What is the difference between a MINI & Instalment warrant?

MINIs are open-ended warrants with no expiry date, offering leveraged exposure to either rising or falling markets. MINIs are available over a wide range of shares, indices, currencies and commodities, among other securities.

Instalment warrants give you exposure to an underlying share by making an initial payment which is a portion of its current price. During the life of the instalment, you’ll benefit from any dividends, franking credits and price rises in the same way as if you owned the share. When the warrant matures, you can choose to pay a final instalment and take ownership of the share, roll over into a new warrant series, or end the investment and receive any residual value.

To learn more about Australian warrants, you can find additional resources at CBOE and CitiFirst.