Chii tranches? Terms of zvitengeswa

Tranche (tranche) rinoshandurwa kubva French zvinoreva mugove kana mugove kuchengetedzeka, zvisungo vane issuance chinoenda kuvandudza pamusika ezvinhu.

Chii tranches?

Tichifunga chaiyo kushandiswa chiridzwa kunogona conventionally delimit kukura kwayo sezvinotevera:

1. Bhizimisi uye pamusika wemari.
2. Kukweretesa masangano pamwe mabhanga.
3. Urongwa States tranches of IMF.

Kunzwisisa shoko "tranche" anofanira kuuya kubva pamusoro kusarurana, uye nzira rubatsiro rwemari. Chii tranches mu bhizimisi? Izvi nyaya kuchengetedzeka (CB) pamwe chete ezvinhu, zvisinei kana chikamu zvachose goho inoshandiswa. Ndizvo chikamu Central Bank makapiwa zvishoma nezvishoma, kana anokwereta kutengeserana ezvinhu ave akasangana tichitarisa kuripwa nyaya yokutanga.

Chii tranches mu kukweretesa? The Bank anogadza mitemo nyaya mari sangano mukwereti (chikwereti mutsetse), uye mukati kukamurwa uku anomupa zvakafanira kuwanda. In sangano iri, anokwereta anekodzero kushandisa idzva mugove chikwereti ari kudiwa, kana zvose nokubatira kubhadhara chikwereti rwaiitwa pashure wokutanga tranching.

Chii tranches reInternational Monetary Fund (IMF)? Vane kungofanana kadhi mutsetse kuti makambani, kunze mamiriro ezvinhu zvikunde kwavo. Sezvo kutonga, IMF anokwirira chaizvo zvinodiwa, asiri zvaidiwa iyo nyika inogona kusiya pasina mari. IMF zvinodiwa angava rezvematongerwo enyika uye zvoupfumi hunhu.

Credit tranche uye ezvinhu

Chii chikwereti yakavamba, pamusoro apa. pfungwa "chikwereti mutsetse" rinowanzoshandiswa kuwanikwa, inova akafanana pamusoro apa rokuremekedza. Sezvo chikamu chibvumirano pakati kubhengi uye anokwereta vari waiti ose ezvinhu uye mutsividzo kwemutongo mutsetse. Ainyanya Gwaro rino rakazvipira tikadzivisa extradition. Kwazvo magadzirirwo muganhu chibvumirano zvisingaiti tranching. Asi, bhengi anogona kumanikidza zvimwe pauwandu hweavo (anenge 0.5% pagore, zvichienderana zvinoverengeka pamusoro) kuti tsva mugove chikwereti mwero zvinoreva. Saka, bhengi kunokurudzira anokwereta kutora zvizere nourongwa zvikwereti.

Mamiriro ezvinhu pasi zvakabuda tranche dziri pasi apa.

1. Dzosera maererano muripo papurogiramu.
2. Accrual afarire chikwereti zvivako.
3. Solvency wekambani kana mamwe rubatso nokuda chikwereti ari muchimiro yayo zvinobatsira yesangano iri anokwereta.

Tranches mu anomukweretesa

Chii urongwa ane tranche pasi pasi chikwereti chibvumirano? Kuti tinzwisise mubvunzo uyu kumbonyanya nyore kana iwe musakanganwa zvinoreva shoko tranche. Recall kubva French zvinoreva "mugove". Saka, urongwa tranche - inyaya mugove mari mukati miganho nokuda anokwereta.

Mumwe tranche anogona ipiwe nokuva chikumbiro mukwereti mumazuva izwi chesungano, uye zvakajeka nguva puranga. Vose nuances ose kutengeserana vakanyorwa zviri chikwereti chibvumirano. Anokwereta vanosungirwa mitoro yavo nguva uye zvakakwana. A akakweretesa, zvinozoita - kugovera pamusoro-kudiwa sangano tranche yacho nokukwereta.

Zvakanakira kadhi mutsetse

Kusiyana mureza pamahombekombe achivaratidza kuti chikwereti, dzinza zvikwereti zvakawanda anokwezva pamusoro anokwereta, uyewo kuti zvemari masangano. The chikuru zvakanakira tranching pasi chikwereti chivako ndeinotevera.

1. Unlimited uwandu tranches. Akadzokorora kushandiswa chikwereti mari. The chikwereti mutsetse angava mumwe muganhu renewable uye non-renewable rokuparadzira. Mune musiyano pakati chikwereti sangano wechipiri unogona kushandisa tranches zvakawanda, asi yaipedzerwa havagoni kusapfuudza yamunenge muganhu. Kana mutsara mbiri renewable, ipapo chemhosva nokuda tranches akatorwa anokwereta anogona kurishandisa zvakare. Somuenzaniso, muganhu pamusoro nechikwereti wokurarama mutsetse miriyoni remadhora ose. Anokwereta aiti nokuti tranche kuti $ 300 000 okutanga, akaripira panzvimbo chibvumirano (2 months) nguva, saka vaifanira zvinogona kuzodzosera kushandisa miriyoni remadhora. Uye kune vasiri wokurarama chikwereti mutsetse zvichitevera shoma mugove chikwereti nokuti kungaguma chete 700 000 emadhora.
2. Kufarira nokuti kushandiswa tranche angachajwa munzira dzakasiyana - zvinogona mwero, kuti ndee pasinei muganhu akagovera nguva chesungano. Kana vave zvakananga mashoko mhosva. The Bank chatingapiwa anokwereta akasiyana-siyana ezvinhu accrual afarire nerimwe tranche. Kufarira Chero zvazvingava, akapiwa chete mari ukapisa (tranche).
3. Zvikwereti nyora-kure kuchiitika kwaita paunopiwa mari kuti nhoroondo sangano, chiri nyore zvikuru sezvo kuponesawo nguva.