Waterloo round (Warrant, also known as turbo) also known as warrants, options are a form of the holder the right to turn in Waterloo before, specifically to the exercise price to subscribe for or received specific assets.

Waterloo round of the warrants by the English homonym named, covered warrants. A round of Waterloo, in fact, a virtual equivalent to the rights holders. This right from the start, Waterloo round can be divided into two categories, the subscription card and received certification. The reason that this right is virtual, and the key lies in whether or subscription card received in kind are not the last card instead of cash settlement, and the majority of Waterloo round of investors will only see it as an investment tool to win the post, and Not really want to buy such a right.

Waterloo round of the general deadline for the three months to 18 months, once the expiry of the time due to the disappearance of the right. The stock is not as long as depositors continued to withdraw from the market may have been, even to withdraw from the market into three panels, may also share a few cents or a bit of money, and the Waterloo period not turn right or not worth anything on the settlement. Attract investors the most is the Waterloo round of the proceeds from the strong leverage effect, the C of E profit may reach hundreds or thousands of times.