Glossary entry

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
3 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!
Proposed translations (English)
5 +3 naked short position

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.)
Peer comment(s):

agree Edith Kelly
2 hrs
agree Ted Wozniak : genau
3 hrs
agree Dr.G.MD (X)
15 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Danke dir!"
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search