Ndechipi chisungo: Highlights

Saka, chii chisungo? The Bhizimisi mamiriro ezvinhu rinosanganisira iri anobuda chikwereti kuchengetedzeka, chikuru aizoonekawo runoonekwa kuva kuzvipira, regai chake dzimwe nguva kubhadhara anaro mari hwacho pariri, uye kufarira (kopani zviridzwa). Kusiyana mumatanda kuwana paari wakaiswa. Uyo akapa chisungo, wakatumidzwa issuer. Kunogona kuita sesangano, kwokubatsira nevarikutonga masimba akasiyana siyana, makambani vavatorwa yose nyika .

The nyaya chisungo anogona kuitwa panguva yakasiyana - kubva gore rimwe akawanda emakore. Munhu ane inonzi anaro yacho gwaro. Kusiyana kwakajairika chikwereti kuchinjwa kodzero chikwereti kwakadaro haatarisiri Clearance huru dzokuvhiya. Kutenga zvisungo uye kutengesa navo asati kukura anogona kuitwa kakawanda. Kana zvichienzaniswa nemamwe Nokutendeka kuchengetedzeka - mumatanda, tinogona kusiyanisa musiyano mukuru. Ndechipi chisungo - ndiko pfuma mukweretesi kodzero kudzoka wabhadharwa ndinoiitawo mubereko. It haabvumiri anaro kuva muridzi migove pamusoro kambani kuti akapa nayo, uye kubatanidzwa mune yekambani pachataurwa basa.

Uyezve, bondholders vane zvaunoda kodzero kudzoka chikwereti mari toreva yokuisira kuti migove kodzero mibayiro. Pfungwa iyi yakaramba iri zvinoitirwawo kusauka yacho issuer. Pakuongorora ichi nemaonero, kuti yakadaro chisungo, zvinganzi kwakagumisa kuti zviri zvikuru nesimba kuchengeteka, pane chiito. Kunyanya kana ibudiswe chero zvishoma nezvishoma kusimukira ane kunobatsira zvakanaka. Mune mamwe mamiriro ezvinhu, zvinogona kuitwa kutendeutsa migove uye zvisungo.

Kungofanana kuchengetedzeka, vakapinda siyana, zvichienderana mamwe maitiro. Ndechipi chisungo, kana kuonekwa pamusoro chikonzero izvi? Zvingava zvakasiyana maererano mhando uye issuer pamusoro chikwereti rokuti, sezvinorondedzerwa pamusoro. Makavigwa maitiro yechipiri inogona dzaisiyana kwete chete nokuda ya kwenguva, asi achichinjwawo nezvaanogona ayo. Kunyanya, pepa inogona wakaiswa uye undated kukura. Zvichienderana mwero varidzi kusungwa inogona kuva mutakuri uye vakanyorwa (kana anaro kunoratidzwa pamusoro gwaro iri rekodhi mumabhuku).

Izvi chikwereti kuchengetedzeka issuance anogona kugoverwa pamusoro chipfuro (nokuti mari nezvevamwe mabasa) uye kwakajairika. Accommodation mhando zvisungo vanogona kusununguka uye vanomanikidzwa lnym. Panewo kupatsanura muchimiro kudzoka kubva vakakwereta mari (muchimiro mumuviri uye mari). Kudzima chikwereti anogona bundu mari kana mune Yakabudiswa.

Mukuwedzera, zvisungo dzinoiswa ne nzira muripo: kufarira chete, chete chezita, Verengai yapfuura vaviri panguva rokudzikinurwa, nokubatanidzwazve, nguva nenguva yakatarwa mari ndinoiitawo huru mari pakupera yacho chikwereti izwi. Kopani riri zvazvingava zvingava zvakasiyana (zvinoyangarara noruvara kuwedzera, Minimal vakavhengana, dzinogara). Papers angava convertible ndiEzekieri, uye vane kupatsanura zvichienderana collateralized.