Trefina Verwaltungs AG offers its partners the purchase from them, on own behalf - Derivatives (securities), both listed on the stock exchange and common shares of joint stock companies, mainly located in the depository (for example, Nasdaq), at market prices. Shares or Units are valued in accordance with appraisal statements drawn up based on the requirements of the Compliance division of Trefina Verwaltungs AG. Partner accounting Acts/Balances must be certified by the partner’s financial auditors, accepted by the Trefina Verwaltungs AG Audit Division.
The buy/sell process is simple:
The parties agree on a settlement option for securities separately.
In the case of a money transfer or similar alternative, an Order is sent DVP (Delivery versus Payment);
in any other case Orders are sent by SWP (Securities transfer without payment);
or simple Securities Order (SO).
A derivative security is a financial instrument whose value depends upon the value of another asset. The main types of derivatives are futures, forwards, options, and swaps. We offer an example of a derivative security is a convertible bond. Such a bond, at the discretion of the bondholder, may be converted into a fixed number of shares of the stock of the issuing corporation. The value of a convertible bond depends upon the value of the underlying stock, and thus, it is a derivative security. An investor would like to buy such a bond because he can make money if the stock market rises. The stock price, and hence the bond value, will rise. If the stock market falls, he can still make money by earning interest on the convertible bond.