Glossary entry (derived from question below)
German term or phrase:
offene Stillhalterposition
English translation:
naked short position
Added to glossary by
Beate Lutzebaeck
Mar 12, 2005 07:26
19 yrs ago
4 viewers *
German term
offene Stillhalterposition
German to English
Bus/Financial
Investment / Securities
Derivatives
From the Special Fund Rules of an investment fund (Spezial-Sondervermögen):
Ausgeschlossen sind Optionen und andere Derivate, wenn sie eine offene Stillhalterposition begründen, sowie Geschäfte, die in vergleichbarer Weise ein einer offenen Stillhalterposition entsprechendes Risiko begründen.
It's the "offen" that's giving me trouble - please only answers from colleagues with sound knowledge in this field!
Ausgeschlossen sind Optionen und andere Derivate, wenn sie eine offene Stillhalterposition begründen, sowie Geschäfte, die in vergleichbarer Weise ein einer offenen Stillhalterposition entsprechendes Risiko begründen.
It's the "offen" that's giving me trouble - please only answers from colleagues with sound knowledge in this field!
Proposed translations
(English)
5 +3 | naked short position | Ralf Lemster |
Proposed translations
+3
1 hr
Selected
naked short position
...as opposed to a "covered" call position, for example, where the obligations from the sold call option are covered by holding the underlying assets. The difference is the risk exposure: naked short positions can be subject to unlimited risks, whereas a covered position has limited exposure. (In the case of the covered call, the risk is opportunity risk - if the market rises strongly, the seller will be missing out.)
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