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Kt cu chng
I. Tng quan v th trng ti chnh II. Phn loi th trng ti chnh III. Tng quan v th trng tin t IV. Tng quan v th trng vn
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Markets
Surplus
Deficit
Intermediaries
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a. To nn knh dn vn c hiu qu
Knh gin tip
Vn
Vn
Vn
Vn
Th trng ti chnh
Vn
Ngi i vay
b. To mi trng sinh li
- Tnh lng - m bo vic mua v bn cc cng c ti chnh c thc hin mt cch nhanh chng, hiu qu vi chi ph giao dch thp -Phn b hiu qu cc ngun vn -> tng nng sut v hiu qu cho nn kinh t
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d. To c ch qun l ri ro
-Gip nh u t phn tn ri ro thng qua vic u t trn th trng ti chnh (portfolio diversification) - To tnh minh bch cho th trng -> gim thiu ri ro
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a. Th trng tin t
- L th trng pht hnh v giao dch nhng chng khon n ngn hn (cng c n ngn hn) c thi hn thanh ton di mt nm - C hai loi th trng tin t ch yu: Th trng tin t m v th trng lin ngn hng Th trng tin t c tnh lng cao
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b. Th trng vn
L th trng mua bn cc chng khon di hn, c th l nhng chng khon c thi hn thanh ton trn mt nm. Trn th trng vn cng c ch yu l cc chng khon Th trng vn c th phn loi theo nhiu cch thc
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a. Th trng n
- L th trng mua bn cc cng c vay n (debt instruments) hay cc chng khon n (debt securities) - Chng khon n l loi cng c ti chnh m theo ngi
pht hnh (ngi i vay) phi tr cho ngi gi cng c (ngi i vay) mt khon tin nht nh vo nhng khon thi gian u n cho n mt thi im nht nh (ngy o hn)
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b. Th trng vn c phn
- L th trng giao dch cc chng khon vn (equities)
- Chng khon vn l loi cng c ti chnh cho php ngi nm gi n c quyn s hu mt phn ti sn v quyn hng thu nhp rng ca ngi pht hnh
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a. Tn phiu Kho bc
Tn phiu kho bc l cng c vay n ngn hn ca Chnh ph do Kho bc pht hnh -Ch th v mc ch pht hnh -K hn thanh ton -Phng thc pht hnh -c im li sut
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c. Thng phiu
L nhng giy nhn n ngn hn do cc cng ty ln pht hnh vay vn ngn hn phc v cho hot ng sn xut kinh doanh. -Thi hn thanh ton -c im li sut -Phng thc pht hnh: + Hi phiu: l mt giy i n + K phiu: l mt giy cam kt tr n
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Importer
5
Exporter
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e. Hp ng mua li
Hp ng mua li l mt hp ng trong ngi i vay ng bn mt s chng khon chnh ph (thng l tn phiu kho bc) m ngi ny nm gi cho ngi cho vay v cam kt s mua li s chng khon vo mt thi im trong tng lai vi mt mc gi nht nh -Mc ch pht hnh -Thi hn thanh ton -c im li sut
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1. Cc ch th trn th trng vn
-Ngi pht hnh -Ngi u t -Ngi mi gii -Ngi to lp v iu tit th trng
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C phiu thng
C phiu u i C nh
C tc
Quyn tham gia qun l Th t chia li
Do HQT quyt nh C
Sau cng
b. Tri phiu
-Tri phiu l mt chng th xc nhn mt khon n ca ngi pht hnh i vi ngi nm gi tri phiu, trong cam kt s hon tr khon n km vi tin li trong mt thi hn nht nh
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b. Mt s vn cn ch vi tri phiu
-Nguyn tc nh gi -Li sut th trng v Li sut coupon -Mnh gi v Th gi -T sut li tc thi k nm gi (holding period return) -Li sut o hn (yield to maturity YTM)
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Cu hi 1
Ti sn ti chnh c th l : a. Tri phiu b. Nguyn vt liu c. C phiu d. p n a v c e. p n a, b v c
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Cu hi 2:
Trn th trng tin t, ngi ta mua bn: a. Cc loi c phiu b. Tri phiu kho bc c. Tn phiu kho bc d. C a, b v c
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Cu hi 3
Th trng tin t: a. L th trng ti tr cho nhng thiu ht v phng tin thanh ton ca cc ch th kinh t b. L ni din ra cc giao dch v vn c thi hn t hai nm tr xung. c. C a v b
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Cu hi 4
Th trng vn: a. L th trng cung ng vn u t cho nn kinh t b. Lu chuyn cc khon vn c k hn s dng trn 1 nm c. C a v b
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Cu hi 5
Trn th trng vn, ngi ta mua bn: a. Tri phiu doanh nghip b. Chng ch tin gi c. Thng phiu d. C a, b v c
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Cu hi 6
Nhng c im no thuc v th trng s cp: a. L th trng mua bn ln u tin cc chng khon va mi pht hnh b. c t chc hot ng di hnh thc cc S giao dch c. C a v b
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Cu hi 7
Cng c no sau y c tnh lng v an ton cao nht: a. Chng ch tin gi b. Tn phiu kho bc c. Thng phiu d. Hp ng mua li
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Cu hi 8
c im no ng vi tri phiu: a. Li tri phiu ph thuc vo kt qu hot ng kinh doanh ca doanh nghip b. c hon tr vn gc khi o hn c. Thi hn hon tr vn thng t 5 nm tr ln d. p n b v c e. C a, b v c
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Cu hi 9
c im no sau y ng vi c phiu u i: a.C tc c thanh ton trc c phiu thng b.C thi hn hon tr tin gc c.C tc ph thuc vo kt qu kinh doanh d.p n a v c
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Cu hi 10
Khi c ng ca cng ty A bn c phiu ca cng ty trn th trng th cp th s tin cng ty A nhn c l: a.Hu ht s tin bn tr tin hoa hng b.Khng g c c.Tin hoa hng d.Mt t l tin nht nh i vi mi c phiu c giao dch trn th trng th cp
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