热点资讯什么是“权证”？具体的含义是什么？
权证 Warrant
权证是一种金融衍生产品（工具），是依附于标的证券的有价证券，是持有者一种权利（但没有义务）的证明。
权证，又称“认股证”或“认股权证”，其英文名称为Warrant，故在香港又俗译“窝轮”。在证券市场上，Warrant是指一种具有到期日及行使价或其它执行条件的金融衍生工具。而根据美交所（American Stock Exchange）的定义，Warrant是指一种以约定的价格和时间（或在权证协议里列明的一系列期间内分别以相应价格）购买或者出售标的资产（the underlying）的期权。
Warrants are a derivative that give the right, but not the obligation, to buy or sell a security—most commonly an equity—at a certain price before expiration. The price at which the underlying security can be bought or sold is referred to as the exercise price or strike price. An American warrant can be exercised at any time on or before the expiration date, while European warrants can only be exercised on the expiration date. Warrants that give the right to buy a security are known as call warrants; those that give the right to sell a security are known as put warrants.
例句1
Warrants are in many ways similar to options, but a few key differences distinguish them. Warrants are generally issued by the company itself, not a third party, and they are traded over-the-counter more often than on an exchange. Investors cannot write warrants like they can options.
认股权证在许多方面与期权相似，但有一些关键的区别。权证一般由公司自己发行，而不是第三方，而且它们在场外交易的频率高于在交易所交易。投资者不能像认购期权那样认购权证。
例句2
Unlike options, warrants are dilutive. When an investor exercises their warrant, they receive newly issued stock, rather than already-outstanding stock. Warrants tend to have much longer periods between issue and expiration than options, of years rather than months.
与期权不同，权证具有稀释性。当投资者行使他们的认股权证时，他们收到的是新发行的股票，而不是已经发行的股票。认股权证的发行和到期时间往往比期权长得多，一般是几年而不是几个月。
例句3
Warrants do not pay dividends or come with voting rights. Investors are attracted to warrants as a means of leveraging their positions in a security, hedging against downside (for example, by combining a put warrant with a long position in the underlying stock), or exploiting arbitrage opportunities.
认股权证不支付股息，也不附带投票权。投资者被认股权证所吸引，作为一种利用其证券头寸、对冲下跌风险（例如，通过将卖出认股权证与标的股票的多头头寸相结合）或利用套利机会的手段。
例句4
Trading and finding information on warrants can be difficult and time-consuming as most warrants are not listed on major exchanges, and data on warrant issues is not readily available for free. When a warrant is listed on an exchange, its ticker symbol will often be the symbol of the company's common stock with a W added to the end.
权证的交易和查找信息可能既困难又耗时，因为大多数权证都没有在主要交易所上市，而且权证发行的数据也不容易免费获得。当权证在交易所上市时，其股票代码通常是该公司普通股的代码，并在末尾加上W。
相关知识拓展：
广义上，权证通常是指由发行人所发行的附有特定条件的一种有价证券。从法律角度分析，认股权证本质上为一权利契约，投资人于支付权利金购得权证后，有权于某一特定期间或期日，按约定的价格（行使价），认购或沽出一定数量的标的资产（如股票、股指、黄金、外汇或商品等）。权证的交易实属一种期权的买卖。与所有期权一样，权证持有人在支付权利金后获得的是一种权利，而非义务，行使与否由权证持有人自主决定；而权证的发行人在权证持有人按规定提出履约要求之时，负有提供履约的义务，不得拒绝。简言之，权证是一项权利：投资人可于约定的期间或到期日，以约定的价格（而不论该标的资产市价如何）认购或沽出权证的标的资产。
权证是由标的证券的发行公司或以外的第三者，例如证券公司、投资银行等发行的有价证券。由第三者发行的权证也叫备兑权证或衍生权证。权证所代表的权利包括对标的资产的买进期权（看涨）和卖出期权（看跌）两种期权。因此有时所称的认股证是广义的（即包括认购证和认沽证两种），但更多的则是仅仅指认购证；而在香港则往往是指备兑认股证。
投资人向权证发行人支付了一定比例的权利金购买后，权证持有人在预先规定的履约期间内或特定到期日,有权利但没有义务按约定履约价格向发行人购入或售出标的证券或以现金结算方式收取差价。也就是说，权证是认购（沽）标的证券权利的证书，认购（沽）权证是一种权利而非义务，其行使权利时，认购（沽）权证发行人不得拒绝。
这里所说的标的证券，是权证发行人在权证发行时就规定好的、已经在交易所挂牌的品种。是权证发行人承诺按照事先约定的条件向权证持有人购买或卖出的证券或资产。它可以是一个股票、基金、债券，也可以是一个组合、一个指数等。
权证发行人是标的证券的发行公司或证券公司等机构。
权利金是指投资人向权证发行人支付的购买权证的价款。
