{"id":29942,"date":"2023-12-07T08:48:55","date_gmt":"2023-12-07T08:48:55","guid":{"rendered":"https:\/\/masterskills.org\/blog\/mark-down-trong-chung-khoan-la-gi-nhung-dieu-can-biet-ve-mark-down.html"},"modified":"2023-12-23T06:11:02","modified_gmt":"2023-12-22T23:11:02","slug":"mark-down-trong-chung-khoan-la-gi-nhung-dieu-can-biet-ve-mark-down","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/mark-down-trong-chung-khoan-la-gi-nhung-dieu-can-biet-ve-mark-down.html","title":{"rendered":"Mark-down trong ch\u1ee9ng kho\u00e1n l\u00e0 g\u00ec? Nh\u1eefng \u0111i\u1ec1u c\u1ea7n bi\u1ebft v\u1ec1 mark-down"},"content":{"rendered":"
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(H\u00ecnh minh h\u1ecda: Yahoo Finance)<\/p>\n<\/figcaption><\/figure>\n

Mark-down<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Mark-down<\/b> trong t\u00e0i ch\u00ednh l\u00e0 s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 h\u1ecfi mua cao nh\u1ea5t hi\u1ec7n t\u1ea1i trong c\u00e1c dealer tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, v\u00e0 gi\u00e1 th\u1ea5p h\u01a1n m\u00e0 m\u1ed9t dealer t\u00ednh cho kh\u00e1ch h\u00e0ng. C\u00e1c\u00a0dealer\u00a0\u0111\u00f4i khi s\u1ebd cung c\u1ea5p gi\u00e1 th\u1ea5p h\u01a1n \u0111\u1ec3 k\u00edch th\u00edch giao d\u1ecbch; v\u1edbi suy ngh\u0129 \u0111\u1ec3 b\u00f9 \u0111\u1eafp cho nh\u1eefng t\u1ed5n th\u1ea5t b\u1eb1ng kho\u1ea3n hoa h\u1ed3ng ki\u1ebfm th\u00eam.\u00a0<\/p>\n

Ch\u00eanh l\u1ec7ch gi\u00e1 mua – gi\u00e1 b\u00e1n<\/font><\/h3>\n

Trong t\u00e0i ch\u00ednh, gi\u00e1 h\u1ecfi mua l\u00e0 l\u01b0\u1ee3ng m\u00e0 ng\u01b0\u1eddi mua \u0111ang tr\u1ea3 gi\u00e1. Gi\u00e1 ch\u00e0o b\u00e1n l\u00e0 s\u1ed1 ti\u1ec1n m\u00e0 ng\u01b0\u1eddi b\u00e1n s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn. Ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 h\u1ecfi mua cao nh\u1ea5t v\u00e0 gi\u00e1 ch\u00e0o b\u00e1n th\u1ea5p nh\u1ea5t \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0\u00a0ch\u00eanh l\u1ec7ch gi\u00e1 mua – gi\u00e1 b\u00e1n.\u00a0<\/p>\n

Th\u1ecb tr\u01b0\u1eddng n\u1ed9i b\u1ed9 l\u00e0 n\u01a1i c\u00e1c giao d\u1ecbch ch\u1ee9ng kho\u00e1n c\u1ee5 th\u1ec3 x\u1ea3y ra gi\u1eefa c\u00e1c\u00a0nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng\u00a0(l\u00e0 c\u00e1c dealer \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau ch\u00ed c\u1ee5 th\u1ec3). Th\u1ecb tr\u01b0\u1eddng n\u1ed9i b\u1ed9 th\u01b0\u1eddng c\u00f3 gi\u00e1 th\u1ea5p h\u01a1n v\u00e0 ch\u00eanh l\u1ec7ch nh\u1ecf h\u01a1n so v\u1edbi th\u1ecb tr\u01b0\u1eddng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb.\u00a0<\/p>\n

Mark-down v\u00e0 Mark-up trong t\u00e0i ch\u00ednh<\/b><\/p>\n

L\u1ea5y gi\u00e1 c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u1ed9i b\u1ed9 tr\u1eeb \u0111i gi\u00e1 m\u00e0 dealer t\u00ednh ph\u00ed cho kh\u00e1ch h\u00e0ng b\u00e1n l\u1ebb s\u1ebd \u0111\u01b0\u1ee3c m\u1ed9t kho\u1ea3n ch\u00eanh l\u1ec7ch. Kho\u1ea3n ch\u00eanh l\u1ec7ch n\u00e0y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 mark-down n\u1ebfu m\u1ee9c ch\u00eanh l\u1ec7ch \u00e2m. N\u1ebfu m\u1ee9c ch\u00eanh l\u1ec7ch d\u01b0\u01a1ng th\u00ec \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 mark-up.\u00a0<\/p>\n

Mark-up th\u01b0\u1eddng ph\u1ed5 bi\u1ebfn h\u01a1n v\u00ec c\u00e1c nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng c\u00f3 th\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c gi\u00e1 c\u1ea3 thu\u1eadn l\u1ee3i h\u01a1n so v\u1edbi c\u00e1c kh\u00e1ch h\u00e0ng b\u00e1n l\u1ebb. C\u00e1c nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 mua ch\u1ee9ng kho\u00e1n v\u1edbi s\u1ed1 l\u01b0\u1ee3ng l\u1edbn, v\u00e0 th\u1ecb tr\u01b0\u1eddng n\u1ed9i b\u1ed9 c\u00f3 t\u00ednh thanh kho\u1ea3n cao h\u01a1n.\u00a0<\/p>\n

Tuy nhi\u00ean, c\u00f3 nh\u1eefng t\u00ecnh hu\u1ed1ng m\u00e0 trong \u0111\u00f3 x\u1ea3y ra mark-down. V\u00ed d\u1ee5, m\u1ed9t \u0111\u1ee3t ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu \u0111\u00f4 th\u1ecb c\u00f3 th\u1ec3 kh\u00f4ng c\u00f3 nhi\u1ec1u nhu c\u1ea7u mua nh\u01b0 m\u1ed9t dealer t\u01b0\u1edfng. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, h\u1ecd c\u00f3 th\u1ec3 b\u1ecb bu\u1ed9c ph\u1ea3i gi\u1ea3m gi\u00e1 \u0111\u1ec3 gi\u1ea3i quy\u1ebft h\u1ebft s\u1ed1 h\u00e0ng t\u1ed3n c\u1ee7a h\u1ecd. C\u00e1c dealer c\u00f3 th\u1ec3 tin r\u1eb1ng b\u1eb1ng vi\u1ec7c mark-down gi\u00e1, h\u1ecd c\u00f3 th\u1ec3 t\u1ea1o ra \u0111\u1ee7 c\u00e1c giao d\u1ecbch \u0111\u1ec3 b\u00f9 l\u1ed7 th\u00f4ng qua hoa h\u1ed3ng.\u00a0<\/p>\n

C\u00f3 ph\u1ea3i ti\u1ebft l\u1ed9 gi\u00e1 mark-down kh\u00f4ng?<\/b><\/p>\n

\u0110i\u1ec1u quan tr\u1ecdng c\u1ea7n l\u01b0u \u00fd l\u00e0 c\u00e1c c\u00f4ng ty t\u00e0i ch\u00ednh kh\u00f4ng ph\u1ea3i ti\u1ebft l\u1ed9 gi\u00e1 mark-up v\u00e0 mark-down trong c\u00e1c giao d\u1ecbch \u1ee7y nhi\u1ec7m. V\u00ec v\u1eady, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f3 c\u00f3 th\u1ec3 nh\u1eadn th\u1ee9c \u0111\u01b0\u1ee3c m\u1ee9c ch\u00eanh l\u1ec7nh v\u1ec1 gi\u00e1. M\u1ed9t giao d\u1ecbch \u1ee7y nhi\u1ec7m x\u1ea3y ra khi m\u1ed9t dealer b\u00e1n ch\u1ee9ng kho\u00e1n t\u1eeb t\u00e0i kho\u1ea3n c\u1ee7a ch\u00ednh h\u1ecd v\u00e0 t\u1ef1 ch\u1ecbu r\u1ee7i ro. M\u1ed9t giao d\u1ecbch \u0111\u1ea1i l\u00ed x\u1ea3y ra khi m\u1ed9t broker t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho m\u1ed9t giao d\u1ecbch gi\u1eefa kh\u00e1c h\u00e0ng v\u00e0 m\u1ed9t th\u1ef1c th\u1ec3 kh\u00e1c.\u00a0<\/p>\n

C\u00e1c broker-dealer \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u ti\u1ebft l\u1ed9 c\u00e1ch th\u1ee9c giao d\u1ecbch \u0111\u01b0\u1ee3c ho\u00e0n th\u00e0nh \u1edf trong x\u00e1c nh\u1eadn giao d\u1ecbch, c\u00f9ng v\u1edbi b\u1ea5t k\u00ec kho\u1ea3n hoa h\u1ed3ng n\u00e0o. Tuy nhi\u00ean, h\u1ecd kh\u00f4ng b\u1ecb y\u00eau c\u1ea7u ti\u1ebft l\u1ed9 gi\u00e1 mark-up v\u00e0 mark-down, ngo\u1ea1i tr\u1eeb m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p nh\u1ea5t \u0111\u1ecbnh.\u00a0<\/p>\n

L\u01b0u \u00fd \u0111\u1eb7c bi\u1ec7t: s\u1ef1 ch\u00eanh l\u1ec7ch qu\u00e1 m\u1ee9c<\/font><\/h3>\n

C\u00e1c c\u01a1 quan qu\u1ea3n l\u00ed th\u01b0\u1eddng coi vi\u1ec7c mark-up v\u00e0 mark-down h\u01a1n 5% l\u00e0 kh\u00f4ng h\u1ee3p l\u00ed, nh\u01b0ng \u0111\u00e2y c\u0169ng ch\u1ec9 l\u00e0 m\u1ed9t nguy\u00ean t\u1eafc ch\u1ec9 \u0111\u1ea1o. Mark-down t\u1eeb 5% \u0111\u1ebfn 10% c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c bi\u1ec7n b\u1ea1ch d\u1ef1a tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng hi\u1ec7n h\u00e0nh.\u00a0<\/p>\n

C\u00e1c \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng li\u00ean quan bao g\u1ed3m: lo\u1ea1i ch\u1ee9ng kho\u00e1n, m\u00f4 h\u00ecnh mark-up v\u00e0 mark-down r\u1ed9ng h\u01a1n c\u1ee7a dealer, v\u00e0 gi\u00e1 c\u1ee7a ch\u1ee9ng kho\u00e1n. M\u1ee9c ch\u00eanh l\u1ec7ch kh\u00f4ng ti\u1ebft l\u1ed9 tr\u00ean 10% \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c giao d\u1ecbch th\u00ec b\u1ecb coi l\u00e0 gian l\u1eadn.\u00a0<\/p>\n

Theo nguy\u00ean t\u1eafc chung, c\u00e1c broker t\u1ed1t nh\u1ea5t th\u01b0\u1eddng gi\u1eef m\u1ee9c ch\u00eanh l\u1ec7ch th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c \u0111\u1ed9 qu\u00e1 cao tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u0111ang c\u1ea1nh tranh gay g\u1eaft. M\u1ee9c ch\u00eanh l\u1ec7ch cao c\u0169ng c\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c giao d\u1ecbch th\u01b0a th\u1edbt.\u00a0<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Mark-down trong t\u00e0i ch\u00ednh l\u00e0 s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 h\u1ecfi mua cao nh\u1ea5t hi\u1ec7n t\u1ea1i trong c\u00e1c dealer tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, v\u00e0 gi\u00e1 th\u1ea5p h\u01a1n m\u00e0 m\u1ed9t dealer t\u00ednh cho kh\u00e1ch h\u00e0ng.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29942"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29942"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29942\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}