German translation: bei diesem Verkauf/bei diesen Verkäufen übernommene Positionen
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04:52 Sep 8, 2006
English to German translations [PRO] Bus/Financial - Investment / Securities
English term or phrase:positions taken on such sale
as warrants) providing sufficient cover. The cover for call options sold may not be disposed of as long as the options exist unless they are covered in turn by matching options or other instruments used for the same purpose.
Notwithstanding the foregoing, the Company may sell uncovered call options if the Company is, at all times, able to cover the positions taken on such sale and if the exercise prices of such options do not exceed 25% of the NAV of the relevant Sub-Fund.