{"id":31358,"date":"2023-12-07T10:34:28","date_gmt":"2023-12-07T10:34:28","guid":{"rendered":"https:\/\/masterskills.org\/blog\/hop-dong-hoan-doi-tai-san-asset-swap-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T08:01:33","modified_gmt":"2023-12-23T01:01:33","slug":"hop-dong-hoan-doi-tai-san-asset-swap-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/hop-dong-hoan-doi-tai-san-asset-swap-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n (Asset Swap) 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: Bbva.com<\/p>\n<\/div>\n<\/div>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n<\/font><\/h2>\n

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

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 asset swap<\/b>.<\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n<\/b> c\u00f3 c\u1ea5u tr\u00fac gi\u1ed1ng h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t gi\u1ea3n \u0111\u01a1n Plain Vanilla nh\u01b0ng v\u1edbi kh\u00e1c bi\u1ec7t ch\u00ednh n\u1eb1m \u1edf t\u00e0i s\u1ea3n c\u01a1 s\u1edf c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i. Trong \u0111\u00f3, thay v\u00ec ho\u00e1n \u0111\u1ed5i m\u1ed9t l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh ho\u1eb7c th\u1ea3 n\u1ed5i th\u00ec m\u1ed9t t\u00e0i s\u1ea3n c\u1ed1 \u0111\u1ecbnh ho\u1eb7c th\u1ea3 n\u1ed5i s\u1ebd \u0111\u01b0\u1ee3c ho\u00e1n \u0111\u1ed5i.<\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n<\/b>\u00a0l\u00e0 m\u1ed9t d\u1ea1ng h\u1ee3p \u0111\u1ed3ng ph\u00e1i sinh m\u00e0 hai b\u00ean tham gia s\u1ebd trao \u0111\u1ed5i c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh v\u1edbi nhau. C\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh n\u00e0y c\u00f3 th\u1ec3 l\u00e0 b\u1ea5t c\u1ee9 th\u1ee9 g\u00ec, tuy nhi\u00ean \u0111a s\u1ed1 c\u00e1c h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i th\u01b0\u1eddng li\u00ean quan \u0111\u1ebfn d\u00f2ng ti\u1ec1n \u0111\u01b0\u1ee3c t\u00ednh tr\u00ean c\u01a1 s\u1edf v\u1ed1n g\u1ed1c gi\u1ea3 \u0111\u1ecbnh \u0111\u01b0\u1ee3c hai b\u00ean \u0111\u1ed3ng \u00fd. V\u00e0 nh\u01b0 t\u00ean g\u1ecdi c\u1ee7a m\u00ecnh, h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n s\u1ebd s\u1eed d\u1ee5ng t\u00e0i s\u1ea3n thay v\u00ec d\u00f2ng ti\u1ec1n.<\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i kh\u00f4ng \u0111\u01b0\u1ee3c giao d\u1ecbch tr\u00ean c\u00e1c s\u00e0n, v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb th\u01b0\u1eddng kh\u00f4ng ti\u1ebfp c\u1eadn \u0111\u01b0\u1ee3c v\u1edbi h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i. Thay v\u00e0o \u0111\u00f3, ch\u00fang \u0111\u01b0\u1ee3c giao d\u1ecbch qua k\u00eanh OTC gi\u1eefa c\u00e1c doanh nghi\u1ec7p v\u1edbi c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n<\/font><\/h3>\n

D\u00f9 \u0111\u01b0\u1ee3c d\u00f9ng cho m\u1ee5c \u0111\u00edch ph\u00f2ng ng\u1eeba r\u1ee7i ro l\u00e3i su\u1ea5t hay r\u1ee7i ro thanh to\u00e1n, th\u00ec h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i<\/b> c\u0169ng ph\u1ea3i th\u1ef1c hi\u1ec7n hai giao d\u1ecbch t\u00e1ch bi\u1ec7t.<\/p>\n

\u0110\u1ea7u ti\u00ean, ng\u01b0\u1eddi mua h\u1ee3p \u0111\u1ed3ng mua tr\u00e1i phi\u1ebfu t\u1eeb ng\u01b0\u1eddi b\u00e1n h\u1ee3p \u0111\u1ed3ng b\u1eb1ng m\u1ec7nh gi\u00e1 c\u1ed9ng v\u1edbi l\u00e3i su\u1ea5t d\u1ed3n t\u00edch (\u0111\u00e2y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 gi\u00e1 b\u1ea9n).<\/p>\n

Ti\u1ebfp theo, hai b\u00ean s\u1ebd k\u00ed m\u1ed9t th\u1ecfa thu\u1eadn trong \u0111\u00f3 ng\u01b0\u1eddi mua \u0111\u1ed3ng \u00fd tr\u1ea3 l\u00e3i su\u1ea5t coupon<\/b>\u00a0cho ng\u01b0\u1eddi b\u00e1n b\u1eb1ng v\u1edbi l\u00e3i su\u1ea5t \u0111\u01b0\u1ee3c nh\u1eadn t\u1eeb tr\u00e1i phi\u1ebfu. \u0110\u1ed5i l\u1ea1i ng\u01b0\u1eddi mua s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c nh\u1eefng l\u00e3i su\u00e2t th\u1ea3 n\u1ed5i<\/b> b\u1eb1ng v\u1edbi l\u00e3i su\u1ea5t li\u00ean ng\u00e2n h\u00e0ng c\u1ed9ng (ho\u1eb7c tr\u1eeb) m\u1ed9t kho\u1ea3n ch\u00eanh l\u1ec7ch c\u1ed1 \u0111\u1ecbnh theo cam k\u1ebft. Ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i ch\u00ednh l\u00e0 ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/p>\n

C\u01a1 c\u1ea5u ho\u1ea1t \u0111\u1ed9ng l\u00e0 gi\u00fap cho ng\u01b0\u1eddi mua ph\u00f2ng ng\u1eeba r\u1ee7i ro thanh to\u00e1n c\u0169ng nh\u01b0 nh\u1eefng r\u1ee7i ro ng\u1eabu nhi\u00ean kh\u00e1c. Trong giao d\u1ecbch n\u00e0y, ng\u01b0\u1eddi mua mua s\u1ef1 \u0111\u1ea3m b\u1ea3o v\u00e0 ng\u01b0\u1eddi b\u00e1n b\u00e1n s\u1ef1 \u0111\u1ea3m b\u1ea3o \u0111\u1ea5y.<\/p>\n

Nh\u01b0 v\u1eady, ng\u01b0\u1eddi b\u00e1n s\u1ebd cam k\u1ebft tr\u1ea3 ng\u01b0\u1eddi mua m\u1ed9t l\u00e3i su\u00e2t th\u1ea3 n\u1ed5i b\u1eb1ng l\u00e3i su\u1ea5t li\u00ean ng\u00e2n h\u00e0ng c\u1ed9ng (ho\u1eb7c tr\u1eeb) m\u1ed9t kho\u1ea3n ch\u00eanh l\u1ec7ch theo th\u1ecfa thu\u1eadn \u0111\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c d\u00f2ng ti\u1ec1n \u0111\u1ebfn t\u1eeb lo\u1ea1i tr\u00e1i phi\u1ebfu r\u1ee7i ro \u1ea5y (tr\u00e1i phi\u1ebfu s\u1ebd kh\u00f4ng sang tay). Trong tr\u01b0\u1eddng h\u1ee3p v\u1ee1 n\u1ee3, ng\u01b0\u1eddi mua v\u1eabn ti\u1ebfp t\u1ee5c nh\u1eadn \u0111\u01b0\u1ee3c kho\u1ea3n thanh to\u00e1n t\u1eeb ng\u01b0\u1eddi b\u00e1n. Theo c\u00e1ch n\u00e0y, ng\u01b0\u1eddi mua h\u1ee3p \u0111\u1ed3ng \u0111\u00e3 bi\u1ebfn \u0111\u1ed5i c\u01a1 c\u1ea5u r\u1ee7i ro ban \u0111\u1ea7u b\u1eb1ng c\u00e1ch thay \u0111\u1ed5i l\u00e3i su\u1ea5t v\u00e0 r\u1ee7i ro t\u00edn d\u1ee5ng.<\/p>\n

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

\n H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i t\u00e0i s\u1ea3n (ti\u1ebfng Anh: Asset swap) c\u00f3 c\u1ea5u tr\u00fac gi\u1ed1ng h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t gi\u1ea3n \u0111\u01a1n Plain Vanilla nh\u01b0ng v\u1edbi kh\u00e1c bi\u1ec7t ch\u00ednh n\u1eb1m \u1edf t\u00e0i s\u1ea3n c\u01a1 s\u1edf c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i.\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\/31358"}],"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=31358"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31358\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}