Discount Certificates
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Discount Certificates are listed products that allow investors to earn a fixed yield on the cash investment in return for taking on a certain level of equity risk based on the future direction of the underlying equity/shares. Buyers of DCs may receive the underlying shares at a lower price compared with the market price of the shares (upon maturity) when the DCs are launched.
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Features/ Benefits of DC:
| Features |
Benefits/Characteristics |
| Yield Enhancement |
Capital Growth |
| Target buying strategy |
You can receive shares at a discount as compared with the share price at launch |
| Two-way prices by market maker |
Flexibility; Creates liquidity |
| SGX-listed |
Price transparency |
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