• Home
• /
• Issuer Services
• /
• Services in Finland
• /
• Yield payment
• /
• Net value payment

Net value payment

A warrant can be exercised only on the expiration date (European warrant). Warrants are exercised as cash payments if the warrant has value. After the expiration date, the warrants are withdrawn from the book-entry accounts.
The issuer of warrant handles the exercise during the exercise period.

Net value payment schedule
Trading in warrants ends 5 trading days before the expiration date of the warrant. The expiration date is the record date for the net value payment.

In the evening of the record date, payment transactions are created for the warrant holders based on the value per warrant confirmed by the issuer or its agent.
Net value payments are paid to the warrant holders on the 3 banking day after the record date at the earliest.

Confirmation
The issuer or its agent confirms the amount to be paid for the net value of each warrant no later than on the second registration day after the last trading day.

Payment date -1
We will send a payment data balance report to the issuer or its agent by 11:30 a.m. The issuer or its agent pays the cash to the account operators by 1:00 p.m and the account operators pay the cash to their customer on the payment date.