Can I always select between cashless and for cash on the warrant exercise?

We support cash settled standard warrants listed for trading on the SWX Swiss exchange. This includes a number of share warrants and all index, commodity and currency warrants.

Share Warrants with physical delivery are not supported at this time…

All warrants must be settled in order to submit for exercise.

Please Note…

No. In order to exercise warrants for cash the account must hold sufficient funds available for withdrawal to pay the full cost of the warrant exercise…

In a cashless exercise for a warrant, sometimes known as a “net exercise”, the cost of the exercise is paid for with a portion of the shares being exercised rather than a direct payment of cash by the holder.

An example is as follows:…