ETN/ETC

Exchange Traded Notes (ETNs) and Exchange Traded Commodities (ETCs) are senior debt notes that track the performance of an index, a single asset or a basket of commodities or securities. ETN/ETC products listed on Nasdaq Nordic* are collateralized which limits any credit risk on the issuer. They have an ETF-like creation and redemption structure and a market maker providing prices on an ongoing basis.

*Nasdaq Nordic represents common offering by Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd and Nasdaq Stockholm AB.

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_{Position: ↓ Bear ↑ Bull  -- Unchanged}