{"id":30733,"date":"2023-12-07T09:48:26","date_gmt":"2023-12-07T09:48:26","guid":{"rendered":"https:\/\/masterskills.org\/blog\/muc-ki-qui-ban-dau-initial-margin-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T06:14:24","modified_gmt":"2023-12-22T23:14:24","slug":"muc-ki-qui-ban-dau-initial-margin-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/muc-ki-qui-ban-dau-initial-margin-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"M\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u (Initial Margin) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: G2 Learning Hub<\/p>\n<\/div>\n<\/div>\n

M\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u<\/font><\/h2>\n

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

M\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 initial margin, <\/b>vi\u1ebft t\u1eaft l\u00e0 IM<\/b>.<\/p>\n

M\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u<\/b>\u00a0l\u00e0 m\u1ed9t t\u1ec9 l\u1ec7 trong ti\u1ec1n mua c\u1ed5 phi\u1ebfu ph\u1ea3i \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng ti\u1ec1n m\u1eb7t ho\u1eb7c v\u1eadt th\u1ebf ch\u1ea5p khi s\u1eed d\u1ee5ng t\u00e0i kho\u1ea3n k\u00ed qu\u0129.<\/p>\n

M\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u<\/b> hi\u1ec7n t\u1ea1i theo qui \u0111\u1ecbnh c\u1ee7a C\u1ee5c d\u1ef1 tr\u1eef Li\u00ean bang<\/i> l\u00e0 50%. Tuy nhi\u00ean, \u0111\u00e2y ch\u1ec9 l\u00e0 m\u1ee9c t\u1ed1i thi\u1ec3u, c\u00e1c c\u00f4ng ty m\u00f4i gi\u1edbi c\u00f3 th\u1ec3 thi\u1ebft l\u1eadp m\u1ed9t m\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u cao h\u01a1n cho ri\u00eang h\u1ecd.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 m\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u<\/font><\/h3>\n

\u0110\u1ec3 m\u1edf t\u00e0i kho\u1ea3n k\u00ed qu\u0129<\/i> t\u1ea1i m\u1ed9t c\u00f4ng ty m\u00f4i gi\u1edbi, ng\u01b0\u1eddi ch\u1ee7 t\u00e0i kho\u1ea3n c\u1ea7n ph\u1ea3i n\u1ea1p v\u00e0o m\u1ed9t l\u01b0\u1ee3ng nh\u1ea5t \u0111\u1ecbnh ti\u1ec1n, ch\u1ee9ng kho\u00e1n hay nh\u1eefng v\u1eadt th\u1ebf ch\u1ea5p kh\u00e1c. \u0110\u00e2y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 m\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u<\/b> y\u00eau c\u1ea7u.\u00a0<\/p>\n

T\u00e0i kho\u1ea3n k\u00ed qu\u0129 <\/i>khuy\u1ebfn kh\u00edch nh\u00e0 \u0111\u1ea7u t\u01b0, ng\u01b0\u1eddi giao d\u1ecbch hay nh\u1eefng b\u00ean tham gia th\u1ecb tr\u01b0\u1eddng s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb cao h\u01a1n s\u1ed1 d\u01b0 ti\u1ec1n trong t\u00e0i kho\u1ea3n. V\u1ec1 c\u01a1 b\u1ea3n, t\u00e0i kho\u1ea3n k\u00ed qu\u0129<\/i> l\u00e0 m\u1ed9t h\u1ea1n m\u1ee9c t\u00edn d\u1ee5ng<\/i> v\u1edbi l\u00e3i su\u1ea5t \u0111\u01b0\u1ee3c t\u00ednh tr\u00ean s\u1ed1 ti\u1ec1n vay hi\u1ec7n t\u1ea1i.<\/p>\n

C\u1ed5 phi\u1ebfu trong t\u00e0i kho\u1ea3n k\u00ed qu\u0129<\/i> m\u00e0 \u0111\u01b0\u1ee3c mua b\u1eb1ng ti\u1ec1n c\u1ee7a b\u00ean c\u00f4ng ty m\u00f4i gi\u1edbi cho vay s\u1ebd \u0111\u01b0\u1ee3c coi nh\u01b0 l\u00e0 v\u1eadt th\u1ebf ch\u1ea5p. Giao d\u1ecbch k\u00ed qu\u0129<\/i> \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 khu\u1ebfch \u0111\u1ea1i kho\u1ea3n l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng nh\u01b0ng c\u0169ng s\u1ebd l\u00e0m t\u0103ng c\u00e1c kho\u1ea3n l\u1ed7 ti\u1ec1m n\u0103ng.\u00a0<\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p hi h\u1eefu khi m\u00e0 ch\u1ee9ng kho\u00e1n \u0111\u00e3 mua trong t\u00e0i kho\u1ea3n k\u00ed qu\u0129<\/i> c\u00f3 gi\u00e1 tr\u1ecb gi\u1ea3m v\u1ec1 kh\u00f4ng, th\u00ec ng\u01b0\u1eddi ch\u1ee7 t\u00e0i kho\u1ea3n ph\u1ea3i n\u1ea1p th\u00eam v\u00e0o t\u00e0i kho\u1ea3n m\u1ed9t kho\u1ea3n b\u1eb1ng v\u1edbi s\u1ed1 ti\u1ec1n mua ban \u0111\u1ea7u c\u1ee7a ch\u1ee9ng kho\u00e1n \u0111\u00f3 b\u1eb1ng ti\u1ec1n m\u1eb7t ho\u1eb7c c\u00e1c v\u1eadt th\u1ebf ch\u1ea5p c\u00f3 thanh kho\u1ea3n kh\u00e1c \u0111\u1ec3 b\u00f9 l\u1ea1i kho\u1ea3n l\u1ed7.<\/p>\n

L\u01b0u \u00fd \u0111\u1eb7c bi\u1ec7t<\/font><\/h3>\n

\u0110\u1ed1i v\u1edbi nh\u1eefng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, m\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u <\/b>c\u1ee7a m\u1ed7i giao d\u1ecbch ch\u1ec9 t\u1eeb 5% \u0111\u1ebfn 10%. V\u00ed d\u1ee5, n\u1ebfu h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u1ee7a d\u1ea7u c\u00f3 tr\u1ecb gi\u00e1 l\u00e0 100.000$ th\u00ec ng\u01b0\u1eddi ch\u1ee7 t\u00e0i kho\u1ea3n c\u00f3 th\u1ec3 tham gia v\u00e0o v\u1ecb th\u1ebf mua ch\u1ec9 v\u1edbi m\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u l\u00e0 5000$. Hay n\u00f3i c\u00e1ch kh\u00e1c, m\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u y\u00eau c\u1ea7u n\u00e0y cung c\u1ea5p ch\u1ee7 t\u00e0i kho\u1ea3n m\u1ee9c \u0111\u00f2n b\u1ea9y l\u00ean \u0111\u1ebfn 20 l\u1ea7n.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n

V\u00ed d\u1ee5<\/font><\/h3>\n

M\u1ee9c k\u00ed qu\u0129<\/span> ban \u0111\u1ea7u \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh nh\u01b0 sau:<\/p>\n

IM = T\u1ef7 l\u1ec7 IM x S\u1ed1 l\u01b0\u1ee3ng h\u1ee3p \u0111\u1ed3ng x M x Gi\u00e1<\/p>\n

Trong \u0111\u00f3:<\/p>\n

T\u1ef7 l\u1ec7 IM do HSC (C\u00f4ng ty C\u1ed5 ph\u1ea7n Ch\u1ee9ng kho\u00e1n Th\u00e0nh Ph\u1ed1 H\u1ed3 Ch\u00ed Minh) qui \u0111\u1ecbnh v\u00e0 c\u00f3 th\u1ec3 thay \u0111\u1ed5i theo t\u1eebng th\u1eddi k\u1ef3, hi\u1ec7n t\u1ea1i HSC \u00e1p d\u1ee5ng nh\u01b0 sau: <\/p>\n

H\u0110TL ch\u1ec9 s\u1ed1 VN30: T\u1ef7 l\u1ec7 IM = 18%<\/p>\n

H\u0110TL TPCP: T\u1ef7 l\u1ec7 IM = 5%<\/p>\n

M: H\u1ec7 s\u1ed1 nh\u00e2n h\u1ee3p \u0111\u1ed3ng, m\u1ed7i lo\u1ea1i s\u1ea3n ph\u1ea9m s\u1ebd c\u00f3 M kh\u00e1c nhau: <\/p>\n

H\u0110TL ch\u1ec9 s\u1ed1 VN30: M = 100,000 \u0111\u1ed3ng<\/p>\n

H\u0110TL TPCP: M = 10,000 \u0111\u1ed3ng<\/p>\n

Gi\u00e1 l\u00e0 gi\u00e1 kh\u1edbp l\u1ec7nh g\u1ea7n nh\u1ea5t n\u1ebfu trong phi\u00ean giao d\u1ecbch v\u00e0 l\u00e0 gi\u00e1 thanh to\u00e1n cu\u1ed1i ng\u00e0y (DSP) do Trung t\u00e2m b\u00f9 tr\u1eeb x\u00e1c \u0111\u1ecbnh n\u1ebfu sau gi\u1edd giao d\u1ecbch.\u00a0\u00a0<\/p>\n

*H\u0110TL: h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, *TPCP: tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n M\u1ee9c k\u00ed qu\u0129 ban \u0111\u1ea7u (ti\u1ebfng Anh: Initial margin) l\u00e0 m\u1ed9t t\u1ec9 l\u1ec7 trong ti\u1ec1n mua c\u1ed5 phi\u1ebfu ph\u1ea3i \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng ti\u1ec1n m\u1eb7t ho\u1eb7c v\u1eadt th\u1ebf ch\u1ea5p khi s\u1eed d\u1ee5ng t\u00e0i kho\u1ea3n k\u00ed qu\u0129.\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\/30733"}],"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=30733"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30733\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}