{"id":30839,"date":"2023-12-07T09:56:52","date_gmt":"2023-12-07T09:56:52","guid":{"rendered":"https:\/\/masterskills.org\/blog\/doi-tac-bu-tru-trung-tam-central-counterparty-ccp-la-gi.html"},"modified":"2023-12-23T07:23:24","modified_gmt":"2023-12-23T00:23:24","slug":"doi-tac-bu-tru-trung-tam-central-counterparty-ccp-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/doi-tac-bu-tru-trung-tam-central-counterparty-ccp-la-gi.html","title":{"rendered":"\u0110\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (Central Counterparty – CCP) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Abbreviations<\/p>\n<\/div>\n<\/div>\n

\u0110\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m<\/font><\/h2>\n

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

\u0110\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m<\/b> trong ti\u1ebfng Anh l\u00e0 central counterparty clearing house<\/b>, vi\u1ebft t\u1eaft l\u00e0 CCP<\/b>.<\/p>\n

\u0110\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (CCP)<\/i> l\u00e0 m\u1ed9t c\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng c\u1ee7a\u00a0trung t\u00e2m thanh to\u00e1n b\u00f9 tr\u1eeb\u00a0(Clearing House), trong \u0111\u00f3 CCP \u0111\u00f3ng vai tr\u00f2 l\u00e0 m\u1ed9t ch\u1ee7 th\u1ec3 \u0111\u1ee9ng gi\u1eefa c\u00e1c b\u00ean giao d\u1ecbch, CCP xen v\u00e0o giao d\u1ecbch gi\u1eefa c\u00e1c b\u00ean th\u00f4ng qua c\u01a1 ch\u1ebf th\u1ebf v\u1ecb \u0111\u1ec3 tr\u1edf th\u00e0nh ng\u01b0\u1eddi b\u00e1n c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi mua c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c ng\u01b0\u1eddi b\u00e1n.\u00a0<\/p>\n

V\u1edbi c\u01a1 ch\u1ebf n\u00e0y, CCP \u0111\u1ea3m b\u1ea3o vi\u1ec7c thanh to\u00e1n giao d\u1ecbch ngay c\u1ea3 trong tr\u01b0\u1eddng h\u1ee3p m\u1ed9t b\u00ean trong giao d\u1ecbch ban \u0111\u1ea7u (giao d\u1ecbch g\u1ed1c) kh\u00f4ng th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c ngh\u0129a v\u1ee5 thanh to\u00e1n c\u1ee7a n\u00f3.<\/p>\n

\u01afu \u0111i\u1ec3m<\/font><\/h3>\n

C\u00f3 th\u1ec3 k\u1ec3 ra m\u1ed9t s\u1ed1 \u01b0u \u0111i\u1ec3m c\u1ee7a m\u00f4 h\u00ecnh CCP nh\u01b0:<\/p>\n

– T\u0103ng t\u00ednh hi\u1ec7u qu\u1ea3 v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n<\/p>\n

– Gi\u1ea3m thi\u1ec3u chi ph\u00ed t\u00e0i ch\u00ednh<\/p>\n

– Gi\u00fap c\u00e1c b\u00ean tham gia th\u1ecb tr\u01b0\u1eddng t\u1ed1i \u01b0u h\u00f3a d\u00f2ng ti\u1ec1n c\u1ee7a m\u00ecnh<\/p>\n

– Gi\u1ea3m thi\u1ec3u r\u1ee7i ro cho th\u1ecb tr\u01b0\u1eddng nh\u1edd v\u00e0o c\u01a1 ch\u1ebf t\u1eadp trung r\u1ee7i ro t\u1ea1i CCP c\u0169ng nh\u01b0 chia s\u1ebb r\u1ee7i ro gi\u1eefa c\u00e1c th\u00e0nh vi\u00ean th\u1ecb tr\u01b0\u1eddng…<\/p>\n

Ch\u1ee9c n\u0103ng\u00a0<\/font><\/h3>\n

C\u01a1 ch\u1ebf th\u1ebf v\u1ecb k\u1ebft h\u1ee3p v\u1edbi ch\u1ee9c n\u0103ng b\u1ea3o l\u00e3nh thanh to\u00e1n (\u0111\u1ee9ng ra ch\u1ecbu r\u1ee7i ro \u0111\u1ed1i t\u00e1c) \u0111\u00e3 t\u1ea1o n\u00ean s\u1ef1 kh\u00e1c bi\u1ec7t l\u1edbn cho m\u00f4 h\u00ecnh CCP trong ho\u1ea1t \u0111\u1ed9ng b\u00f9 tr\u1eeb v\u00e0 thanh to\u00e1n giao d\u1ecbch ch\u1ee9ng kho\u00e1n.\u00a0<\/p>\n

C\u01a1 ch\u1ebf n\u00e0y cho ph\u00e9p CCP bi\u1ebfn m\u1ed1i quan h\u1ec7 b\u00f9 tr\u1eeb \u0111a ph\u01b0\u01a1ng gi\u1eefa c\u00e1c \u0111\u1ed1i t\u00e1c th\u00e0nh m\u1ed1i quan h\u1ec7 b\u00f9 tr\u1eeb song ph\u01b0\u01a1ng gi\u1eefa CCP v\u00e0 m\u1ed7i \u0111\u1ed1i t\u00e1c, theo \u0111\u00f3, CCP s\u1ebd gi\u00fap gi\u1ea3m thi\u1ec3u \u0111\u01b0\u1ee3c \u0111\u00e1ng k\u1ec3 s\u1ed1 l\u01b0\u1ee3ng v\u00e0 qui<\/span> m\u00f4 c\u00e1c giao d\u1ecbch c\u1ea7n ph\u1ea3i thanh to\u00e1n c\u0169ng nh\u01b0 chi ph\u00ed li\u00ean quan so v\u1edbi c\u00e1c m\u00f4 h\u00ecnh b\u00f9 tr\u1eeb thanh to\u00e1n ch\u1ee9ng kho\u00e1n kh\u00e1c nh\u01b0 m\u00f4 h\u00ecnh song ph\u01b0\u01a1ng hay m\u00f4 h\u00ecnh b\u00f9 tr\u1eeb thanh to\u00e1n qua trung t\u00e2m thanh to\u00e1n b\u00f9 tr\u1eeb. Nh\u1edd \u0111\u00f3, CCP c\u0169ng gi\u1ea3m thi\u1ec3u \u0111\u00e1ng k\u1ec3 r\u1ee7i ro \u0111\u1ed1i t\u00e1c trong ho\u1ea1t \u0111\u1ed9ng thanh to\u00e1n c\u1ee7a m\u00ecnh.<\/p>\n

Th\u1ef1c ti\u1ec5n\u00a0<\/font><\/h3>\n

Hi\u1ec7n nay tr\u00ean th\u1ebf gi\u1edbi, m\u00f4 h\u00ecnh CCP \u0111ang \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng cho c\u1ea3 th\u1ecb tr\u01b0\u1eddng giao ngay v\u00e0 th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh, trong \u0111\u00f3 ri\u00eang \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh c\u00f3 \u0111\u1eb7c t\u00ednh l\u00e0 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh cao, qui<\/span> m\u00f4 h\u1ee3p \u0111\u1ed3ng l\u1edbn, th\u1eddi gian thanh to\u00e1n k\u00e9o d\u00e0i v\u00e0 nguy c\u01a1 \u0111\u1ed1i t\u00e1c m\u1ea5t kh\u1ea3 n\u0103ng thanh to\u00e1n cao th\u00ec m\u00f4 h\u00ecnh n\u00e0y c\u00e0ng \u0111\u00f3ng m\u1ed9t vai tr\u00f2 c\u1ef1c k\u1ef3 quan tr\u1ecdng do \u0111\u01b0\u1ee3c trang b\u1ecb m\u1ed9t h\u1ec7 th\u1ed1ng qu\u1ea3n l\u00ed r\u1ee7i ro \u0111a t\u1ea7ng, \u0111a l\u1edbp.<\/p>\n

M\u1eb7c d\u00f9 c\u00f3 nhi\u1ec1u \u01b0u \u0111i\u1ec3m, tuy nhi\u00ean, \u0111\u1ec3 thi\u1ebft l\u1eadp \u0111\u01b0\u1ee3c m\u1ed9t CCP th\u1ef1c s\u1ef1 kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t c\u00f4ng vi\u1ec7c \u0111\u01a1n gi\u1ea3n, \u0111\u00f2i h\u1ecfi s\u1ef1 ch\u00edn mu\u1ed3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf c\u0169ng nh\u01b0 s\u1ef1 ho\u00e0n thi\u1ec7n, \u0111\u1ed3ng b\u1ed9 v\u1ec1 khu\u00f4n kh\u1ed5 ph\u00e1p l\u00ed<\/span>, h\u1ea1 t\u1ea7ng k\u0129<\/span> thu\u1eadt, m\u00f4 h\u00ecnh qu\u1ea3n l\u00ed r\u1ee7i ro\u2026<\/p>\n

(Theo \u1ee6y ban ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc, SSC<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n \u0110\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (ti\u1ebfng Anh: Central Counterparty, vi\u1ebft t\u1eaft: CCP) xen v\u00e0o giao d\u1ecbch gi\u1eefa c\u00e1c b\u00ean th\u00f4ng qua c\u01a1 ch\u1ebf th\u1ebf v\u1ecb \u0111\u1ec3 tr\u1edf th\u00e0nh ng\u01b0\u1eddi b\u00e1n c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi mua c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c ng\u01b0\u1eddi b\u00e1n.\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\/30839"}],"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=30839"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30839\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}