| 2023/03/23 16:29:49 | |
|---|---|
| Bid | Ask |
| 3,576.22 | 3,579.23 |
| Difference | -0.54% (-19.41) |
General attributes
| Issuer | Erste Group Bank AG |
| Product type | Index/Participation Certificates |
| Currency | CZK |
| Underlying | DAX FUTURE |
| Current underlying | DAX Future JUN23 |
| Price underlying | 15,337.00 EUR |
| Date | 2023/03/23 18:06:19 |
| Last rollover | 2023/03/14 |
| Expected next rollover | 2023/06/13 |
| Maturity | Open end |
| Multiplier | 0.0098401 |
| Management fee | 0.00% |
PDF Downloads
| Final terms |  |
| Key Information Document | |
| Advantages | Disadvantages |
|
Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!
The target market defines the set of investors (retail clients) for whom the investment product is intended.
This investment product is intended for investors who:
----------------------------------------
|
Secondary market
During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.
The settlement at maturity of the certificate will realize within 7 working days. |
| 2023/03/23 16:29:49 | |
|---|---|
| Bid | Ask |
| 3,576.22 | 3,579.23 |
| Difference | -0.54% (-19.41) |
General attributes
| Issuer | Erste Group Bank AG |
| Product type | Index/Participation Certificates |
| Stock exchange | PRS |
| Underlying | DAX FUTURE |
| Current underlying | DAX Future JUN23 |
| Underlying ISIN | - |
| Underlying stock exchange | EUX |
| Underlying currency | EUR |
| Multiplier | 0.0098401 |
| Issue date | 2022/04/11 |
| Issue price | 3,519.82 |
| Start value underlying | 14,328.0000 |
| Last rollover | 2023/03/14 |
| Expected next rollover | 2023/06/13 |
| Maturity | Open end |
| First trading day | 2022/04/11 |
| Last trading day | Open end |
| Quanto | no |
| Currency | CZK |
| Management fee | 0.00% |
Index/Participation Certificates | Description
DAX participation certificate:
The price of the DAX participation certificate = price of the next DAX futures contract x RATIO x EUR to CZK.
Therefore, the performance of this DAX participation certificate depends on the performance of the DAX futures contract, RATIO and EUR to CZK FX rate. The certificate always observes the next DAX futures contract on the EUREX Exchange. Of course, this is a perpetual maturity certificate. Therefore, every quarter, shortly before the expiry of the next futures contract, there is a roll-over, i.e. the so-called roll-over of contracts.
The roll-over means that the expiring futures contract is sold and the very next futures contract is purchased. There may be and usually is a change to the RATIO during the roll-over. One the one hand, the roll-over is burdened with the selling and buying costs and on the other there could be loss or profit.
Profit occurs during the roll-over when the price of the expiring futures contract is higher than the price of the new futures contract (so called backwardation). More can be invested in the new futures contract and the RATIO rises.
Loss occurs during the roll-over when the price of the expiring futures contract is lower than the price of the new futures contract (so called contango). Therefore, less can be invested in the new futures contract and the RATIO falls.
The higher the RATIO the more the client participates in the increase of the DAX futures contract.
The rise of the EUR to CZK rate (the crown weakening against the EUR) encourages the growth of the price of the DAX certificate. In turn, the fall of the EUR to CZK rate (the crown strengthening against the EUR) encourages the fall of the price of the DAX certificate. |
Price information
| Today open | 3,572.62 |
| Today high | 3,585.85 |
| Today low | 3,552.06 |
| Close (previous day) | 3,597.14 |
| Spread in % | 0.08 % |
| Spread absolute | 3.01 |
| Spread harmonised | 305.89 |
| High price (52 weeks) | 3,706.12 |
| Low price (52 weeks) | 1,570.89 |
Performance
| Performance YTD in % | +6.53% |
| Performance 1 month in % | -2.38% |
| Performance 6 months in % | +17.68% |
| Performance 1 year in % | - |
| Performance 3 years in % | - |
| Performance 5 years in % | - |
| Performance since inception in % | +1.65% |
| 2023/03/23 16:29:49 | |
|---|---|
| Bid | Ask |
| 3,576.22 | 3,579.23 |
| Difference | -0.54% (-19.41) |
| Date: 2023/03/23 18:06:19 | |
|---|---|
| Underlying Quote | |
| 15,337.00 EUR | |
| Difference | -0.32% (-49.00) |
General attributes underlying
| Name | DAX FUTURE |
| ISIN | - |
| Stock exchange (underlying) | EUX |
| Currency (underlying) | EUR |
| Start value underlying | 14,328.0000 |
| Current underlying | DAX Future JUN23 |
| Last rollover | 2023/03/14 |
| Expected next rollover | 2023/06/13 |
| Price | 15,337.00 |
| Time | 23/03/23 - 18:06:19 |
| Change in % | -0.32% |
| Today high | 15,413.00 |
| Today low | 15,232.00 |
| High price (52 weeks) | 15,894.00 |
| Low price (52 weeks) | 12,176.00 |