Warrants are instruments issued by banks and other financial institutions where the value is linked to underlying shares, indices, currencies or commodities.
Warrants are issued under the Warrant Rules, so only certain issuers can provide them.
Warrants
Instruments issued by banks and other financial institutions where the value is linked to underlying shares, indices, currencies or commodities.
Warrants are instruments issued by banks and other financial institutions where the value is linked to underlying shares, indices, currencies or commodities.
Warrants are issued under the Warrant Rules, so only certain issuers can provide them.
Warrants are issued under Schedule 10 of the ASX Operating Rules, usually known as the ‘Warrant Rules’. The rules cover:
Only certain entities such as banks subject to the Bank Act (1959) and other large institutions with appropriate credentials can issue warrants.
In order to be eligible to issue warrants, institutions must be:
Typically, these requirements limit the issuer pool to banks and other large, well-capitalised and regulated organisations. Product issuers should approach ASX if there is any uncertainty as to whether an issuer meets these requirements.
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