Tshintsha - yintoni ngamazwi alula?

Ukuthengisela kwi "Forex 'inika ulwazi ngamanye amagama. Omnye wabo - "swap". Ntoni na nokuba yintoni na, ufunde.

definition

Tshintsha - ke ukutshintshwa imicimbi avulekileyo ubusuku. Kunokuba HIV (accrual of ikhomishini) nekhabayo (bhala-ezinalo). Njalo yakhetha le msebenzi, xa ekuphelisweni imicimbi eliphakathi kwaye ixesha elide. Emini, segazi nje ityala.

Njengoko yokutshintshana kwakheka

Zonke iintsuku zeveki at 01:00 ngexesha Moscow zonke iintengiselwano avulekileyo zibalwe ngokutsha, okt close yokuqala uze-wavula ngokutsha. Ngamnye kubo bathi swap ngokusekelwe izinga langoku mboleko. Le pesenti incinane ezinikezelwa yi kwisibini ezithandwayo (dollar / euro, imina / euro njalo njalo. D.). amazinga mboleko evezwa minyaka. Kodwa ke umyinge segazi inzala ibalwa yonke imihla. Kule veki, "Forex 'ayisebenzi. Ngoko ke, ukususela ngoLwesithathu ngoLwesine wabawisela ezintathu izinga.

Yintoni i "tshintshanisa" ngolwimi olulula?

Ukuze ngcono ukuqonda kakuhle eli swap, kuyimfuneko ukuba bajongane indlela umrhwebi le. Kwi i "Forex" thaca ngababini uphindo (ixabiso ratio) lwemali. Xa uthenga iperi EUR / iintengiselwano JPI ezimbini kwenzeka ngexesha elifanayo: kowethu wathengisa yaye bathengisa yen Japanese.

Kodwa onokuzithenga indlela lwemali ayifumaneki, yokuba akhawunti eerandi okanye engange? Impendulo ilula - usebenzisa swap. Yintoni na? Makhe sihlolisise ngokweenkcukacha yintoni eyenziwa imisebenzi xa uphika mthengisi kwi-terminal iqhosha "Order Vula" kwi nemiqathango umzekelo odlulileyo.

1. central yebhanki yaseJapan okhupha mboleko mboleko.
2. Imali ngenxa nangoko kwaneso euro. Le mali ke igqithiselwe ezandleni-mali. Uhlala ebhankini. It afumane inzala.
3. Le mali-mboleko kwi-Bank of Japan iya kuhlawulwa ukusuka nenzala oyifumene lomlambo yaseYurophu. Umahluko phakathi amazinga data - yinto swap zemboleko.

swap Positive nezimbi

Masithi Abatyali mali wavula indawo elide kwisibini euro / yen. Xa transaction kwenzeka umdla intlawulo yokuqala ye-euro (0.5%), ilandelwe yi izinga nokuthabatha yen (0.25%): 0.5% - 0.25% = 0.25% - yinto swap positive. Ukuba izinga yen bekuya kuba-1%, swap iya kuba mibi. Lo ngumthetho-siseko ephambili umsebenzi kwi "Forex".

Kubalulekile ukwazi!

Awukwazi ukufumana okanye zingabuthisi zonke iingeniso ngokusebenzisa swap. Yintoni na? Large eqhinga, ezifundisa abarhwebi kunye nokungazinzi ngeranti ebalulekileyo kuya kuvala isiphumo swap umyinge wenzala encinane, kwanokuba negative. Kodwa ukwandisa indawo yayo kuphela ngenxa engumahluko onguphozithivu ekujongeni ireyithi mboleko angafanele ngayo. Kuba waphula umthetho imithetho "intraday" yorhwebo kuya kufuneka ukuba ahlawule idipozithi yakho.

iintlobo

Kwakhona ingqalelo segazi lwemali, kukho kwakhona iqela swap credit default (CDS). Ukusuka isihloko kucacile ukuba lo msebenzi into enxulumene nelungiselelo kwintengiselwano mboleko kweemeko emiselweyo.

Ngamagama alula, i swap credit default - yinto kwiwotshi yamanani ye-inshorensi endodeni. Xa yebhanki imali encinci ezinkulu uceba akhuphe isixa esikhulu ngetyala a client oluthembekileyo, umele nohlaselo xa non-lokuhlawula imali. Ngoko ke, ukongezelela-mboleko, uya utyikitya isivumelwano kwi wokhuseleko umngcipheko nge ngemali ezinkulu phantsi ipesenti ethile. Ukuba umboleki ingabuyeli imali, umbolekisi uya kufumana imbuyekezo kwezinye amaziko.

Umgaqo ofanayo swap intengiselwano yenziwe. Umthengi likwaqhuba umngcipheko non-okuhlawula imali, kwaye umthengisi ufuna ukubuyekeza kuye, ibe lidini lentlawulo. Icala lokuqala yesibini kunika zonke izibambiso amatyala kwaye ufumana imali kwi-akhawunti ye-mboleko unikwe. Intlawulo nexesha elinye okanye yahlulwe ziinxalenye eziliqela. Kwimeko enye, othengisayo kumbuyekeza umahluko phakathi ekhoyo kunye ixabiso eliyimali le nezibophelelo yesibini - umthengi uthenga i-asethi.

buhle CDS

Eyona inzuzo yalo msebenzi - akukho mfuneko ukwenza i myezo. Kulo mzekelo ungentla, ibhanki kufuneka udale uqhelane kwimeko kungagqitywanga mboleki, apho umda kakhulu lokuqhutywa neminye imisebenzi. Eqinisekisa ubungozi zabo, umthengi uxolelwa kokuba ukuphambukisa imali ingeniso.

CDS likuvumela ukwahlula imingcipheko credit kwezinye kwaye ngcono ukuphatha kwabo.

CDS VS: inshorensi

Isifundo intengiselwano phezu CDS inokuba yiyo nayiphi imbopheleleko. Umzekelo, kunokwenzeka ukuba inshorensi umngcipheko engekho amagama zonikezelo. Xiya xikombiso lexi.

Komthengi edweliswe umthengisi kwelinye kusengaphambili ilizwe ka-80%. Delivery kufuneka senziwe zingaphelanga iinyanga ezimbini. kwixesha elide, ngoko ke kukho ingozi yokuba kwiimeko akucingeleki, ilahleko mali. Kulo meko, umthengi unako-inshorensi imingcipheko zabo besebenzisa CDS.

Umthetho ukunika ngokusekwa loovimba kwimeko yokhuseleko ngokusebenzisa segazi. Ngoko ke, kubiza inshorensi enganeno. Ukuthembeka Seller ivavanya kuphela swap umthengi. Yintoni na? -mvume okusebenza isiqinisekiso. CDS ukulawula alawulayo, ukutshintshiselana, ngoko kuyilo yayo lu dityanisiwe ngokusemthethweni ezimbalwa. umthengisi ukhuseleko kuba nawuphi na umbutho okanye umntu nge zenzeko efanelekileyo - iinkampani, iibhanki, imali yomhlalaphantsi, etc ...

CDS zingasetyenziswa naxa umthengi akanawo amalungiselelo ngqo ne-nye umnikimali nomamkelimali. Umzekelo, ukuba inkampani iya kuthenga imixokelelwane kwimarike eziziisekondari. Igalelo umboleki kweintanethi, kwaye uqikelelo lwalo amathuba emiselweyo nzima.

Swap kwimarike yamazwe ngamazwe zingasetyenziswa naxa kungekho sikumngcipheko ngetyala. Kule meko sithetha malunga nabangeyo-inzaliseko yezibophelelo ngu States (umngcipheko geqe). Isondlo, unako kwakhona ukuthenga ukhuseleko ngokuchasene non-kwintlawulo mortgage, imvumelwano leyo okwangoku kugqityiwe, kwaye ayaziwa nokuba asigqitywanga. Kodwa kwabantu inshorensi enjalo ayisiniki.

CDS kwi ingxaki zemali

Esi sixhobo omtsha ngoko nangoko kwatsala ingqalelo beyifuna. Imarike ibe ngokuvela, engagqibekanga zange kulindeleke. Kutheni kuthatha ithuba imali "ezamahala"? Le meko ngo-2008. Banks abakwazanga inkonzo ityala kucingelwa waya omnye yimali emva kwenye. Ibhanki yesihlanu inkulu Bear Stearns kwi US ngo-2008 yayithengiswa ngexabiso elifikelelekayo, kwaye ukuwa ka Lehman Brothers ithathwa ekuqaleni kwesigaba ebonakalayo yeengxaki zemali.

inkampani yeinshorensi AIG kuhlangulwa ngurhulumente US-mali. Kuzo zonke segazi ezikhutshiweyo ($ 400 billion). Kuphela iibhanki kwafuneka batshintshelwe $ 22.4 yezigidi zezigidi. Iziko ngalinye zemali kwi Wall Street ngelo xesha iimfuno nezibophelelo CDS enkulu. State kuqala Lisuka nje ukunceda i inkulu iziko - yebhanki JP Morgan, kodwa hayi ngqo, kodwa ke ngenxa corporation uthenge zokudlala zemali.

Kubo bonke nabathengi CDS bafumana ukwaneliseka kuya kufuneka ukuba azise engagqibekanga elipheleleyo yeebhanki ezinkulu US nabaseYurophu. Wall Street, iSixeko London abasekho nje ukuba khona. Nokuba phambi ntlekele, Uorren Baffet wabiza zonke yezabelo "nezixhobo zokubulala abantu abaninzi." Ukuwa inkqubo zemali yaba ithintelwe ke ngenxa kuphela ukumnika imali karhulumente. Phezu kwayo yonke imiphumo ntlekele, "ibhombu» CDS zange aphuma, kodwa wabonakalaliswa nje ngokwayo.

nobubi CDS

Zonke ezi izibonelelo kunye kumgaqo imakethi nesele engahlobenanga. Ngenxa nokuyinto nsinya ukulawula amaziko ezemali, ngokuhamba kwexesha, bonke baya kulahleka. Intlekele eyehlele i-2009 wamtyhala amagunya karhulumente ukuze kuhlaziywe imithetho finregulirovaniya. Kusenokwenzeka ukuba ibhanki engundlu liya kungenisa isicelo mandatory nabathengisi yokhuseleko.

swap Credit default swi nga pfuna ukusombulula ingxaki non-inzaliseko izibophelelo zemali. Noxhaso kwandisa isixa kungagqitywanga. It kwandisa umngcipheko imilinganiselo nje kuphela iinkampani kodwa urhulumente. Ngamaxesha anjalo, abathenge nazo segazi bazama ukufumana iintlawulo kubathengisi. Yokugqibela yanyanzela ukuthengisa izinto zabo. Le eqhubekayo ke kuwuvule kuphela ntlekele.

akhawunti Bessvopovye

Ixabiso ekukhutshweni kwemali iirhafu kubalulekile ukuqwalasela xa uvula isikhundla ixesha elide (kwiiveki 2-3). Kwiimeko ezinjalo ke kungcono ukuba usebenzise bessvopovye akhawunti. Baya yafuna broker nganye. Noko ke, ukungabikho weerhafu siboleka abuyekeze abarhwebi iimali ezongezelelweyo.

isiphelo

Gqaba-gqaba konke oku kungentla kwi swap. Yintoni na? Tshintsha - ke umahluko kwenzala ye-Central Bank, nto leyo ebalwa mihla zonke izithuba ezivulekileyo. Ngokutsho ethandwa iimali ihlabathi liba phantse ezingabonakaliyo. Kodwa xa uvula indawo elide kwi iimali "exotic" yamazwe zehlabathi wesithathu, kungcono ukuba ukutshintshela iimali kule bessvopovye akhawunti.