{"id":30548,"date":"2023-12-07T09:32:28","date_gmt":"2023-12-07T09:32:28","guid":{"rendered":"https:\/\/masterskills.org\/blog\/ghi-chu-b-b-note-la-gi-cach-thuc-hoat-dong-cua-ghi-chu-b.html"},"modified":"2023-12-23T06:13:31","modified_gmt":"2023-12-22T23:13:31","slug":"ghi-chu-b-b-note-la-gi-cach-thuc-hoat-dong-cua-ghi-chu-b","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/ghi-chu-b-b-note-la-gi-cach-thuc-hoat-dong-cua-ghi-chu-b.html","title":{"rendered":"Ghi ch\u00fa B (B-Note) l\u00e0 g\u00ec? C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a ghi ch\u00fa B"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda<\/p>\n<\/figcaption><\/figure>\n

Ghi ch\u00fa B (B-Note)<\/font><\/h2>\n

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

Ghi ch\u00fa B <\/b>trong ti\u1ebfng Anh l\u00e0 B-Note.<\/b><\/p>\n

Ch\u1ee9ng kho\u00e1n \u0111\u1ea3m b\u1ea3o b\u1eb1ng t\u00e0i s\u1ea3n\u00a0\u0111\u01b0\u1ee3c chia th\u00e0nh c\u00e1c m\u1ee9c kh\u00e1c nhau, m\u1ed7i lo\u1ea1i cung c\u1ea5p \u0111\u1ed9 r\u1ee7i ro v\u00e0 t\u1ec9 l\u1ec7 ho\u00e0n v\u1ed1n kh\u00e1c nhau. C\u00e1c m\u1ee9c th\u01b0\u1eddng \u0111\u01b0\u1ee3c chia th\u00e0nh h\u1ea1ng A, B v\u00e0 C.<\/p>\n

Ch\u1ee9ng kho\u00e1n b\u1ea3o \u0111\u1ea3m b\u1eb1ng th\u1ebf ch\u1ea5p (MBS), l\u00e0 m\u1ed9t lo\u1ea1i ch\u1ee9ng kho\u00e1n \u0111\u1ea3m b\u1ea3o b\u1eb1ng t\u00e0i s\u1ea3n, c\u00f3 c\u00f9ng c\u1ea5u tr\u00fac. Ch\u1eb7t ch\u1ebd h\u01a1n n\u1eefa, ch\u1ee9ng kho\u00e1n \u0111\u1ea3m b\u1ea3o b\u1eb1ng th\u1ebf ch\u1ea5p th\u01b0\u01a1ng m\u1ea1i (CMBS) \u0111\u01b0\u1ee3c chia th\u00e0nh c\u00e1c nh\u00f3m ghi ch\u00fa c\u00f3 c\u00f9ng c\u1ea5u tr\u00fac A, B, C. M\u1ed7i \u0111\u1ee3t ph\u00e1t h\u00e0nh c\u00f3 m\u1ed9t m\u1ee9c ch\u1ea5t l\u01b0\u1ee3ng t\u00edn d\u1ee5ng kh\u00e1c nhau v\u00e0 do \u0111\u00f3 t\u00ednh \u01b0u ti\u00ean thanh to\u00e1n l\u00e0 kh\u00e1c nhau. Ghi ch\u00fa B<\/i>\u00a0l\u00e0 ph\u1ea7n chia th\u1ee9 c\u1ea5p trong c\u1ea5u tr\u00fac kho\u1ea3n vay CMBS.<\/p>\n

C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a ghi ch\u00fa B<\/font><\/h3>\n

Ng\u01b0\u1eddi cho vay (th\u01b0\u1eddng l\u00e0 ng\u00e2n h\u00e0ng) \u0111\u01b0a ra m\u1ed9t kho\u1ea3n vay c\u00f3 b\u1ea3o \u0111\u1ea3m. Kho\u1ea3n vay c\u00f3 b\u1ea3o \u0111\u1ea3m n\u00e0y \u0111\u01b0\u1ee3c chia th\u00e0nh c\u00e1c ph\u1ea7n cao c\u1ea5p v\u00e0 th\u1ee9 c\u1ea5p r\u1ed3i \u0111\u01b0\u1ee3c x\u1ebfp v\u00e0o c\u00e1c \u0111\u1ee3t ph\u00e1t h\u00e0nh\u00a0ghi ch\u00fa A\u00a0ho\u1eb7c ghi ch\u00fa B<\/i>. C\u00e1c kho\u1ea3n thanh to\u00e1n cho vay \u0111\u1ed1i v\u1edbi c\u00e1c kho\u1ea3n th\u1ebf ch\u1ea5p c\u00f3 trong s\u1ea3n ph\u1ea9m \u0111\u01b0\u1ee3c ch\u1ee9ng kho\u00e1n h\u00f3a t\u1ed5ng th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 th\u1ef1c hi\u1ec7n thanh to\u00e1n cho nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef ch\u1ee9ng kho\u00e1n.<\/p>\n

Mi\u1ec5n l\u00e0 ng\u01b0\u1eddi \u0111i vay thanh to\u00e1n th\u1ebf ch\u1ea5p \u0111\u00fang h\u1ea1n hay n\u00f3i c\u00e1ch kh\u00e1c l\u00e0 kho\u1ea3n vay \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong t\u1ea5t c\u1ea3 c\u00e1c \u0111\u1ee3t ph\u00e1t h\u00e0nh s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c c\u1ed5 ph\u1ea7n t\u01b0\u01a1ng \u1ee9ng c\u1ee7a h\u1ecd v\u1ec1 c\u00e1c kho\u1ea3n thanh to\u00e1n c\u1ee7a ng\u01b0\u1eddi vay m\u1ed9t c\u00e1ch \u0111\u1ed3ng th\u1eddi.<\/p>\n

N\u1ebfu ng\u01b0\u1eddi \u0111i vay v\u1ee1 n\u1ee3 th\u00ec c\u00e1c \u0111\u1ee3t ph\u00e1t h\u00e0nh kh\u00e1c s\u1ebd \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n. Nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef c\u00e1c ghi ch\u00fa h\u1ea1ng A \u0111\u01b0\u1ee3c tr\u1ea3 l\u00e3i v\u00e0 c\u00e1c kho\u1ea3n thanh to\u00e1n g\u1ed1c tr\u01b0\u1edbc nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef c\u00e1c ghi ch\u00fa h\u1ea1ng B. \u0110i\u1ec1u n\u00e0y khi\u1ebfn cho c\u00e1c ghi ch\u00fa B<\/i> mang nhi\u1ec1u r\u1ee7i ro h\u01a1n.<\/p>\n

S\u1ef1 b\u00f9 \u0111\u1eafp r\u1ee7i ro cho ghi ch\u00fa B<\/b><\/p>\n

\u0110\u1ec3 b\u00f9 \u0111\u1eafp cho m\u1ee9c \u0111\u1ed9 r\u1ee7i ro cao h\u01a1n, ghi ch\u00fa B<\/i> chi tr\u1ea3 l\u00e3i su\u1ea5t cao h\u01a1n v\u00e0 do \u0111\u00f3 l\u01b0\u1ee3ng thanh to\u00e1n s\u1ebd l\u1edbn h\u01a1n cho nh\u00e0 \u0111\u1ea7u t\u01b0 so v\u1edbi ghi ch\u00fa A. Ghi ch\u00fa B<\/i> c\u0169ng \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng th\u1ea5p h\u01a1n ghi ch\u00fa A t\u01b0\u01a1ng \u1ee9ng, th\u01b0\u1eddng \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng b\u1eb1ng \u0111i\u1ec3m \u0111\u1ea7u t\u01b0.<\/p>\n

M\u1ed9t l\u01b0u \u00fd l\u00e0 khi b\u1ecb v\u1ee1 n\u1ee3, t\u1ea5t c\u1ea3 nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef ghi ch\u00fa A ph\u1ea3i \u0111\u01b0\u1ee3c thanh to\u00e1n tr\u01b0\u1edbc b\u1ea5t k\u00ec ng\u01b0\u1eddi n\u1eafm gi\u1eef ghi ch\u00fa B<\/i> n\u00e0o. Ti\u1ebfp \u0111\u00f3, ng\u01b0\u1eddi n\u1eafm gi\u1eef ghi ch\u00fa B<\/i> s\u1ebd \u0111\u01b0\u1ee3c thanh to\u00e1n tr\u01b0\u1edbc c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef ghi ch\u00fa C. Theo \u0111\u00f3, h\u1ea7u h\u1ebft nh\u1eefng r\u1ee7i ro l\u00e0 c\u00e1c ch\u1ee7 s\u1edf h\u1eefu ghi ch\u00fa C v\u00e0 B ph\u1ea3i ch\u1ecbu.<\/p>\n

Qui \u0111\u1ecbnh v\u1ec1 ghi ch\u00fa B<\/b><\/p>\n

Sau cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh n\u0103m 2008, \u0110\u1ea1o lu\u1eadt c\u1ea3i c\u00e1ch v\u00e0 b\u1ea3o v\u1ec7 ng\u01b0\u1eddi ti\u00eau d\u00f9ng tr\u00ean ph\u1ed1 Wall Dodd-Frank \u0111\u00e3 \u0111\u01b0\u1ee3c th\u00f4ng qua. \u0110\u1ea1o lu\u1eadt n\u00e0y l\u00e0 m\u1ed9t m\u1ee5c l\u1edbn bao h\u00e0m c\u00e1c lu\u1eadt nh\u1eb1m t\u00ecm c\u00e1ch \u0111i\u1ec1u ch\u1ec9nh c\u00e1c l\u0129nh v\u1ef1c kh\u00e1c nhau c\u1ee7a ng\u00e0nh t\u00e0i ch\u00ednh \u0111\u1ec3 ph\u00f2ng tr\u00e1nh m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng nh\u01b0 v\u1eady x\u1ea3y ra l\u1ea7n n\u1eefa.<\/p>\n

\u0110\u1ed1i v\u1edbi CMBS v\u00e0 c\u00e1c ghi ch\u00fa B<\/i>, qui \u0111\u1ecbnh \u0111\u01b0\u1ee3c \u0111\u01b0a ra d\u01b0\u1edbi d\u1ea1ng ngh\u0129a v\u1ee5 duy tr\u00ec r\u1ee7i ro theo M\u1ee5c 15G c\u1ee7a \u0110\u1ea1o lu\u1eadt Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch n\u0103m 1934. M\u1ed9t s\u1ed1 y\u00eau c\u1ea7u c\u1ee7a ghi ch\u00fa B <\/i>bao g\u1ed3m:<\/p>\n

+ T\u1ea5t c\u1ea3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ghi ch\u00fa B<\/i> \u0111\u1ec1u b\u00ecnh \u0111\u1eb3ng, ngh\u0129a l\u00e0 khi m\u1ed9t nh\u00e0 \u0111\u1ea7u b\u1ecb thua l\u1ed7 n\u00f3 kh\u00f4ng \u1ea3nh h\u01b0\u1edfng t\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c.<\/p>\n

+ Nh\u00e0 \u0111\u1ea7u t\u01b0 ghi ch\u00fa B<\/i> ph\u1ea3i gi\u1eef kho\u1ea3n \u0111\u1ea7u t\u01b0 ghi ch\u00fa B<\/i> trong t\u1ed1i thi\u1ec3u 5 n\u0103m, nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 c\u00f3 th\u1ec3 b\u00e1n ghi ch\u00fa c\u1ee7a m\u00ecnh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ghi ch\u00fa B<\/b> kh\u00e1c.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: investopedia.com)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ghi ch\u00fa B (ti\u1ebfng Anh: B-Note) l\u00e0 ph\u1ea7n chia th\u1ee9 c\u1ea5p trong c\u1ea5u tr\u00fac kho\u1ea3n vay ch\u1ee9ng kho\u00e1n \u0111\u1ea3m b\u1ea3o b\u1eb1ng th\u1ebf ch\u1ea5p th\u01b0\u01a1ng m\u1ea1i, ng\u01b0\u1eddi n\u1eafm gi\u1eef ghi ch\u00fa B s\u1ebd \u0111\u01b0\u1ee3c chi tr\u1ea3 sau nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef ghi ch\u00fa A.\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\/30548"}],"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=30548"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30548\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}