{"id":30275,"date":"2023-12-07T09:07:21","date_gmt":"2023-12-07T09:07:21","guid":{"rendered":"https:\/\/masterskills.org\/blog\/hop-dong-hoan-doi-tich-luy-accrual-swap-la-gi-cac-loai-hop-dong-hoan-doi-tich-luy.html"},"modified":"2023-12-23T06:12:33","modified_gmt":"2023-12-22T23:12:33","slug":"hop-dong-hoan-doi-tich-luy-accrual-swap-la-gi-cac-loai-hop-dong-hoan-doi-tich-luy","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/hop-dong-hoan-doi-tich-luy-accrual-swap-la-gi-cac-loai-hop-dong-hoan-doi-tich-luy.html","title":{"rendered":"H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y (Accrual Swap) l\u00e0 g\u00ec? C\u00e1c lo\u1ea1i H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Usatoday.com<\/p>\n<\/figcaption><\/figure>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Accrual Swap.<\/b><\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y <\/b>l\u00e0 m\u1ed9t lo\u1ea1i\u00a0h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t, trong \u0111\u00f3 l\u00e3i su\u1ea5t \u1edf m\u1ed9t b\u00ean ch\u1ec9 \u0111\u01b0\u1ee3c c\u1ed9ng d\u1ed3n n\u1ebfu \u0111\u00e1p \u1ee9ng m\u1ed9t s\u1ed1 \u0111i\u1ec1u ki\u1ec7n nh\u1ea5t \u0111\u1ecbnh.\u00a0<\/p>\n

Thanh to\u00e1n ti\u1ec1n l\u00e3i trong h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y x\u1ea3y ra n\u1ebfu c\u00e1c t\u1ec9 l\u1ec7 tham chi\u1ebfu, v\u00ed d\u1ee5 nh\u01b0 l\u00e3i su\u1ea5t\u00a0<\/i>LIBOR\u00a0hay l\u00e3i su\u1ea5t EURIBOR, cao h\u01a1n ho\u1eb7c th\u1ea5p h\u01a1n m\u1ed9t m\u1ee9c nh\u1ea5t \u0111\u1ecbnh.\u00a0<\/i><\/p>\n

C\u00e1c kho\u1ea3n thanh to\u00e1n l\u00e3i cho b\u00ean c\u00f2n l\u1ea1i c\u1ee7a h\u1ee3p \u0111\u1ed3ng s\u1ebd ch\u1ec9 \u0111\u01b0\u1ee3c t\u00ednh trong nh\u1eefng ng\u00e0y t\u1ec9 l\u1ec7 tham chi\u1ebfu v\u1eabn n\u1eb1m trong m\u1ed9t ph\u1ea1m vi nh\u1ea5t \u0111\u1ecbnh. \u00a0<\/p>\n

H\u1ea7u h\u1ebft c\u00e1c giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y s\u1eed d\u1ee5ng l\u00e3i su\u1ea5t LIBOR 1 th\u00e1ng, 2 th\u00e1ng, 6 th\u00e1ng ho\u1eb7c 12 th\u00e1ng \u0111\u1ec3 l\u00e0m t\u1ec9 l\u1ec7 tham chi\u1ebfu.\u00a0<\/i><\/p>\n

Tuy nhi\u00ean, c\u00e1c giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i v\u1eabn \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n\u00a0l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu\u00a0ch\u00ednh ph\u1ee7 d\u00e0i h\u1ea1n, v\u00ed d\u1ee5 nh\u01b0 10 n\u0103m \u0111\u1ec3 tham chi\u1ebfu. L\u01b0u \u00fd ph\u1ea1m vi tham chi\u1ebfu ph\u1ea3i \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc v\u00e0 th\u01b0\u1eddng \u0111\u01b0\u1ee3c c\u1ed1 \u0111\u1ecbnh cho th\u1eddi h\u1ea1n h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i.\u00a0<\/p>\n

Tuy nhi\u00ean, t\u00f9y thu\u1ed9c v\u00e0o h\u00ecnh th\u1ee9c v\u00e0\u00a0\u0111i\u1ec1u kho\u1ea3n\u00a0c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y, ph\u1ea1m vi t\u1ec9 l\u1ec7 tham chi\u1ebfu c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp l\u1ea1i sau \u0111\u00f3, th\u01b0\u1eddng l\u00e0 v\u00e0o m\u1ed9t ng\u00e0y \u0111\u1ecbnh tr\u01b0\u1edbc.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y<\/font><\/h3>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y <\/b>\u0111\u01b0\u1ee3c xem l\u00e0 s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t v\u00e0 m\u1ed9t\u00a0c\u1eb7p quy\u1ec1n ch\u1ecdn nh\u1ecb ph\u00e2n\u00a0gi\u1edbi h\u1ea1n t\u1ec9 l\u1ec7\u00a0tr\u1ea7n\u00a0v\u00e0 t\u1ec9 l\u1ec7 s\u00e0n, v\u00ec s\u1ebd kh\u00f4ng c\u00f3 l\u00e3i t\u00edch l\u0169y n\u1ebfu t\u1ec9 l\u1ec7 tham chi\u1ebfu cao ho\u1eb7c th\u1ea5p h\u01a1n ph\u1ea1m vi gi\u1edbi h\u1ea1n.\u00a0<\/p>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 c\u00e1c c\u00f4ng ty tham gia v\u00e0o c\u00e1c giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y v\u1ec1 c\u01a1 b\u1ea3n \u0111ang \u0111\u1eb7t c\u01b0\u1ee3c r\u1eb1ng t\u1ec9 l\u1ec7 tham chi\u1ebfu s\u1ebd \u1edf trong m\u1ed9t ph\u1ea1m vi nh\u1ea5t \u0111\u1ecbnh trong t\u01b0\u01a1ng lai.\u00a0<\/i><\/p>\n

Kh\u00e1c bi\u1ec7t l\u1edbn nh\u1ea5t c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y l\u00e0 n\u1ebfu t\u1ec9 l\u1ec7 tham chi\u1ebfu v\u1eabn n\u1eb1m trong ph\u1ea1m vi \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc, ti\u1ec1n l\u00e3i s\u1ebd \u0111\u01b0\u1ee3c t\u00edch l\u0169y v\u00e0 ng\u01b0\u1ee3c l\u1ea1i.\u00a0<\/p>\n

Gi\u1edbi h\u1ea1n t\u1ec9 l\u1ec7 s\u00e0n c\u00e0ng th\u1ea5p v\u00e0 t\u1ec9 l\u1ec7 tr\u1ea7n c\u00e0ng r\u1ed9ng, c\u01a1 h\u1ed9i t\u1ec9 l\u1ec7 tham chi\u1ebfu s\u1ebd n\u1eb1m trong ph\u1ea1m vi n\u00e0y c\u00e0ng l\u1edbn. \u00a0\u00a0<\/p>\n

C\u00e1c lo\u1ea1i H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y\u00a0<\/font><\/h3>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y <\/b>c\u00f3 nhi\u1ec1u lo\u1ea1i kh\u00e1c nhau, \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf cho c\u00e1c m\u1ee9c \u0111\u1ed9 ph\u00f2ng ng\u1eeba v\u00e0\u00a0ch\u1ea5p nh\u1eadn r\u1ee7i ro\u00a0m\u00e0 hai b\u00ean h\u1ee3p \u0111\u1ed3ng c\u00f3.\u00a0 <\/p>\n

V\u00ed d\u1ee5, m\u1ed9t h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y ph\u1ea1m vi c\u00f3 th\u1ec3 thu h\u1ed3i\u00a0(callable range accrual swap) cho ph\u00e9p b\u00ean tr\u1ea3 gi\u00e1 c\u1ed1 \u0111\u1ecbnh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c h\u1ee7y b\u1ecf h\u1ee3p \u0111\u1ed3ng t\u1ea1i b\u1ea5t k\u00ec ng\u00e0y n\u00e0o sau th\u1eddi h\u1ea1n b\u1eaft bu\u1ed9c ban \u0111\u1ea7u.\u00a0<\/p>\n

Trong m\u1ed9t h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y l\u00e3i su\u1ea5t\u00a0th\u1ea3 n\u1ed5i, ph\u1ea1m vi t\u1ec9 l\u1ec7 tham chi\u1ebfu th\u1ea3 n\u1ed5i \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp l\u1ea1i \u1edf m\u1ed7i giai \u0111o\u1ea1n t\u00edch l\u0169y, t\u0103ng l\u00ean ho\u1eb7c gi\u1ea3m xu\u1ed1ng c\u00f9ng v\u1edbi ph\u1ea1m vi tham chi\u1ebfu.\u00a0<\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y nh\u1ecb ph\u00e2n hay m\u1ed9t ph\u00eda, trong \u0111\u00f3 b\u1ea5t k\u00ec chuy\u1ec3n \u0111\u1ed9ng c\u1ee7a t\u1ec9 l\u1ec7 tham chi\u1ebfu ra ngo\u00e0i ph\u1ea1m vi \u0111\u00e3 \u0111\u1eb7t ra, s\u1ebd h\u1ee7y b\u1ecf to\u00e0n b\u1ed9 ph\u1ea7n t\u00edch l\u0169y ti\u1ec1n l\u00e3i trong t\u01b0\u01a1ng lai. \u00a0\u00a0<\/p>\n

C\u00e1c h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y l\u00e3i su\u1ea5t, c\u00f2n c\u00f3 c\u00e1c\u00a0c\u00f4ng c\u1ee5 ph\u00e1i sinh\u00a0r\u00e0ng bu\u1ed9c v\u1edbi ph\u1ea1m vi kh\u00e1c s\u1eed d\u1ee5ng c\u00e1c ch\u1ec9 s\u1ed1\u00a0v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu, gi\u00e1 c\u1ea3 h\u00e0ng h\u00f3a v\u00e0 c\u00e1c t\u1ec9 l\u1ec7 tham chi\u1ebfu kh\u00e1c ngo\u00e0i l\u00e3i su\u1ea5t.\u00a0 \u00a0\u00a0<\/p>\n

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

\n H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00edch l\u0169y (ti\u1ebfng Anh: Accrual Swap) l\u00e0 m\u1ed9t lo\u1ea1i h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t, trong \u0111\u00f3 l\u00e3i su\u1ea5t \u1edf m\u1ed9t b\u00ean ch\u1ec9 \u0111\u01b0\u1ee3c c\u1ed9ng d\u1ed3n n\u1ebfu \u0111\u00e1p \u1ee9ng m\u1ed9t s\u1ed1 \u0111i\u1ec1u ki\u1ec7n nh\u1ea5t \u0111\u1ecbnh.\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\/30275"}],"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=30275"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30275\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}