Valuation Date

Date of payout calculation respectively decision on the type of redemption.

Most certificates will be paid at maturity or redeemed with physical delivery. The price of the underlying asset on the valuation date is basis for the calculation of the disbursement. Alternatively, if necessary, a physical delivery will be decided on the valuation date.

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.