{"id":1759,"date":"2025-12-16T11:00:00","date_gmt":"2025-12-16T10:00:00","guid":{"rendered":"https:\/\/mueckinvest-qtjx8ksl18.live-website.com\/?page_id=1759"},"modified":"2026-07-06T07:00:00","modified_gmt":"2026-07-06T05:00:00","slug":"issuer-risk-for-wikifolio-certificates","status":"publish","type":"page","link":"https:\/\/mueckinvest.com\/en\/emittentenrisiko-bei-wikifolio-zertifikaten\/","title":{"rendered":"Issuer risk for Wikifolio certificates"},"content":{"rendered":"

In legal terms, Wikifolio certificates are debt securities issued by the Lang & Schwarz Aktiengesellschaft (L&S)<\/strong>. By purchasing a certificate, investors become creditors of the issuer. This means that there is a fundamental Issuer risk<\/em>, i.e. the risk of insolvency of the issuer.<\/p>\n\n\n\n

To hedge this risk, L&S has set up a Contractually agreed collateralisation solution<\/strong> introduced. All securities and cash accounts held to fulfil the obligations arising from outstanding Wikifolio certificates are pledged. An independent trustee regularly monitors the collateral. This protects investors against the issuer risk Largely secured<\/a><\/strong>.<\/p>\n\n\n\n

A detailed analysis of issuer risk - including how collateralisation works, possible scenarios and risk dimensions - can be found in the detailed deep dive. \ud83d\udc49 To the deep dive: Issuer risk<\/a><\/strong><\/p>\n\n\n\n

Trade and transparency<\/h3>\n\n\n\n