{"id":30113,"date":"2023-12-07T08:58:04","date_gmt":"2023-12-07T08:58:04","guid":{"rendered":"https:\/\/masterskills.org\/blog\/su-mua-lai-redemption-trong-tai-chinh-la-gi.html"},"modified":"2023-12-23T06:11:57","modified_gmt":"2023-12-22T23:11:57","slug":"su-mua-lai-redemption-trong-tai-chinh-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/su-mua-lai-redemption-trong-tai-chinh-la-gi.html","title":{"rendered":"S\u1ef1 mua l\u1ea1i (Redemption) trong t\u00e0i ch\u00ednh l\u00e0 g\u00ec?"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<figure class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"\">H\u00ecnh minh h\u1ecda.<\/p>\n<\/figcaption><\/figure>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\"><span style=\"\">S\u1ef1\u00a0<\/span>mua l\u1ea1i<\/font><\/h2>\n<p><b>Kh\u00e1i ni\u1ec7m<\/b><\/p>\n<p><b>S\u1ef1\u00a0mua l\u1ea1i<\/b> trong ti\u1ebfng Anh l\u00e0 <b>Redemption<\/b>.<\/p>\n<p>Thu\u1eadt ng\u1eef s\u1ef1 mua l\u1ea1i c\u00f3 nhi\u1ec1u \u00fd ngh\u0129a kh\u00e1c nhau trong t\u00e0i ch\u00ednh v\u00e0 kinh doanh t\u00f9y v\u00e0o ng\u1eef c\u1ea3nh. Trong t\u00e0i ch\u00ednh, <b>s\u1ef1\u00a0mua l\u1ea1i<\/b> l\u00e0 thu\u1eadt ng\u1eef m\u00f4 t\u1ea3 vi\u1ec7c tr\u1ea3 ti\u1ec1n \u0111\u1ec3 l\u1ea5y ch\u1ee9ng kho\u00e1n c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00e1o h\u1ea1n ho\u1eb7c tr\u01b0\u1edbc khi \u0111\u00e1o h\u1ea1n.<\/p>\n<p>Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 y\u00eau c\u1ea7u t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh mua l\u1ea1i m\u1ed9t ph\u1ea7n ho\u1eb7c t\u1ea5t c\u1ea3 kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh nh\u01b0 c\u1ed5 ph\u1ea7n (th\u01b0\u1eddng l\u00e0\u00a0c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i), tr\u00e1i phi\u1ebfu, c\u1ed5 ph\u1ea7n t\u1ea1i qu\u0129 t\u01b0\u01a1ng h\u1ed7.<\/p>\n<h3><span style=\"\"><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">C\u00e1c tr\u01b0\u1eddng h\u1ee3p mua l\u1ea1i ph\u1ed5 bi\u1ebfn<\/font><\/span><\/h3>\n<p><b>Ch\u1ee9ng kho\u00e1n c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh<\/b><\/p>\n<p>Nh\u1eefng ng\u01b0\u1eddi \u0111\u1ea7u t\u01b0 v\u00e0o\u00a0ch\u1ee9ng kho\u00e1n c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh\u00a0nh\u1eadn \u0111\u01b0\u1ee3c c\u00e1c kho\u1ea3n l\u00e3i c\u1ed1 \u0111\u1ecbnh \u0111\u01b0\u1ee3c thanh to\u00e1n \u0111\u1ecbnh k\u00ec. Nh\u1eefng c\u00f4ng c\u1ee5 n\u00e0y c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c mua l\u1ea1i tr\u01b0\u1edbc ho\u1eb7c v\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n. N\u1ebfu \u0111\u01b0\u1ee3c thu h\u1ed3i t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00e1o h\u1ea1n, nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eadn \u0111\u01b0\u1ee3c s\u1ed1 ti\u1ec1n b\u1eb1ng m\u1edbi m\u1ec7nh gi\u00e1 c\u1ee7a ch\u1ee9ng kho\u00e1n.<\/p>\n<p>C\u00e1c c\u00f4ng ty ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ho\u1eb7c ch\u1ee9ng kho\u00e1n kh\u00e1c c\u00f3 th\u1ec3 tr\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1ed9t kho\u1ea3n gi\u00e1 tr\u1ecb thu h\u1ed3i (redemption value) khi h\u1ecd mua l\u1ea1i ch\u1ee9ng kho\u00e1n tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n. Vi\u1ec7c thanh to\u00e1n l\u00e3i th\u01b0\u1eddng d\u1eebng l\u1ea1i tr\u01b0\u1edbc khi h\u1ecd th\u1ef1c hi\u1ec7n vi\u1ec7c n\u00e0y. Gi\u00e1 tr\u1ecb thu h\u1ed3i th\u01b0\u1eddng cao h\u01a1n m\u1ec7nh gi\u00e1 c\u1ee7a tr\u00e1i phi\u1ebfu.<\/p>\n<p><b>Qu\u0129 t\u01b0\u01a1ng h\u1ed7<\/b><\/p>\n<p>M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea7u t\u01b0 v\u00e0o\u00a0qu\u0129 t\u01b0\u01a1ng h\u1ed7\u00a0mu\u1ed1n y\u00eau c\u1ea7u qu\u0129 mua l\u1ea1i c\u1ed5 ph\u1ea7n th\u00ec ph\u1ea3i th\u00f4ng b\u00e1o cho ng\u01b0\u1eddi qu\u1ea3n l\u00ed qu\u0129. Ng\u01b0\u1eddi qu\u1ea3n l\u00ed qu\u0129 ph\u1ea3i x\u1eed l\u00ed y\u00eau c\u1ea7u trong m\u1ed9t kho\u1ea3ng th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh theo qui \u0111\u1ecbnh. S\u1ed1 ti\u1ec1n ph\u1ea3i tr\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng l\u00e0 gi\u00e1 tr\u1ecb th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i c\u1ee7a c\u1ed5 phi\u1ebfu c\u1ee7a h\u1ecd tr\u1eeb \u0111i m\u1ecdi kho\u1ea3n ph\u00ed v\u00e0 ph\u00ed kh\u00e1c.<\/p>\n<p><b>S\u1ef1\u00a0mua l\u1ea1i\u00a0b\u1eb1ng hi\u1ec7n v\u1eadt (In-kind Redemption)<\/b><\/p>\n<p>H\u1ea7u h\u1ebft c\u00e1c kho\u1ea3n mua l\u1ea1i \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n cho ti\u1ec1n m\u1eb7t nh\u01b0ng c\u00f3 nh\u1eefng tr\u01b0\u1eddng h\u1ee3p c\u00e1c kho\u1ea3n ho\u00e0n tr\u1ea3 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1eb1ng hi\u1ec7n v\u1eadt.<\/p>\n<p>S\u1ef1 mua l\u1ea1i b\u1eb1ng hi\u1ec7n v\u1eadt l\u00e0 c\u00e1c kho\u1ea3n thanh to\u00e1n b\u1eb1ng ch\u1ee9ng kho\u00e1n ho\u1eb7c c\u00e1c c\u00f4ng c\u1ee5 kh\u00e1c ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 ti\u1ec1n &#8211; nh\u01b0 m\u1ed9t giao d\u1ecbch ho\u00e1n \u0111\u1ed5i. C\u00e1c kho\u1ea3n qui \u0111\u1ed5i b\u1eb1ng hi\u1ec7n v\u1eadt ph\u1ed5 bi\u1ebfn v\u1edbi c\u00e1c\u00a0qu\u0129 ETF.<\/p>\n<p>C\u00e1c nh\u00e0 qu\u1ea3n l\u00ed qu\u0129 th\u1ea5y c\u00e1c kho\u1ea3n mua l\u1ea1i s\u1ebd g\u00e2y thi\u1ec7t h\u1ea1i cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n. Do \u0111\u00f3, thay v\u00ec tr\u1ea3 ti\u1ec1n m\u1eb7t cho nh\u1eefng ng\u01b0\u1eddi mu\u1ed1n r\u00fat ti\u1ec1n, h\u1ecd cung c\u1ea5p cho nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ecb th\u1ebf s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu theo t\u1ec9 l\u1ec7 (pro-rata).<\/p>\n<p>C\u00e1c qu\u0129 ETF c\u00f3 l\u1ee3i v\u1ec1 thu\u1ebf h\u01a1n so v\u1edbi c\u00e1c qu\u0129 t\u01b0\u01a1ng h\u1ed7. B\u1eb1ng c\u00e1ch ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu b\u1eb1ng hi\u1ec7n v\u1eadt, ETF kh\u00f4ng ph\u1ea3i b\u00e1n ch\u1ee9ng kho\u00e1n \u0111\u1ec3 huy \u0111\u1ed9ng ti\u1ec1n m\u1eb7t \u0111\u1ec3 thanh to\u00e1n. \u0110i\u1ec1u n\u00e0y c\u0169ng c\u1eaft gi\u1ea3m ngh\u0129a v\u1ee5 thu\u1ebf c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<p>(Ngu\u1ed3n tham kh\u1ea3o: <i>Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            S\u1ef1 mua l\u1ea1i (ti\u1ebfng Anh: Redemption) l\u00e0 thu\u1eadt ng\u1eef m\u00f4 t\u1ea3 vi\u1ec7c tr\u1ea3 ti\u1ec1n \u0111\u1ec3 l\u1ea5y ch\u1ee9ng kho\u00e1n c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00e1o h\u1ea1n ho\u1eb7c tr\u01b0\u1edbc khi \u0111\u00e1o h\u1ea1n.\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\/30113"}],"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=30113"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30113\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}