A warrant usually has a term associated with it.
For American warrants:
This can be exercised throughout the entire term.
For European warrants:
This can only be exercised at the end of the term.
You can give us instructions for American-style warrants and exercise the warrant.
As a rule, so-called cash settlement takes place with warrants (American and European types). The warrant is not exercised to purchase shares. Instead, you will receive a credit for the corresponding amount of money.
At the end of the term, the warrant is not sold automatically; in both variants, it is automatically exercised and debited from the securities account. The return value remains frozen until it is written off.