Abathengisi, ii-over-counter-counter-bonds and bonds
Ukutshala imali kwiimbopheleleko kubandakanya ubunzima obunzima kunokuba utyalo-mali . Iimarike zematyala zidinga i-curve yokufunda kubasetyali abasemagunyeni, ngokukodwa kwimarike yeebhanki zenkampani.
Ngokungafani namasheya, iibhondi zivame ukuthengwa kwaye zithengiswe kwihlabathi elivaliweyo labahlali abanamava kunye neengcali. Imarike yebhanki yequmrhu, ngokwenene, i-market market, enegumbi elincinci labatyalimi abancinci.
Nangona kunjalo, ungathenga izibophelelo zenkampani esanda kukhishwa kwi-broker, kunye neebhondi ezidlulileyo kwi-market-counter-the-counter (i-OTC).
Imiba Entsha yeBond
Imarike yebhanki yenkampani inamanqanaba amabini ahlukeneyo. Iyokuqala, okanye imarike eyintloko, imela imiba emitsha yobundlobongela. Xa iqumrhu ligqiba ukuthengisa izibophelelo zokuphakamisa intengo-mali, ixoxisana neebhanki kunye nabanini-mali beziko elikhulu ukubeka ezo zibophelelo kwimarike.
Imiba yale micimbi emitsha, enokufaniswa neminikelo yokuqala yoluntu yesitokisi, ziba lula ukuyiqonda. Kwaye wonke umntu othenga umba omtsha ukhokha intengo efanayo, eyaziwa njengexabiso leminikelo.
Nangona kunjalo, ukufumana izandla zakho kumnikelo wokubambisa uqobo kunzima kakhulu, kufana nobunzima bokuthenga isitofu kwi-IPO ngaphambi kokuqalisa ukurhweba. Ngokuqhelekileyo, kuya kufuneka ube nolwalamano oluthile, ngokubhekiselele kumbhanki kwelinye lamaziko alawula umrhumo oyintloko.
Abatyalomali abancinci abayi kukwazi ukudlala kulo mdlalo lula.
Iimarike zesekondari
Imarike yesibini ibandakanya ukuthengwa nokuthengiswa kweebhondi emva komnikelo wokuqala. Abatyalomali abancinci banokufikelela kulo marike kodwa bafanele baqaphele.
Iimarike zentsebenziswano yesibini ziqukethe phantse i-market-counter-counter market.
Uninzi lwemisebenzi luqhutyelwa kwiinkqubo zorhwebo ezivaliweyo, ezithengisayo okanye ngefowuni. Umtyalo-mali oyingenele unokuthatha inxaxheba kuphela kwi-broker. Okubaluleke ngakumbi, ixabiso lentengo kwiimarike zesekondari kunokuba nzima kakhulu ukulandelela nokuqonda.
Ngaba omnye umsebenzi wasekhaya
Ukuba unomdla ekuthengeni izibophelelwano zenkampani kwiimarike zesekondari, yenza uphando olwaneleyo ukuba wazi ukuba uhlawula intengo efanelekileyo yobophelelo. Ngokukodwa, jonga ukuthengiswa kwezibophelelo zakutshanje ukubala ukuba "ukuphawula" okanye "ukusasazeka" kukukhonkco.
Ukusasazeka kubonisa umahluko phakathi kwento enokuthengiswa ngayo umthengisi womboleko kunye nentengo afuna ukuyithengisa ngayo. Ngokungafani nemisebenzi yamashishini, ukusasazeka kwakhelwe kwintengo yebhondi, okwenza kube nzima ukuba ukwazi ukuba inzuzo yomthengisi.
Igunya loLawulo lweShishini lezeMali, i-arhente yokulawula engekho karhulumente, ngoku inika ulwazi lwentengo malunga nokuthengiswa kwebhanki yakutshanje ngeenkqubo zayo ze-TRACE, ezinokubangela ukubonakala kwintsebenziswano. Ngaphambi kokuba uvumelane ukuthenga umbophelo kumthengisi, jonga kwiingcaphuno zakutshanje zobophelelo kumbuzo okanye umba ofanayo. Emva koko yenza ukubala ngokuthe ngqo kwendlela enkulu yokusasazeka ngayo umthengisi wakho.
Khangela uMthengisi wakho
Emva kokuba wenze isigqibo sokuba yeyiphi na eyasasazekayo, uya kuhlawula ukuba ngaba umthengi wakho akayi kubamba ubhonkco kodwa uthembisa ukuyithengela yona kwimarike, umsebenzi wakho uqala ukuqala .
Ukuthenga ibhondi yequmrhu kufuna inqanaba eliphezulu kakhulu lokukhuthaza ngokukhawuleza kunokuthenga isabelo sesitokisi. Landela isiluleko semibutho yorhwebo ebeka iliso kwiimarike kunye nophando lwakho ngophando lwezezimali ngokupheleleyo.
Yiya kuTshintsho lukaRhulumente
Uchungechunge lwee-scandals phakathi kwabathengisi bentengiso kwiminyaka yamuva luye lwaholela ekunyuseni ngokucacileyo kwindlela le shishini elisebenza ngayo. Ukubambezeleka ngokukodwa, iimarike ezibopheleleyo ziyaqhubeka kwaye ziqala ukufana nemakethe yemasheya.
Namhlanje kunokwenzeka ukuthenga nokuthengisa izibophelelo kwintsebenziswano yoluntu. I-New York Stock Exchange iqalise uhlelo lwayo lwe-NYSE eBonds ngo-Ephreli 2007, ngokufaka indawo yeSystem Bond Automatic Bond System into esebenza kangcono kubatyalimi abancinci.
Inani leebhanki ezithengiswa nge-Bonds ye-NYSE sele likhule ngokukhawuleza ukususela ekuqalisweni, imiba enxulumene neentlondi zongezwa rhoqo. Nangona kunjalo, izibophelelo ezithengiselanayo zihlala ziyingcinci encinci yemarike yonke. Uqikelelo luyahlukahluka, kodwa ngokweminye, ngaphantsi kweepesenti ezili-15 zeekhonkco zehlabathi ziyafumaneka ukuze zithengise ngokungafihliyo, ngokugqithiseleyo ukutshintshiselana.
Ibhondi ingaba utyalo-bulumko, nangona ukuphumelela kwiimarike zentsebenziswano yenkampani kufuna ixabiso elininzi lokukhuthaza kunye nemigudu. Cinga ngeengxowa-mali zobudlelwane kunye okanye ityala lenkxaso karhulumente njengezinye iindlela ezinikezela ukhuseleko lweebhondi ngaphandle kweengxaki zokuthenga izibophelelo zenkampani.