{"id":30320,"date":"2023-12-07T09:10:05","date_gmt":"2023-12-07T09:10:05","guid":{"rendered":"https:\/\/masterskills.org\/blog\/rui-ro-co-so-basis-risk-la-gi-cac-dang-rui-ro-co-so.html"},"modified":"2023-12-07T09:10:05","modified_gmt":"2023-12-07T09:10:05","slug":"rui-ro-co-so-basis-risk-la-gi-cac-dang-rui-ro-co-so","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/rui-ro-co-so-basis-risk-la-gi-cac-dang-rui-ro-co-so.html","title":{"rendered":"R\u1ee7i ro c\u01a1 s\u1edf (Basis Risk) l\u00e0 g\u00ec? C\u00e1c d\u1ea1ng R\u1ee7i ro c\u01a1 s\u1edf"},"content":{"rendered":"
\n
\n
\"R\u1ee7i<\/div>
\n

Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Lucidchart.com<\/p>\n<\/figcaption><\/figure>\n

R\u1ee7i ro c\u01a1\u00a0<\/font>s\u1edf<\/font><\/h2>\n

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

R\u1ee7i ro c\u01a1\u00a0s\u1edf <\/b>trong ti\u00ea\u0301ng Anh la\u0300 Basis Risk.<\/b><\/p>\n

R\u1ee7i ro c\u01a1\u00a0s\u1edf <\/b>l\u00e0 m\u1ed9t lo\u1ea1i\u00a0r\u1ee7i ro t\u00e0i ch\u00ednh\u00a0khi gi\u00e1 kh\u00f4ng thay \u0111\u1ed5i theo h\u01b0\u1edbng ng\u01b0\u1ee3c v\u1edbi xu h\u01b0\u1edbng c\u0169 khi c\u00e1c nh\u00e0 giao d\u1ecbch \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 b\u1ed3i ho\u00e0n \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro.\u00a0<\/p>\n

M\u1ed1i t\u01b0\u01a1ng quan kh\u00f4ng ho\u00e0n to\u00e0n gi\u1eefa hai kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho c\u00e1c kho\u1ea3n l\u1ee3i nhu\u1eadn ho\u1eb7c t\u1ed5n th\u1ea5t v\u01b0\u1ee3t qu\u00e1 trong chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba r\u1ee7i ro, do \u0111\u00f3 t\u0103ng th\u00eam r\u1ee7i ro cho v\u1ecb th\u1ebf c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. \u00a0\u00a0<\/i><\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m R\u1ee7i ro c\u01a1\u00a0<\/font>s\u1edf<\/font><\/h3>\n

C\u00e1c ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 b\u1ed3i ho\u00e0n th\u01b0\u1eddng c\u00f3 c\u1ea5u tr\u00fac t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c b\u1ea3o \u0111\u1ea3m nh\u01b0ng ch\u00fang v\u1eabn c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ea7n l\u01b0u \u00fd.\u00a0<\/p>\n

V\u00ed d\u1ee5 khi m\u1ed9t nh\u00e0 giao d\u1ecbch mua m\u1ed9t\u00a0h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai\u00a0t\u00edn phi\u1ebfu kho b\u1ea1c\u00a0\u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro cho tr\u00e1i phi\u1ebfu hai n\u0103m c\u1ee7a m\u00ecnh, r\u1ee7i ro c\u01a1\u00a0s\u1edf<\/b> s\u1ebd l\u00e0 kh\u1ea3 n\u0103ng t\u00edn phi\u1ebfu kho b\u1ea1c v\u00e0 tr\u00e1i phi\u1ebfu s\u1ebd bi\u1ebfn \u0111\u1ed9ng kh\u00f4ng c\u00f9ng h\u01b0\u1edbng.\u00a0 \u00a0 \u00a0\u00a0<\/p>\n

\u0110\u1ec3 \u0111\u1ecbnh l\u01b0\u1ee3ng m\u1ee9c \u0111\u1ed9 r\u1ee7i ro c\u01a1 s\u1edf, nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 c\u1ea7n l\u1ea5y\u00a0gi\u00e1 th\u1ecb tr\u01b0\u1eddng\u00a0hi\u1ec7n t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c ph\u00f2ng ng\u1eeba r\u1ee7i ro v\u00e0 tr\u1eeb \u0111i gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro.\u00a0<\/p>\n

V\u00ed d\u1ee5 n\u1ebfu gi\u00e1 d\u1ea7u l\u00e0 55$\/th\u00f9ng v\u00e0 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 ph\u00f2ng ng\u1eeba v\u1ecb th\u1ebf n\u00e0y c\u00f3 gi\u00e1 l\u00e0 54,98$ th\u00ec r\u1ee7i ro c\u01a1 s\u1edf l\u00e0 0,02$. N\u1ebfu giao d\u1ecbch bao g\u1ed3m m\u1ed9t l\u01b0\u1ee3ng l\u1edbn c\u1ed5 phi\u1ebfu ho\u1eb7c h\u1ee3p \u0111\u1ed3ng, t\u1ed5ng s\u1ed1 ti\u1ec1n l\u00e3i ho\u1eb7c l\u1ed7 t\u1eeb r\u1ee7i ro c\u01a1 s\u1edf c\u00f3 th\u1ec3 c\u00f3 t\u00e1c \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0.\u00a0 \u00a0\u00a0<\/p>\n

C\u00e1c d\u1ea1ng R\u1ee7i ro c\u01a1\u00a0<\/font>s\u1edf\u00a0<\/font><\/h3>\n

\u00a0Ngo\u00e0i\u00a0<\/b>r\u1ee7i ro c\u01a1 s\u1edf c\u1ee7a\u00a0th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, c\u00f2n c\u00f3 c\u00e1c lo\u1ea1i r\u1ee7i ro c\u01a1 s\u1edf kh\u00e1c.\u00a0<\/p>\n

– R\u1ee7i ro c\u01a1\u00a0s\u1edf\u00a0v\u1ec1 v\u1ecb tr\u00ed<\/b> (locational basis risk) th\u01b0\u1eddng quan s\u00e1t \u0111\u01b0\u1ee3c trong c\u00e1c\u00a0th\u1ecb tr\u01b0\u1eddng giao d\u1ecbch h\u00e0ng h\u00f3a\u00a0khi \u0111\u1ecba \u0111i\u1ec3m chuy\u1ec3n giao h\u00e0ng h\u00f3a tr\u00ean h\u1ee3p \u0111\u1ed3ng kh\u00f4ng ph\u00f9 h\u1ee3p v\u1edbi ng\u01b0\u1eddi b\u00e1n.\u00a0<\/p>\n

V\u00ed d\u1ee5 m\u1ed9t nh\u00e0 s\u1ea3n xu\u1ea5t kh\u00ed \u0111\u1ed1t t\u1ef1 nhi\u00ean \u1edf t\u1ec9nh A s\u1ebd c\u00f3 r\u1ee7i ro c\u01a1\u00a0<\/i>s\u1edf\u00a0v\u1ec1 v\u1ecb tr\u00ed n\u1ebfu h\u1ecd quy\u1ebft \u0111\u1ecbnh ph\u00f2ng ng\u1eeba r\u1ee7i ro v\u1ec1 gi\u00e1 c\u1ea3 v\u1edbi h\u1ee3p \u0111\u1ed3ng \u0111\u01b0\u1ee3c giao \u1edf t\u1ec9nh B.\u00a0<\/i><\/p>\n

N\u1ebfu h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u1edf t\u1ec9nh A \u0111ang giao d\u1ecbch \u1edf m\u1ee9c 3,50$ v\u00e0 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u1edf t\u1ec9nh B \u0111ang giao d\u1ecbch \u1edf m\u1ee9c 3,65$, r\u1ee7i ro c\u01a1 s\u1edf v\u1ec1 v\u1ecb tr\u00ed l\u00e0 s\u1ebd 0,15$.\u00a0 \u00a0\u00a0<\/p>\n

\u00a0– R\u1ee7i ro c\u01a1\u00a0<\/b>s\u1edf\u00a0v\u1ec1 s\u1ea3n ph\u1ea9m<\/b> hay r\u1ee7i ro c\u01a1\u00a0s\u1edf\u00a0v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng<\/b> <\/i>(product\/ quality basis risk) ph\u00e1t sinh khi m\u1ed9t h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u1ee7a m\u1ed9t s\u1ea3n ph\u1ea9m ho\u1eb7c ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro cho m\u1ed9t s\u1ea3n ph\u1ea9m kh\u00e1c ho\u1eb7c m\u1ee9c ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m kh\u00e1c.<\/p>\n

V\u00ed d\u1ee5 nhi\u00ean li\u1ec7u m\u00e1y bay th\u01b0\u1eddng \u0111\u01b0\u1ee3c b\u1ea3o hi\u1ec3m b\u1eb1ng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai d\u1ea7u th\u00f4 hay d\u1ea7u diesel do c\u00e1c s\u1ea3n ph\u1ea9m ph\u00f2ng ng\u1eeba r\u1ee7i ro n\u00e0y c\u00f3 thanh kho\u1ea3n cao h\u01a1n nhi\u1ec1u so v\u1edbi c\u00e1c h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh nhi\u00ean li\u1ec7u m\u00e1y bay. \u00a0\u00a0<\/i><\/p>\n

C\u00e1c c\u00f4ng ty th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch n\u00e0y th\u01b0\u1eddng nh\u1eadn th\u1ee9c r\u00f5 v\u1ec1 r\u1ee7i ro c\u01a1 s\u1edf v\u1ec1 s\u1ea3n ph\u1ea9m nh\u01b0ng s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn r\u1ee7i ro thay v\u00ec kh\u00f4ng ph\u00f2ng ng\u1eeba r\u1ee7i ro.\u00a0 \u00a0\u00a0<\/p>\n

\u00a0– R\u1ee7i ro c\u01a1\u00a0<\/b>s\u1edf\u00a0theo l\u1ecbch<\/b> (calendar basis risk) ph\u00e1t sinh khi m\u1ed9t c\u00f4ng ty ho\u1eb7c m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u00f2ng ng\u1eeba m\u1ed9t v\u1ecb th\u1ebf b\u1eb1ng m\u1ed9t h\u1ee3p \u0111\u1ed3ng kh\u00f4ng \u0111\u00e1o h\u1ea1n v\u00e0o c\u00f9ng ng\u00e0y v\u1edbi v\u1ecb th\u1ebf \u0111\u01b0\u1ee3c ph\u00f2ng ng\u1eeba.\u00a0<\/p>\n

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

\n R\u1ee7i ro c\u01a1 s\u1edf(ti\u1ebfng Anh: Basis Risk) l\u00e0 m\u1ed9t lo\u1ea1i r\u1ee7i ro t\u00e0i ch\u00ednh khi gi\u00e1 kh\u00f4ng thay \u0111\u1ed5i theo h\u01b0\u1edbng ng\u01b0\u1ee3c v\u1edbi xu h\u01b0\u1edbng c\u0169 khi c\u00e1c nh\u00e0 giao d\u1ecbch \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 b\u1ed3i \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro.\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\/30320"}],"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=30320"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30320\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}