{"id":30571,"date":"2023-12-07T09:33:51","date_gmt":"2023-12-07T09:33:51","guid":{"rendered":"https:\/\/masterskills.org\/blog\/tai-san-co-so-underlying-asset-la-gi-tai-san-co-so-va-hop-dong-phai-sinh.html"},"modified":"2023-12-23T06:13:32","modified_gmt":"2023-12-22T23:13:32","slug":"tai-san-co-so-underlying-asset-la-gi-tai-san-co-so-va-hop-dong-phai-sinh","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/tai-san-co-so-underlying-asset-la-gi-tai-san-co-so-va-hop-dong-phai-sinh.html","title":{"rendered":"T\u00e0i s\u1ea3n c\u01a1 s\u1edf (Underlying Asset) l\u00e0 g\u00ec? T\u00e0i s\u1ea3n c\u01a1 s\u1edf v\u00e0 H\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Tackletrading.com<\/p>\n<\/figcaption><\/figure>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/font><\/h2>\n

Kha\u0301i ni\u1ec7m<\/b><\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Underlying Asset.<\/b><\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/b>\u00a0l\u00e0 c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh m\u00e0 gi\u00e1 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh d\u1ef1a tr\u00ean \u0111\u00f3. H\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn hay h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai l\u00e0 v\u00ed d\u1ee5 v\u1ec1 c\u00f4ng c\u1ee5 ph\u00e1i sinh.<\/p>\n

C\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh c\u00f3 gi\u00e1 d\u1ef1a tr\u00ean m\u1ed7i lo\u1ea1i t\u00e0i s\u1ea3n kh\u00e1c nhau.\u00a0<\/i><\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m T\u00e0i s\u1ea3n c\u01a1 s\u1edf\u00a0<\/font><\/h3>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/b> l\u00e0 n\u1ec1n t\u1ea3ng x\u00e1c \u0111\u1ecbnh gi\u00e1 tr\u1ecb c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh. V\u00ed d\u1ee5: m\u1ed9t quy\u1ec1n ch\u1ecdn c\u1ee7a c\u1ed5 phi\u1ebfu XYZ cho ph\u00e9p ch\u1ee7 s\u1edf h\u1eefu quy\u1ec1n mua ho\u1eb7c b\u00e1n c\u1ed5 phi\u1ebfu XYZ v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n cho \u0111\u1ebfn khi quy\u1ec1n ch\u1ecdn \u0111\u00e1o h\u1ea1n.\u00a0<\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf c\u1ee7a quy\u1ec1n ch\u1ecdn tr\u00ean l\u00e0 c\u1ed5 phi\u1ebfu XYZ. \u00a0<\/i><\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c \u0111i\u1ec1u kho\u1ea3n th\u1ecfa thu\u1eadn trong h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh t\u1ea1o ra gi\u00e1 tr\u1ecb cho h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh \u0111\u00f3.\u00a0<\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf l\u00e0 ch\u1ee9ng kho\u00e1n c\u00f3 li\u00ean quan \u0111\u1ebfn c\u00e1c th\u1ecfa thu\u1eadn m\u00e0 c\u00e1c b\u00ean \u0111\u00e3 \u0111\u1ed3ng \u00fd trong h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh. \u00a0\u00a0<\/i><\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf v\u00e0 H\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh<\/font><\/h3>\n

Gi\u00e1 c\u1ee7a h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn ho\u1eb7c h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh t\u1eeb gi\u00e1 c\u1ee7a m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/b><\/p>\n

\u00a0– Trong m\u1ed9t h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn, ng\u01b0\u1eddi ph\u00e1t h\u00e0nh h\u1ee3p \u0111\u1ed3ng ph\u1ea3i mua ho\u1eb7c b\u00e1n m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf cho ng\u01b0\u1eddi mua h\u1ee3p \u0111\u1ed3ng v\u00e0o ng\u00e0y \u0111\u01b0\u1ee3c ch\u1ec9 \u0111\u1ecbnh theo m\u1ee9c gi\u00e1 \u0111\u00e3 th\u1ecfa thu\u1eadn.\u00a0 <\/p>\n

Ng\u01b0\u1eddi mua h\u1ee3p \u0111\u1ed3ng kh\u00f4ng b\u1eaft bu\u1ed9c ph\u1ea3i mua t\u00e0i s\u1ea3n c\u01a1 s\u1edf, nh\u01b0ng h\u1ecd c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n c\u1ee7a m\u00ecnh n\u1ebfu h\u1ecd mu\u1ed1n.\u00a0<\/p>\n

N\u1ebfu quy\u1ec1n ch\u1ecdn s\u1eafp h\u1ebft h\u1ea1n m\u00e0 gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf kh\u00f4ng thu\u1eadn l\u1ee3i \u0111\u1ec3 vi\u1ec7c th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn \u0111em l\u1ea1i l\u1ee3i nhu\u1eadn, ng\u01b0\u1eddi mua quy\u1ec1n c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n ho\u1eb7c \u0111\u1ec3 cho quy\u1ec1n ch\u1ecdn \u0111\u00e1o h\u1ea1n m\u00e0 kh\u00f4ng l\u00e0m g\u00ec c\u1ea3. V\u1edbi tr\u01b0\u1eddng h\u1ee3p th\u1ee9 hai, h\u1ecd s\u1ebd m\u1ea5t s\u1ed1 ti\u1ec1n \u0111\u00e3 tr\u1ea3 \u0111\u1ec3 mua quy\u1ec1n ch\u1ecdn. \u00a0\u00a0<\/p>\n

\u00a0– H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai l\u00e0 m\u1ed9t ngh\u0129a v\u1ee5 gi\u1eefa ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n. Ng\u01b0\u1eddi b\u00e1n \u0111\u1ed3ng \u00fd cung c\u1ea5p v\u00e0 ng\u01b0\u1eddi mua \u0111\u1ed3ng \u00fd mua t\u00e0i s\u1ea3n c\u01a1 s\u1edf khi h\u1ee3p \u0111\u1ed3ng \u0111\u00e1o h\u1ea1n trong t\u01b0\u01a1ng lai.\u00a0<\/p>\n

Gi\u00e1 ng\u01b0\u1eddi b\u00e1n nh\u1eadn \u0111\u01b0\u1ee3c v\u00e0 ng\u01b0\u1eddi mua ph\u1ea3i tr\u1ea3 s\u1ebd\u00a0 t\u01b0\u01a1ng \u1ee9ng v\u1edbi m\u1ee9c gi\u00e1 hai b\u00ean \u0111\u00e3 k\u00ed k\u1ebft trong h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai t\u1ea1i th\u1eddi \u0111i\u1ec3m ban \u0111\u1ea7u.\u00a0<\/p>\n

H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 giao d\u1ecbch t\u01b0\u01a1ng lai s\u1ebd \u0111\u00f3ng v\u1ecb th\u1ebf tr\u01b0\u1edbc khi h\u1ee3p \u0111\u1ed3ng \u0111\u00e1o h\u1ea1n v\u00ec ph\u1ea7n l\u1edbn h\u1ecd l\u00e0 c\u00e1c nh\u00e0 giao d\u1ecbch c\u00e1 nh\u00e2n v\u00e0 c\u00e1c qu\u0129 ph\u00f2ng h\u1ed9, nh\u1eefng ng\u01b0\u1eddi n\u00e0y th\u01b0\u1eddng kh\u00f4ng c\u00f3 nhu c\u1ea7u s\u1edf h\u1eefu t\u00e0i s\u1ea3n c\u01a1 s\u1edf.\u00a0<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 mua ho\u1eb7c b\u00e1n h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u00e0 n\u1ebfu gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai d\u1ecbch chuy\u1ec3n theo h\u01b0\u1edbng thu\u1eadn l\u1ee3i, h\u1ecd c\u00f3 th\u1ec3 tho\u00e1t giao d\u1ecbch t\u1ecfng khi v\u1eabn ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn.\u00a0<\/i><\/p>\n

C\u00e1c lo\u1ea1i T\u00e0i s\u1ea3n c\u01a1 s\u1edf\u00a0<\/font><\/span><\/h3>\n

V\u1edbi quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu, t\u00e0i s\u1ea3n c\u01a1 s\u1edf <\/b>l\u00e0 ch\u00ednh c\u1ed5 phi\u1ebfu \u0111\u00f3. V\u00ed d\u1ee5 m\u1ed9t quy\u1ec1n ch\u1ecdn mua 100 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty X v\u1edbi gi\u00e1 100$ th\u00ec t\u00e0i s\u1ea3n c\u01a1 s\u1edf ch\u00ednh l\u00e0 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty X.\u00a0<\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh gi\u00e1 c\u1ee7a quy\u1ec1n ch\u1ecdn cho \u0111\u1ebfn khi quy\u1ec1n ch\u1ecdn h\u1ebft h\u1ea1n. Gi\u00e1 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf thay \u0111\u1ed5i ttrong su\u1ed1t th\u1eddi h\u1ea1n h\u1ee3p \u0111\u1ed3ng v\u00e0 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn gi\u00e1 c\u1ee7a quy\u1ec1n ch\u1ecdn.<\/p>\n

Gi\u00e1 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf \u1edf m\u1ed9t th\u1eddi \u0111i\u1ec3m cho ph\u00e9p c\u00e1c nh\u00e0 giao d\u1ecbch bi\u1ebft li\u1ec7u th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00f3 c\u00f3 \u0111\u00e1ng hay kh\u00f4ng.\u00a0 \u00a0\u00a0<\/p>\n

T\u00e0i s\u1ea3n c\u01a1 s\u1edf c\u0169ng c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 ho\u1eb7c m\u1ed9t ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng, ch\u1eb3ng h\u1ea1n nh\u01b0 ch\u1ec9 s\u1ed1 S&P 500.\u00a0<\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p l\u00e0 ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, t\u00e0i s\u1ea3n c\u01a1 s\u1edf s\u1ebd bao g\u1ed3m c\u00e1c c\u1ed5 phi\u1ebfu ph\u1ed5 bi\u1ebfn trong ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u00f3.\u00a0 \u00a0<\/i><\/p>\n

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

\n T\u00e0i s\u1ea3n c\u01a1 s\u1edf (ti\u1ebfng Anh: Underlying Asset) l\u00e0 c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh m\u00e0 gi\u00e1 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh d\u1ef1a tr\u00ean \u0111\u00f3.\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\/30571"}],"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=30571"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30571\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}