{"id":30701,"date":"2023-12-07T09:45:18","date_gmt":"2023-12-07T09:45:18","guid":{"rendered":"https:\/\/masterskills.org\/blog\/quyen-chon-dinh-kem-embedded-option-la-gi.html"},"modified":"2023-12-23T06:14:13","modified_gmt":"2023-12-22T23:14:13","slug":"quyen-chon-dinh-kem-embedded-option-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/quyen-chon-dinh-kem-embedded-option-la-gi.html","title":{"rendered":"Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m (Embedded Option) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda<\/p>\n<\/div>\n<\/div>\n

Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m (Embedded Option)<\/font><\/h2>\n

\u0110\u1ecbnh ngh\u0129a<\/b><\/p>\n

Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/b> trong ti\u1ebfng Anh l\u00e0 Embedded Option<\/b>.<\/p>\n

Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/i> l\u00e0 m\u1ed9t t\u00ednh n\u0103ng c\u1ee7a ch\u1ee9ng kho\u00e1n cho ph\u00e9p\u00a0nh\u00e0 ph\u00e1t h\u00e0nh\u00a0ho\u1eb7c ch\u1ee7 s\u1edf h\u1eefu th\u1ef1c hi\u1ec7n c\u00e1c h\u00e0nh \u0111\u1ed9ng \u0111\u01b0\u1ee3c ch\u1ec9 \u0111\u1ecbnh (h\u00e0nh \u0111\u1ed9ng c\u1ee5 th\u1ec3) \u0111\u1ed1i v\u1edbi b\u00ean kia, t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m trong t\u01b0\u01a1ng lai.<\/p>\n

B\u1ea3n ch\u1ea5t v\u00e0 \u0111\u1eb7c tr\u01b0ng c\u1ee7a quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/font><\/h3>\n

– <\/i>Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/b> th\u00f4ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c li\u00ean k\u1ebft v\u1edbi\u00a0tr\u00e1i phi\u1ebfu, quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/i>\u00a0cho ph\u00e9p ng\u01b0\u1eddi n\u1eafm gi\u1eef ho\u1eb7c t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh ch\u1ee9ng kho\u00e1n th\u1ef1c hi\u1ec7n h\u00e0nh \u0111\u1ed9ng c\u1ee5 th\u1ec3 \u0111\u1ed1i v\u1edbi b\u00ean c\u00f2n l\u1ea1i t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m x\u00e1c \u0111\u1ecbnh trong t\u01b0\u01a1ng lai.\u00a0Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/span> c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ee7a ch\u1ee9ng kho\u00e1n.<\/p>\n

– Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/i> kh\u00e1c v\u1edbi quy\u1ec1n ch\u1ecdn c\u01a1 b\u1ea3n \u1edf ch\u1ed7 quy\u1ec1n ch\u1ecdn c\u01a1 b\u1ea3n giao d\u1ecbch t\u00e1ch bi\u1ec7t v\u1edbi ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf c\u1ee7a ch\u00fang. \u0110\u1ed1i v\u1edbi c\u00e1c lo\u1ea1i quy\u1ec1n ch\u1ecdn c\u01a1 b\u1ea3n, c\u00e1c nh\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 mua v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn mua hay quy\u1ec1n ch\u1ecdn b\u00e1n m\u1ed9t c\u00e1ch \u0111\u1ed9c l\u1eadp, v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 t\u00e1ch ch\u1ee9ng kho\u00e1n kh\u1ecfi c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0.<\/p>\n

Ng\u01b0\u1ee3c l\u1ea1i,\u00a0quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/span><\/i> \u0111\u01b0\u1ee3c li\u00ean k\u1ebft ch\u1eb7t ch\u1ebd v\u1edbi ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf. Do \u0111\u00f3, ch\u00fang kh\u00f4ng th\u1ec3 giao d\u1ecbch (mua ho\u1eb7c b\u00e1n) m\u1ed9t c\u00e1ch \u0111\u1ed9c l\u1eadp.<\/p>\n

Li\u00ean h\u1ec7 th\u1ef1c ti\u1ec5n<\/font><\/h3>\n

– Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/b> cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ea3 n\u0103ng mua l\u1ea1i ch\u1ee9ng kho\u00e1n tr\u01b0\u1edbc th\u1eddi \u0111i\u1ec3m ch\u1ee9ng kho\u00e1n \u0111\u00e1o h\u1ea1n. Ch\u1eb3ng h\u1ea1n nh\u01b0, m\u1ed9t\u00a0\u0111i\u1ec1u kho\u1ea3n mua l\u1ea1i \u0111\u01b0\u1ee3c coi l\u00e0 quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m, cho ph\u00e9p ng\u01b0\u1eddi n\u1eafm gi\u1eef quy\u1ec1n \u0111\u01b0\u1ee3c mua l\u1ea1i tr\u00e1i phi\u1ebfu tr\u01b0\u1edbc khi tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n.<\/p>\n

– T\u01b0\u01a1ng t\u1ef1 \u0111\u1ed1i v\u1edbi\u00a0tr\u00e1i phi\u1ebfu chuy\u1ec3n \u0111\u1ed5i\u00a0(Convertible Bond), quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m cho ph\u00e9p tr\u00e1i ch\u1ee7 quy\u1ec1n \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i tr\u00e1i phi\u1ebfu sang c\u1ed5 phi\u1ebfu (th\u00f4ng th\u01b0\u1eddng l\u00e0 c\u1ed5 phi\u1ebfu th\u01b0\u1eddng hay c\u1ed5 phi\u1ec1u ph\u1ed5 th\u00f4ng) c\u1ee7a c\u00f4ng ty.<\/p>\n

–\u00a0Tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 b\u00e1n l\u1ea1i\u00a0(Putable bonds ho\u1eb7c Put bonds) l\u00e0 tr\u00e1i phi\u1ebfu trong \u0111\u00f3 tr\u00e1i ch\u1ee7 c\u00f3 quy\u1ec1n b\u00e1n l\u1ea1i tr\u00e1i phi\u1ebfu \u0111\u00f3 cho t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh v\u1edbi m\u1ee9c gi\u00e1 x\u00e1c \u0111\u1ecbnh v\u00e0o ng\u00e0y \u0111\u1ecbnh tr\u01b0\u1edbc. N\u00f3i c\u00e1ch kh\u00e1c, \u0111i\u1ec1u kho\u1ea3n b\u00e1n l\u1ea1i c\u1ee7a tr\u00e1i phi\u1ebfu l\u00e0 quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m cho ph\u00e9p tr\u00e1i ch\u1ee7 y\u00eau c\u1ea7u nh\u00e0 ph\u00e1t h\u00e0nh mua l\u1ea1i tr\u00e1i phi\u1ebfu s\u1edbm h\u01a1n th\u1eddi \u0111i\u1ec3m tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n.<\/p>\n

L\u01b0u \u00fd:<\/b><\/p>\n

– Vi\u1ec7c \u0111\u1ecbnh gi\u00e1 tr\u00e1i phi\u1ebfu v\u1edbi c\u00e1c quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m<\/span> \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1eb1ng c\u00e1ch s\u1eed d\u1ee5ng c\u00e1c\u00a0k\u0129 thu\u1eadt\u00a0\u0111\u1ecbnh gi\u00e1 quy\u1ec1n ch\u1ecdn.<\/p>\n

Gi\u00e1 tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 mua l\u1ea1i = Gi\u00e1 tr\u00e1i phi\u1ebfu kh\u00f4ng c\u00f3 quy\u1ec1n ch\u1ecdn – Gi\u00e1 c\u1ee7a quy\u1ec1n ch\u1ecdn mua<\/p>\n

Gi\u00e1 tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 b\u00e1n l\u1ea1i =\u00a0Gi\u00e1 tr\u00e1i phi\u1ebfu kh\u00f4ng c\u00f3 quy\u1ec1n ch\u1ecdn + Gi\u00e1 c\u1ee7a quy\u1ec1n ch\u1ecdn b\u00e1n<\/p>\n

– Sau khi gi\u00e1 tr\u1ecb c\u1ee7a tr\u00e1i phi\u1ebfu \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh, c\u00e1c gi\u00e1 tr\u1ecb l\u1ee3i su\u1ea5t kh\u00e1c nhau nh\u01b0 l\u1ee3i su\u1ea5t \u0111\u00e1o h\u1ea1n v\u00e0 l\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c t\u00ednh to\u00e1n.<\/p>\n

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

\n Quy\u1ec1n ch\u1ecdn \u0111\u00ednh k\u00e8m (ti\u1ebfng Anh: Embedded Option) l\u00e0 m\u1ed9t t\u00ednh n\u0103ng c\u1ee7a ch\u1ee9ng kho\u00e1n cho ph\u00e9p nh\u00e0 ph\u00e1t h\u00e0nh ho\u1eb7c ch\u1ee7 s\u1edf h\u1eefu th\u1ef1c hi\u1ec7n c\u00e1c h\u00e0nh \u0111\u1ed9ng c\u1ee5 th\u1ec3 \u0111\u1ed1i v\u1edbi b\u00ean kia, t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m trong t\u01b0\u01a1ng lai.\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\/30701"}],"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=30701"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30701\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}