Index Certificates

Securities whose underlying assets are some of the indices. Their prices exactly replicate the trend of the underlying index. Important is the consumption ratio determining the relation of the price to the index value. It is usually indicated by a decimal fraction – e.g. 1:10. In this case, if the index value were for example 1500 points, the certificate price would be CZK 150 (if the certificate were traded in the CZK).