Kursschwelle
English translation: price threshold
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| 14:55 Jan 29, 2002 |
| German to English translations [PRO] Bus/Financial - Investment / Securities / financial | |||||||
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|  Selected response from: Sven Petersson Sweden Local time: 18:41 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 5 +1 | (share) price threshold |
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| 5 | knock-out barrier or knock-out boundary |
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| 5 | price level [plus additional info] |
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| 4 | price threshold |
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Answers
20 mins confidence: 
price threshold Explanation: You probably need to wait for our financial wizards to provide the definitive answer, but here's some info that might be helpful. A knock-out *option* is a form of derivative that gives the buyer the right, but not the obligation, to buy an underlying commodity, currency or other position at the present price. |
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26 mins confidence: peer agreement (net): +1
peer agreement (net): +1(share) price threshold Explanation: The "share" is normally left out. "Knock-out Grenze" is only one of myny kinds of kind of "Kursschwelle". See references! Reference: http://info.uibk.ac.at/c/c4/c434/files/Creditreform0007.pdf Reference: http://www.summitcircuit.com/archive/et-0101.html |
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Grading comment
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39 mins confidence:
knock-out barrier or knock-out boundary Explanation: Please see samples/ definition belwo with referencing web sites: Knock-Out-Grenze= Die Kursschwelle, die vom Underlying über- bzw. unterschritten werden muß, damit Knock-Out-Border-Warrants sowie K.O.-Range-Warrants wertlos verfallen. Again suppose USD/CHF spot is 1.84. An August 1.85 USD/CHF call with knock-out provision at 1.80 will have a premium which is determined by how likely it is that the knock-out barrier is reached. The closer the knock-out barrier is to the current market level the cheaper is the knock-out barrier option. Underlying instrument price must NOT reach a lower barrier (knock-out boundary) during the option’s life. If the barrier is reached, the holder of the option is paid the rebate amount immediately, and the option simultaneously expires with no further pay outs. Hope this helps! Reference: http://www.gmoney.de/html/lexikon/k.htm Reference: http://www.intermarkit.com/toolkit/module_adv_exotic.asp |
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47 mins confidence:
price level [plus additional info] Explanation: Most of the terminology has already been provided in the earlier replies (so give those points to one of the answerers above); I just need more space here than is available in the peer grading box... The general term for "Kursschwelle" would be "price level" or "threshold"; maybe you could provide us with the sentence or paragraph - depending on the context, this might also be called "support" or "resistance" (in technical analysis). The explanation given by Julia is correct in the context of exotic options, specifically those called "barrier" options: knock-in options which come alive if a certain price level is touched or broken, and knock-outs which expire immediately in that event. Regarding your question, be careful: in a very specific context (see Julia's response and my explanation above), they might have the same meaning, whereas in general, there is a significant difference. HTH - contact me directly if you need more background. Own professional experience in financial markets (trading derivatives) |
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