{"id":31308,"date":"2023-12-07T10:31:20","date_gmt":"2023-12-07T10:31:20","guid":{"rendered":"https:\/\/masterskills.org\/blog\/nghia-vu-trai-phieu-the-chap-collateralized-bond-obligation-cbo-la-gi.html"},"modified":"2023-12-23T08:01:19","modified_gmt":"2023-12-23T01:01:19","slug":"nghia-vu-trai-phieu-the-chap-collateralized-bond-obligation-cbo-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/nghia-vu-trai-phieu-the-chap-collateralized-bond-obligation-cbo-la-gi.html","title":{"rendered":"Ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p (Collateralized Bond Obligation – CBO) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Utahinvestorlaw.com<\/p>\n<\/div>\n<\/div>\n

Ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p<\/font><\/h2>\n

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

Ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 collateralized bond obligation<\/b>, vi\u1ebft t\u1eaft l\u00e0 CBO<\/b>.<\/p>\n

Ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p (CBO)<\/b> l\u00e0 m\u1ed9t d\u1ea1ng tr\u00e1i phi\u1ebfu \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng m\u1ed9t r\u1ed5\u00a0tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1. Tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 tuy kh\u00f4ng \u0111\u01b0\u1ee3c x\u1ebfp lo\u1ea1i l\u00e0 tr\u00e1i phi\u1ebfu \u0111\u1ea7u t\u01b0 nh\u01b0ng n\u1ebfu gom nhi\u1ec1u tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 v\u1edbi ch\u1ea5t l\u01b0\u1ee3ng t\u00edn d\u1ee5ng kh\u00e1c nhau th\u00e0nh m\u1ed9t r\u1ed5 th\u00ec n\u00f3 \u0111\u1ee7 \u0111\u1ed9 \u0111a d\u1ea1ng \u0111\u1ec3 \u0111\u01b0\u1ee3c x\u1ebfp lo\u1ea1i l\u00e0 tr\u00e1i phi\u1ebfu \u0111\u1ea7u t\u01b0.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p<\/font><\/h3>\n

Ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p<\/b> l\u00e0 m\u1ed9t d\u1ea1ng ch\u1ee9ng kho\u00e1n n\u1ee3 \u0111\u00e3 \u0111\u01b0\u1ee3c c\u01a1 c\u1ea5u, bao g\u1ed3m nh\u1eefng lo\u1ea1i tr\u00e1i phi\u1ebfu \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng kho\u1ea3n ph\u1ea3i thu c\u1ee7a c\u00e1c tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 hay tr\u00e1i phi\u1ebfu r\u1ee7i ro cao kh\u00e1c.<\/p>\n

C\u00f4ng c\u1ee5 n\u1ee3 n\u00e0y \u0111\u01b0\u1ee3c c\u01a1 c\u1ea5u b\u1eb1ng c\u00e1ch\u00a0ch\u1ee9ng kho\u00e1n h\u00f3a\u00a0m\u1ed9t r\u1ed5 g\u1ed3m nhi\u1ec1u tr\u00e1i phi\u1ebfu c\u00f3 ch\u1ea5t l\u01b0\u1ee3ng t\u00edn d\u1ee5ng kh\u00e1c nhau. R\u1ed5 tr\u00e1i phi\u1ebfu n\u00e0y l\u00e0 m\u1ed9t t\u1eadp h\u1ee3p c\u1ee7a nh\u1eefng tr\u00e1i phi\u1ebfu r\u1ee7i ro cao v\u00e0 tr\u00e1i phi\u1ebfu r\u1ee7i ro th\u1ea5p. Ch\u00fang \u0111\u01b0\u1ee3c ph\u00e2n ra th\u00e0nh c\u00e1c b\u1eadc. M\u1ed7i b\u1eadc s\u1ebd \u0111\u1ea1i di\u1ec7n cho m\u1ed9t m\u1ee9c \u0111\u1ed9 r\u1ee7i ro v\u00e0 t\u1eeb \u0111\u00f3 x\u00e1c \u0111\u1ecbnh m\u1ee9c l\u00e3i su\u1ea5t s\u1ebd tr\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

M\u1ed9t ngh\u0129a v\u1ee5 n\u1ee3 tr\u00e1i phi\u1ebfu b\u1eadc cao s\u1ebd bao g\u1ed3m nh\u1eefng tr\u00e1i phi\u1ebfu ch\u1ea5t l\u01b0\u1ee3ng cao, r\u1ee7i ro th\u1ea5p v\u00e0 c\u0169ng tr\u1ea3 l\u00e3i su\u1ea5t th\u1ea5p. B\u1eadc trung th\u00ec s\u1ebd g\u1ed3m nh\u1eefng tr\u00e1i phi\u1ebfu c\u00f3 r\u1ee7i ro cao h\u01a1n v\u00e0 l\u00e3i su\u1ea5t tr\u1ea3 c\u0169ng cao h\u01a1n. B\u1eadc th\u1ea5p l\u00e0 nh\u1eefng tr\u00e1i phi\u1ebfu c\u00f3 ch\u1ea5t l\u01b0\u1ee3ng th\u1ea5p nh\u1ea5t v\u00e0 s\u1ebd \u0111\u01b0\u1ee3c nh\u1eadn t\u1ea5t c\u1ea3 kho\u1ea3n thanh to\u00e1n c\u00f2n l\u1ea1i sau khi chi tr\u1ea3 cho hai b\u1eadc kia. V\u00e0 b\u1edfi v\u00ec ngh\u0129a v\u1ee5 n\u1ee3 tr\u00e1i phi\u1ebfu b\u1eadc th\u1ea5p c\u00f3 r\u1ee7i ro cao n\u00ean nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i su\u1ea5t cao h\u01a1n.<\/p>\n

Vi\u1ec7c ch\u1ee9ng kho\u00e1n h\u00f3a \u0111\u1ec3 t\u1ea1o ra CBO<\/b>\u00a0l\u00e0 m\u1ed9t c\u00e1ch \u0111\u1ec3 chuy\u1ec3n nh\u1eefng tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 th\u00e0nh ch\u1ee9ng kho\u00e1n \u0111\u1ea7u t\u01b0. Do kh\u00f4ng h\u1eb3n tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 n\u00e0o c\u0169ng b\u1ecb v\u1ee1 n\u1ee3 n\u00ean r\u1ee7i ro c\u1ee7a ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p s\u1ebd th\u1ea5p h\u01a1n t\u1eebng c\u00e1 th\u1ec3 tr\u00e1i phi\u1ebfu c\u1ea5u th\u00e0nh n\u00f3. V\u00e0 v\u00ec th\u1ebf m\u00e0 ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p \u0111\u01b0\u1ee3c x\u1ebfp lo\u1ea1i \u0111\u1ea7u t\u01b0.<\/p>\n

S\u1ef1 h\u1ea5p d\u1eabn c\u1ee7a CBO<\/b> c\u00f2n n\u1eb1m \u1edf vi\u1ec7c gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n \u0111\u1ea3m b\u1ea3o cao h\u01a1n gi\u00e1 tr\u1ecb c\u1ee7a n\u00f3. Nh\u1edd \u0111\u00f3 m\u00e0 vi\u1ec7c b\u00e1n nh\u1eefng ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng cao c\u0169ng d\u1ec5 d\u00e0ng h\u01a1n do b\u00ean ph\u00e1t h\u00e0nh ph\u1ea3i \u0111\u1ea3m b\u1ea3o nhi\u1ec1u t\u00e0i s\u1ea3n cho n\u00f3 h\u01a1n \u0111\u1ec3 \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng cao. V\u00ec v\u1eady m\u00e0 cho d\u00f9 m\u1ed9t v\u00e0i tr\u00e1i phi\u1ebfu c\u1ea5u th\u00e0nh c\u00f3 b\u1ecb v\u1ee1 n\u1ee3 hay ch\u1eadm tri tr\u1ea3 th\u00ec vi\u1ec7c thanh to\u00e1n l\u00e3i su\u1ea5t c\u1ee7a ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p c\u0169ng \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o nh\u1edd v\u00e0o th\u1eb7ng d\u01b0 trong gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n \u0111\u1ea3m b\u1ea3o.<\/p>\n

CBO<\/b> gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfp c\u1eadn \u0111\u01b0\u1ee3c v\u1edbi kho\u1ea3n l\u1ee3i nhu\u1eadn cao t\u1eeb nh\u1eefng tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 v\u1edbi m\u1ee9c r\u1ee7i ro th\u1ea5p h\u01a1n. Ngo\u00e0i ra, n\u00f3 c\u00f2n l\u00e0 c\u00e1ch \u0111\u1ec3 nh\u1eefng b\u00ean \u0111ang n\u1eafm gi\u1eef qu\u00e1 nhi\u1ec1u tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1 c\u00f3 th\u1ec3 gi\u1ea3m b\u1edbt danh m\u1ee5c c\u1ee7a h\u1ecd b\u1eb1ng c\u00e1ch gom ch\u00fang l\u1ea1i th\u00e0nh ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p v\u00e0 b\u00e1n \u0111i.<\/p>\n

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

\n Ngh\u0129a v\u1ee5 tr\u00e1i phi\u1ebfu th\u1ebf ch\u1ea5p (ti\u1ebfng Anh: Collateralized bond obligation, vi\u1ebft t\u1eaft: CBO) l\u00e0 m\u1ed9t d\u1ea1ng tr\u00e1i phi\u1ebfu \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c b\u1ea3o \u0111\u1ea3m b\u1eb1ng m\u1ed9t r\u1ed5 tr\u00e1i phi\u1ebfu \u0111\u1ea7u c\u01a1.\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\/31308"}],"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=31308"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31308\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}