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Covered warrants and certificates

New issuer
Before issuing covered warrants in the book-entry system we need a written agreement from the issuer.

The issuer or its agent should contact us in good time before the first planned issue date. An issuer application, with appendices thereto, should be submitted no later than two weeks before the planned issue date.

Application for issuing covered warrants and certificates
It is mandatory for the issuer to appoint an issuer agent to carry out the issue of covered warrants. Each issue requires a separate application. The applications can be found at the right side of this page.

Issuing timetable
The Issuer Agent agrees with the terms of the issue as early as possible and delivers the application for issuing warrants with appendixes no later than five registration days before the intended issue date.

When issuing similar warrants to those issued earlier, the issuer agent shall deliver the application one registration day before the intended issue date, no later than 11:00 a.m.

Warrant holder information
The terms and conditions should include a provision whereby the issuer may, notwithstanding the secrecy obligation, obtain the information in the list of holders from Euroclear Finland. Ownership data can be produced through Extranet services.

Insider register
Ownership of warrants is subject to the insider disclosure obligation if the underlying share or the security conferring entitlement to a share under the Securities Markets Act is subject to disclosure. An issuer of warrants is not obliged to maintain an insider register. Warrants based on underlying indexes or foreign securities do not appear in the insider register or Euroclear Finland’s public query responses.