Ezinye zezona zinto zisasazekayo kwiimarike zezolimo. Intengiso eqhelekileyo kukuthenga enye ingqolowa kwaye ithengise enye ingqolowa. Umzekelo, umthengisi angathenga ingqolowa yeDisemba aze athengise ngqolowa kaDisemba.
Isiseko sokurhweba kukuba umthengisi ulindele ukuba imarike yengqolowa ibe namandla kunemarike yengqolowa . Ngethuba nje ingqolowa isuka ngaphezu kwengqolowa okanye ingawa, i-trader iya kwenza inzuzo.
Ukusasazeka kwaye kwaqhelekileyo kwixabiso elifanayo. Umzekelo, umthengisi angathenga ingqolowa kaJulayi aze athengise ingqolowa kaDisemba ngexesha elinye ngexesha lentsasa; Lo ngumzekelo wenkunzi yenkomo. Inyanga ehamba phambili ihamba ngokuphindaphindiweyo ngaphezu kweenyanga ezizayo okanye ezichaziweyo. Ukuba umntu ulindele ukuba amanani entengo ahambe phezulu ebudeni bonyaka, lo lube ngumrhwebo oxhasa le mbono.
Amanani emgodini angabonakali, ngelixa ukusabalala kudla kuphela ukuhambisa inxalenye yezinto ezigqithisileyo kwixabiso elithe ngqo. Ukusasazeka sisicwangciso esiluqilileyo kunezikhundla ezide okanye ezifutshane kwiikontrakthi zesikhathi esizayo . Imfuneko yomda wokusabalalisa iyancipha ibe yincinci kakhulu kunokuba ibekwe kwindawo yekontrakthi elide okanye elifutshane.
Iintlobo zeeMveliso ziSasazeka
Umthengisi unokufumana phantse nawuphi na uhlobo lwezinto ezisasazekayo ukuhlangabezana nayo nayiphi na imbono kwiimarike. Iindidi zeentlobo zexesha eliza kusasazeka zidweliswe ngezantsi:
I-Intra-Market Spreads - Ezi zibizwa ngokuba yiCall Calendar Spreads. Zibandakanya ukuthengwa nokuthengiswa kweenyanga zontrakthi ezahlukileyo kwixabiso elifanayo.
Umzekelo, umrhwebi angathenga iiyayi zeeyayi kwaye athengise ii-soybe zikaNovemba.
I-Inter-Market isasazeka - Olu hlobo lwexesha elizayo luya kubandakanya ukuthenga nokuthengisa izinto ezahlukeneyo kodwa ezihambelanayo. Izinto zokuthengisa zivame ukulungelelaniswa, kodwa kukho izizathu zokubangela ukuba enye impahla ibe namandla kunomnye. Umzekelo, umthengisi angathenga isilivere aze athengise igolide.
Ukusabalala phakathi kweSesh-Exchange - Ukusabalala ngokutshintshiselana phakathi kubandakanya ukuthengwa kunye nokuthengiswa kwexabiso elifanayo elithengisayo kwiintlobo ezahlukeneyo. Umzekelo wale shishini uza kuthenga i-December yengqolowa yexesha lokuthengisa kwi-CME Group kunye nokuthengisa i-December yengqolowa yexesha elizayo ekuthengiswe kwiBhodi yeZorhwebo yaseKansas.
Ukuthengiswa kweeMveliso kuPapasho
Abathengi banomdla kakhulu kwintengo yokusasazeka phakathi kwezivumelwano ezimbini. Ixabiso lentlukwano likhoyo umahluko phakathi kwezivumelwano zombini. Ngokomzekelo, ingqolowa kaJulayi ithengisa nge-$ 6.05, kwaye uDisemba ithengisa i-$ 5.75. Ukusasazeka ngamashumi amathathu. Ukuba ingqolowa kaJulayi ihamba ngokukhawuleza kuneNgqolowa yenkomo, ukusasazeka kuya kwanda. Kule meko, abathengi basasazo baya kwenza inzuzo.
Ukusasazeka kungaba yindlela engakumbi yokuzithengisa kwiimarike, kodwa oko akuthethi ukuba bangenalo ingozi. Nabani na oye wathengisa ukusabalalisa ixesha elide uyazi ukuba izinto ngezinye iinkhathi zihamba ngokungahlali.
Izimo zemozulu kunye neengxelo zityalo zizinto ezimbalwa zezinto ezinokubangela ukuba ukusasazeka kuhambelane.
Iimeko ezibi kakhulu xa i-contract yesivumelwano esiyithengayo ihamba ngokukhawuleza kwaye inkontileka oyithengisayo ihamba ngokukhawuleza. Izinto ezimbini ezidibeneyo ezifana nommbila nengqolowa zihlala zihlukana. Akusiyo imvakalelo emihle xa ukhangele inzuzo engama-5 ukuya kwintsebenziswano, kwaye ubusuku obulahlekelwa yimali eyi-15 ngenxa yeendaba zityalo ezisuka eChina. Kukho nawuphi na urhwebo, ukusasazeka okanye ngokucacileyo, umntu kufuneka ahlale eqaphela ingozi nangona esebenzisa isicwangciso esilungeleleneyo.
Okungakumbi Ngokusasazeka
Kukho iintlobo ezininzi ezahlukahlukeneyo zokusabalala xa kuthengiswa kwiimarike zemveliso. Ezinye ezinye zisasazekayo:
Indawo isasaza nokuthengisa into efanayo yokuhanjiswa kwiindawo ezahlukeneyo (umzekelo-igolide elide ukuhambisa eNew York kunye negolide elifutshane ukuhanjiswa eLondon)
Ubungakanani obusasazekayo nokuthengisa izinto ezifanayo kodwa iimpawu ezahlukileyo okanye amabakala (umzekelo-i-Arabica ikhofi ehambelana nekhofi encinane yeRobusta)
Ukucubungula kusasazeka- kurhweba ixesha elide okanye elifutshane kwixabiso elilodwa elibhekiselele kwindawo echaseneyo kwimpahla eyinto yemveliso kwelinye icala lorhwebo (umzekelo-ioli ephosiweyo kunye nepetolesi emfutshane)
Ukusasazeka kudla ukuba neemfuno eziphantsi kwemida kunezikhundla ezide okanye ezifutshane, kodwa zinokuba ziingozi kunexesha elide okanye elifutshane ngexesha elide.