – a certain underlying asset at an agreed future time at an agreed price. They are OTC or stock exchange derivatives. This instrument has a dual use – for speculation and for hedging.
OTC (Over-the-Counter) Financial Derivatives Financial derivatives not admitted to trading on a regulated market (stock exchange). They are governed by the legislation of the respective countries and usually are subject to regulation. These are high-risk investment instruments of derivative type (see Risks) that include additional credit risk (issuer risk).


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended), citizen/resident of Australia, Canada, Great Britain and Japan. For this reason, the distribution or redistribution of the information, materials and products into United States, Australia, Canada, Great Britain and Japan or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited.

The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.
(iV) It is no consumer.