Professional Documents
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] ] , ,
jrong C:
_: -. ngy bKt /u tk ngy tlnh li tr,c n ngy kt ton
U-N: -. ngy tk ngy kt ton n ngy tlnh li k tip
[: jmng !. ngy trong th*i gian tlnh li? nhng khTng bao gn% ngy kt ton
N: jmng !. l/n tlnh li giVa ngy kt ton + ngy o hn
YG: ( YG:G%tion ^aluG) (i tr) hon li c&a tri phiu
yl:: (yiGl:) Li nhu'n hng n$% c&a tri phiu
hrG: (hrG>uGncy) -. l/n tr0 li hng n$%
B: (Xar ^aluG) Bnh gi
r : ( ratG) Li !u"t hng n$% c&a tri phiu
NK ?O:
jlnh gi tr) c&a %2t tri phiu cC gi tr) hon li (:a trHn nng o4AA) l o4AA? bit ngy kt ton
l 4ME6E6AAp? ngy o hn l 4ME44E6A4q? thanh ton li F thng %2t l/n +,i li !u"t h#ng n$% l
44.Mr? li nhu'n h#ng n$% c&a tri phiu C l F.Mr? + c8 !9 < tlnh ngy l ki<u JKc BL (%2t n$%
DFA ngy? %2t thng DA ngy) s
(i0i
B 3 4AA5 YG 3 4AA5 -GttlG%Gnt UatG 3 t4ME6E6AApu5 Baturity UatG 3 t4ME44E6A4qu5 hrG 3 65 r 3 44?Mr5
yl: 3 F?Mr5 Ja!ic 3 A5 _3 DA5 U-N 3 vA5 [ 3 4pA5 N 3 4v
XYZN[ 3 o4DM.Fq
P. XC NH GI TRI PHIU CHIT QHRU TI MT THI IM
Tri phi !hit :hS $% $"8i tri phi -(=! pht h%#h BCi 'i thSp hT# /D#h 'i !U& #.V
h"W! tri phi -&#' -(=! 'i&" ?3!h BCi 'i thSp hT# /D#h 'i trX# th3 tr()#' thM !Sp. Tri phi
$L# -(=! #hH# -Y7 -U /D#h 'i !U& #. B%" #'%7 -" h8# #h(#' :hL#' -(=! #hH# tri tM!
4 hiZ /t !!h #L/ #& $% tri phi #%7 -(=! tr $1i *St 1 !O! #'&7 t[ -Y6
Input:
1. R>?>/pti"# N&$> 4R>6
P. \>tt$>/>#t ]&t>
^. M&trit7 ]&t>
_. ]i*!"#t
`. a&*i!
+utput:
PI,-: .i/ tr/i p0i1u &0i1t 708u t2i m3t t04i 5i6m ( Settlement Date)
Tr"#' -.E
edempti!n "alue : (i tr) hon li c&a tri phiu(th*ng b#ng +,i %nh gi)
Settlement Date : Ngy kt ton tri phiu( ngy tri phiu c bn ra)
Maturity Date: Ngy o hn tri phiu(ngy tri phiu ht hiu lc).
Di*&!unt: jw l chit kh"u c&a tri phiu.
)a*i* : L c8 !9 :;ng < % ngy (nu b= >ua? %@c )nh l A)
3 A : B2t thng cC DA ngy E B2t n$% cC DFA ngy (thGo tiHu chuIn JKc BL)
3 4 : -. ngy thc t c&a %1i thng E -. ngy thc t c&a %1i n$%
3 6 : -. ngy thc t c&a %1i thng E B2t n$% cC DFA ngy
3 D : -. ngy thc t c&a %1i thng E B2t n$% cC DFM ngy
3 7 : B2t thng cC DA ngy E B2t n$% cC DFA ngy (thGo tiHu chuIn NhOu Pu)
F( G :hi $Hp trI#hE
Settlelement Date, Maturity Date v Basic !Q c cKt b= ph/n lR nu chSng khTng ph0i l !.
nguyHn
Nu Settlement Date + Maturity Date khTng l nhVng ngy hp l? W% gi tri phiu XYZN[()
!Q tr0 +\ gi tr) l1i ]^_L`[a
Nu Discount c A hay Yedemption Value c A? W% gi tri phiu XYZN[() !Q tr0 +\ gi tr) l1i
]N`Ba
Nu Basis b A hay Jasis d 7? W% gi tri phiu XYZN[() !Q tr0 +\ gi tr) l1i ]N`Ba
Nu -ettlement Date e Maturity Date? XYZN[() !Q tr0 +\ gi tr) l1i ]N`Ba
XYZN[() c tlnh thGo cTng thxc !au:
PRICJ46 -(=! tK#h th>" !L#' thM! *&E
XYZN[ 3 YG f U YG
DSM
B
Tr"#' -.E
YG: (YG:G%ption ^aluG) (i tr) hon li c&a tri phiu
U: ( Ui!count) jw l trit kh"u c&a tri phiu
J: -. ngy trong %2t n$% ( phy thu2c +o khai bo Ja!ic)
U-B: -. ngy tk ngy kt ton n ngy o hn.
NK ?O:
jlnh gi tr) c&a %2t tri phiu cC gi tr) hon li (:a trHn nng o4AA) l o4AA? bit ngy kt ton
l 4FE6E6AAp? ngy o hn l A4EDE6AAp? tw l chit kh"u c&a chxng khon l M.6Mr + c8 !9 < tlnh
ngy l %2t n$% DFA ngy? czn !. ngy c&a %1i thng th{ thGo thc t s
(i0i
ja cC B 3 4AA 3 YG5 -GttlG%Gnt UatG 3 t4FE6E6AApu5 Baturity UatG 3 tA4EDE6AApu5 U 3 M?6Mr5
Ja!ic 3 6 5 J 3 DFA5 U-B 3 47
XYZN[ 3 ovv.pA
^. GI TRI PHIU CHIT QHRU THbNH TON FcI NdO NGde O HN
Input:
1. Settlement Date
2. Maturity Date
3. I**ue Date
4. Annual rate ( r )
5. Yield (yld)
6. )a*i&
#. Par value (M)
+utput:
PI,-: .i/ tr/i p0i1u &0i1t 708u t0an0 t!/n l9i v:! n;:y 5/! 02n t2i m3t t04i 5i6m
<r!n; 5=:
Settlement Date : Ngy kt ton tri phiu( ngy tri phiu c bn ra)
Maturity Date: Ngy o hn tri phiu(ngy tri phiu ht hiu lc).
I**ue Date: Ngy pht hnh tri phiu
Annual rate: Li !u"t h#ng n$% c&a tri phiu.
Yield : Li nhu'n h#ng n$% c&a tri phiu.
)a*i* : L c8 !9 :;ng < % ngy (nu b= >ua? %@c )nh l A)
3 A : B2t thng cC DA ngy E B2t n$% cC DFA ngy (thGo tiHu chuIn JKc BL)
3 4 : -. ngy thc t c&a %1i thng E -. ngy thc t c&a %1i n$%
3 6 : -. ngy thc t c&a %1i thng E B2t n$% cC DFA ngy
3 D : -. ngy thc t c&a %1i thng E B2t n$% cC DFM ngy
3 7 : B2t thng cC DA ngy E B2t n$% cC DFA ngy (thGo tiHu chuIn NhOu Pu)
F( G :hi $Hp trI#hE
Settlelement Date, Maturity Date, Issue Date v Basic !Q c cKt b= ph/n lR nu chSng khTng
ph0i l !. nguyHn
Nu -GttlG%Gnt UatG? Baturity UatG + Z!!uG khTng l nhVng ngy hp l? W% gi tri phiu
XYZN[() !Q tr0 +\ gi tr) l1i ]^_L`[a
Nu Yield b A hay _nnual rate b A? W% gi tri phiu XYZN[() !Q tr0 +\ gi tr) l1i ]N`Ba
Nu Basis b A hay Jasis d 7? W% gi tri phiu XYZN[() !Q tr0 +\ gi tr) l1i ]N`Ba
Nu -ettlement Date e Maturity Date? XYZN[() !Q tr0 +\ gi tr) l1i ]N`Ba
W% XYZN[() c tlnh thGo cTng thxc !au:
XYZN[ 3
4
DIM
M r M
A B
r M
DSM B
yld
B
_
+
_
,
_
,
+
,
jrong C:
_: -. ngy tk ngy pht hnh (Z!!uG UatG) n ngy kt ton (-GttlG%Gnt UatG)
J: -. ngy trong %2t n$%( Xhy thu2c +o khai bo Ja!ic)
U-B: -. ngy tk ngy kt ton (-GttlG%Gnt UatG) n ngy o hn (Baturity UatG)
UZB: -. ngy tk ngy pht hnh n ngy o hn.
NK ?O:
jlnh gi tr) c&a %2t tri phiu (:a trHn nng o4AA) cC ngy pht hnh l 44E44E6AAq? ngy kt
ton l 4ME6E6AAp? ngy o hn l 4ME7E6AAp? li !u"t h#ng n$% l 44.Mr + thanh ton li +o ngy o
hn? li nhu'n h#ng n$% c&a tri phiu C l F.4r? + c8 !9 < tlnh ngy l ki<u JKc BL (%2t n$% DFA
ngy? %2t thng DA ngy) s
(i0i
B 3 4AA5 Z!!uG UatG 3 t44E44E6AAqu -GttlG%Gnt UatG 3 t4ME6E6AApu5 Baturity UatG 3 t4ME7E6AApu
r 3 44?Mr5 yl: 3 F?4r5 Ja!ic 3 A5 _3v75 J3DFA5 U-B3FA5 UZB34M7
XYZN[ 3 o4AA.pF