Discount certificates are interesting for investors, as long as there are not too big price drops, because then the safety buffer of the appropriate certificates to be consumed slowly but surely.

Offer investors an alternative so-called rolling discount certificates. These certificates endlessly running all four weeks will invest the money invested in a new discounter with a remaining maturity of one month each.

This rolling, so the move to a new discount certificate is always on the third Friday of each month, the so-called small expiry.

Due to the lack of term limits eliminate rolling discount certificates to the biggest drawback of the conventional discount certificates: the limited duration.


Structure and function are identical with the Rolling Discount Certificates with discount certificates. The difference is – in addition to the lack of term limits – is that little by little in various discount certificates, each with four weeks remaining time is spent and this approach is summarized in the certificate.

Of course, Rolling Discount Certificates offer no protection against losses, but this will built because of the safety buffer always turn out lower than that for an investment in the underlying asset resulting losses.

In turn, this safety buffer of course costs a few percent of the performance of the underlying asset, so that when a sharp rise of the same, the Rolling Discount Certificate this increase does not join in one hundred percent.

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