{"id":31307,"date":"2023-12-07T10:31:15","date_gmt":"2023-12-07T10:31:15","guid":{"rendered":"https:\/\/masterskills.org\/blog\/nghia-vu-cho-vay-the-chap-collateralized-loan-obligation-clo-la-gi.html"},"modified":"2023-12-23T08:01:19","modified_gmt":"2023-12-23T01:01:19","slug":"nghia-vu-cho-vay-the-chap-collateralized-loan-obligation-clo-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/nghia-vu-cho-vay-the-chap-collateralized-loan-obligation-clo-la-gi.html","title":{"rendered":"Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p (Collateralized Loan Obligation – CLO) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Fortune.com<\/p>\n<\/div>\n<\/div>\n

Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span><\/font><\/h2>\n

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

Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span><\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 collateralized loan obligation<\/b>, vi\u1ebft t\u1ea5t l\u00e0 CLO<\/b>.<\/p>\n

Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span> (CLO)\u00a0<\/b>l\u00e0 m\u1ed9t ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng m\u1ed9t r\u1ed5 c\u00e1c kho\u1ea3n n\u1ee3. C\u00e1c kho\u1ea3n n\u1ee3 n\u00e0y th\u01b0\u1eddng l\u00e0 c\u00e1c kho\u1ea3n vay doanh nghi\u1ec7p c\u00f3 ch\u1ea5t l\u01b0\u1ee3ng t\u00edn d\u1ee5ng th\u1ea5p hay kho\u1ea3n vay \u0111\u00f2n b\u1ea9y m\u00e0 m\u1ed9t c\u00f4ng ty t\u01b0 nh\u00e2n s\u1eed d\u1ee5ng \u0111\u1ec3 mua l\u1ea1i m\u1ed9t c\u00f4ng ty kh\u00e1c.<\/p>\n

CLO<\/b> c\u0169ng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 ngh\u0129a v\u1ee5 n\u1ee3 c\u1ea7m c\u1ed1 th\u1ebf ch\u1ea5p (CMO), ch\u1ec9 kh\u00e1c nhau \u1edf lo\u1ea1i h\u00ecnh kho\u1ea3n n\u1ee3 \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o. M\u1ed9t b\u00ean l\u00e0 n\u1ee3 vay doanh nghi\u1ec7p c\u00f2n m\u1ed9t b\u00ean l\u00e0 n\u1ee3 vay c\u1ea7m c\u1ed1 t\u00e0i s\u1ea3n.<\/p>\n

V\u1edbi CLO<\/b>, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd \u0111\u01b0\u1ee3c nh\u1eadn c\u00e1c kho\u1ea3n thanh to\u00e1n theo k\u00ec c\u1ee7a c\u00e1c kho\u1ea3n n\u1ee3 \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o v\u00e0 ph\u1ea3i ch\u1ea5p nh\u1eadn c\u1ea3 r\u1ee7i ro v\u1ee1 n\u1ee3 t\u1eeb ch\u00fang. Nh\u01b0ng \u0111\u1ec3 b\u00f9 \u0111\u1eafp cho r\u1ee7i ro v\u1ee1 n\u1ee3 n\u00e0y th\u00ec nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd c\u00f3 \u0111\u01b0\u1ee3c m\u1ed9t danh m\u1ee5c \u0111a d\u1ea1ng h\u01a1n v\u00e0 m\u1ed9t kho\u1ea3n l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng cao h\u01a1n trung b\u00ecnh.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span><\/font><\/h3>\n

Nh\u1eefng kho\u1ea3n vay c\u00f3 x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng th\u1ea5p s\u1ebd \u0111\u01b0\u1ee3c b\u00e1n cho m\u1ed9t nh\u00e0 qu\u1ea3n l\u00ed Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span>. Nh\u00e0 qu\u1ea3n l\u00ed n\u00e0y s\u1ebd gom nhi\u1ec1u kho\u1ea3n vay l\u1ea1i (th\u01b0\u1eddng l\u00e0 t\u1eeb 100 \u0111\u1ebfn 225) th\u00e0nh m\u1ed9t r\u1ed5 th\u1ed1ng nh\u1ea5t \u0111\u1ec3 ti\u1ebfn h\u00e0nh mua b\u00e1n n\u1ee3.<\/p>\n

\u0110\u1ec3 huy \u0111\u1ed9ng ti\u1ec1n nh\u1eb1m c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c mua c\u00e1c kho\u1ea3n n\u1ee3 kh\u00e1c, nh\u00e0 qu\u1ea3n l\u00ed s\u1ebd b\u00e1n Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span> cho nh\u00e0 \u0111\u1ea7u t\u01b0 theo m\u1ed9t c\u1ea5u tr\u00fac \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ph\u00e2n ng\u1ea1ch (tranche). M\u1ed7i ph\u00e2n ng\u1ea1ch s\u1ebd \u0111\u1ea1i di\u1ec7n cho m\u1ed9t ph\u1ea7n c\u1ee7a Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span> v\u00e0 n\u00f3 s\u1ebd quy\u1ebft \u0111\u1ecbnh xem ai l\u00e0 ng\u01b0\u1eddi \u0111\u1ea7u ti\u00ean \u0111\u01b0\u1ee3c chi tr\u1ea3 khi m\u00e0 c\u00e1c kho\u1ea3n n\u1ee3 th\u1ebf ch\u1ea5p \u0111\u01b0\u1ee3c thanh to\u00e1n.<\/p>\n

V\u00e0 v\u00ec v\u1eady n\u00f3 c\u0169ng quy\u1ebft \u0111\u1ecbnh m\u1ee9c \u0111\u1ed9 r\u1ee7i ro c\u1ee7a kho\u1ea3n \u0111\u1ea7u t\u01b0 do nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0o \u0111\u01b0\u1ee3c chi tr\u1ea3 cu\u1ed1i c\u00f9ng s\u1ebd ch\u1ecbu nhi\u1ec1u r\u1ee7i ro v\u1ee1 n\u1ee3 nh\u1ea5t. Nh\u01b0ng nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c chi tr\u1ea3 \u0111\u1ea7u ti\u00ean do ch\u1ea5p nh\u1eadn m\u1ee9c \u0111\u1ed9 r\u1ee7i ro th\u1ea5p n\u00ean c\u0169ng s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i su\u1ea5t th\u1ea5p h\u01a1n. C\u00f2n nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c tr\u1ea3 sau hay tr\u1ea3 cu\u1ed1i th\u00ec s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i su\u1ea5t cao h\u01a1n \u0111\u1ec3 b\u00f9 \u0111\u1eafp cho r\u1ee7i ro m\u00e0 h\u1ecd ph\u1ea3i ch\u1ecbu.<\/p>\n

Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span><\/b> l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 \u0111\u01b0\u1ee3c qu\u1ea3n l\u00ed ch\u1ee7 \u0111\u1ed9ng. Ng\u01b0\u1eddi qu\u1ea3n l\u00ed c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n mua b\u00e1n c\u00e1c kho\u1ea3n n\u1ee3 trong r\u1ed5 th\u1ebf ch\u1ea5p b\u1ea5t k\u00ec l\u00fac n\u00e0o \u0111\u1ec3 ki\u1ebfm l\u1ee3i nhu\u1eadn hay t\u1ed1i thi\u1ec3u h\u00f3a r\u1ee7i ro. V\u00e0 th\u01b0\u1eddng th\u00ec c\u00e1c kho\u1ea3n n\u1ee3 vay n\u1eb1m trong Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p<\/span> \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng nh\u1eefng t\u00e0i s\u1ea3n c\u00f3 gi\u00e1 tr\u1ecb cao n\u00ean vi\u1ec7c b\u00e1n t\u1ed1ng c\u0169ng \u00edt x\u1ea3y ra gi\u00fap n\u00f3 c\u00f3 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu s\u1ef1 dao \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u1ed1t h\u01a1n.<\/p>\n

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

\n Ngh\u0129a v\u1ee5 cho vay th\u1ebf ch\u1ea5p (ti\u1ebfng Anh: Collateralized loan obligation, vi\u1ebft t\u1eaft: CLO) l\u00e0 m\u1ed9t ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng m\u1ed9t r\u1ed5 c\u00e1c kho\u1ea3n n\u1ee3.\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\/31307"}],"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=31307"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31307\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}