Ochita nawo malonda a Derivatives amalipira chindapusa pazochita zomwe amaliza. Kukula kwa ma komisheniwa kumasiyana malinga ndi mtengo womwe wasankhidwa ndi wophunzirayo. Tidzakambirana za iwo m’nkhaniyi, komanso za malipiro onse (makomisheni) omwe muyenera kulipira.
The tariffs waukulu pa Moscow kuwombola
Gome likuwonetsa mitengo yaposachedwa ya Moscow Exchange (VAT siilipidwa):
| Dzina | Kutolera kusinthana komweko | Collection HKO NCC (National Clearing Center) | Total Commission |
| Mtengo 1 | |||
| Gawo lokhazikika (ma ruble) | – | – | – |
| kumbuyo | 0.00575% | 0.00425% | 0.01% |
| Mtengo №2 | |||
| Gawo lokhazikika (ma ruble) | 14.38 zikwi | 10.63 zikwi | 25 zikwi |
| kumbuyo | 0.0053475% | 0.0039525% | 0.0093% |
| Mtengo wa 3 | |||
| Gawo lokhazikika (ma ruble) | 143.75 zikwi | 106.25 zikwi | 250 zikwi |
| kumbuyo | 0.0050025% | 0.0036975% | 0.0087% |
| Mtengo wa 4 | |||
| Gawo lokhazikika (ma ruble) | 258.75 zikwi | 191.25 zikwi | 450 zikwi |
| kumbuyo | 0.0047725% | 0.0035275% | 0.0083% |
| Mtengo wa 5 | |||
| Gawo lokhazikika (ma ruble) | 460 zikwi | 340 zikwi | 800 zikwi |
| kumbuyo | 0.0046% | 0.0034% | 0.0080% |
Gawo lachikhalire (losasintha) – lolipidwa pa tsiku loyamba la malonda (nthawi ya nthawi mu tsiku limene kusinthanitsa kumachita malonda) mwezi uliwonse, mosasamala kanthu kuti panali pempho (dongosolo) kapena mapeto / kutsiriza kwa malonda kapena ayi.
Gawo lakumbuyo limalipiridwa kuchokera ku kuchuluka kwa zomwe zachitika patsikulo, ntchito iliyonse ndi ma ruble 0,01.
Kusintha kwa tariff kumachokera ku pempho la otenga nawo mbali posankha dongosolo la malonda osinthanitsa. Ntchitoyi iyenera kutumizidwa ku HKO NCC Bank mkati mwa masiku 5 ogwira ntchito mwezi wamtsogolo usanayambike (ndalama zomwe zasankhidwa zizigwira ntchito).
Ndalama zovomera kutenga nawo gawo pa malonda
Kuchuluka kwa zopereka, kutengera gulu la omwe akutenga nawo mbali omwe brokeryo ali nawo, akuwonetsedwa patebulo:
| Magulu a Ochita nawo Ntchito Zawo | Zopereka pagulu lililonse |
| “O” | 5,000,000 |
| “O” (ndalama zowonjezera) | 250 000 |
| “F1” kapena “F2” | 3,000,000 |
| “T1” kapena “T2” | 1,000,000 |
| “D1” kapena “D2 | 1,000,000 |
Ndalama zowonjezera zimatengedwa kuchokera kwa omwe atenga nawo gawo “O” kuti alembetse. Simalipiritsa nthawi zonse. Chigamulo chokhudza kupezeka kwa zifukwa zochotsera ndalamazi chikuperekedwa pamalingaliro a Derivatives Market Committee ya PJSC Moscow Exchange.
Mwachidule za magulu:
- “O”. Omwe atenga nawo gawo pamalondawa ali ndi zilolezo zogwirira ntchito zamalonda / ogulitsa kapena kugwira ntchito pakuwongolera zinthu zamtengo wapatali. Mamembala agululi ali ndi ufulu wochita malonda mugawo la Stock, Commodity ndi Money. Atha kusintha kuchokera ku:
- m’dzina lake la iye yekha ndi pa ndalama zake;
- dzina lake ndi ndalama za kasitomala;
- m’malo mwa komanso kuwonongera makasitomala omwe akuyeretsa omwe akutenga nawo mbali, komanso kupanga malonda ndi chizindikiro cha broker (kutengera ngati akutsatira gawo lofunikira lazolowera).
- “F1”. Otenga nawo mbali ayenera kukhala ndi layisensi yochitira bizinesi kapena ntchito zowongolera zinthu zamtengo wapatali. Mamembala agululi ali ndi ufulu wochita malonda mugawo la Stock kuchokera ku:
- dzina lake ndi ndalama za makasitomala;
- m’malo mwa ndi ndalama za makasitomala – kuchotsa otenga nawo mbali, komanso kutsiriza zochitika ndi chizindikiro cha broker yoyeretsa.
- “F2”. Otenga nawo mbali ayenera kukhala ndi chilolezo chamalonda. Gulu ili la Otenga nawo mbali limaloledwa kuchita malonda mu Stock Section kuti achite:
- m’malo mwake ndi ndalama zake;
- kusonyeza wogulitsa broker.
- “T1”. Otenga nawo mbali ayenera kukhala ndi zilolezo zogulitsira (chilolezo chokhazikitsa mgwirizano woterewu chikuwerengedwa – chuma chochokera kuchuma chomwe chili ndi katundu wamtengo wapatali) kapena ntchito zowongolera zinthu zamtengo wapatali. Otenga nawo gawo awa amapatsidwa mwayi wopita ku Commodity Section pazochita:
- pawokha komanso polipira makasitomala;
- m’malo ndi ndalama za makasitomala – kuchotsa otenga nawo mbali;
- kusonyeza wogulitsa broker.
- “T2”. Otsatsa ayenera kukhala ndi chilolezo chochita malonda kapena akhale mabungwe omwe ali ndi ndalama zawo zosachepera ma ruble 5 miliyoni. Gululi lili ndi mwayi wopita ku Gawo la Commodity pazochita:
- m’malo mwake ndi ndalama zake;
- kusonyeza wogulitsa broker.
- “D1”. Otenga nawo mbali ayenera kukhala ndi layisensi yochitira bizinesi kapena ntchito zowongolera zinthu zamtengo wapatali. Otenga nawo mbaliwa amaloledwa kuchita malonda mu Gawo la Ndalama kuti apange malonda:
- pawokha komanso polipira makasitomala;
- m’malo ndi ndalama za makasitomala – kuchotsa otenga nawo mbali;
- kusonyeza wogulitsa broker.
- “D 2” pa. Ophunzira ayenera kukhala ndi chilolezo chogulitsa kapena kukhala ngongole / bungwe lapadziko lonse lapansi. Gulu ili la Otenga nawo mbali ndilololedwa kuchita malonda mu gawo la Ndalama kuti achitepo malonda:
- m’malo mwake ndi ndalama zake;
- kusonyeza wogulitsa broker.
Mogwirizana ndi zomwe zili mu Malamulo Oyenera, Otenga nawo mbali atha kuloledwa kugulitsa gawo limodzi kapena angapo amsika nthawi imodzi, kuphatikiza gulu limodzi kapena awiri mugawo limodzi.
Malamulo ovomerezeka angapezeke
apa .
Ndalama zosinthira ndi zochotsa
Malipiro onsewa amalipidwa pazamtsogolo ndi makontrakitala am’mphepete, ndipo ndalama zosinthira zimaperekedwanso pamalonda a scalping.
Malipiro a makontrakitala am’tsogolo
Kuchuluka kwa ndalama zosinthira (ndalama) zogwiritsa ntchito zomwe simukufuna kapena zomwe mukufuna kuchita zamtsogolo zimawerengedwa motere:
FutFee = Round (Round (abs(FutPrice) * Round(W(f)/R(f);5) ;2) * BaseFutFee;2)
FutFee ≥ 0.01 rub.
Ma decoding of the formula values akuwonetsedwa patebulo:
| Dzina | Decryption |
| phazi | Kukula kwa komiti yogulitsa zam’tsogolo (mu ma ruble). |
| Kuzungulira | Ntchito yomangidwira yomwe ntchito yake ndikuzungulira nambala molunjika. |
| abs | Ntchito yowerengera mtengo wonse (nambala iyi sinasayinidwe). |
| W (f) | Mtengo wa mtengo wocheperako, womwe umatsimikiziridwa molingana ndi tsogolo lofananira (mu ma ruble). |
| R(f) | Kusuntha kwamtengo wocheperako, komwe kumatsimikiziridwa molingana ndi tsogolo lofananira. |
| BaseFutFee | Mtengo woyambira wa katundu wamtsogolo wa Contract Group yomwe ili yake:
|
| FootPrice | Mtengo wamtengo wamtsogolo, womwe umatsimikiziridwa molingana ndi ndime 3.4.2-3.4.3 ya chikalatachi (mumayunitsi a muyeso omwe akuwonetsedwa mumtengo wawo poika dongosolo). |
Ndalama zamakontrakitala otengera malire
Margin ndi kusiyana pakati pa mtengo ndi mtengo (zofanana ndi lingaliro la phindu). Ndipo zosankha zopanda malire ndizo ntchito zokhudzana ndi malonda a zosankha, momwe mulibe ndalama zoyendetsera ndalama pa akaunti za ogula ndi ogulitsa, koma kuchuluka kwa chitetezo kumasungidwa pa akaunti zamalonda za omwe akugwira nawo ntchito.
OptFee = Round (mphindi [(FutFee * K); Round(Premium * Round(W(o)/R(o)) ;5) ; 2) * BaseFutFee] ;2)
OptFee ≥ 0.01 rub.
Ma decoding of the formula values akuwonetsedwa patebulo:
| Dzina | Decryption |
| Opt Fee | Kuchuluka kwa ntchito (mu ma ruble) popanga mgwirizano. |
| Kuzungulira | Pali kuphwanya m’ndime yapitayi. |
| phazi | Kuchuluka kwa Commission (mu ma ruble) pazogulitsa zam’tsogolo. |
| Zofunika | Mtengo wa premium yosankha (mumayunitsi amiyezo yotchulidwa mu dongosolo la mtengo wosankha). |
| W (o) | Kukula kwa mtengo wocheperako (mu ma ruble). |
| R(o) | Kusuntha kwamitengo kochepa. |
| BaseFutFee | Mtengo wamtengo woyambira pomwe njirayo idamalizidwa ndi 0.06325 (kusinthanitsa). Chiwongoladzanja chowerengera chomaliza ndi 0.04675 (kuchotsa). |
| Ku | Chigawo chowonjezera: K=2. |
Malipiro a malonda a scalping
Scalping futures trading ndi malonda otengera zomwe palibe chandamale. Amatsogolera kutsegulira ndi kutseka kwa malo amtsogolo mkati mwa nthawi imodzi yamalonda. Zambiri za zida zamalonda awa patebulo:
| Dzina | Matanthauzo | Kulipira |
| Tsogolo | Kupititsa patsogolo kuchitidwa pazifukwa zosagwirizana ndi malamulo, kumayambitsa kutsegula ndi kutseka kwa maudindo m’tsogolomu mkati mwa nthawi imodzi yamalonda. | 0.5 ya ndalama zonse zosinthira malonda a scalping. |
| Zosankha | Kupititsa patsogolo kuchitidwa pazifukwa zosagwirizana ndi malamulo, ngati chisankhocho chikugwiritsidwa ntchito mkati mwa nthawi imodzi ya malonda (mosasamala kanthu za mtengo wake), kumayambitsa kutsegulidwa kwa malo osiyana. Kugula zosankha zogula (Imbani) ndi kugulitsa – kugulitsa (Kuyika) kungayambitse kutsegulidwa kwa maudindo aatali m’tsogolomu. Kugulitsa Zosankha Zoyimba ndi kugula Zosankha za Put kumabweretsa tsogolo lalifupi. Zosankha za ma scalping pairs:
|
Ntchito yonse yochita malonda a scalping pogwiritsa ntchito zosankha imawerengedwa pogwiritsa ntchito njira zotsatirazi:
- Malipiro = (OptFee(1) + OptFee(2)) * K → ngati OptFee(1) = OptFee(2);
- Malipiro = 2 * OptFee(1) * K + (OptFee(2) – OptFee(1)) → ngati OptFee(1) <OptFee(2);
- Malipiro = 2 * OptFee(2) * K + (OptFee(1) – OptFee(2)) → ngati OptFee(1) > OptFee(2).
Kufotokozera tanthauzo la mafomuwa akuperekedwa patebulo:
| Dzina | Decryption |
| Malipiro | Ndalama zonse zosinthira ntchito za scalping (mu ma ruble). |
| Mtengo Wosankha(1) | Chiwerengero chonse cha malipiro ochita malonda mu nthawi imodzi yamalonda ndi zosankha zomwe zimatsogolera kutsegulidwa kwa tsogolo, zowerengedwa molingana ndi ndimeyi “Malipiro a mapangano opangidwa ndi malire”. |
| Mtengo Wosankha(2) | Kuchuluka kwa ndalama zoyendetsera ntchito pa nthawi ya malonda …, zomwe zimatsogolera kutseka kwa tsogolo, kuwerengedwa molingana ndi ndime “Malipiro … kutengera malire”. |
| Ku | Chinthu chomwe nthawi zonse chimakhala 0.5. |
Ndalama Zakufalikira kwa Kalendala
Kufalikira kwa Kalendala – Kugula ndi kugulitsa zam’tsogolo ndi zokhwima zosiyanasiyana kutengera kuyitanitsa kufalikira nthawi imodzi.
FeeCS = ΣFutFeeCS * (1 – K) Kutanthauzira kwamitengo yamitunduyi kumaperekedwa patebulo:
| Mayina | Decryption |
| FeeCS | Malipiro (mu ma ruble) a Kufalikira kwa Kalendala kutengera zomwe simukufuna kuchita mkati mwa nthawi imodzi yamalonda. |
| Ku | Kuchotsera kothandiza panthawi yotsatsa, komwe ndi 0.2. Nthawi imeneyi, kuyambira tsiku loyamba la malonda, ndi miyezi isanu ndi umodzi. Munthawi imeneyi, mutha kumalizitsa zam’tsogolo potengera zomwe simukufuna. Kumapeto kwa nthawiyo, kuchotserako sikukugwiritsidwa ntchito (apa ndi = 0). |
| ΣFutFeeCS | Malipiro a zochitika zam’tsogolo (mu ma ruble) zoperekedwa pamaziko a Kalendala Kufalikira kwa maoda osadziwika amawerengedwa motere: FutFeeCS = Round ((Round (((abs FutPrice(1))) + abs(FutPrice(2)))* Round (W( f)/R(f);5)) ;2) * BaseFutFee;2) kumene:
Pazinthu zina, pali zolembedwa pamwambapa. |
Njira yowerengera kuchuluka kwa chindapusa cha Kalendala Imafalikira mtsogolo motengera dongosolo la “Calendar Spread” pamasiku amalonda ndi motere:
FeeCS = ΣFutFeeCS Mafotokozedwe azomwe agwiritsidwa ntchito aperekedwa kale pamwambapa. .
Ndalama zina
Palinso zopereka zotsatirazi:
- Zopereka ku Fund Guarantee. Chopereka chaching’ono kwambiri cha Mamembala Ochotsa ku thumba ili ndi ma ruble 10 miliyoni. Chikalata cha PJSC Moscow Exchange pamtundu uwu wa zopereka – tsitsani .
- Kuchotsa komiti ndi tariffs. Malingaliro ndi matanthauzo ake akupezeka m’malemba awa:
- Ndalama zogulira. Chikalata pa “Zowonjezera zowonjezera …” zaperekedwa kwa malipiro awa ndi kusinthanitsa – onani chikalata . Amalipiritsidwa pazochita:
- osakwanira (ngati wogulitsa kapena kasitomala akuchita zambiri, koma nthawi yomweyo amapanga zochepa);
- Kuwongolera kwachigumula kolakwika (ngati wogulitsa kapena kasitomala achita zambiri zotere ndi khodi yolakwika 9999);
- kuphedwa molakwika, koma mosiyana ndi Kuwongolera kwa Chigumula (ngati wogulitsa kapena kasitomala wake apanga zochitika zambiri zotere ndi zolakwika 31, 332, 333, 4103, 3, 14, 50, 0).
Kuti mugulitse pa Derivatives Market, choyamba muyenera kumvetsetsa ma nuances ake onse. Kuphatikizira ndi ma tariff, ma komisheni omwe amaperekedwa kwa iwo ndi zolipiritsa zomwe zimaperekedwa kwa omwe atenga nawo gawo pamalonda amtunduwu.
