Ukutshintshana kwexesha elizayo lichonga kwaye libeke ixesha elizayo kumaritha . Ngamanye amaxesha, iinkampani zokurhweba ziza kwongeza i-premium eyongezelelweyo kwizinga elincinci lomlinganiselo wokutshintshiselwa ekunciphiseni umngcipheko.
Umda uhleli kusekelwe kwengozi yokunyuka kwemarike. Xa ukuthengiswa kweemarike okanye ukuhluka kwexabiso kuhamba phezulu kwizinga lokungena kwemarike ezayo. Xa kuthengiswa amasheya , kukho ilungiselelo elincinane lee-margin kunexesha lemarike yesikhathi esizayo. Imarike yokulingana ivumela abathathi-nxaxheba ukuba bathengise nge-50%. Ngako oko, umntu unokuthenga okanye athengise kwi-stock eyi-100,000 yesitokethi e-$ 50,000.
Ixabiso leMargin yeeKontraki zexesha elizayo
Ehlabathini kwiikontrakthi zexesha elizayo , izinga lokumitha liphantsi. Kwimvumelwano yesigqeba esizayo, umlinganiselo wemida uhluka phakathi ko-5 no-15% wexabiso lentengo yenkontileka. Ngokomzekelo, umthengi wekhontrakthi yengqolowa yexesha elizayo unokufuna ukuthumela i-$ 1,700 kwimida. Kucinga isivumelwano se-32,500 zamaRandi (i-6.50 x 5,000 bushels). I-Margin Initial Margin iyinani lemali efunekayo ukuvula ukuthenga okanye ukuthengisa indawo kwisivumelwano sexesha elizayo .
Umda wokuqala ungumda wokuqala, inani eliposelwe xa uhwebo lwangaphambili lwenzeka.
Isondlo seMargin
Ukugcinwa kweMargin kuyinto imali efunekayo xa ilahleko kwixesha elizayo lifuna ukuba banike imali eyongezelelweyo yokubuyisela umda ukuya kwinqanaba lokuqala lokuqala. Ngokomzekelo, ukuba umda wekontrakthi yengqolowa yexesha lokugqibela i-$ 1,000 kwaye umda wokulondolozwa ngu-$ 700.
Ukuthengwa kwekontrakthi yengqolowa yexesha lokutya kufuna i-$ 1,000 kwimida yokuqala. Ukuba ixabiso lembona lehla ngamashumi ayisi-7, okanye i-$ 350, i-$ 350 eyongezelelweyo kwimida kufuneka ifakwe kwi-post ukuze ibuyise izinga kumgangatho wokuqala.
Iifowuni zeMargin - xa ixabiso le-akhawunti lihlahla ngaphantsi kwezinga lokugcina i-call margin ikhutshwe. Ngokomzekelo, ubambe iikontraki ezintlanu zexesha elizayo elinomda wokuqala we-R10 000 kunye nomda wokugcina we-$ 7,000. Xa ixabiso le-akhawunti yakho lifika kuma-6 500 ayi-call call iya kufuna i-$ 3,500 eyongezelelweyo ukubuyisela i-akhawunti kwizinga lokuqala lokuma . Ukuvalwa okanye ukucima isithuba kuphelisa imfuneko yokubiza umnxweme.
Indlela yokubala iMargin yangaphambili
Ukutshintshiselana kubalwa ixesha elizayo kwiimilinganiselo zee-margin usebenzisa inkqubo ebizwa nge-SPAN. Le nkqubo inokulinganisa amaninzi amaninzi ukufika kwinani lokugqibela kumgama wokuqala kunye nokugcinwa kwimarike nganye. Iintlobo eziphambili kakhulu ziyi-volatility kwikharityhulam nganye yexesha elizayo. Ukutshintshiselana kulungelelanisa iimfuno zabo zemida ngokusekelwe kwiimeko zemarike.
I-Margin In Futures ineNzuzo eninzi
I-Margin yinto efanelekileyo yokukholelwa ukuba izithuba ezithatha inxaxheba kwimarike kunye nendlu yokutshintshiselana . Cinga ngemida njengento yokuhlawula phantsi kwexabiso elipheleleyo lekhontraki oyithengisayo.
I-Margin ivumela ukuba utshintshi abe ngumthengi kubo bonke abathengisi kunye nomthengisi kubo bonke abathengi bekonterikethi yexesha elizayo.
I-Margin ineenzuzo ezimbini kubathathi-nxaxheba bemarike; iqinisekisa ukungaziwa (ukutshintshana njalo uhamba nomlingani wakho), kwaye kuphelisa umngcipheko wokubambisana ngetyala kwi-transaction. Ukutshintshisana kulawulwa yi- CFTC kwaye kunemali eninzi efanelekileyo ukuhlangabezana nazo zonke izibophelelo. Ezi mali zivela kwimida eqokelelwa ngabathathi-nxaxheba bemarike.
Ukususela emanzini kuphela yipesenteji encinci yenani lexabiso leenkontileka, kukho umlinganiselo omkhulu wemali kwiimarike ezizayo. Makhe sibone umzekelo:
- Thenga ityontrakthi enye ye-COMEX yegolide ezayo nge-1270
- Isivumelwano ngasinye si-ounces ezili-100 zegolide
- Umda wokuqala = $ 4400
- Thengisa enye inkontileka ye-COMEX yegolide ezayo kwi-1275
- Inzuzo- $ 5 ngeeyunce okanye i-$ 500 kwisivumelwano
- Ukuba uthenge igolide yangempela kwaye wenza inzuzo ye-$ 5 eya kulingana ne-0.3937% ngenzuzo ($ 5 / $ 1,270)
- Nangona kunjalo, ekubeni uthenge inkontileka yegolide yexesha elizayo, inzuzo ibalwa kwinani lemida elithunyelwe kwi-yorhwebo okanye i-$ 4,400 kwaye inzuzo iya kufana ne-11.36% ngenzuzo (i-$ 500 / i-4 400 zamawaka)
- Nangona ipesenteji izuza kwiimarike ezizayo, khumbulani ukuba apho kunakho ukufumana umvuzo, kunokuhlala kusengozini. Ukuba ulahlekelwe i-$ 5 ngeyunithi nganye kwisikhundla sesigxina segolide kwikamva, ukulahleka kwakho kuya kufana ne-11.36%.
Utshintsho lubeka amanqanaba omda kwaye luhlala luyihlolisisa xa ukutshintsha kweemarike kuyitshintsha - iimida zenyuka okanye zihla nganoma naliphi ixesha. I-FCM ivumelekile ukuba idinga amanqanaba aphakamileyo kunamazinga okutshintshela ngokusekelwe kwengozi yomthengi kunye nokukwazi kwabo ukuqhagamshelana nabo kwisaziso somzuzu.
I-Margin yi-glue ephethe iimarike ezizayo kunye nokuvumela ukuba ivenkile ithathe inxaxheba ekuthengiseni ngokuzithemba ukuba abanye baya kuhlangabezana nazo zonke izibophelelo ngamaxesha onke.