{"id":75200,"date":"2020-11-22T11:33:59","date_gmt":"2020-11-22T11:33:59","guid":{"rendered":"https:\/\/www.zfx.com\/?post_type=academy&p=75200"},"modified":"2022-09-15T07:19:30","modified_gmt":"2022-09-15T07:19:30","slug":"3-giao-dich-giao-ngay-otc-va-giao-dich-tuong-lai-la-gi","status":"publish","type":"academy","link":"https:\/\/www.zfxvn.com\/vi\/academy\/3-giao-dich-giao-ngay-otc-va-giao-dich-tuong-lai-la-gi\/","title":{"rendered":"Giao d\u1ecbch giao ngay (OTC) v\u00e0 giao d\u1ecbch t\u01b0\u01a1ng lai l\u00e0 g\u00ec?"},"content":{"rendered":"

Giao d\u1ecbch giao ngay l\u00e0 g\u00ec?<\/h2>\n

Giao d\u1ecbch giao ngay l\u00e0 c\u00e1c giao d\u1ecbch di\u1ec5n ra tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng giao ngay, n\u01a1i ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n c\u1ea7n giao h\u00e0ng h\u00f3a ngay l\u1eadp t\u1ee9c ho\u1eb7c trong m\u1ed9t v\u00e0i ng\u00e0y sau khi \u0111\u00f3ng giao d\u1ecbch.<\/p>\n

T\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh ph\u00e1t tri\u1ec3n, h\u1ea7u h\u1ebft c\u00e1c giao d\u1ecbch thu\u1ed9c ph\u01b0\u01a1ng th\u1ee9c n\u00e0y th\u01b0\u1eddng th\u1ef1c hi\u1ec7n ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n g\u1ecdi l\u00e0 \u201cT+2\u201d. V\u00ed d\u1ee5, giao d\u1ecbch c\u1ed5 phi\u1ebfu h\u1ea7u h\u1ebft \u0111\u01b0\u1ee3c x\u1eed l\u00fd trong 2 ng\u00e0y sau khi giao d\u1ecbch. Tuy nhi\u00ean, giao d\u1ecbch giao ngay kh\u00f4ng nh\u1ea5t thi\u1ebft ph\u1ea3i di\u1ec5n ra trong m\u1ed9t th\u1eddi gian v\u00e0 \u0111\u1ecba \u0111i\u1ec3m c\u1ee5 th\u1ec3, v\u00e0 c\u00e1c giao d\u1ecbch ph\u00e1t sinh \u1edf th\u1ecb tr\u01b0\u1eddng phi t\u1eadp trung c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 OTC<\/a> (Over-the-Counter – giao d\u1ecbch t\u1ea1i qu\u1ea7y). Giao d\u1ecbch OTC l\u00e0 m\u1ed9t giao d\u1ecbch trong \u0111\u00f3 ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n th\u01b0\u01a1ng l\u01b0\u1ee3ng m\u00e0 kh\u00f4ng th\u00f4ng qua s\u00e0n giao d\u1ecbch hay b\u1ea5t k\u1ef3 trung gian n\u00e0o kh\u00e1c. Giao d\u1ecbch OTC kh\u00f4ng c\u1ea7n thi\u1ebft ph\u1ea3i \u0111\u01b0\u1ee3c x\u1eed l\u00fd th\u00f4ng qua s\u00e0n giao d\u1ecbch trung t\u00e2m nh\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. M\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh cho OTC l\u00e0 th\u1ecb tr\u01b0\u1eddng V\u00e0ng giao ngay.<\/p>\n

N\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, giao d\u1ecbch giao ngay l\u00e0 c\u00e1ch giao d\u1ecbch truy\u1ec1n th\u1ed1ng v\u00e0 tr\u1ef1c ti\u1ebfp nh\u1ea5t, gi\u1ed1ng nh\u01b0 nh\u1eefng g\u00ec di\u1ec5n ra \u1edf c\u00e1c ch\u1ee3 \u1edf Ph\u01b0\u01a1ng \u0110\u00f4ng hay khu ch\u1ee3 \u1edf c\u00e1c n\u01b0\u1edbc H\u1ed3i Gi\u00e1o.<\/p>\n

Xem th\u00eam: Th\u1ecb tr\u01b0\u1eddng OTC l\u00e0 g\u00ec?\u00a0<\/a><\/em><\/p>\n

V\u1eady, giao d\u1ecbch t\u01b0\u01a1ng lai l\u00e0 g\u00ec? <\/strong><\/h2>\n

Giao d\u1ecbch t\u01b0\u01a1ng lai l\u00e0 m\u1ed9t b\u1ea3n sao c\u1ee7a giao d\u1ecbch giao ngay, giao d\u1ecbch t\u01b0\u01a1ng lai c\u0169ng \u0111\u01b0\u1ee3c ph\u00e1t tri\u1ec3n d\u1ef1a tr\u00ean c\u01a1 s\u1edf c\u1ee7a giao d\u1ecbch giao ngay. Giao d\u1ecbch \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 t\u01b0\u01a1ng lai v\u00ec ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n \u0111\u1ed3ng \u00fd mua v\u00e0 b\u00e1n m\u1ed9t t\u00e0i s\u1ea3n hay h\u00e0ng h\u00f3a nh\u1ea5t \u0111\u1ecbnh v\u1edbi s\u1ed1 l\u01b0\u1ee3ng v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng c\u1ee5 th\u1ec3 t\u1ea1i th\u1eddi gian v\u00e0 \u0111\u1ecba \u0111i\u1ec3m nh\u1ea5t \u0111\u1ecbnh trong t\u01b0\u01a1ng lai theo c\u00e1c \u0111i\u1ec1u kho\u1ea3n h\u1ee3p \u0111\u1ed3ng v\u00e0 gi\u00e1 c\u1ea3 giao d\u1ecbch.<\/p>\n

H\u1ea7u h\u1ebft nh\u1eefng ng\u01b0\u1eddi tham gia \u0111\u1ea7u ti\u00ean tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai l\u00e0 c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t, c\u00e1c nh\u00e0 b\u00e1n bu\u00f4n, b\u00e1n l\u1ebb m\u1ed9t s\u1ed1 h\u00e0ng h\u00f3a nh\u1ea5t \u0111\u1ecbnh. C\u00e1c giao d\u1ecbch b\u1eaft ngu\u1ed3n t\u1eeb th\u1ecb tr\u01b0\u1eddng g\u1ea1o \u1edf Nh\u1eadt B\u1ea3n v\u00e0o th\u1ebf k\u1ef7 16 v\u00e0 sau \u0111\u00f3 lan r\u1ed9ng ra kh\u1eafp th\u1ebf gi\u1edbi. Do kh\u00f4ng th\u1ec3 ki\u1ec3m so\u00e1t \u0111\u01b0\u1ee3c ngu\u1ed3n cung h\u00e0ng h\u00f3a (bao g\u1ed3m c\u00e1c y\u1ebfu t\u1ed1 con ng\u01b0\u1eddi, t\u1ef1 nhi\u00ean, m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf\u2026), gi\u00e1 c\u1ea3 h\u00e0ng h\u00f3a d\u1ec5 bi\u1ebfn \u0111\u1ed9ng. Ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n h\u00e0ng h\u00f3a \u0111\u1ec1u mu\u1ed1n ch\u1ed1t gi\u00e1 c\u1ea3 trong t\u01b0\u01a1ng lai nh\u01b0 m\u1ed9t c\u00e1ch ph\u00f2ng ng\u1eeba l\u1ea1i nh\u1eefng bi\u1ebfn \u0111\u1ed9ng trong t\u01b0\u01a1ng lai, \u0111\u00f3 l\u00e0 \u00fd t\u01b0\u1edfng ban \u0111\u1ea7u c\u1ee7a giao d\u1ecbch t\u01b0\u01a1ng lai.<\/p>\n

Th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai kh\u00f4ng ch\u1ec9 t\u1ea1o thu\u1eadn l\u1ee3i cho vi\u1ec7c kinh doanh c\u1ee7a c\u00e1c b\u00ean li\u00ean quan, m\u00e0 c\u00f2n c\u00e2n b\u1eb1ng m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3 gi\u1eefa c\u1ea7u v\u00e0 cung b\u1ea5t \u1ed5n tr\u00ean th\u1ecb tr\u01b0\u1eddng, t\u1eeb \u0111\u00f3 \u0111\u1ec3 ph\u00f2ng tr\u00e1nh thua l\u1ed7 kh\u00f4ng c\u1ea7n thi\u1ebft cho ng\u01b0\u1eddi mua hay ng\u01b0\u1eddi b\u00e1n do gi\u00e1 c\u1ea3 bi\u1ebfn \u0111\u1ed9ng.<\/p>\n

\u00a0<\/span><\/p>\n

V\u00ed d\u1ee5 giao d\u1ecbch gi\u1eefa hai th\u1ecb tr\u01b0\u1eddng giao ngay v\u00e0 th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai<\/strong><\/h2>\n

Giao d\u1ecbch ph\u00f2ng ng\u1eeba r\u1ee7i ro (hedge)\/ch\u00eanh l\u1ec7ch gi\u00e1 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n gi\u1eefa th\u1ecb tr\u01b0\u1eddng giao ngay v\u00e0 th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai.<\/p>\n

V\u00ed d\u1ee5: nh\u00e0 bu\u00f4n A n\u1eafm gi\u1eef m\u1ed9t l\u01b0\u1ee3ng l\u1edbn euro v\u00e0 kh\u00f4ng c\u00f3 d\u1ef1 \u0111\u1ecbnh s\u1eed d\u1ee5ng ch\u00fang trong m\u1ed9t n\u0103m. N\u1ebfu t\u1ef7 gi\u00e1 giao ngay EUR\/USD l\u00e0 1.3 v\u00e0 gi\u00e1 t\u01b0\u01a1ng lai l\u00e0 1.28 sau 12 th\u00e1ng, nh\u00e0 bu\u00f4n A c\u00f3 th\u1ec3 ch\u1ecdn b\u00e1n tr\u00ean th\u1ecb tr\u01b0\u1eddng giao ngay v\u00e0 mua euro sau 12 th\u00e1ng v\u1edbi gi\u00e1 1.28 \u0111\u1ec3 th\u1ef1c hi\u1ec7n giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u00e1 k\u1ef3 h\u1ea1n. M\u1ed9t v\u00ed d\u1ee5 kh\u00e1c, nh\u00e0 bu\u00f4n B n\u1eafm gi\u1eef m\u1ed9t l\u01b0\u1ee3ng l\u1edbn ng\u00f4 do m\u00f9a thu ho\u1ea1ch. Do n\u00f4ng s\u1ea3n kh\u00f4ng th\u1ec3 l\u01b0u kho trong th\u1eddi gian d\u00e0i, nh\u00e0 bu\u00f4n c\u00f3 th\u1ec3 b\u00e1n ch\u00fang tr\u00ean th\u1ecb tr\u01b0\u1eddng giao ngay. Tuy nhi\u00ean, \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o ngu\u1ed3n cung trong t\u01b0\u01a1ng lai, nh\u00e0 bu\u00f4n c\u00f3 th\u1ec3 mua ng\u00f4 \u0111\u01b0\u1ee3c giao trong v\u00e0i th\u00e1ng t\u1edbi tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai.<\/p>\n

Do gi\u00e1 giao ngay v\u00e0 gi\u00e1 t\u01b0\u01a1ng lai ph\u1ee5 thu\u1ed9c v\u00e0o hai th\u1ecb tr\u01b0\u1eddng kh\u00e1c nhau, n\u00ean v\u1ec1 b\u1ea3n ch\u1ea5t, gi\u00e1 giao ngay v\u00e0 gi\u00e1 t\u01b0\u01a1ng lai c\u0169ng c\u00f3 s\u1ef1 ch\u00eanh l\u1ec7ch nh\u1ea5t \u0111\u1ecbnh.<\/p>\n

T\u00ecm hi\u1ec3u th\u00eam<\/strong>: H\u00e0ng h\u00f3a l\u00e0 g\u00ec?\u00a0<\/a><\/p>\n

\u2014\u2014<\/span>\u00a0<\/span><\/p>\n

C\u1ea3nh b\u00e1o r\u1ee7i ro<\/strong>: N\u1ed9i dung tr\u00ean ch\u1ec9 mang t\u00ednh ch\u1ea5t tham kh\u1ea3o v\u00e0o kh\u00f4ng th\u1ec3 hi\u1ec7n quan \u0111i\u1ec3m c\u1ee7a ZFX. ZFX kh\u00f4ng ch\u1ecbu b\u1ea5t k\u1ef3 h\u00ecnh th\u1ee9c t\u1ed5n th\u1ea5t n\u00e0o g\u00e2y ra b\u1edfi b\u1ea5t k\u1ef3 ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch n\u00e0o \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo b\u00e0i vi\u1ebft n\u00e0y. H\u00e3y v\u1eefng v\u00e0ng trong suy ngh\u0129 c\u1ee7a qu\u00fd kh\u00e1ch v\u00e0 ki\u1ec3m so\u00e1t r\u1ee7i ro t\u01b0\u01a1ng \u1ee9ng.<\/p>\n","protected":false},"excerpt":{"rendered":"

T\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh ph\u00e1t tri\u1ec3n, h\u1ea7u h\u1ebft c\u00e1c giao d\u1ecbch giao ngay th\u01b0\u1eddng th\u1ef1c hi\u1ec7n ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n g\u1ecdi l\u00e0 \u201cT+2\u201d. V\u00ed d\u1ee5, giao d\u1ecbch c\u1ed5 phi\u1ebfu h\u1ea7u h\u1ebft \u0111\u01b0\u1ee3c x\u1eed l\u00fd trong 2 ng\u00e0y sau khi giao d\u1ecbch. Tuy nhi\u00ean, giao d\u1ecbch giao ngay kh\u00f4ng nh\u1ea5t thi\u1ebft ph\u1ea3i di\u1ec5n ra trong m\u1ed9t th\u1eddi gian v\u00e0 \u0111\u1ecba \u0111i\u1ec3m c\u1ee5 th\u1ec3, v\u00e0 c\u00e1c giao d\u1ecbch ph\u00e1t sinh \u1edf th\u1ecb tr\u01b0\u1eddng phi t\u1eadp trung c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 OTC (Over-the-Counter – giao d\u1ecbch t\u1ea1i qu\u1ea7y). Giao d\u1ecbch OTC l\u00e0 m\u1ed9t giao d\u1ecbch trong \u0111\u00f3 ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n th\u01b0\u01a1ng l\u01b0\u1ee3ng m\u00e0 kh\u00f4ng th\u00f4ng qua s\u00e0n giao d\u1ecbch hay b\u1ea5t k\u1ef3 trung gian n\u00e0o kh\u00e1c. Giao d\u1ecbch OTC kh\u00f4ng c\u1ea7n thi\u1ebft ph\u1ea3i \u0111\u01b0\u1ee3c x\u1eed l\u00fd th\u00f4ng qua s\u00e0n giao d\u1ecbch trung t\u00e2m nh\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. M\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh cho OTC l\u00e0 th\u1ecb tr\u01b0\u1eddng V\u00e0ng giao ngay.<\/p>\n","protected":false},"author":29,"featured_media":72500,"template":"","academy_categories":[13211],"academy_tags":[],"class_list":["post-75200","academy","type-academy","status-publish","has-post-thumbnail","hentry","academy_categories-financial-market-series-vi"],"acf":[],"current_lang":"vi","_links":{"self":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy\/75200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy"}],"about":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/types\/academy"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":0,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy\/75200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/media\/72500"}],"wp:attachment":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/media?parent=75200"}],"wp:term":[{"taxonomy":"academy_categories","embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy_categories?post=75200"},{"taxonomy":"academy_tags","embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy_tags?post=75200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}