BFL - nayo ... OFZ: tsanangudzo, musika prices

Russian Bazi rezveMari wokuti ndiko kuwedzera ya zvikwereti rakumbirwa mari. Mabasa ehurumende midziyo zvainanga kuwedzera pamazita zviridzwa zvemari achishandisa iyo nokukwereta nevamwe. Sezvo chikamu mutemo uyu muna 1995, mumwedzi waJune, zvakaitika OFZ. Izvi Federal chikwereti zvisungo, asi ane shanduka kopani.

Chii BFL?

Federal chikwereti zvisungo, kana OFZ - mumwe mhando dzose kuchengetedzeka muRussia, riri nekanzuru Bazi Finance. Kutaura zvazviri, zvisungo vane mwero format, ivo dzine chete ndechokuti rakavimbika kuchengetedzeka inopiwa neHurumende pachayo. twa Bhizimisi iri kuitwa musi Moscow Stock Exchange. kutenga zvisungo zvinogona kuitwa kuburikidza chero bhuroka. Buy uye chitoro OFZ zvisungo vari vagari Russian, uye vagari vavatorwa. Price pa imwe chisungo ndiyo 1000 rubles. Zvichienderana kukura bepa vagara vandifungira zvibereko zvayo, akafanana ano dhipoziti zvirongwa. Chinangwa chikuru kuchengetedzeka izvi ndiko kukwezva guta kupinda munyika bhajeti.

Inotevera pavaipfuura musika kukura

The Russian OFZ vanobata bedzi chete Bazi Finance. Kutaura zvazviri, chisungo ichi, mukuru azvipire rakavimbika iyo kunovimbisa kuRussia mamiriro. Zvakaenda OFZ rakaitirwa kuumbwa of Moscow Stock Exchange. Midziyo inogona kutengwa kuburikidza chero bhuroka. Buyers uye yokuisira pamusoro OFZ ingava Russian uye vatorwa pamutemo masangano uye vanhu. Per chisungo vatengi kupa 1000 rubles. Goho zvokutengeserana mudziyo rakafanana zvibereko Bank dhipoziti. Nyaya yoku- zvisungo muna 1995 kwakaratidza padariro musika kukura, kana zviri rakatogadzirira chikwereti nhumbi imwe nguva yegore vanopfuura mumwe. Bidders uyewo vakawana ruzivo kuitira kuti ishande zvitsva zvishandiso akaoma. Nemirau kwesayenzi chawo zvakagadzirwa nokukurumidza chaizvo. Mugore muzvigadzirwa chinoumba placement kusungwa, kuparadzirwa dzavo uye neruregerero zviri pezvakaitwa zvakafanana munyaya T-zvikwereti.

Bonds vane shanduka kopani mari mhando

BFL - ndiwo mumwe mhando kuchengetedzeka dzinowanikwa zvinogona dzakawanda. Popular pepa risingazivikanwi mhando shanduka kopani (OFZ-PK). Documents ipai varidzi dzavo yakakodzera kuti ndiwane mubereko mari nguva nenguva. Frequency vachibhadhara kunogona maviri kana mana nguva mugore. Kukura nechimwe BFL-PC Coupons akaravirwa pakarepo pamberi kutanga nguva coupon, izvozvo zvinoenderana magetsi GKO kusunungurwa kuti dzinenge kufanana Coupons muripo nguva. Kubvumirwa kuwana dhisikaundi, kana yeUnited chikwereti zvisungo (OFZ) ndiwo mutengo placement iri chikuru kana yechipiri kumusika, isingasviki mutengo mutsividzo dzavo, kusanganisira sezvadziri. BFL - muri kuchengetedzeka ane ndima kukosha 1,000 rubles, ane ukoshi 1 gore 5 years.

OFZ-PD, OFZ-FD uye OFZ-AD: mukuru pfungwa

OFZ-AD, PD uye OFZ OFZ-PD - ndivo zvisungo kuti dzinoiswa sezvo kuchengetedzeka neumwe kopani purofiti. Dimensions kuchengetedzeka zvakaziviswa ne Issuer asati musi nyaya yavo yokuisira vari kupiwa nguva mubereko mari. Kufanana yapfuura chikamu kusungwa, kunosanganisira kuwana dhisikaundi pamusoro dzakafanana mazwi. Zvichienderana kunobatsira mhando, nguva kurapwa dzinosiyana 1 gore makore 30. Chezita, kunze OFZ-FD akaenzana 1000 rubles. Nokuti PD sangano rinogona dzinosiyana 10 kusvika 1000 rubles. akabuda ari muvhidhiyo chimiro. Kuchengeta anodhinda nhau twa chinhu chinodiwa kuti kuzopiwawo yaro yemberi.

kusunungurwa Highlights

Nokuti mumwe nyaya kusungwa kunoratidzwa pamberi hurumende kunyoresa code, izvo zvakafanana chivako kuti bumbiro T-zvikwereti. The chete Kusara ndiyo digit wechipiri, chichiratidza mhando kuchengeteka. Neimwe nyaya OFZ zvibereko iyo unoenderana vakawanda zvirongwa okubhengi, aine pakabudiswa yose chitupa pasi mune makopi maviri, izvo mudura panodonedzerwa Bazi Finance. Coupon mari - ndiwo musiyano mukuru kubva GKO zvisungo.

OFZ musika ane zvinoyangarara kopani zvazvingava

OFZ placement kuti zvinoyangarara mwero pamusoro Russian pamusika wemari yaiva uchapupu wokukudza yezvinoreva chikwereti ane shanduka chimbadzo. The budiriro kunobva pakuti zvose zvisungo izvi mhando munyika zvinopa mukana kuderedza chimbadzo ngozi, izvo zvinogona kukonzerwa zvinokosha nokufamba vari kufarira rates, kwese nokuti kwenguva refu inivhesitimendi. Kuderedza mukana wokuti investor Nokurasikirwa, izvo anotya Zvibereko zvavo, uye anokwereta uyo asingadi kuderedza navo.

Nyika 1996 zvisungo pamwe pamwero shanduka unehanya 46% of musika. MuRussia, zvinobatsira OFZ-PD riri kukura. Izvi zvinoratidza kuti kumusika uri pasi zvikuru kuchinja. Coupon mari pachena kwete chete panguva muripo, asiwo kugumisa zvibvumirano musika dzisiri. By vachipinda kutengeserana, mutengi ngaarege chete kuripira chiso kukosha nechisungo, anofanira kuripa kopani goho, izvo zvinofanira kuenzaniswa dzokugara nguva kunobatsira kubva mutengesi. Sezvazviri kuchengetedzeka zvose, OFZ-PK iri kutereswa maererano mitemo.

Kubatanidzwa vokune dzimwe nyika vanoita wakasungwa pamusika

GKO-OFZ pamusika yakazarukira dzimwe makambani. The chairmen of Bazi rezveMari uye vamiririri Central Bank vakawedzera mikana kumadokero kapitalovkladchikov yakananga mari mudzimba kuchengetedzeka. The epamba chidimbu kuti wokumwe pamusika vechikamu anokwezva nokuti kutenga kuchengetedzeka, kururama kwemashoko rinopfuura gore rimwe, anobata vamwe chivimbiso. Saka, dzemaitirwe of vawana zvinhu zvinogona kuitwa rubles, uye zvakananga kubva inivhesitimendi nhoroondo. It anomuzarurira mukana mamwe kutendeutsa Ruble zvakaoma dzimwe mari chete yokugadzirisa purofiti, ukuwo. GKO-OFZ - guru mukana zvizere Siyanisai pangozi mune inivhesitimendi Portfolio. Panguva padariro paumbwe pamisika navatengesi vanoita kupa kukwanisa kwete chete dzokufungidzira asiwo arbitrage kwema.

Rate chisungo musika

OFZ musika rate vari wakaiswa uye shanduka. Permanent kana wakaiswa prices vari kuisa mumwe nomumwe fomu nguva mumwe nyaya nomumwe. zvazvingava shanduka aumbwa inobva pamutemo mashoko achirondedzera mwero mitengo. OFZ zvazvingava hunoenderana kiyi mwero of Central Bank. Kusiyana nhamba iri pfungwa mashoma. Mushure chitubu kuderedza prices pazasi 13%, musika vechikamu kuramba vanotarisira kuderera. Izvi runoratidzwa low kudiwa chikwereti. Saka, muna April dhipoziti okisheni kuti mubatanidzwa bhiriyoni 110 rubles pa mwero 12,5% akakwanisa kutakura zvose mabhiriyoni 75 pamwero wenyika 13.02%. Kana pazvisungo, musika akagadza ayo zvibereko 10,72%. The kudiwa katatu kupfuura iripo wedzerai. Kwete Povljana pamusoro ezvinhu akafukidzwa migero zvemari yokukurukurirana somugumisiro zvirango ne Europe. vanoita Western zvazvingava aifarira, ramba achishingaira mubasa okisheni.

Ndezvipi zvirongwa hurumende yeRussia?

Nokuti Russian hurumende OFZ musika - ichi iguru mukana kuvhara chikwereti kubudikidza bhajeti dhefisiti. Zvinonzi akaronga kuti ape kuchengetedzeka ari uwandu bhiriyoni 250 rubles, nomumbure Vhoriyamu Kukwezva mabhiriyoni 112 rubles. Saka kure, kubva pakutanga kwegore yava kare akaziva mu uwandu bhiriyoni 93,3 rubles kusungwa nomumbure Vhoriyamu mwoyo kubvisa bhiriyoni 12,9 rubles. Pakati zvinofungidzirwa Vhoriyamu kuchengetedzeka yesangano mabhiriyoni 150 rubles achava makore mashanu, mabhiriyoni 80 rubles iri aronga kusunungura bepa ane rokuti 5 kusvika 10 makore. Vanosvika mabhiriyoni 20 rubles achaparadzwa zvamatonga kuchengetedzeka, pamwe majana kwemakore anopfuura 10. Vazhinji kuchengetedzeka mune ramangwana pachava zvinoyangarara zvazvingava. Maererano nenyanzvi, yaMarch zvisungo nekanzuru Central Bank of Russian Federation, zvakanga overpriced, uye munyaya ino, bidders zvose anotarisirwa kuti kuderedza kukosha kwavo pakazopera kwematsutso. Chikuru rinomanikidza zvisungo kusvika kwakaderera Ruble.