Chii chinonzi neramangwana chibvumirano

Wokuita zvemusika pamusoro Exchange nechokuita vazhinji zviridzwa mari akasiyana. Mumwe wavo, uye Zvakare, dzakakurumbira chaizvo, ane neramangwana kondirakiti. Chii uye chii ayo maitiro - rinongova uye ichakurukurwa munyaya yedu.

Musimboti pfungwa

«Future» - mushanduro kubva Chirungu rinoreva "Future" kana "ramangwana". Neramangwana chibvumirano (dzimwe nguva nyore vachinzi neramangwana) ndiyo chibvumirano kutengesa kana kutenga yakananga chinhu ari kondirakiti musi yakananga zuva uye panguva pre-vakabvumirana mutengo. In basa rimwe chigadzirwa kwakadaro kungava migove, mari kana chero chigadzirwa. Neramangwana chibvumirano sezvo rudzi zvakaitika nokuti vose vaburitsi vatengi vangada ruzhowa pamusoro vanoshorwa kuti kukura kwavo kana kuwa muna kukosha zvacho nemauto, simba uye tsanga basa. Gare gare, sezvo ivo kuva kwakadai kutengeserana kwayo atanga kupararira kune dzimwe mhando kutengesa zviridzwa. Zvikurukuru, zvakatanga kugumisa zvakarurama indices, kufarira rates, mari, etc. Kune Parizvino pakukura neramangwana exchanges munyika, umo chete chinoitika weshumba mugove zvakaenda mudziyo uyu. The kupfuura nomukurumbira nzvimbo ndivo Chicago Board of Trade, NYMEX (New York), LIFFE (London), nhare (RTS chikamu).

The neramangwana chibvumirano akasiyana mberi

Kutenga nhumbi mune ramangwana kukosha vakabvumirana kwokutanga, unogona kushandisa imwe turusi. Ichi chinhu mberi kondirakiti. Uyewo nevakawanda zvikuru, uye inowanzoshandiswa ruzhowa pangozi. Kazhinji ruzivo vanoita tinovhiringidza mberi uye neramangwana zvibvumirano, uye saka anoratidza kusiyana dzavo huru:

1. Hwamangwana hunongotaura yakarongeka exchange.
2. Mberi vari ndichisunga kazhinji nechinangwa chaiwo chokuendesa nhumbi.
3. Neramangwana kupfuura liquidity uye anogona kupera nokusukwa kupinda neizvi (pakatarisana) kune kutengeserana.

Unorindira uye zvikabudura

Kana totaura kuritenga chibvumirano, izvo zvinoreva kwemamiriro basa refu kana Long. Panyaya iyi, mutengi inozviita kutora pamusoro kubva chikuru Exchange zvimwe zvinhu uye wakakodzera musi aurayiwe chesungano kubhadhara Exchange huwandu hwacho mariri. Short - a neizvi oparesheni. Kana neramangwana kondirakiti "kutengeswa", iro nokutengesa inozviita kutengesa (akaisa) imwe twa Exchange, kana nguva yasvika yokuti aite chibvumirano, iro Exchange richabva kwaari zvakakodzera mari maererano mutengo raanotaura kondirakiti. In ichi uye imwe nyaya kuti kuzadzika sungiro musafunganya - ichi chinotevererwa nechinoteverwa yokururamisa dzimba. Saka investor hazvireve iratidzwe mari nzvimbo counterparty.

zvinhu ezvinhu

Kuti vapinde neramangwana chibvumirano, zvinokosha kuzviisa pasi mumwe brokerage nhoroondo mamwe rubatso. mari iyi inonzi kwokutanga kumahombekombe uye nhoroondo uko kwakanyorwa vakasuma, anozivikanwa somunhu kumahombekombe nhoroondo. It anogadza shoma kukura kundoongororwa House, kutungamirirwa vaunganidza nhamba uye kufungisisa vaifanira zuva kutsauka kubva kunobatsira. Brokerage kambani anogona zvinoda investor wacho kumahombekombe dzaidirana ari mukuru mari. Mukuwedzera, nemhosva vanofanira kuva neramangwana nhoroondo, zvinofanira kanenge 65% of kutanga dhipoziti. Kana ichi haina kuzadziswa, kuti bhuroka achaita kuzivisa investor nezvokudiwa okuwedzera mari kuti vabudirire chepakuvamba pamwero (kushanduka) kumucheto. Uyewo, kana zvinodiwa ichi uchashayikwa, kuti bhuroka anekodzero kugumisa munhu neramangwana kondirakiti noruoko neizvi kushanda tichiregeredza yacho nemhosva. panguva pakuguma zvokutengeserana chechikamu clearinghouse ose zuva inoita recalculation vose pakachena zvinzvimbo: richakunda mari rwunoverengerwa kuti vakabudirira vanoita kwenhoroondo vakafirwa. Akaitawo kururamiswa kana nzvimbo mapato ndeyevanyori yaipedzerwa.