Knock-Out By Issuer - KOBI

Knock-Out By Issuer, also known as KOBI, is a feature only available for Warrants & Certificates listed and traded on Euronext and applies to Leverage Knock-Out products.

The KOBI service allows Warrants & Certificates Liquidity Providers to directly decide and confirm the suspension of instruments that have been knocked-out.

Market transparency is enhanced as the reason for suspension of a knocked-out instrument is disseminated with a dedicated market data flag indicating the suspension due to a knock-out.