Banking and Stock Glossary
See vega.
Abbreviation for Germany's interest income tax, "Kapitalertragsteuer".
Abbreviation for Kreditanstalt für Wiederaufbau. www.kfw.de.
A type of barrier. Such barriers can be integrated into, for example, warrants or certificates. If the underlying goes above or below the barrier, the knock-out product expires and becomes worthless. Some knock-out products have an additional integrated stop-loss limit at which the warrant or certificate expires, but the investor receives a rebate for the residual value that depends on the distance to the knock-out barrier.
The Kreditanstalt für Wiederaufbau (KfW) is a special bank founded in 1948 as a public corporation based in Frankfurt am Main and previously known in English as the "Reconstruction Loan Corporation". Its activities are focused on supporting small and medium-sized companies and the founders of new businesses as well as the financing of public sector infrastructure and exports, primarily for investment good exports to developing countries. www.kfw.de.
Registered shares in a company of mine-owners. "Kuxe" were no par value securities that certified a share ownership in the assets of the company of mine-owners. Since the obligatory transformation into other corporate forms in 1985, "Kuxe" no longer exist in Germany.
See Banking Act (KWG).
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