Glossary
- Early-stage financing
- eb.rexx indices
- ebB (Price Addendum)
- ebG (Price Addendum)
- EBIT
- EBITDA
- ECN (electronic communication network)
- Economic indicators
- Elasticity (warrants)
- Electronic exchange
- Elliot Waves
- EMA (Exponential Moving Average) 38
- Employee shares
- Entry Standard
- Equity fund
- ETF (exchange-traded fund)
- Euribor (European interbank offered rate)
- Euro
- European-style option
- Ex-day
- Exchange Operating Board
- Exchange rate
- Exchange Supervisory Office
- Exchange trader
- Exchange turnover
- Exercise (warrants)
- Exercise period (warrants)
- Exercise price
- Exercise ratio
- Exhaustion gap
- Existing share
- Exit
- Exotics
- Expiry
- Expiry date
Ex-day
With regard to dividend payments, the ex-day for German shares is generally the day after the general shareholders meeting, at which the dividend is set. Investors who have acquired a stake up to one day prior to the ex-day will be paid the dividend. Expected dividend payments are accordingly priced into the share’s price, i.e., they can lead to gains before the ex-day and a subsequent decline on that day.
For mutual funds, the right to a disbursement of fund shares is separated on the ex-day. If investors acquire shares in the fund after that day, but prior to the actual disbursement, they pay a price that is reduced by the amount of the disbursement but do not, however, get the subsequent disbursement. The ex-day is generally one day prior to the actual disbursement.
Deutsche Börse 
