Chii chinonzi repo? Currency mutengapwe REPO

Mubhengi racho liquidity - mano mari masangano kutevedza zvizere zvose mitoro yawo, pachena vachinamatira deadlines. Kuti tirambe liquidity mitemo panguva yakakodzera vanochiva chikwereti masangano nokushingaira zvinosanganisirei pfuma kubva siyana zvinyorwa. Uyezve, vanogona kuva zvemukati kwete chete asiwo zvekunze. Panobva mari mudzimai pamusika, hurumende, Central Bank of Russia. Ndiye anokonzera liquidity yacho rwezvemabhengi hurongwa. Ndiyo nguva kuzvibvunza chii repo, nokuti ndiye ngaakuitirei uye anoita izvi chikuru refinancing chiridzwa.

Repo: Definition

Repo mu Chirungu unorira yokuzvidzikinura chibvumirano. kutengeserana uku, chine zvikamu zviviri: kutenga kuchengetedzeka uye kwavakazoita kutengeswa nguva uye panguva vakabvumirana mutengo. Repo kwema anogona kuenzaniswa achiposa rubatso iyo protrude kuchengetedzeka rakapa pamusoro womunhu anomukweretesa. pakati mutengo zvikwereti, kana dhisikaundi - musiyano pakati pokuiswa Mari kutengeswa uye kutenga kuchengetedzeka. Kudzidza mubvunzo chii repo anofanira kunzi maviri nzira yezvakaita mashandiro.

Features kwema

The chikuru mukana mashandiro ari basa repo kwema - refu mwero rakavimbika. Zvinogona kucherechedzwa kuvapo uye zvakanaka unyanzvi Implementation hwokushanda. Mutengo zvikwereti, izvo zvinowanikwa pamusoro repo kwema riri shoma. Izvi imhaka kusavapo pangozi kutopedza. Kana nokuda chinangwa ezvinhu zvisingaiti kushandisa chikamu chibvumirano rechipiri Somuenzaniso, sangano-anokwereta haisi kukwanisa kutenga shure kuchengetedzeka, akakweretesa achipinda muchikwata pakati kuchengetedzeka muridzi pamutemo.

zvinoitwa kwema

Kuti tinzwisise kuti repo, funga dzinokosha unhu uye parameters kuti chikamu ichi kwema. Vangazivikanwa:

• Izwi iri kutengeserana.
• Chitarisiko kana maumbirwo software.
• Discount.

Zvichienderana ya kwema aya:

• Intraday, aizivikanwawo husiku. Havachisiri kupfuura zuva.
• Term, vane yakamisirwa kukura.
• Akasvinudzwa iro chemhosva nguva hwakagadzwa.

Mumamiriro ezvinhu umo nechekare rapera chikamu chibvumirano wokutanga, uye rokuti Kuzadziswa chikamu kutengeserana yechipiri haasati apera, repo inonzi nokuita. Kana mugove wokutanga uye urongwa pachena nguva, chikamu REPO rechipiri rinonzi rakavhurika. For rokukurumidzira akavhiyiwa uye husiku dzinoratidzwa pamwero wakasimba. For rakavhurika nzvimbo ine zvinoyangarara zvazvingava.

Funga nezvomuenzaniso Russia, kuti ndiye repo. CBR inopa mari kuti atengezve munguva 1 uye 7 days, 3 uye mwedzi 12. Kwema kwenguva 3 months uye gore havasi kuitwa nenhevedzano. Implementation yavo inofanira kuva munhu Mutongo Central Bank. The mhedziso ndechokuti repos - zviri pfupi-rokuti kunobva liquidity.

Repo kwema dzimwe mari iri yezvokutengeserana chidimbu

Operation Repo rinowanzoshandiswa yakaitwa pakati Central Bank, inova akakweretesa, rumwe rutivi uye vezvokutengeserana pamahombekombe, izvo zvinotora pamusoro basa anokwereta, Ukuwo. The kwema anogona kutora chikamu uye vaviri yezvokutengeserana mabhanga panguva imwe chete. vachitamba kukura mune izvi akatsunga kungobva ari interbank pamusika prices. Vari akasungirirwa zvokukweretesa mashoko uye unhu pakati kuchengetedzeka. REPO kwema mune dzimwe mari pakati Central Bank uye zvikwereti makambani anogona kuitwa musi Moscow Stock Exchange, panguva St. Petersburg Stock Exchange, pasi Bloomberg mamiriro. Kuti tive vanokodzera kupinda mubasa okisheni, tsika nemari vanofanira kusangana zvinoverengeka nzira, izvo kuisa achiratidza CB. Sechokumbofanobata mu kwema vose Central Bank anogona kuita kuchengetedzeka kuti vanobatanidzwa Lombard pasi. Vari kuonekwa kwazvo rakavimbika uye zvokunwa. Full Lombard pamazita kuchengetedzeka zuva ose akabudiswa yoku- muchimiro pamusoro mukuru panzvimbo controller.

Zvii mapepa hadzina kugamuchirwa ruve rubatso?

In rubatso Central Bank chete anogamuchira kuchengetedzeka kuti nezvimwe zvinhu zvinodiwa. Sorubatso haigoni kutaura:

• Nekanzuru pamahombekombe pacharo, iro bato kuti kutengeserana wechipiri.
• Kuchengetedzeka wakabudiswa chero sangano zvemari kuti ane kudyidzana pamwe kubhangi sevapristi anokwereta pasi yokuzvidzikinura mutengapwe.
• Zvisungo vane kukura misi pe2 mazuva.

Nokuti mumwe nomumwe chikamu kuchengetedzeka of Central Bank of Russian Federation, kubvira repo nguva, unopisa zvikuru, kufadza uye shoma mutengo yomuropa, discounts. Discount anoita ezvinhu ichi sezvo kusiyana nomutengo uye kudzikinurwa mutengo kuchengetedzeka. With chinonyanya dhisikaundi iri pakutsvaga mari kuti Central Bank anopa chikwereti sangano rokutanga chikamu urongwa. Maximum uye Minimum mutengo mumatunhu inoshandiswa kuverenga dhisikaundi kushanda yose rokuti the repo.

Liquidity kupa mirayiridzo: Auktionen

Kuti ave nechokwadi chokuti liquidity pamusoro rwezvemabhengi ino kuburikidza nokushandisa yokudzikinurwa kwema, Central Bank of Russian Federation kuita munzvimbo huru mbiri. Ngatitange pamwe kwemamiriro zvibvumirano, iyo inotorwa repo okisheni. Izvi liquidity muitiro kunoratidzwa pamberi muganhu mari inopiwa pasi okisheni. The mirayiridzo kunobva ezvinhu aripo mune dzimwe Exchange pamusika weRussia uye Kuwanikwa risingamboshandisi chimbadzo. Mumwe nomumwe vechikamu iri okisheni anekodzero ikwidzwe kushanda apo zvinodikanwa kutaridzwa repo zvazvingava, izvo zvinogona kana kupfuura kana kuenzana shoma. Information pamusoro migumisiro okisheni anofanira kubudiswa pamusoro Website of Central Bank of Russian Federation. Saka repo okisheni achibvumira zvinogona anokwereta kukwikwidzana kuti mamiriro ezvinhu akanaka pamusoro pakudyidzana pamwe Central Bank of Russia.

wakaiswa rate

Vatungamirire Kudyidzana pachishandiswa sandara prices inoita Central Bank kukwezva pfuma chete kuti zuva. The ngaakuitirei anonzi usiku hwose. The zvazvingava inowanika wakaiswa nemashoko, uye nokudaro chinhu ndarayira unokosha kupfuura zvishoma. chikamu ichi pakudyidzana urongwa iri rakatangwa zuva nezuva.

Mumakore mashoma apfuura, uwandu guta iro chikwereti masangano vanobatanidzwa yokudzikinura Auktionen, kuwedzera zvakanyatsorongwa. Izvi zvinoratidza kuti ndicho repo mashandiro dzimwe mari iri pari sesimba Kunoshandiswa liquidity of wechipfuwo rwezvemabhengi gadziriro, iro rinoshandiswa chinangwa refinancing mari chidimbu.

Zvazvakashatira pamutemo hurongwa

Zvinoenderana Civil Code wokuRussia Federation Currency repos hakuna semhosva yakakura yoga chikamu kwema. At padanho mitemo Partnership kunonzwisiswa somunhu basa kwema maviri panguva imwe chete (vachitenga uye kutengesa) kana sezvo zvikwereti akaita pasi mumwe mhando software.

Munhau pane neizvi, kana repo vakaziva ndedzenhema. It Anovanzira chokwadi kuti kukweretesa pamusoro anondibatsira. Kana kutengeserana kunozivikanwa sezvo ndonda, ari repo pacharo anorasikirwa zvose zvayo zvakanaka pamusoro mureza chikwereti zvirongwa. In dare zvekufamba kusimbisa rakanga riri pakuti chibvumirano kuti atengezve nzvimbo chakataurwa zvakajeka kuti ichi ndera uye ndiyo vimbiso wakananga.

The huru kuoma pamwe repo kwema

Kufunga chokwadi kuti rapfuura kwakadaro, tinogona kutaura kuti kubva chakarongwa nemaonero, iri nyore wemabhuku rokutengesa kwema. Kutaura zvazviri mashandiro kushandiswa nokuda kwenguva urongwa mari kuti basa womumwe kodzero kwenguva yakati. kutongwa zvingaitwa ainyanya pakutsvaga chokuti mari REPO unobereka unoshamisa akafanana hunovimbisa, saka, chaizvoizvo zviri. Somugumisiro musiyano ichi pakati chokwadi uye kwemitemo yetsika, mari repos haabvumirwi mu wehurumende turnover. Mamiriro kunoda zvizhinji kugadziriswa mumatare. Zvakaoma kunzwisisa imwe kuyananisa mudare mubvunzo, kuti yokuzvidzikinura kwakadaro. CB kunyange kuita affiliate zano, asi ngozi ayo Implementation kuramba yakakwirira kwazvo zvakaita asiri zvaidiwa maererano mapato avo vaite.