Kuvhura sangano - nayo ... sangano yokururamisa: tsanangudzo, mashandiro uye zvimwe kwebasa

Vashoma vane pfungwa zvakajeka zvinotaurwa kugarwa uye achibvisa masangano. Asi haachinji zvinotevera chokwadi: masangano zvemari izvi tiite rinokosha basa tisingazvinyeperi. Saka, mabasa avo uye kunyanya zvinokosha.

Key pfungwa

Kana isu nezvazvo yokururamisa zvinhu, zvinofanira kucherechedzwa kuti hwakabatana kunyanya ne tsanangudzo yakawiriranwa mitoro. Kutaura zvazviri, ndiye munhu kukwikwidzirana zvikumbiro nerubatsiro kuchengetedzeka uye Masvomhu anoteererwa pamusoro pavo.

Unogona zvakare kutaura kuti kundoongororwa sangano - wezvemari rwezvemabhengi-mhando mamiriro, izvo anoita basa nomazvo nhume pakati vatengesi nevatengi. Kureva, zvinotora pamusoro nedanho kutenga, kutaura pamusoro imwe munhu kana kambani, chinangwa chekuunganidza kuchengetedzeka, ndiEzekieri. Mediation Izvi zvinobvumira kudzora zvizere mukuzadzika nokubatira mativi, izvo anowedzera zvikuru nokuchengeteka kutengeserana.

Kuvhura mabasa kuva akakodzera pakarepo pashure kwemamiriro kutengeserana pakati pemapoka maviri zvose wemari uye OTC pamusika.

Maererano kwemashoko kutengeserana kwacho, iyo inoshandiswa kuona okuti "utsanzi", zvingatora kubva shomanana (OTC misika), vanoverengeka mumasekonzi (unganidza).

Kazhinji yokururamisa sangano - kupesana pakati exchanges umo kuchengetedzeka vari vaitengeserana kubvumira yokupedzisira kuti kushandisa kudzora pamusoro kwema siyana.

Zvinodiwa mu Russia

Kuvhura mabasa ari mundima Russian Federation riri pamutemo, asi sangano rinopa mabasa akadaro, unofanira kusangana zvimwe zvinodiwa uye azadzise anokosha zvinodiwa.

Saka, mashandiro anoita kundoongororwa sangano rinogona kuita chete zvoupfumi munzanga, iyo yakatangwa zvizere zvaidiwa nomutemo Russian. Saka pakutanga chakavhara yega kodzero kuti executor masimba Somuenzaniso, kudzorwa mamiriro.

Avo zvinodiwa, izvo ngadzirambe dziri Federal mutemo pamusoro mabasa mumunda kupishinura kushanda kuti nechepakati counterparty.

Panguva iyo pane vakawanda munzvimbo aite mutemo dzisina kuchena makambani:

- inishuwarenzi, zvokutengeserana uye maindasitiri mabasa;

- mubasa private mudyandigere uye tose mari;

- kuchengeta mazita kuchengetedzeka yokuisira;

- Management kuti zvakarurama inivhesitimendi mari;

- chiitwa anorashisa kushandiswa depositary kuti inivhesitimendi mari.

Zvinokosha kuyeuka uye mitsara zvemari. Dzaro Consolidated muchimiro sesangano riri kupa kupishinura uye nechepakati counterparty. Maererano Mushumo wegore, ipapo zvakafanira kuratidza nhoroondo kwemwedzi 12.

boka rake pfuma rinopa kupishinura mabasa anogona kusandura chero nzira. Izvi zvinoreva kuti kutenga kuchengetedzeka pakati pachako mari kuri zvinogamuchirika.

Mukana tichibatanidza remapazi

Zvinokosha kuziva kuti kundoongororwa sangano - chivakwa mukuwedzera paro mabhizimisi ndiko kuita sezvo murongi kutengesa. Asi ichi mukana inowanikwa chete chokupika ezvinhu akawanda:

- Kuramba kubatanidzwa panodonedzerwa, bhuroka uye munyengeri mabasa ari pamusika wemari;

- kurasikirwa kodzero chiito mamiriro yapakati counterparty;

- kurambidza kuchengetedzeka utariri.

Kana sangano rako anoronga nokubatanidza urongwa yokururamisa rubatsiro kuti basa rive bhuroka, munyengeri maneja kana pamusika wemari, zvingava asati kuva nechepakati counterparty.

Uyewo kana kutema sangano anoita chero basa kunze huru, zvichaitika kuti kusika munhu, asi akawanda STRUCTURAL dzakabatana, uye munhu kana zvakakodzera. Naizvozvo yokururamisa chichaitwa kuburikidza navo.

zvinangwa

sangano Chero kushanda mumunda kupishinura, zvainanga kuita zvinangwa akawanda anokosha. Vanotarisira sezvinotevera:

- achidzikisa nguva inodiwa yokuti ugari;

- kuderedza mwero mari chokuita kugarwa mabasa Vatori RBC;

- kunonyanyisa rutapudzo zvayakaipira vachifambidzana Masvomhu mukati kundoongororwa mabasa.

Zviri pachena kuti masangano akadaro kuti kwema nyore uye yakavimbika, zvanzi chinokwezva dzakawanda vatengi.

Zvinofanira kunzwisiswa sezvinotevera: kuitira kuti vabudirire apa zvinangwa zvinoda rezinesi pakati Central Bank, aunopiwa kodzero kushumira mubhadharo kwema chimwe RBC. Kazhinji, makambani aya vakanyorwa sechinhu LLC, kunyange zvazvo dzimwe pamutemo siyana.

Zvine musoro kutaura kuti kundoongororwa sangano - chivakwa kuti anogona kushanda sezvo vasina kuchengetedzeka pamusika mumwe, uye vashoma. Uye pamanyorerwo mabasa dzimwe nguva kwete nyika chete asiwo dzakawanda.

Key zvinhu

Mushure murongi pakutengeswa chinoguma chibvumirano ne kundoongororwa centre, sangano iri kutarisirwa imwe basa. Musimboti yokupedzisira zvingaderedzwa kuti kutaridza akakodzera features, uhwo kupishinura uye ikoko:

- kuongorora kuvapo kwokutanga kumahombekombe azvidavirire kutengeserana mukwikwidzi;

- okutambirwa mafomu vari kutengesa ino uye kwavakazoita kunyoresa;

- kubvuma mafomu-inopa kubva makasitoma;

- vanyorwa kutengeserana, rakanga akagumisa;

- kuyananiswa pashure kuitwa vaitaura kuti yemabhuku murayiro;

- nechokwadi azere uye chaiyo kuzadzika sungiro yavose vaviri mune kutengeserana;

- Pakusarudza kukura ari kushanduka kumahombekombe zvayo chinja;

- vanoumba vimbiso (chaiwo) mari;

- Zvokudya kwokupedzisira kugarwa pakati makaita mapati, zvange raanotaura kondirakiti.

Paaiita mabasa iwayo, kundoongororwa sangano anogona kumirira zvido mapato maviri pamberi zvavo vasati kubvumirana. Uyezve, kare pachena zviri ndechokuti pasina kuyananiswa nomumwe kutengeserana rakagumisa okupedzisira kukundikana zvazvingava kuchawedzera yekudyidzana. Somugumisiro, vanoita huru achasangana zvachose zvisingakoshi kunzwisisa. Nokuda kwechikonzero ichi, avo mabasa kuti aite masangano kubvisa ari kuchengetedzeka pamusika, akakodzera uye kunyange zvichidiwa.

Sei guta guru sangano

The boka, iro akasarudza munda kupishinura Chokwadi, ndiko kuti purofiti. Uye izvozvo zvokutenga repamutemo zvinowanisa rayo guru achishandisa zvinotevera zvinopa mari:

- kunyoresa uye Tracking pamusoro kwema;

- Mabatirwo mari inoitwa nesangano pachayo;

- sale mashoko;

- mari kubva kutengeswa michina Masvomhu aishandiswa kambani uye Software uyewo.

Hazvina kunaka kucherechedza kuti iri kuchena masangano nenzvimbo imwe nzvimbo huru mune vanotengesa rinobva kuchengetedzeka. Tiri kutaura wemari kusarudza uye neramangwana zvibvumirano. Zvinofanira akajekesa uye nguva kuti mumisika siyana reconciliations hurongwa achava oneka kusiyana. Izvi zvinotsanangurwa maererano siyana zvemaBhaibheri kwema, mutengo kushanda uye yakananga musika marongerwo.

mhando netting

Activities zvinosanganisira kupishinura nemasangano kuita kwema umo zvaizopedza rinoshandiswa uye marudzi maviri: multilateral uye bilateral.

Muchiitiko chokutanga mativi overenga zvavaifanira kana zvinodiwa mukati yakati kumwedzi. Kuti tizive nzvimbo (nepakati) wakanyorwa musiyano nokubatira vechikamu uye ayo zvinodiwa. Izvi mhando kutengeserana ndicho. Panyaya iyi, kana pachiyero haasi razero, nzvimbo iri kuonekwa akazaruka uye akadzivira zvakasiyana ezvinhu.

Mune bilateral netting iri pairwise kukarukureta pamusoro yakawiriranwa dzinofunga achishandisa kuchengetedzeka kana mari. Sezvo pamusika chete zvikuru kashoma kuwana panguva zvaizopedza pamusoro migove uye mari, chimiro ichi rinoshandiswa Kazhinji.

Mamiriro muRussia

Kana tikatarisa Stock Exchange kushanda mundima Kishi, chichagamuchirwa kucherechedzwa kuti vazhinji vavo vakazvimiririra anoita mabasa chaiwo kujekesa masangano. Panguva iyoyo kuMadokero, mamiriro acho ezvinhu akasiyana zvachose pakatarisana.

Zvinokosha kucherechedza kuti muRussia kushandisa kuminamato rechitatu-party achiposa masangano, asi mari kubhadhara chete pakupera kundoongororwa, uye uwandu mambure nzvimbo. Exchange aigona chikamu ichi basa rokuita pachavo, asi vasina mukana wakadaro nokuda shoma kukura kwete mbiri masangano maererano mutemo Russian.

Somugumisiro, kuRussia yakazaruka dzezvimwe kupedza Exchange kupishinura mabasa anodiwa chete aidzora kana vemumapato NGO masangano.

Asi kuchena sangano - rinowanika kuRussia muchimiro yebasa, iro kunganzi pasi rezinesi. Yokupedzisira outputs Central Bank.

zvabuda

Mashoko ari pamusoro apa, unogona kuita pachena mhedziso; basa mumunda kupishinura rinoshanda uye vacharamba saka chero bedzi kuchengetedzeka pamisika, uyewo dzimwe Exchange kwema dzazadziswa.