Bond njengoba omunye izinhlobo izibambiso

Omunye imisebenzi eyisisekelo nanoma yikuphi ukuphepha - ukunikeza inzuzo kumnikazi wayo, okubhekisele ngokugcwele izibopho. Kuye ngendlela lapho umnikazi isibopho uthola iholo, isibopho kungase kube isigqebhezana noma isaphulelo. Bond bavele emakethe izibambiso, ezifana iphepha, esizolokhu isigqebhezana, okuyinto kwaba iphesenti ukubuya kanye nosuku irisidi yayo. Ngemva kwalokho-ke ngolunye lwalezo umnikazi uthola imali lezo zibopho futhi isigqebhezana ungacimi.

Ngakho, isaphulelo isibopho - a ukuphepha nge zero yekhuphoni, ngenxa yokuthi ayikwazi ukusetha isilinganiso sokubuyisela. Umnikazi zibambiso ke othenga at isaphulelo futhi ithola iholo kusukela isaphulelo, ie umehluko. I-Russian stock market ngokuvamile kakhulu osebenzisa lesi lwesibopho. Isibonelo esingokoqobo isibopho isaphulelo of short-term zero-isigqebhezana izibopho, okuyinto edayiswa endalini ngentengo sihluke kwenani eliyimali ohlangothini ezincane.

Ngokuvamile lapho nokhiphe udaba isibopho usetha othile value ngokulinganisa of izibambiso kanye isilinganiso sokubuyisela kuphesenteji imigomo. Ikhuphoni isibopho ngokuvamile has a senzalo engaguquki, okuyinto lokuphekiwe kakhulu izibopho. Phakathi isikhathi sokwelashwa yakhe, imali unomphela ikhokhelwa kulo. Kuyaphawuleka ukuthi ukufaka ezihleliwe senzalo kungenzeka kuphela isimo esitebeleni zomnotho kuleli zwe, lapho amazinga namanani cishe zinjalo. Uma kungenjalo, isikhathi fixed interest rate kusho izingozi enkulu ngoba wezitifiketi. Uma zenzalo zehliswa, kuyodingeka ukuthi akhokhe imali ngesilinganiso, okuyinto udonsa Ukukhishwa.

Ngokwemvelo, lokhu kusho issuers bathole indlela okunengqondo kulesi simo. Baqala ukukhipha izibopho nge elintantayo senzalo. Yande lobo etholwe Melika in the 80s, lapho libhekwa ukuthambekela ukubeka okusezingeni eliphezulu inzalo engako, futhi ushintsho njalo. izinkampani Ukuze kwaba inzuzo ukukhipha izibopho nge elintantayo senzalo, okuyinto bahlanganiswe Inkomba ethize, okuyinto, lona ngokwalo lukhombisa isimo emakethe yezimali emhlabeni wangempela. Ngokuvamile, isilinganiso esinjalo bekulokhu ukuvuma izinyanga ezintathu Treasury izikweletu. Uma uqala isibopho eyodwa senzalo, bese ngemva kwezinyanga ezintathu, lo kulinganisela kushintshwe kuye ngokuthi ukuvuma izikweletu. Ngokuvamile, inani lenzalo isibopho yakhiwa izingxenye ezimbili: inani lenzalo ku yengcebo izikweletu kanye premium ingozi 0.5%.

Uma sicabangela isimo Russian izibambiso emakethe, isibonelo samambala izibopho nge rate elintantayo kungenziwa ngokuthi i federal loan izibopho, lapho babe isigqebhezana variable, noma izibopho loan ukonga isimo. Ukuhoxa lokugcina encike ngqo kwi inzuzo T-izikweletu. Izinkokhelo ku isigqebhezana izibopho kukhona ngezikhathi nemvelo, kuye ngokuthi izimo elisungulwe Ukukhishwa izibopho, imali ku kungenzeka ukuthola ngekota, nengxenye engu-noma unyaka.

Ngezinye izikhathi isibopho kungenziwa ikhishwe isigqebhezana, okuyinto enqunyiwe isithakazelo fixed kanye nokuvikeleka okuthengiswa at isaphulelo. Khona-ke umnikazi uthola iholo kusukela ezifana "kabili" sokuphepha: it has a isigqebhezana izinkokhelo njalo, futhi ekuvuthweni uthola imali eyengeziwe.

Sengiphetha, ngizothanda ukubalula zokuphepha ezifana isibopho ngezimali. Sizozama ukuchaza ke. Kwakheka isibopho lolu hlobo engenisa imali kuphela uma inkampani inzuzo. Ayikho imali, akukho nzuzo. Bond ezithela kungaba lula noma ezuziwe. Ukuze izibopho elula kulesi sifundazwe eminyakeni eyedlule "phansi" imali ingakhokhiwe, ngisho noma esikhathini okwalandela kwesikhathi ngokuqinile ithola inzuzo okusezingeni eliphezulu. Kodwa on the ezuziwe isibopho imali wena zanqwabelana futhi ikhokhelwe ngangokunokwenzeka. ekuqongeleleni isikhathi ngokuvamile kungagcini iminyaka emithathu. Ngokuvamile, nokuqedwa izibopho ezuziwe iphakeme kakhulu kunanoma wezabelo ezijwayelekile kanye nezibopho abavamile.