Chng V

TH TR NG TI CHNH
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Banking

C u trc th tr ng ti chnh

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Th trng n : din ra vic mua bn cc cng c n

Cng c vay n (debt instrument): S tha thun mang tnh hp ng, trong ngi i vay thanh ton cho ngi nm gi cng c n mt khon tin li c nh, v hon tr tin vn vo cui k hn
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Th trng vn c phn: din ra vic mua bn cc cng c vn

Cng c vn (equity instrument) l loi cng c m buc ngi pht hnh phi tr cho ngi nm gi n mt s tin da vo kt qu u t (nu c) sau khi thc hin xong cc ngha v i vi cng c n
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S hu cng c n
c xem nh l ch n ca cng ty, c thanh ton trc cc c ng cng ty Hng phn li c nh, v c hon tr vn vo cui k hn, khng c hng trn phn li nhun ca cng ty
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S hu cng c vn
Ch nhn c tin li sau khi cng ty tr thanh ton cho ch n

C ng c hng li ch trc tip do li nhun hoc l do ti sn ca cng ty tng ln

Th trng s cp ( primary market ):ni mua bn nhng chng khon ang pht hnh hay chng khon mi c im Hot ng khng lin tc Ngi tham gia: nh pht hnh, nh u t, nh bo lnh Tin bn chng khon thuc v cc nh pht hnh Ngun vn ch yu: tit kim ca cng chng v cc t chc phi ti chnh
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Chc nng th trng s cp Knh phn b vn c hiu qu

Knh huy ng vn u t cho nn kinh t

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Th trng th cp (secondary market): y l ni mua bn cc chng khon c pht hnh trn th trng s cp

c im

Th trng c tnh lin tc Khi lng v nhp giao dch ln Th trng c tnh cnh tranh hon ho Hot ng ch yu: chuyn giao quyn s hu chng khon v tin

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To cho cc cng c ti chnh tng tnh thanh khon

Chc nng th trng th cp

Xc nh gi chng khon hp l trn c s u gi t do

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Cch thc t chc Th trng th cp

Th trng tp trung

Th trng trao tay (OTC)

a im giao dch hin hu Ngi tham gia v chng khon phi ng k Giao dch thc hin thng qua ngi mi gii

Khng c a im giao dch hin hu Khng cn phi ng k chnh thc

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Giao dch thc hin thng qua mng my tnh

Th trng s cp l c s

Mi quan h
Th trng th cp l ng lc

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Th trng tin t: th trng mua bn cc chng khon n ngn hn

Cc cng c ti chnh c tnh lng cao

Cng c c an ton tng i cao, mc li tc thp

Hnh thc ti chnh c trng : ngn hng thng mi

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Th trng m

Th trng tin t

Th trng hi oi
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Th trng lin ngn hng

1 Th trng vn: th trng trong din ra vic mua bn cc cng c vay n di hn (c phiu, tri phiu)
Cng c ti chnh c tnh lng thp

c im
ri ro v li sut cao hn

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Cc b phn ca th trng vn Thc hin cc giao dch, mua bn cc loi c phiu Th trng c phiu Cung cp phng tin u t v chuyn nhng c phn To knh huy ng, phn phi vn cho cng ty Chuyn cho vay cc mn n di hn Thi hn di v gi tr ca cc mn n vay thng ln

Cc khon cho vay th chp

Th trng tri phiu Gia tng s n nh ca th trng ti chnh ni di hn chung 4/14/12

Kt ni gia nh pht hnh

Th trng vn

Li sut

Th trng tin t

Cung cp vn cho nn kinh t

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TTTC hnh thnh v ci cch theo cc nguyn tc th trng Phn b cc ngun lc ti chnh hiu qu: Tranh th ngun vn, cng ngh Nng cao hiu qu qun l, o to ngun nhn lc
l

Nng cao tnh minh bch, p dng cc chun mc v thng

l quc t tin tin Sc hp dn cc nh u t nc ngoi tng Chnh sch c phn ha cc doanh nghip Nh nc
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Cc th trng cu thnh c bn ca TTTC c cu thnh v tng bc hon thin

Thc trng

Khung php lut ca TTTC ngy cng ph hp vi chun mc quc t

H thng ngn hng c c cu li

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Nguyn tc qun l tin tin v chun mc quc t c th ch ha v ng dng

Hn ch
Th trng ti chnh Vit Nam cn km pht trin Mu hnh th trng ti chnh Vit Nam c bn l da vo ngn hng Mc tch t v phn khc th trng cn cao Ri ro tn dng vn cn hin hu Vn sai lch kp cn ng lo ngi
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Hn ch Nng lc gim st v qun tr ngn hng cn nhiu hn ch Th trng ti chnh cn t cc nh ch ti chnh quan trng Cc nh u t c nhn nhn chung cha c tnh chuyn nghip S tham gia u thu vo tri phiu Chnh ph ca cng chng cn hn ch
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Thank you ! The

end

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