Other types of certificates

To this category belong all kind of certificates that are different from the most common product types. For example Index certificates track the development of an underlying index 1:1 – both for rising and falling prices. In contrast to that, investors bet explicitly on falling share prices when they invest in reverse index certificates, also known as short or bear certificates. If the underlying index contracts, the certificate gains in value.

Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at We will then include the term if possible.