Thanh toan quoc te

BI TP
BI 1
Hy xc nh phng php yt gi ca cc cp t gi sau: (nh du X vo c chn)
Th trng
T gi
Trc tip
Gin tip
London
GBP/USD
x
Frankfurt
EUR/USD
x
Singapore
USD/SGD
x
New York
USD/HKD
x
Tokyo
USD/JPY
x
Sydney
AUD/USD
x
BI 2
Hy hon thnh cc trng trong bng sau:
T gi
Mua
EUR/USD
1.2016
USD/JPY
102.76
GBP/USD
1.6724
USD/CHF
1.5220
AUD/USD
0.6784
EUR/JPY= EUR/USD x
123.47 = 1.2016 x 102.76
USD/JPY
GBP/EUR
1.3913
EUR/CHF
1.8288
EUR/AUD
1.7676
GBP/JPY
171.86
CHF/JPY
67.4853
AUD/JPY
69.7124
GBP/CHF
2.5454
GBP/AUD
2.4601
BI 3
Hy hon thnh cc trng trong bng sau:
T gi
EUR/USD
USD/JPY
GBP/USD
USD/CHF
AUD/USD
Li sut (%/nm)
EUR
USD
JPY
GBP
CHF
AUD
T gi k hn 60 ngy
Trang 1

Bid
1.2016
102.76
1.6724
1.5220
0.6784
Bid
4
4
6
4
5
5
Bid

Bn
1.2020
103.54
1.6735
1.5227
0.6798
124.46 =1.2020 x 103.54
1.3927
1.8303
1.7718
173.27
68.0289
70.3865
2.5482
2.4668

Ask
1.2020
103.54
1.6735
1.5227
0.6798
Offer
4.5
5
7
4.75
6
6.25
Ask

Thanh toan quoc te

EUR/USD
USD/JPY
GBP/USD
USD/CHF
AUD/USD

1.2006
102.93
1.6705
1.5220
0.6758

1.2040
104.06
1.6764
1.5278
0.6798

BI 4
Da vo kt qu bi 3, hy cho bit s ngoi t Cng ty A cn giao dch sau 60 ngy trong
trng hp:
1. Bn 100 000 EUR ly USD
NH mua EUR, bn USD
S USD = 100 000 x 1.2006 = 120 060
2. Mua 150 000 GBP bng USD
NH bn GBP, mua USD
S USD = 150 000 x 1.6764 =
3. Bn 120 000 USD ly JPY
NH mua USD, bn JPY
S JPY = 120 000 x 102.93 =
BI 5
Mt nh xut khu thu v 90.000 GBP nhng li phi thanh ton 50.000 HKD v 70.000
JPY. Tnh s GBP cn li sau khi thanh ton, bit t gi trn th trng c nim yt
nh sau:
GBP / USD = 1.6297 / 05
USD / HKD = 5.3225 / 35
USD / JPY = 110.40 / 50
S GBP dng mua 50000 HKD
=> NH mua GBP, bn HKD cho Cty
T gi mua GBP/HKD = 1.6297 x 5.3225 = 8.6741
1GBP = 8.6741 HKD
? GBP = 50 000 HKD
S GBP = 50000/8.6741 = 5764.29 GBP
S GBP dng mua 70.000 JPY
T gi mua GBP/JPY = 1.6297 x 110.40 = 179.92
S GBP = 70.000/ 179.92 = 389.06 GBP
S GBP cn li:
90000 (5764.29 + 389.06) = 83846.65 GBP
BI 6
Cng ty A thu tin hng xut khu l 5.000.000 la Hng Kng ng thi phi thanh ton tin
hng nhp khu 1.000.000 Yn Nht, s tin cn li cng ty chia lm 2 phn nh sau: 30%
chuyn thnh CAD, cn li bao nhiu i sang EUR.
Trang 2

Thanh toan quoc te

Hy tnh s CAD v EUR cng ty c c, bit t gi trn th trng c cng b nh

sau:
USD/JPY = 102.20 / 106.40
USD/CAD = 1.3296 / 05

USD/HKD = 7.7860 / 90
USD/EUR = 1.0295 / 07

S HKD dng mua 1000.000 JPY

Bid HKD/JPY = 102.20 / 7.7890 = 13.1210
S HKD: 1.000.000 / 13.1210= 76,213.70 HKD
S HKD cn li: 5.000.000 76,213.70 = 4,923,786.30 HKD
S HKD dng mua CAD = 4,923,786.30 x 30% = 1,477,135.89 HKD
S HKD dng mua EUR = 4,923,786.30 x 70% = 3,446,650.41 HKD
S CAD thu c:
Ask CAD/HKD = 7.7890 / 1.3296 = 5.8582
S CAD = 1,477,135.89 / 5.8582 = 252,148.42 CAD
S EUR thu c
Ask EUR/HKD = 7.7890 /1.0295 = 7.5658
S EUR = 3,446,650.41 / 7.5658 = 455,556.64 EUR
BI 7
Cng ty Tobimex cn thanh ton 3.000.000 JPY hng nhp khu ca Nht vo 90 ngy sau
nhng s d ngoi t ca h l HKD. Cng ty quyt nh mua c k hn 3 thng s JPY ny
bng HKD. Cho bit t gi giao dch hin nay l:
JPY/VND = 118.72 / 122.91
HKD/VND = 1781 / 1831
Li sut cc ng tin nh sau:
JPY: 7% - 7.5% nm
HKD: 6% - 6.5% nm
Hi cng ty phi chi bao nhiu HKD thanh ton tin hng nhp khu?
NH mua k hn HKD, bn JPY
Rs Bid HKD/JPY = 1781/ 122.91 = 14.4903
Rf Bid HKD/JPY = 14.4903 + 14.4903(7%-6.5%)x90/360 = 14.5084
S HKD Cng ty phi chi: 3.000.000/ 14.5084 = 206,776.76 HKD
BI 8
Vo 90 ngy sau Cng ty A thu tin hng xut khu l 5.000.000 la Hng Kng ng thi
phi thanh ton tin hng nhp khu 1,000,000.00 Yn Nht, s tin cn li Cng ty chia lm
hai phn nh sau: 30% chuyn thnh CAD, cn li bao nhiu i sang EUR.
Hy tnh s CAD v EUR cng ty c c, bit t gi c cng b nh sau:
USD/JPY = 102.20 / 106.40
USD/HKD = 7.7860 / 90
USD/CAD = 1.3296 / 05
USD/EUR = 0.9298 / 07
Li sut cc ng tin:
JPY: 7% - 7.5% nm
HKD: 6% - 6.5% nm
CAD: 6% - 7%
Trang 3

Thanh toan quoc te

EUR: 6.5% - 8%
S HKD dng mua 1000.000 JPY
Rs Bid HKD/JPY = 102.20 / 7.7890 = 13.1211
Rf Bid HKD/JPY = 13.1211 + 13.1211 (7% - 6.5%) x 90/360 = 13.1375
S HKD: 1.000.000 / 13.1375 = 76,117.98 HKD
S HKD cn li: 5.000.000 76,117.98 = 4,923,882.02 HKD
S HKD dng mua CAD = 4,923,882.02 x 30% = 1,477,164.61 HKD
S HKD dng mua EUR = 4,923,882.02 x 70% = 3,446,717.41 HKD
S CAD thu c:
Rs Ask CAD/HKD = 7.7890 / 1.3296 = 5.8582
Rf Ask CAD/HKD = 5.8582 + 5.8582 (6.5% - 6%) x 90/360 = 5.8655
S CAD = 1,477,164.61 / 5.8655= 251,839.50 CAD
S EUR thu c
Rs Ask EUR/HKD = 7.7890 /0.9298 = 8.3771
Rf Ask EUR/HKD = 8.3771 + 8.3771 (6.5% - 6.5%) x 90/360 = 8.3771
S EUR = 3,446,717.41 / 8.3771 = 411,445.18 EUR
BI 9
Ngy 08/03/2004 t gi trn th trng:
USD / VND = 15 725 / 15 735
USD / HKD = 7.2215 / 7.2220
Theo hp ng mua bn ngoi thng, ngy 08/06/2004 Cng ty ABC s thu v 20000 HKD.
trnh ri ro v TGH, Cng ty quyt nh bn c k hn s ngoi t ny cho Ngn hng.
Tnh s VND Cng ty thu v ngy 08/06/2004, bit li sut trn th trng:
VND: 7% - 9%
HKD: 6% - 7%
Rs Bid HKD/VND = 15 725 / 7.2220 = 2,177.37
Rf Bid HKD/VND = 2,177.37 + 2,177.37 (7% - 7%) = 2,177.37
S VND Cty thu c: 20 000 x 2,177.37 = 43,547,400.00 VND
BI 10
Vo 90 ngy sau Cng ty XNK A s thu v 100 000 GBP t hng xut khu nhng ng thi
phi thanh ton cc khon sau:
- Tr tin hng nhp khu:
30 000 CHF
- ng trc tin cho ngi bn
40 000 USD
- S GBP cn li Cng ty dng 60% mua USD, cn li chuyn sang VND.
Cho bit:
T gi giao ngay trn th trng:
USD/JPY = 125.86 / 127.12
USD/EUR = 0.9125 / 37
GBP/CHF = 2.6294 / 02
GBP/JPY = 180.12 / 182.26
JPY/VND = 123.57 / 125.34
Li sut th trng: (%/ nm)
EUR: 5.0 5.5
GBP: 4.5 5.5
Trang 4

Thanh toan quoc te

JPY: 7.0 8.0

CHF: 6.0 6.5
USD: 5.0 6.0
VND: 7.0 9.0
Hy tnh:
1/ T gi k hn 90 ngy ca:
EUR/JPY
GBP/CHF
GBP/USD
GBP/VND
2/ S USD v VND Cng ty nhn c vo 90 ngy sau.
Li sut ca GBP quy v 360 ngy: 4.5 x 360/365 5.5 x 360/365 = 4.44 5.42
Rs Bid EUR/JPY = 125.86/0.9137 = 137.75
Rs Ask EUR/JPY = 127.12/0.9125 = 139.31
Rf Bid EUR/JPY = 137.75 + 137.75 (7.0% 5.5%) * 90/360 = 138.27
Rf Ask EUR/JPY = 139.31 + 139.31 (8% - 5%) * 90/360 = 140.35
Rf Bid GBP/CHF = 2.6294 + 2.6294 (6% - 5.42%)* 90/360 = 2.6332
Cch 2: Rf Bid GBP/CHF = 2.6294 + 2.6294 (6%/360 - 5.5%/365)* 90 = 2.6332
Rf Ask GBP/CHF = 2.6302 + 2.6302 (6.5%/360 4.5%/365) * 90 = 2.6437
Rs Bid GBP/USD = 180.12/127.12 = 1.4169
Rs Ask GBP/USD = 182.26/ 125.86 = 1.4481
Rf Bid GBP/USD = 1.4169 + 1.4169 (5%/360 5.5%/365) * 90 = 1.4154
Rf Ask GBP/USD =1.4481 + 1.4481 (6%/360 4.5%/365) * 90 = 1.4538
Rs Bid GBP/VND = 180.12 * 123.57 = 22,257
Rs Ask GBP/VND = 182.26* 125.34 = 22,844
Rf Bid GBP/VND = 22,257 + 22,257(7%/360 - 5.5%/365) * 90 = 22,345
Rf Ask GBP/VND = 22,844 + 22,844 (9%/360 - 4.5%/365) * 90 = 23,104
S GBP cng ty dng mua 30,000 CHF => dng Rf Bid GBP/CHF = 2.6332
1GBP = 2.6332 CHF
?GBP = 30,000 CHF
S GBP = 30,000/2.6332 = 11,392.98 GBP
S GBP cng ty dng mua 40,000 USD => dng Rf Bid GBP/USD = 1.4154
1GBP = 1.4154 USD
?GBP = 40,000 USD
S GBP = 40,000/1.4154 = 28,260.56 GBP
S GBP cn li: 100,000 (11,392.98 + 28,260.56) = 60,346.46 GBP
S GBP dng mua USD: 60,346.46 * 60% = 36,207.88 GBP
S GBP dng mua VND: 60,346.46 * 40% = 24, 138.58 GBP
S USD Cng ty nhn c: (dng Rf Bid GBP/USD = 1.4154)
36,207.88 * 1.4154 = 51,248.63 USD
S VND Cng ty nhn c: (dng Rf Bid GBP/VND = 22,345)
24, 138.58 * 22,345 = 539,376,570 VND

Trang 5

Thanh toan quoc te

BI 11
Th trng c cc thng tin sau:
T gi giao ngay trn th trng:
USD/JPY = 129,86 / 135,12
USD/EUR = 0,9125 / 37
CHF/JPY = 82,16 / 84,72
GBP/JPY = 180,12 / 182,26
JPY/VND = 123,57 / 125,34
Li sut th trng: (%/ nm)
EUR: 5,0 5,5
GBP: 4,5 5,5
JPY: 7,0 8,0
CHF: 6,0 6,5
USD: 5,0 6,0
VND: 7,0 9,0
Vo 90 ngy sau Cng ty XNK A s thu v 100 000 USD t hng xut khu nhng ng thi
phi thanh ton cc khon sau:
- Tr tin hng nhp khu:
30 000 CHF
- ng trc tin cho ngi bn
40 000 EUR
- Cty dng USD mua k hn cc loi ngoi t trn, s USD cn li Cng ty dng 50%
mua GBP, cn li chuyn sang VND.
Bit tt c cc giao dch trn thc hin vi ngn hng A. Hy tnh s GBP v VND cng ty
thu v khi n hn.
S USD dng mua CHF
Rs Bid USD/CHF = 129,86 / 84,72 = 1.5328
Rf Bid USD/CHF = 1.5328 + 1.5328 (6,0% - 6,0%) x 90/360 = 1.5328
1 USD 90 ngy sau = 1.5328 CHF
? USD
= 30 000 CHF
S USD = 30000 / 1.5328 = 19,572.03
S USD dng mua EUR
Rs Bid USD/EUR = 0,9125
Rf Bid USD/EUR = 0,9125 + 0,9125 (5,0% - 6,0%) x 90/360 = 0.9102
S USD = 40000 / 0.9102 = 43,946.39
S USD cn li:
100,000 (19,572.03 + 43,946.39) = 36,481.58 USD
S GBP thu c:
Rs Ask GBP/USD = 182,26 / 129,86 = 1.4035
Rf Ask GBP/USD = 1.4035 + 1.4035 (6,0%/360 - 4,5%/365) x 90 = 1.4090
1 GBP 90 ngy sau = 1.4090 USD
? GBP
= (36,481.58 x 50%)USD
S GBP = 36,481.58 x 50% / 1.4090 = 12,945.90 GBP
S VND thu c:
Trang 6

Thanh toan quoc te

Rs Bid USD/VND = 129.86 x 123.57 = 16,047

Rf Bid USD/VND = 16,047 + 16,047 (7,0% - 6,0%) x 90/360 = 16,087
S VND = 36,481.58 x 50% x 16,087 = 293,434,923 VND
BI 12
Gi s khng c chi ph giao dch, vi 1 000 000 USD, nh kinh doanh s kinh doanh nh th
no thu c li nhun cao nht qua 3 th trng sau:
Zurich:
USD/CHF = 1.3276/85
New York:
GBP/USD = 1.4492/07
London:
GBP/CHF = 1.9194/08
Cch 1: Zurich -> London -> New York
S CHF thu c ti Zurich: 1000000 x 1.3276 = 1,327,600 CHF
S GBP thu c ti London: 1,327,600 : 1.9208 = 691,170.35 GBP
S USD thu c ti Newyork: 691,170.35 x 1.4492 = 1,001,644.07 USD > 1,000,000 $
Cch 2: New York -> London -> Zurich
gii ti lp. Bi ny c th gii theo cch sau:
T gi O Bid USD/CHF ti New York v London: = 1.9194/1.4507 = 1.3231< 1.3276
Chn kinh doanh qua Zurich trc
S USD thu c: 1000000 x 1.3276 : 1.9208 x 1.4492 = 1 001 644.06 USD
=> Nu kinh doanh s li 1 644.06 USD
BI 13
Vo thi im t, trn th trng t gi c cng b nh sau:
Ti th trng Newyork :
:
USD/EUR = 0.9298 / 10
Paris
:
EUR/JPY = 140.15 / 142.25
Tokyo
:
USD/JPY = 106.03 / 108.07
Vi 1 000 000 USD, Anh (Ch) c nn kinh doanh bng nghip v Arbitrage khng?
Cch 1: Newyork => Paris => Tokyo
1,000,000 * 0.9298 * 140.15 : 108.07 = 1,205,806.14 USD
Li 205,806.14 USD
Cch 2: Tokyo => Paris => Newyork
1,000,000 * 106.03 : 142.25 : 0.9310 = 800,620.68 USD
Khng kinh doanh v l.
Kt lun: Chn kinh doanh theo cch 1
T gi O Bid USD/EUR ti Paris v Tokyo : 106.03/ 142.25 = 0.7454 < 0.9298
Chn kinh doanh qua Newyork trc
S USD thu c: 1000000 x 0.9298 x 140.15 : 108.07 = 1 205 806.14 USD
=> Nu kinh doanh s li 205 806.14 USD
BI 14
Trang 7

Thanh toan quoc te

C thng tin trn cc th trng ti thi im G nh sau:

Paris:
EUR/JPY = 127.25/96
Zurich:
EUR/CHF = 1.3785/95
Singapore:
EUR/SGD = 1.3992/09
Tokyo:
CHF/JPY = 94.12/27
SGD/JPY = 83.15/26
Vi 1 000 000 EUR trong tay, gi s khng c chi ph giao dch, hy kinh doanh qua 3 th
trng sao cho c li nht.
EUR => JPY => CHF => EUR
1,000,000 x 127.25 : 94.27 : 1.3795 =
EUR => JPY => SGD => EUR
1,000,000 x 127.25 : 83.26 : 1.4009 =
EUR => CHF => JPY => EUR
1,000,000 x 1.3785 x 94.12 : 127.96 =
EUR => SGD => JPY => EUR
1,000,000 x 1.3992 x 83.15 : 127.96 =
BI 15
Hy lp mt hi phiu da trn vic thc hin ng cc ni dung c trch t hp ng s
XK756/03 ngy 07/07/07, ngy giao hng 18/08/07, ho n s EX786/03 ngy 17/08/07
Buyer: Hoou Co., Ltd.
3-1-21 Kanenokuma
Hakata Ku Fukuoka
Japan
At bank:
DKBLJPJT
DAI-ICHI KANGYO BANK, Ltd.,
The TOKYO
Seller: Taek wang Vina Ind. Co., Ltd
26-27 Bienhoa Ind. Zone 2
Bienhoa City, Dongnai Province
Vietnam
At bank:
Bank for foreign Trade of Vietnam
27 Ben Chuong Duong, Dist. 1
Hochiminh City, Vietnam
Amount:
USD 756,737.64
Documents required:
- Draft at: 30 days from B/L date
- Clean on board Bill of Lading
- Invoiced in .

Trang 8

Thanh toan quoc te

No:

BILL OF EXCHANGE

EX786/03

Bienhoa City , 18 Aug 2007

For: USD 756,737.64

At 30 days from B/L date .sight of this First Bill of Exchange (Second of the same tenor and
date being unpaid). Pay to the order of Bank for foreign Trade of Vietnam
27 Ben Chuong Duong, Dist. 1
Hochiminh City, Vietnam

The sum of United States Dollars seven hundred fifty six thousand, seven hundred thirty
seven and cents sixty four.
To:

Taek wang Vina Ind. Co., Ltd

26-27 Bienhoa Ind. Zone 2
Bienhoa City, Dongnai Province
Vietnam

Hoou Co., Ltd.

3-1-21 Kanenokuma
Hakata Ku Fukuoka
Japan .

BI 16
Trch mt s iu khon t L/C s 2099LA413
From: Asia Commercial Bank HCM City Vietnam
To: Sumimoto Bank Ltd
The Singapore branch, Singapore
Date of issue: January 15, 2001
Date and place of Expiry: May 28, 2001 in Singapore
Applicant: Trade Services Import Export Company
469 Le Hong Phong Str., Dist. 10
Hochiminh City, Vietnam
Beneficiary: Itochu Asia Pte Ltd
9 raffles Quay hex 41-01
Republic Plaza Singapore 048619
Trang 9

Thanh toan quoc te

Currency code, amount : USD 25,008

Drafts at: 60 days after sight
Partial shipments: not allowed
Latest date of shipment: March 30, 2001
Hy lp hi phiu bit ho n bn bn lp s AQ 1365/VN, ngy lp ho n: 15/03/2001,
ngy giao hng 16/03/2001. Ngn hng thng bo l ngn hng phc v nh xut khu

No:

BILL OF EXCHANGE

AQ 1365/VN
For:

USD 25,008.00

Singapore , 16 Mar 2001

At 60 days after sight of this First Bill of Exchange (Second of the same tenor and date
being unpaid). Pay to the order of Sumimoto Bank Ltd
The Singapore branch, Singapore
The sum of United States Dollars twenty five thousand and eight only.
Value received as per our invoice(s) No: AQ 1365/VN

Dated 15 Mar 2001

Drawn under: Asia Commercial Bank HCM City Vietnam

Confirmed / Irrevocable / Without recourse L/C No: 2099LA413.
Dated/ Wired: January 15, 2001..
To: Asia Commercial Bank HCM City Vietnam
Itochu Asia Pte Ltd
9 raffles Quay hex 41-01
Republic Plaza Singapore048619

BI 17
Trch mot so ieu khoan t L/C so ILCO/0088/00
Received from:
Standar Chartered Bank
London 1 Aldermanbury
Square London EC2V7SB UK
To:
Bank for Foreign Trade of Vietnam
Hochiminh City Branch
Date of Issue:
01 01 23
Date and place of Expiry: 01 03 30
in Vietnam
Aplicant:
NMB-HELLER TRADE FINANCE LTD
24 BENNETTS HILL
BIRMINGHAM
B2 5QP
Trang 10

Thanh toan quoc te

Benificiary:

BAROTEX EXPORT IMPORT COMPANY

15 Ben Chuong Duong
Ho Chi Minh City, Vietnam
Currency code, Amount: USD 15,307.60

Drafts at: at sight

Drawee:
SCB LGB 2L
Standar Chartered Bank
London 1 Aldermanbury
Square London EC2V7SB UK
Partial shipments: not allowed
..
Latest date of shipment: 01 03 15
Documents required:

Hay lap 1 Hoi phieu biet: Ngay giao hang 01/03/01

Hoa n ben ban lap so AA/976 ngay 28/02/01
Ngan hang thong bao la ngan hang phuc vu nha xuat khau (NH Ngoai thng Viet Nam
Chi nhanh TP.HCM)

Trang 11

Thanh toan quoc te

No:

BILL OF EXCHANGE

AA/976
For:

USD 15,307.60..

Ho Chi Minh City, 01 Mar 2001.

At xxx.sight of this First Bill of Exchange (Second of the same tenor and date being
unpaid). Pay to the order of Bank for Foreign Trade of Vietnam
Hochiminh City Branch
The sum of United States Dollars fifteen thousand, three hundred and seven and cents sixty.
Value received as per our invoice(s) No: AA/976 Dated 28 Feb 2001
Drawn under: Standar Chartered Bank
Confirmed / Irrevocable / Without recourse L/C No: ILCO/0088/00.
Dated/ Wired: 23 Jan 2001
To: SCB LGB 2L
BAROTEX EXPORT IMPORT COMPANY
Standar Chartered Bank
15 Ben Chuong Duong
London 1 Aldermanbury
Ho Chi Minh City, Vietnam
Square London EC2V7SB UK

BI 18
BILL OF EXCHANGE
No: 05/IVC.04

Seoul, 27 Nov., 2004

For: SGD 900,000.00

At sight of this first Bill of Exchange (Second of the same tenor and date being unpaid). Pay to
Hanvit Bank, Seoul
203, Hoehyon Dong 1 Ga, Chung Gu
Seoul, Korea
The sum of SingaporeDollars nine hundred thousand only
Value received as per our invoice(s) No(s): 05/IVC. 04
Dated: 27 Nov., 2004
Drawn under: Bank of Hawaii International Corporation
Confirmed/ Irrevocable/ Without Recourse L/C No: 8CMLC359
Dated/ Wired: 25 Oct., 2004
To: Bank of Hawaii International Corporation
Yoo Kyung Co. Ltd.
rd
New York, NY
3 Floor 173-8 Sukchon Dong Songpa Ku
Seoul, Korea
5th Floor, 45 Broadway, New York City,
NY 10006, U.S.A
BI 19
Trang 12

Thanh toan quoc te

Gi s Cng ty A mua 1 hp ng quyn chn mua tr gi 50 000 USD, t gi thc hin l

16,020 VND/USD, chi ph mua quyn chn l 20 VND/USD, hy hon thnh bng phn tch
di y:
vt: triu VND
T gi
15980
16000
16020
16040
16060
16080
1
1
1
1
1
Ph mua quyn chn
1
i khon VND khi mua USD
799
800
801
801
801
801
Tng s tin cty phi chi (1)
800
801
802
802
802
802
Nu khng k quyn chn(2)
799
800
801
802
803
804
Li (+), L (-) = (2) (1)
-1
-1
-1
0
+1
+2
BI 20
Gi s Cng ty A mua 1 hp ng quyn chn bn tr gi 50 000 USD, t gi thc hin l
16,020 VND/USD, chi ph mua quyn chn l 20 VND/USD, hy hon thnh bng phn tch
di y:
vt: triu VND
T gi
15980
16000
16020
16040
16060
16080
1
1
1
1
1
Ph mua quyn chn
1
802
803
804
i khon VND khi bn USD
801
801
801
Tng s tin ctyc nhn (1)
800
800
800
801
802
803
Nu khng k quyn chn(2)
799
800
801
802
803
804
Li (+), L (-) = (2) (1)
+1
0
-1
-1
-1
-1

Ghi ch:
- Lun lun khch hng phi tr cho ngn hng ph quyn chn
- Trng hp khch hng mua quyn chn mua:
o Nu t gi th trng nh hn gi thc thi quyn chn:
Chn mua theo gi th trng, t chi mua ngn hng.
o Nu t gi th trng ln hn hoc bng gi thc thi quyn
chn: Chn mua theo gi thc thi quyn chn (gi hp
ng)
o Tng s tin thc chi = Ph + i khon
o Li/ l = S VND phi chi nu khng k hp ng s tin
thc chi = (s USD * gi th trng) s tin thc chi
- Trng hp khch hng mua quyn chn bn:
o Nu t gi th trng nh hn gi thc thi quyn chn:
Chn bn cho ngn hng theo gi thc thi quyn chn
o Nu t gi th trng ln hn hoc bng gi thc thi quyn
chn: chn bn cho th trng theo gi th trng
o Tng s tin thc thu = i khon - Ph
Trang 13

Thanh toan quoc te

o Li / l = s VND thc thu (S USD * gi th trng)

Trang 14