Фінансова діяльність суб'єктів господарювання - Tereshchenko O.O.

6.3.3. Redemption of property rights

The order of the service is that of the settlement of the provisional declarations of visions with the visa.

Pogashennia oblgatsії - tse vyplatnom nominolno vartostі oblіgatії ta income on them at termin, peredachenni umovami umemііі oblіgatsіy. Redemption can be done with the help of tax-free payments on the basis of the method of anuites. In the remainder of the payment, the payment for the repayment of the loan will be effected through the Internet for an hour in the same rozmіrі. The amount of payment is included in the income for the amount of the nominal amount of the investment, the interest in the percentage of interest income is reduced to the time of the year, and the principal part of the borough is redeemed. Dosit often zastosovuyutsya method of extinction oblgatsy on the basis of the foal.

The important thing is the robotics of the financial manager - the order of repayment of the regional and the percentage of them. For interest rates, the interest rate is to be added to the coupon to the amount.

Zvazhayuchi to those scho percent over oblіgatsіyami Je fіksovanimi have razі suttєvoї zmіni interest rates in the market analysis in bring vіdpovіdnіst dohіdnostі for oblіgatsіyami i rinkovoї dohіdnostі Mauger zdіysnyuvatisya on osnovі konversії Old oblіgatsіy in oblіgatsії new Key infrastructure. Емітент у такому разі погашає облігації попередніх випусків і емітує нові, з іншими исвами дохідності, які відповідають актуальній ситуації на ринку. Danyom vypadku holdelі oblgatsіy samostiyno priymayut rіshennya shodo pridbanna oblіgatsіy novіїїіїїї.

Sort order іz nomіnalnoyu interest rates efektivnosti Got the great significance of the rate of interest for oblіgatsіyami, yak, okrіm protsentnoї rates zafіksovanoї in coupon listі, vrahovuє POSITIVE NEGATIVE chi rіznitsyu mіzh course emіsії that tsіnoyu oblіgatsії redemption rights. Відхилення між with notable rates can be spent if the rate of repayment is less than 100%. Відхилення буде тим більшим, чим більшою виявиться різниця між цими курсами і chim short perіод обігу цінних паперів (n).

For the effective rate of interest is characterized by a zagalny riven vitrat, povyazanykh iz zaluchchennyam kostyv. Cі vitrati inclusive, okrіm nomіnalnі interest rates that discount, takozh one-off costs of vitrati.

Application 6.1

Облігації емітуться for nominalnymu interest rate of 12%, percentage accrue in shorichno, once per rik. The rate of capacity is 80% before the nominal. Perіod obіgu oblіgatsіy - 10 rokіv s repayment in kіntsі obіgu line of course 110% odnorazovі nakladnі vitrati, pov'yazanі s emіsієyu oblіgatsіy - 5% od nomіnalu.

For viznachennye efektivnogo interest rates for the consumer rozrauєmo sreddniorichnі vitrati, povyazhenі іz zaluchchennyam kapitalu.

The average value of the disagreement becomes 3% (30: 10);

Среднедньорічні накладні витрати (one-time vitrati, роподілені на період обігу облігацій) - 0,5% (5: 10);

Interest rate is 12%.

Thus, the value of the vitamins is 15.5% before the nominal. The real value of financial resources, whichever is higher, is 75% of the nominal value (the exchange rate for the minus one-time overhead vitrates). Відношення між magnitude of the vitratus and the voucher of receiving financial resources characterizes the effective interest rate for the customer - 20.6%.

Investor, rozrachovoychi efektivnu rate of interest, do not take to respect the cost of one-time overhead. Yaksho extinguished oblіgatsії to be conducted in кінці perіоду, then to investors dotsіlno vіkoristy such an algorithm rozraunku effective interest rate (Re):

Re = Algorithm for the development of effective interest rates • 100%, (6.1)

De d - discount, in percentages (Kn - Re); I - the interest rate is interest-free; Ke - rate of emissions, in percent; Кн - rate of repayment of oblasts, in percent.

Zvichajno, at razi neobihіdnosti at zazchenchenij the formulas mozhut vikoristvovatisja not is more rare vidnosnі, and th absolute magnitudes. Vrahovoychy dany alternate stock, the effective rate of interest for the investor is:

Re = An effective rate of interest for an investor • 100 = 18.75%.

In razі, Yakscho repayment oblіgatsіy zdіysnyuєtsya schorіchno rіvnimi Sumy, in algoritmі rozrahunku efektivnoї interest zamіst n dotsіlno pіdstaviti serednyu value line obіgu oblіgatsіy (t):

T = Mean value string objg oblіgatsіy .

Yakshcho I will wake up to the next butt dešo scoriguvati, zokrema perebachiti shorichne otpashennya oblovatsya novavimi sumami, efective rate of interest for the investor stanovitime:

Re = An effective rate of interest for an investor = 21.8%.

Rozrahunok efektivnoї interest Got nasampered values ​​for іnvestorіv at otsіntsі efektivnostі їh vkladen that viznachennya amortizovanoї sobіvartostі fіnansovih іnvestitsіy, yak vіdobrazhaєtsya in zvіtnostі (div. Breather. 8).

Pіslya repayment oblіgatsіy emіtent zobov'yazany not pіznіshe nіzh 7 dnіv Nadachi to reєstruvalnogo body zvіt about naslіdki repayment oblіgatsіy Where Money Does obov'yazkovo toil Buti zaznachenі:

Dacha katatka ta zakinchenna repayment oblgatsy;

Кількість number of repayments in the amount of loans (із зазначенням номерів і серій);

Sum, on the yak repaid oblgas;

Percent of that sum to income, vipacheniyah on obligaciyah (for percentage oblgatsy).

Звіт about the result of the repayment of the oblivion is guilty of the writing of the letters by the issuer of the special, the yak for the proruchennyam of the loan, the repayment of the amount of payment for the income on them (yaksho emitenti korostyuetsya yogo messengers), and such auditor (auditorskoyu organizatsiєyu) і zasvidcheniyah їx prints.

Крім звіту, імітен до реєструвального органу подає відповідну заява та примірник друкованого органу from publikacією інформації про Інформації про емісію облаігацій.