Certificates 

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They are the structured investment instruments, which combine the characteristics of “classic” bonds with the inserted derivative.

Raiffeisenbank offers both publicly traded shares and private shares, which are intended specifically for a close group of investors. Currently offered certificates for common clients are introduced in section Raiffeisen Group emise. They arise on the grounds of the collaboration between Raiffeisenbank and Raiffeisen Centrobank. Raiffeisen Centrobank has deep experience in terms of certificates and it is also a holder of lots of awards for creation of these products in Central and East Europe. Clients have a possibility to buy publicly traded certificates both on OTC market (the interbank market) and on the stock exchange – Viennese, German or Prague stock exchanges. Certificates are issued in various currencies, for example in CZK, EUR, HUF, PLN, and USD.

Raiffeisenbank offers a possibility of creation of one´s own certificates within the private emission. In this case, it is essential to cover the minimum volume of the transaction which is in millions EUR. It always depends on the exact type of the certificate. The most used underlying assets for certificates are share indices, shares, share baskets, commodities and exchange rates. Certificates enable to participate in both the growth of the underlying asset and its slump.

The bank offer contains: Bonus Certificates, Discount Certificates, Express Certificates, Factor Certificates, Guaranteed Certificates, Index Certificates, Convertible Bonds, Turbo Certificates and Warranties.

They can be divided into leverage and non-leverage products. Everyone has his own most suitable product according to his experience and the demanded yield. Some certificates are issued with the open end maturity. The most frequently used certificates are certificates with a predetermined maturity date. 

Before choosing the appropriate certificate, every investor has to go through the details of its functionality (every certificate is suitable for a different investment strategy) and primarily risks connected with the certificate. Every certificate contains also the risk of the issuer. It is a debt security!