# Tracker Certificate

**IRI:** https://folio.openlegalstandard.org/RBNm2E230B0owEUIdn4RamS

## Labels

**Preferred Label:** Exchange Traded Note

**Alternative Labels:**

- ETN
- Tracking Securities

## Definition

A Tracker Certificate is a financial instrument that allows participation in the development of the underlying asset(s). These certificates reflect the underlying price movements 1:1, adjusted by the conversion ratio and any related fees, offering a risk profile comparable to direct investment in the underlying asset(s).

## Sub Class Of

- https://folio.openlegalstandard.org/R2Kr3kWHR9cR4zALXqt1nM

**Deprecated:** False