Bai 1 ThiTruongTCQT

7/25/2019 Bai 1 ThiTruongTCQT

1/15

Khoa Ti Chnh Doanh Nghip

TH TRNG TI CHINH QUC T


2/15

TH TRNG NGOI HI

Th trng ngoi hi cho php cc ng tin c

chuyninhmmcch tos thun tincho hot

ngthngmiqucthoccc giao dchti chnh.

(Foreign Exchange Market / FOREX / FX)


3/15

Thng mi v u t(trade and investment):

giao dch vt cht (physical trading)

Phng nga ri ro v u c(hedging and speculation):

giao dch v th (position trading)

15%

85%

Theo BIS (Bank o f Internat ional Sett lement)

Giao dch trn th trng ti chnh quc t


4/15

Ai s dng th trng FX ?

Nh mi gii

Doanh nghip

Ngn hng Thng mi

Qu u T Ngn hng TW

nh ch ti chnh khc

Ngn hng Thng mi

Qu u T

Ngn hng Thng mi

Qu u T

Ngn hng Thng mi

Ngn hng TWQu u T

Ngn hng Thng mi

Ngn hng TWQu u T

Ngn hng Thng mi

Doanh nghipNgn hng TWQu u T

Ngn hng Thng mi


Ngn hng Thng mi

Nh mi gii


Ngn hng Thng mi

Nh mi gii


Ngn hng Thng mi

nh ch ti chnh khcNh mi gii


Ngn hng Thng mi

nh ch ti chnh khcNh mi gii


Ngn hng Thng mi


5/15

SWIFT Code Currency

USD US Dollar (Greenback)

EUR Euro

JPY Japan Yen (Yen)GBP UK Sterling (Cable)

AUD Australia Dollar (Aussie)

CAD Canadian Dollar (Loonie)

VND Vietnam Dong

SWIFT (Society for Worldwide I nterbank F inancial

Telecommunications)

Global Foreign Exchange Markets


6/15


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Cc giao dch ngoi hi

PRIMARY

OPERATION

FUTURE

DERIVATIVE OPERATIONS

SPOT SWAP OPTION

OTC OTC OTC OTC OTC OTC OTC EXCHANGE

DERIVATIVE OPERATIONS

SPOT FORWARD SWAP OPTION

EXCHANGE

FOREX


8/15

TH TRNG NG TIN CHU U(Eurocurrency Market)

ong tien Chau Au (Eurocurrency) la ten goi chunge ch nhng ong tien lu hanh nhng nc khong

phai la nc phat hanh ra chung, no la mot dang the

he giong nh ong o la Chau Au (Eurodollar).


9/15

Th trng olaChau Au

Th trngong Euro

Th trng yenChau Au

Thtrngngoai

hoi

TH TRNGONG TIEN CHAU AU

Th trngnoi acua My

Th trngnoi a Chau Au

Th trngnoi a

cua Nhat

TH TRNG NG TIN CHU U


10/15

ong tien Chau Au (Eurocurrency) la ten goi chunge ch nhng ong tien lu hanh nhng nc khong

phai la nc phat hanh ra chung, no la mot dang the

he giong nh ong o la Chau Au (Eurodollar).



11/15

Th trng ong tien Chau Au bao gom nhieu ngan

hang ln (thng c goi la ngan hang Chau Au)chap nhan cac khoan tien gi va cho vay bang nhieu

ong tien khac nhau.

Cac giao dch tren th trng ong tien Chau Au thng

la cac khoan tien gi hoac cho vay ln, thong thngla khoan 1 trieu o la My hoac hn.



12/15

TH TRNG TN DUNG CHAU AU(Eurocredit Market)

Cac khoan n vay co thi han ln hn hoac bang mot namthc hien bi cac ngan hang Chau Au oi vi cac MNChoac cac c quan cua chnh phu thng c goi la cac

khoan tn dung Chau Au hoac khoan vay tn dung Chau

Au (Eurocredit).

Th trng tn dung Chau Au la ni cung cap cac khoan tndung Chau Au.


13/15

Cac khoan tn dung Chau Au co lai suat c c tha noimot cach phu hp vi cac lai suat tren mot so th trng,chang han nh lai suat LIBOR.

V du, mot khoan tn dung Chau Au co mc lai vay c ieuchnh moi sau thang va c ghi nhan la LIBOR + 3%.

TH TRNG TN DUNG CHAU AU


14/15

TH TRNG TRAI PHIEU CHAU AU(Eurobond Market)

Trai phieu quoc te c phan loai mot cach c ban thanhtrai phieu nc ngoaiva trai phieu Chau Au.Trai phieu nc ngoai(foreign bond) c phat hanh bi

nhng ngi i vay nc ngoai tren th trng ma trai phieuo c ban (traiphiu yankee, bulldog, samurai, arirang).

Trai phieu Chau Auban nhng nc khac vi nc coong tien nh danh trai phieu o (traiphiu shogun)

Trai phieu Chau Au c bao lanh phat hanh bi motnhom cac ngan hang au t a quoc gia va dien ra cung

mot luc nhieu nc khac nhau.


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TH TRNG CHNG KHOAN QUOC TE(International Stock Markets)

Cac MNC co the thu hut cac nha au t nc ngoai bang

cach phat hanh co phieu ra th trng quoc te.

Nhng co phieu quoc te thng co xu hng ban ra th

trng nc ngoai hn khi cac MNC co hnh anh toan cau.Tuy nhien, cac MNC t noi tieng hn cung co the phat hanh

co phieu ra th trng nc ngoai e xay dng mot hnh

anh toan cau.

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