BFL - waxaa ... OFZ: Qeexidda, heerka suuqa

Ruush Wasaaradda siyaasadda maaliyadda waa in la kordhiyo mudada amaahda lacag u amaahannay. The hawlaha hay'adaha gobolka loogu talagalay ballaadhinta liiska oo ah alaabta maaliyadeed taasi oo ka kaas oo amaahda la sameeyay. Iyadoo qayb ka ah siyaasadda this 1995, bishii June, way qabsadeen OFZ meel. Tani federaalka bonds amaah, laakiin la kuuban variable.

Waa maxay BFL?

bonds amaah Federaalka, ama OFZ - waa mid ka mid ah noocyada of securities ee Russia, kaas oo la soo saaray Wasaaradda Maaliyadda. Dhab ahaantii, bonds leeyihiin qaab caadi ah, waxay kasoo muuqdo kaliya ee xaqiiqda ah in kalsoonida securities ay bixiyaan State laftiisa. ganacsiga hantida waxaa lagu sameeyaa on stock exchange Moscow ee. iibsashada bonds lagu fulin karaa iyada oo loo marayo Somailand kasta. Iibso oo dhaaraheedii ay OFZ dukaanka yihiin dadka deegaanka Ruush, iyo muwaadiniinta shisheeye. Price per mid bond waa 1000 rubles. Iyadoo ku xiran size of warqada waxaa lagu go'aamiyaa ay dhalidda, dhigma barnaamijyada deposit casriga ah. Ujeedada ugu weyn ee securities waa in uu soo jiito caasimada miisaaniyada ee dalka.

Marxaladda xigta ee horumarinta suuqa

The heshiisyo OFZ Ruush gaar ah la Wasaaradda Maaliyadda. Dhab ahaantii, tani bond, heer sare ah halaynta kaas oo hubinaya in gobolka Ruush. Trades OFZ qabtay qaabka guud ee stock exchange Moscow ee. Hantida laga iibsan karaa iyada oo loo marayo Somailand kasta. Iibsada iyo heystana OFZ noqon kartaa Ruush ah iyo kuwa shisheeye hay'adaha sharciga ah iyo shaqsiyaadka. Per bond iibsada siin 1000 rubles. qalab ganacsi dhalidda dhigma dhalidda ee dhigaalka Baanka. Issue bonds cusboonaysiiyey 1995 calaamadeeyay stage of horumarinta suuqa, marka ay diyaar u tahay inay aqbasho alaabtii deynta la duration ka mid ah in ka badan hal sano waa. Waxey sidoo kale ka faa'iiday waayo-aragnimo ah si ay u shaqeeyaan qalab cusub oo casri ah. Shuruucda iyo saldhig farsamada la diyaariyay si dhakhso ah. In dhinaca farsamada ee meelaynta bonds, ay wareegga iyo madaxfurashada, waa geedi socodka la mid ah oo ku lug leh T-biilasha.

Bonds la coupon variable nooca dakhliga

BFL - taasi waa mid ka mid ah noocyada kala duwan ee securities in lagu heli karaa qaabab dhowr ah. warqad Popular la nooc ah oo aan la garaneyn ee coupon variable (OFZ-PK). Documents siin milkiilayaasha ay waqtiga saxda ah si aad u hesho dakhli danta waqti ka waqti. Inta jeer ee lacagaha noqon karaan laba ama afar jeer sanadka gudihiisa. Cabbirka kasta oo ka mid ah rasiidh BFL-PC ayaa isla markiiba ku hor akhriyin muddada bilowga ah ee coupon ah, waxay ku xiran tahay in la sii daayo hadda GKO in gebi ahaanba waa rasiidh isku xilliga lacag bixinta. Oggol yahay si aad u hesho sicir-dhimista, haddii silsilado amaah federaalka (OFZ) waa kharashka meelaynta ee suuqa hoose ama sare, wax ka yar qiimaha ay bixinta, oo ay ku jirto qiimaha wejiga. BFL - waa securities la qiimo ah par 1,000 rubles, kuligeed ah 1 sano ilaa 5 sano.

OFZ-XPIEIV, OFZ-FD iyo OFZ-AD: fikradda guud

OFZ-AD, XPIEIV iyo OFZ OFZ-XPIEIV - waa bonds in waxaa loo kala saaraa securities leh faa'iido coupon qaarkood. Cabirka securities dhawaaqay by Identification ka hor taariikhda ay arrintan oo heysata ay xaq u leedahay in aad hesho dakhliga dulsaarka caadiga ah. Sida qaybta hore ee bonds, waxay ku lug leedahay helitaanka dhimis on marka la eego isku mid. Iyada oo ku xidhan nooca hantida, muddada daawaynta kala duwanaan karaan laga bilaabo 1 sano ilaa 30 sano. Magaceed, marka laga reebo OFZ-FD waa loo siman yahay si ay u 1000 rubles. Waayo, XPIEIV heshaan kala duwanaan karaa 10 ilaa 1000 rubles. warshadu hawada waa nooc documentary. Kaydinta hantida warbaahinta print waxay shardi u tahay in ay bixinta mustaqbalka.

Tilmaamaha sii daayo

Waayo, arin kasta la xidho waxa lagu gartaa joogitaanka code gobolka diiwaangelinta, taas oo la mid ah in qaab-dhismeedka si code of T-biilasha. marka laga reebo kaliya waa lambar labaad, taasoo muujinaysa nooca ammaanka. arin kasta ee dhalidda OFZ taas oo u dhiganta inta badan barnaamijyada deposit, Ulasocto sii daayo shahaado caalami ah soo gudbiyaa laba koobi, kaas oo ay ku kaydsan yihiin in depository ee Wasaaradda Maaliyadda. dakhliga iibiyay - waa farqiga ugu weyn ee ka bonds GKO.

suuqa OFZ heerka a coupon sabayn

meelaynta OFZ ee sabayn heerka suuqa stock Ruush ahayd caddeynta la ballaariyo baaxadda daynta la variable dulsaarka. horumar degdeg The afkoda ka xaqiiqda ah in dhammaan bonds noocan ah ee dunida siiyaan fursad si loo yareeyo khatarta dulsaarka, taas oo sabab u noqon kara isbedbedelka weyn ee dulsaarka, caadiga ah ee maal-gashiga muddo dheer. Gaari kara yaraynta suuraggalnimada khasaaraha Maal, oo ka cabsi qaba in ay u kordhay, iyo amaahdaana oo aan rabin in ay iyaga la yareeyo.

adduunka ee 1996 bonds heerka a variable qabsadeen oo ku saabsan 46% ka mid ah suuqa. In Russia, ay caanka ah ee OFZ-XPIEIV korayo. Tani waxay soo jeedinaysaa in suuqa ku xiran yahay isbeddel asaasi ah. dakhliga iibiyay noqdo cad ma aha oo kaliya waqtiga lacag bixinta, laakiin sidoo kale in la soo gabagabeyn heshiisyada suuqa sare. By galo macaamil, helana waa in aan bixiyo oo keliya qiimaha wejiga ka mid ah curaarta, waa inuu bixiyaa dhalidda iibiyay, taas waa in dhigma waqti deganaansho ee hantida ka soo iibiyaha ah. Sida dhammaan securities, OFZ-PK waxaa la iska qaadaa iyadoo la raacayo sharciga.

Ka qeyb qaadashada maal-gashadayaasha ajnabiga ah ee suuqa debaajiga

suuqa GKO-OFZ u furan yahay maal-gashadayaasha ajnabiga. Gudoomiyayaasha Wasaaradda Maaliyadda iyo wakiillo ka socda Bangiga Dhexe kordhay fursadaha kapitalovkladchikov galbeedka jihada of maalgashiga securities qoyska. qeybta gudaha ka qaybgalayaasha suuqa shisheeye waa soo jiidasho leh sabab ah in iibka ah ee securities, ansaxnimada oo ka badan hal sano, ayaa heysta yabooha qaar ka mid ah. Sayidka, xisaabinta oo ka mid ah hantida ka heleen la fulin karo in rubles, oo si toos ah uga account maalgelinta. Waxaa ka furmay macquul ah ee diinta ka sii dakhliga Ruble in lacagaha shisheeye u samaynta faa'iidada, siday u kala horreeyaan. GKO-OFZ - fursad aad u weyn in ay si buuxda u gagadinnaa halista in faylalka maalgelinta. Marka marxaladdan ee formation of ganacsada suuqa iyo maal si ay u siiyaan awood u leh inay ma aha oo kaliya, laakiin sidoo kale kuteen xawaalad arbitrage.

suuqa bond Rate

heerka suuqa OFZ go'an yihiin iyo variable. heerka Joogtada ah ama go'an ayaa lagu wadaa muddo kasta coupon arrinta kasta oo gaar ah. Heerka doorsoome waxaa la aasaasay oo ku saleysan xogta rasmiga ah ku tilmaamay heerka sicir-bararka. Heerka OFZ badan ku xiran tahay heerka muhiimka ah ee Bangiga Dhexe. Farqiga u dhexeeya tirooyinka waa wax yar uun dhibcood. Ka dib markii guga ee yaraynta heerka ka hooseeya 13%, ka qaybgalayaasha suuqa sii wadaan in ay ka filayaan hoos u dhac. Tani waa caddaynta ku baahida yar u deyn. Sidaas daraaddeed, in April xaraashka dhigaalka ee wadarta 110 billion rubles at heerka of 12.5% ahaa awoodaan in ay ka qaybgalaan oo dhan 75 bilyan oo heer ah 13.02%. Sida bonds, suuqa ayaa la aasaasay ay dhalidda ee 10,72%. Dalabka waa saddex jeer ka badan sahayda laga heli karo. Ma Povljana xaaladda daboolay ah channels dhaqaale ee isgaarsiinta iyadoo ay sabab u cunaqabatayn by Europe. maal-Western heerka xiiso, sii wadaan in ay si firfircoon uga qeyb xaraashka.

Maxay yihiin qorshayaasha dowladda Ruush?

Waayo, suuqa OFZ dowladda Ruush - tani waa fursad weyn in ay xirto amaahda by hoos u dhaca miisaaniyada. Waxaa la qorsheeyey in ay soo saaraan securities in cadadka 250 billion rubles, iyadoo mugga saafiga ah jiidashada of 112 billion rubles. Ilaa hadda, tan iyo bilowgii sanadka waxaa horay loo ogaaday in xaddiga 93.3 billion rubles silsilado la mugga saafiga ah oo soo jiitay in ka jaray 12.9 billion rubles. Ka mid ah mugga qiyaasay oo ka mid ah securities hantida of 150 billion rubles noqon doonaa ilaa shan sano, 80 billion rubles ayaa la qorsheeyey in ay sii daayaan warqada la dheer ah 5 ilaa 10 sano. Wadar ah 20 billion rubles la soo saari doonaa securities, la wareeg muddo ka badan 10 sano. Inta badan securities ee mustaqbalka uu noqon doono heerka sabayn. Sida laga soo xigtay khubaro, silsiladihii March soo saaray Bangiga Dhexe ee Ruushka, aad duldhigay, oo arrintan la xiriira, oo dhan waxey la filayaa inay yareeyaan qiimaha dhammaadka guga. Cadaadiska xukuma on bonds sii wadaan in ay Ruble daciifaan.