{"id":30798,"date":"2023-12-07T09:54:07","date_gmt":"2023-12-07T09:54:07","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chung-khoan-co-so-underlying-security-la-gi-noi-dung-ve-chung-khoan-co-so.html"},"modified":"2023-12-23T06:15:09","modified_gmt":"2023-12-22T23:15:09","slug":"chung-khoan-co-so-underlying-security-la-gi-noi-dung-ve-chung-khoan-co-so","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chung-khoan-co-so-underlying-security-la-gi-noi-dung-ve-chung-khoan-co-so.html","title":{"rendered":"Ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf (Underlying Security) l\u00e0 g\u00ec? N\u1ed9i dung v\u1ec1 ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<figure class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"\">H\u00ecnh minh h\u1ecda<\/p>\n<\/figcaption><\/figure>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">Ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf (Underlying Security)<\/font><\/h2>\n<p><b>Kh\u00e1i ni\u1ec7m<\/b><\/p>\n<p><b>Ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/b> trong ti\u1ebfng Anh l\u00e0 <b>Underlying Security.<\/b><\/p>\n<p><i>Ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf <\/i>l\u00e0 m\u1ed9t c\u1ed5 phi\u1ebfu, ch\u1ec9 s\u1ed1, tr\u00e1i phi\u1ebfu, t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn, \u0111\u01a1n v\u1ecb ti\u1ec1n t\u1ec7 ho\u1eb7c h\u00e0ng h\u00f3a m\u00e0 t\u1ea1i \u0111\u00f3 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh nh\u01b0 quy\u1ec1n ch\u1ecdn t\u01b0\u01a1ng lai, qu\u0129 ETF v\u00e0 c\u00e1c quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c t\u1ea1o ra. <i>Ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/i> l\u00e0 m\u1ed9t th\u00e0nh ph\u1ea7n c\u01a1 b\u1ea3n cho bi\u1ebft gi\u00e1 tr\u1ecb c\u1ee7a c\u00e1c ch\u1ee9ng kho\u00e1n ph\u00e1i sinh \u0111\u01b0\u1ee3c h\u00ecnh th\u00e0nh nh\u01b0 th\u1ebf n\u00e0o.<\/p>\n<p>V\u00ed d\u1ee5, m\u1ed9t quy\u1ec1n ch\u1ecdn mua c\u1ed5 phi\u1ebfu c\u1ee7a Alphabet, Inc. (GOOG\/GOOGL) mang l\u1ea1i cho nh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ec1n (kh\u00f4ng c\u00f3 ngh\u0129a v\u1ee5) chi tr\u1ea3 c\u1ed5 phi\u1ebfu c\u1ee7a Alphabet t\u1ea1i m\u1ed9t m\u1ee9c gi\u00e1 \u0111\u01b0\u1ee3c \u0111\u1ecbnh r\u00f5 trong h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, c\u1ed5 phi\u1ebfu c\u1ee7a Alphabet l\u00e0 m\u1ed9t<i> ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf.<\/i><\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">N\u1ed9i dung v\u1ec1 ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/font><\/h3>\n<p>Trong thu\u1eadt ng\u1eef ph\u00e1i sinh, m\u1ed9t <i>ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/i> (the underlying security) th\u01b0\u1eddng \u0111\u01b0\u1ee3c g\u1ecdi \u0111\u01a1n gi\u1ea3n l\u00e0 &#8220;the underlying&#8221;. Ch\u1ee9ng kho\u00e1n c\u01a1 b\u1ea3n c\u00f3 th\u1ec3 l\u00e0 b\u1ea5t k\u00ec t\u00e0i s\u1ea3n, ch\u1ec9 s\u1ed1, c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ho\u1eb7c th\u1eadm ch\u00ed l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 ph\u00e1i sinh kh\u00e1c.<\/p>\n<p>C\u00e1c ngh\u0129a v\u1ee5 n\u1ee3 \u0111\u01b0\u1ee3c th\u1ebf ch\u1ea5p (CDO) v\u00e0 ho\u00e1n \u0111\u1ed5i m\u1eb7c \u0111\u1ecbnh t\u00edn d\u1ee5ng (CDS) l\u00e0 c\u00e1c nh\u00e2n t\u1ed1 \u0111\u1ea7u ti\u00ean v\u00e0 trung t\u00e2m trong cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh n\u0103m 2008, \u0111\u00e2y c\u0169ng l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh ph\u1ee5 thu\u1ed9c v\u00e0o s\u1ef1 chuy\u1ec3n \u0111\u1ed9ng c\u1ee7a m\u1ed9t c\u01a1 s\u1edf.<\/p>\n<p>C\u00e1c nh\u00e0 giao d\u1ecbch s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh \u0111\u1ec3 v\u1eeba \u0111\u1ea7u c\u01a1 v\u1eeba ph\u00f2ng v\u1ec7 c\u00e1c bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong t\u01b0\u01a1ng lai c\u1ee7a<i> ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/i>. M\u1ed9t c\u00f4ng c\u1ee5 ph\u00e1i sinh c\u00e0ng ph\u1ee9c t\u1ea1p th\u00ec m\u1ee9c \u0111\u1ed9 \u0111\u1ea7u c\u01a1 v\u00e0 ph\u00f2ng ng\u1eeba r\u1ee7i ro c\u00e0ng tr\u1edf n\u00ean quan tr\u1ecdng. V\u00ed d\u1ee5: c\u00e1c quy\u1ec1n ch\u1ecdn v\u1ec1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o gi\u00e1 t\u01b0\u01a1ng lai c\u1ee7a h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, c\u0169ng c\u00f3 ngh\u0129a l\u00e0 \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o gi\u00e1 t\u01b0\u01a1ng lai c\u1ee7a<i> ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf.<\/i><\/p>\n<p>N\u1ebfu kh\u00f4ng c\u00f3 c\u00f4ng c\u1ee5 ph\u00e1i sinh, c\u00e1c nh\u00e0 giao d\u1ecbch ch\u1ec9 c\u1ea7n mua v\u00e0 b\u00e1n<i> ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf.<\/i> Tuy nhi\u00ean, khi c\u00f3 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh, <i>ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/i> l\u00e0 m\u1ed9t \u0111i\u1ec1n ki\u1ec7n c\u1ea7n c\u00f3 trong h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh v\u00e0 \u0111\u01b0\u1ee3c ch\u1ea5p thu\u1eadn b\u1edfi b\u00ean kia. Ngo\u1ea1i l\u1ec7 l\u00e0 khi <b>ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf<\/b> l\u00e0 m\u1ed9t ch\u1ec9 s\u1ed1, ho\u1eb7c c\u00f4ng c\u1ee5 ph\u00e1i sinh l\u00e0 m\u1ed9t quy\u1ec1n ch\u1ecdn ho\u00e1n \u0111\u1ed5i trong \u0111\u00f3 ch\u1ec9 c\u00f3 ti\u1ec1n m\u1eb7t \u0111\u01b0\u1ee3c trao \u0111\u1ed5i v\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh.<\/p>\n<p><i>(T\u00e0i li\u1ec7u tham kh\u1ea3o: investopedia.com)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            Ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf (ti\u1ebfng Anh: Underlying Security) l\u00e0 m\u1ed9t c\u1ed5 phi\u1ebfu, ch\u1ec9 s\u1ed1, tr\u00e1i phi\u1ebfu, t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn, \u0111\u01a1n v\u1ecb ti\u1ec1n t\u1ec7 ho\u1eb7c h\u00e0ng h\u00f3a m\u00e0 t\u1ea1i \u0111\u00f3 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh nh\u01b0 quy\u1ec1n ch\u1ecdn t\u01b0\u01a1ng lai, qu\u0129 ETF v\u00e0 c\u00e1c quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c t\u1ea1o ra.\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\/30798"}],"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=30798"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30798\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}