From January 18, 2023, Phu Hung Securities officially released the Covered Warrants product to the market with the goal of diversifying products and services and giving customers more choices to maximize their profits. Covered warrants (CWs) are securities issued by a securities company, listed on a stock exchange, with their own trading code and similar trading activities to the underlying securities. The term of CW from the offering date to the maturity date is at least 03 months and maximum is 02 years.
CW is always associated with 1 underlying stock code and has 1 conversion rate as a reference base when exercising rights. These underlying securities are usually in the VN30 basket.
