Sinthirani - chomwe izo ziri mu mawu osavuta?

Malonda pa "Ndalama Zakunja" amakupatsani nzeru zina za mawu. Mmodzi wa iwo - "sinthanani". Kodi izo ndi zimene ndi werenganibe.

tanthauzo

Sinthirani - ndi kulanda wotuluka lotseguka usiku wonse. Zingakhale zabwino (accrual a ntchito) ndi zoipa (utalembedwa-offs). Nthawi zambiri agwiritsa ntchito opareshoni iyi, pa mapeto a wotuluka medium- ndi yaitali. Masana, swaps si mlandu.

Monga anapanga sinthanani

Iliyonse m'kati mwa mlungu pa 01:00 Moscow nthawi wotuluka onse lotseguka ali recalculated, mwachitsanzo pafupi woyamba ndiyeno ankakhulupirira anatsegula. Pakuti aliyense wa iwo amatamanda sinthanani zochokera mlingo panopa refinancing. Chiwerengero zing'onozing'ono operekedwa ndi awiri otchuka (dollar / yuro, ndi mapaundi / yuro ndi zina zotero. D.). refinancing mitengo ndi kuperekedwa pachaka. Koma chidwi mlingo swaps kuchita masamu tsiku ndi tsiku. Pa mlungu, "Ndalama Zakunja" sizikuyenda. Choncho, kuyambira Lachitatu mpaka Lachinayi mlandu patatu mlingo.

ndi "sinthanani" mu chilankhulo chomveka chiyani?

Kumvetsetsa akamanena za sinthanani, ndi zothetsera limagwirira malonda. Pa "Ndalama Zakunja" anapereka zolemba (mtengo chiŵerengero) ndalama awiriawiri. Pogula awiri EUR / wotuluka JPI ziwiri zidzachitika pa nthawi yomweyo: mayuro anagulitsa ndipo anagulitsidwa kwa yen Japanese.

Koma kodi inu kugula ndalama kuti palibe, ndi chifukwa madola kapena rubles? Yankho lake ndi losavuta - kugwiritsa ntchito sinthanani. Ndi chiyani icho? Tiyeni tione mwatsatanetsatane zimene ntchito zimagwiridwa pamene malonda makina mu osachiritsika batani "Open Order" pa zikhalidwe za chitsanzo m'mbuyomu.

1. Japan a banki chapakati ikupereka refinancing ngongole.
2. Ndalama chifukwa yomweyo umasinthanitsidwa mayuro. Uwerenge si kunditumiza ku manja a Investor lapansi. Mpaka ku banki. Iwo accrue chidwi.
3. Amalipiritsa pa ngongole kwa Bank of Japan tidzakwatulidwa analipira ku chiwongoladzanja zimene zinatsala pa gombe European. Kusiyana pakati pa mitengo deta - ndi ngongole sinthanani.

Zabwino ndi zoipa sinthanani

Tiyerekeze Investor anatsegula malo lalitali awiri yuro / yen. Pamene ndikupeleka limapezeka koyamba chiwongoladzanja kwa yuro (0.5%), kenako wochotsera mlingo yen (0,25%): 0,5% - 0,25% = 0,25% - ndi sinthanani positive. Ngati kugunda yen adzakhala 1% sinthanani adzakhala negative. Izi ndi mfundo chachikulu cha ntchito pa "Ndalama Zakunja".

Ndi kofunika kudziwa!

Simungalandire kapena kutaya phindu onse kudzera sinthanani ndi. Ndi chiyani icho? Large popezera mpata, amene kupereka osinthitsa ndi chidwi kusinthasintha kusinthitsa ndalama adzakhala ndigwire zotsatira za yaing'ono chiwongola dzanja sinthanani, ngakhale zoipa. Koma kuwonjezera malo ake chifukwa cha kusiyana maganizo abwino mu mlingo wa refinancing sikuthandiza. Pakuti kuphwanya malamulo a "intraday" malonda kulipira dipo lanu.

mitundu

Komanso ankaona ndalama swaps, palinso ngongole kusakhulupirika sinthanani (CD). Kuyambira mutu zikuonekeratu kuti ntchito izi zokhudzana ndi makonzedwe kwa wotuluka kuwombola ngongole mu zikhalidwe za kusakhulupirika.

Mawu osavuta, ulemerero kusakhulupirika sinthanani - ndi analogue a inshuwalansi wobwereketsayo. Pamene gombe ndi pang'ono likulu akukonza apereke wambirimbiri ngongole ndi kasitomala odalirika, iye ayenera kudziteteza ngati si alipire ndalama. Choncho, kuwonjezera kwa ngongole, iye walembapo mgwirizano chitetezo chiopsezo ndi bungwe zikuluzikulu ndalama pansi kuchuluka ena. Ngati wobwereka sabwerera ndalama, wokongoza adzalandira chipukuta misozi kuchokera mabungwe ena.

Mfundo imeneyi ikuchitika wotuluka sinthanani. Wogula akuthamanga chiopsezo sanali alipire ndalama, ndi wogulitsa ndi wokonzeka azilipira iye amalipiritsa. Mbali yoyamba chachiwiri amapereka sheya onse ngongole ndipo amalandira ndalama za nkhani ya ngongole mopepuka. Malipiro akhoza kukhala kamodzi kapena mbali zingapo. Mwachitsanzo, wogulitsa adzakhala abwezere kusiyana pakati pa pano ndi mtengo mwadzina pankhani ya lachiwiri - wogula akugula n'chinthu chabwino zedi.

ubwino CD

Ubwino waukulu wa opaleshoni - sipafunika kulenga kusungitsa. Mu chitsanzo pamwamba, banki ayenera kulenga malo ndi mlandu wobwereka defaults, amene kwambiri asagwiritse khalidwe la ntchito zina. Insuring mavuto awo, wogula ndi sayeneranso kukhala kupatulako ndalama zolowa ndi.

CD limakupatsani kupatukana mavuto ngongole zina ndi bwino kusamalira iwo.

CD vs: inshuwalansi

Phunziro la ndikupeleka pa ma CD kungakhale udindo uliwonse. Mwachitsanzo, n'zotheka kutsimikiza chiopsezo si mawu yobereka. Tiyeni tione chitsanzo.

Wogula kutchulidwa bizinezi kuti pasadakhale wina dziko 80%. Kutumiza ayenera kukhala mkati miyezi iwiri. Pomalizira, choncho pali chiopsezo zinthu sizimadziwika, kusowa ndalama. Imeneyi, wogula angathe kutsimikiza mavuto awo a ntchito ma CD.

Lamulo sasamalira kukhazikitsidwa kwa nkhokwe pa nkhani ya chitetezo kudzera swaps. Choncho, ndalama mtengo inshuwalansi. Kudalirika Wogulitsa amayankha yekha wogula sinthanani. Ndi chiyani icho? ziphatso opaleshoni safunikira. CD simungapeze yang'anira, kuphana, kotero kamangidwe kake amagwirizana ndi mwambo ochepa. wogulitsa chitetezo mukhoza kukhala bungwe lirilonse kapena munthu ndi mphamvu zogwirizana - makampani, mabanki, ndalama penshioni, etc ...

CD angagwiritsidwe ntchito ngakhale pamene makasitomala alibe dongosolo mwachindunji ndi wobwereka lapansi. Mwachitsanzo, ngati kampani adzakhala kugula kumangidwa pa msika sekondale. Zotsatira pa wobwereka olumikizidwa ku makina, ndi kafukufuku wake wa Mwina kusakhulupirika kovuta.

Sinthirani ku msika lonse angagwiritsidwe ntchito ngakhale pamene palibe weniweni ngongole chiopsezo. Pankhaniyi tikulankhula si kukwaniritsidwa udindo ndi States (chiopsezo mwayekha). Theoretically, mukhoza kugula chitetezo sanali kupereka kubweza, ndi pangano limene silinakwaniritsidwe anamaliza ndipo sakudziwika kapena anamaliza. Koma pafupifupi phindu mu inshuwalansi Sikuti.

CD ku mavuto azachuma

The chida latsopano yomweyo chidwi cha speculators. msika wakhala likutukuka, kusakhulupirika sanali kuyembekezera. Mungachite ntchito ndalama "ufulu"? zinthu zinasintha mu 2008. Banks sanathe msonkhano ngongole ankaganiza ndipo zinatha akutiakuti. Wachisanu waukulu banki Nyamuliranani Stearns mu US mu 2008 anagulitsidwa kwa ndalama mwadzina, kugwa Lehman Abale imatengedwa chiyambi cha gawo yogwira mavuto azachuma.

Insurance kampani AIG anapulumutsidwa ndi boma US kwa ndalama. Wa swaps onse chikalata ($ biliyoni 400). Only mabanki tinawasamutsira $ biliyoni 22,4. Aliyense bungwe ndalama pa Wall Street anali pa nthawi yomweyo zofuna ndi maudindo a ma CD wamkulu. State woyamba iri yofulumira kuthandiza yaikulu bungwe - banki JP Morgan, koma osati mwachindunji, koma kudzera bungweli kuti adagula zidole ndalama.

Kuti ogula onse ma CD wabweza kukhutitsidwa kuti ndi kulengeza kusakhulupirika okwana yaikulu US ndi European mabanki. Wall Street, Mzinda wa London Kungoti unatha. Ngakhale pamaso vutoli, Uorren Baffet otchedwa ofanana nawo onse "zida zoopsa." Kutha kwa zachuma zinathandiza kuti apewe yekha chifukwa cha kulowetsedwa kwa ndalama za boma. Ngakhale zotsatira zonse za vutoli, "bomba» CD sanali zoopsa kwambiri, koma unaonekera yekha.

kuipa CD

ubwino zonsezi ndi lamulo msika ndi pafupifupi zosagwirizana. Popeza azimuth kumangitsa kulamulira mabungwe ena azachuma, nthawi, iwo onse adzataika. Vuto la 2009 ali anakankhira akuluakulu boma kuti abwereze malamulo finregulirovaniya. Zikuoneka kuti banki chapakati aitane malo kuvomerezedwa kwa ogulitsa chitetezo.

Mawu kusakhulupirika sinthanani si kuthandiza kuthetsa si kukwaniritsidwa kwa zofuna ndalama. M'mavuto kumaonjezera kuchuluka kwa defaults. Iwo kumaonjezera ngozi ya bankirapuse si makampani okha komanso boma. Panthawi zimenezi, ogula la swaps akuyesetsa malipiro kwa mavenda. Last anakakamizika kugulitsa katundu ndi chuma chawo. bwalo wankhanza ndi pofuna kukwaniritsa zolinga okha mavutowo.

nkhani Bessvopovye

Mtengo wa refinancing mitengo n'kofunika kuganizira kutsegula udindo nthawi yaitali (masabata 2-3). Zikatero ndi bwino ntchito nkhani bessvopovye. Iwo anafuna ndi aliyense wogula. Komabe, pakalibe mitengo kukongoza azilipira osintha ndalama zina.

Pomaliza

Mwachidule mwachidule onse a pamwamba pa sinthanani lapansi. Ndi chiyani icho? Sinthirani - pali kusiyana mu chiwongola dzanja la Bank ku Central, amene masamu tsiku pa maudindo onse lotseguka. Malinga ndi otchuka dziko ndalama chikoka pafupifupi wosaoneka. Koma pamene inu kutsegula malo lalitali "zosowa" ndalama za maiko lachitatu dziko, ndi bwino kusamutsa ndalama ku nkhani bessvopovye.