{"id":8690,"date":"2016-11-20T05:32:40","date_gmt":"2016-11-19T20:32:40","guid":{"rendered":"http:\/\/hyunsik.me\/wordpress\/?p=8690"},"modified":"2023-06-11T05:39:49","modified_gmt":"2023-06-10T20:39:49","slug":"%ea%b8%88%ec%9c%b5%ec%8b%9c%ec%9e%a5-financial-market","status":"publish","type":"post","link":"http:\/\/hyunsik.me\/wordpress\/?p=8690","title":{"rendered":"\uae08\uc735\uc2dc\uc7a5\ub860(financial markets)"},"content":{"rendered":"<p>[mqe][\/mqe]<\/p>\n<p>\u2605 \ubcf8 \ud3ec\uc2a4\ud2b8\ub294 PC \uc5d0 \ucd5c\uc801\ud654\ub418\uc5b4 \uc788\uc74c<br \/>\n[line][\/line]<\/p>\n<p><center><img src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uae08\uc735\uc2dc\uc7a5\ub8601.png\" width=\"380\" \/><\/center><\/p>\n<p>\ubcf8 \ub0b4\uc6a9\uc740 \ub9e8\ud050\uc758 \uacbd\uc81c\ud559 10\ubd80 29\uc7a5. \ud1b5\ud654\uc81c\ub3c4 \ub97c \ud655\uc7a5\ud55c \ub0b4\uc6a9(\uc0ac\uc2e4\uc0c1 \ubc94\uc704\uac00 \ud6e8\uc52c \ud070 \ub0b4\uc6a9)\uc73c\ub85c<br \/>\n<span style=\"color: #ff0000;\">\uae08\uc735\uc2dc\uc7a5\ub860\uc5d0 \ub300\ud55c \ucd5c\ub300\ud55c\uc758 \ucd95\uc18c \uc815\ub9ac<\/span>\ub85c \uacbd\uc81c\ub300\ud559\uc6d0 \ubc15\uad50\uc218\ub2d8\uc758 \uc790\ub8cc \ubaa9\ucc28\ub97c \uc911\uc2ec\uc73c\ub85c<br \/>\n\uac15\uc758\uc758 \uc790\ub8cc\/\ub0b4\uc6a9\uacfc \uc704\ud0a4\ud53c\ub514\uc544, \ub098\ubb34\uc704\ud0a4, \ub124\uc774\ubc84\uc9c0\uc2dd\ubc31\uacfc\ub97c \ucc38\uace0\ud558\uc5ec \uc791\uc131\ud55c\ub2e4.<br \/>\n\u203b \ubcf8 \ub0b4\uc6a9 \uc911 \ub2e4\uc218\uc758 \uc774\ubbf8\uc9c0\ub294 \ubc15\uad50\uc218\ub2d8\uc758 \uc790\ub8cc \uc774\ubbf8\uc9c0\uc774\uba70, \ub354 \uc790\uc138\ud55c \ucd9c\ucc98 \ubaa8\ub984.<br \/>\n\u203b \uacbd\uc81c\ud559\uc5d0\uc11c \uae08\uc735\ud30c\ud2b8\ub294 \ub9e4\uc6b0 \uc911\uc694\ud558\uae30\uc5d0 \ucd94\uac00\ud568.<\/p>\n<p>\ub0b4\uc6a9\uc744 \uc2dc\uc791\ud558\uae30\uc5d0 \uc55e\uc11c \uc6b0\uc120 \uae08\uc735(finance)\uc5d0 \ub300\ud574 \uac04\ub7b5\ud788 \uc18c\uac1c\ud558\uc790\uba74 \ub2e4\uc74c\uacfc \uac19\ub2e4.<br \/>\n<span style=\"color: #ff0000;\">\uae08\uc735<\/span>\uc774\ub780 \uc790\uae08(\ub3c8)\uc744 \ube4c\ub824\uc8fc\uace0 \ube4c\ub9ac\uac70\ub098, \ub3c8\uc744 \ub2e4\ub978 \ub3c8\uc73c\ub85c \uc0ac\uace0 \ud30c\ub294 \uac70\ub798\ub97c \ub9d0\ud55c\ub2e4.<br \/>\n\uc989, \ub3c8\uc774 \uc788\ub294 \uc0ac\ub78c\uc73c\ub85c\ubd80\ud130(\ud751\uc790\uc8fc\uccb4) \ud544\uc694\ud55c \uc0ac\ub78c(\uc801\uc790\uc8fc\uccb4)\uc73c\ub85c \uc774\ub3d9\ud558\ub294 \uac83.<br \/>\n\uc774\uac83\uc774 \uad6c\uccb4\uc801\uc73c\ub85c \ub098\ud0c0\ub09c \ud615\ud0dc\uac00 \uc99d\uad8c, \uc740\ud589, \uc885\ud569\uae08\uc735, \ubcf4\ud5d8\uc774\ub2e4.<\/p>\n<p>\u25c6 \uae08\uc735 : <a href=\"https:\/\/namu.wiki\/w\/%EA%B8%88%EC%9C%B5\" target=\"blank\" rel=\"noopener noreferrer\">\ub098\ubb34\uc704\ud0a4 \ucc38\uace0<\/a><\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uae08\uc735\uc2e4\ubb3c.png\" alt=\"\" width=\"580\" \/><\/p>\n<p>[line][\/line]<\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (1) \ud654\ud3d0(money)<\/strong><\/p>\n<p>\u25c6 \ud654\ud3d0\uc758 \uc885\ub958 : \uc0c1\ud488\ud654\ud3d0 \/ \uae08\uc18d\ud654\ud3d0 \/ \uc9c0\ud3d0 \/ \uc804\uc790\ud654\ud3d0<br \/>\n\u25c6 \ud654\ud3d0\uc758 \uae30\ub2a5 : \uad50\ud658\uc758 \ub9e4\uac1c\uc218\ub2e8 \/ \uc9c0\uae09 \uc218\ub2e8 \/ \uac00\uce58\uc758 \ucc99\ub3c4 \/ \uac00\uce58\uc758 \uc800\uc7a5<br \/>\n\u25c6 \ud654\ud3d0\/\ud1b5\ud654\/\uc720\ub3d9\uc790\uc0b0\uc5d0 \ub300\ud55c \uac04\ub2e8 \uc815\ub9ac : <a href=\"http:\/\/hyunsik.me\/wordpress\/?p=8570\" target=\"_blank\" rel=\"noopener noreferrer\">H Log \ucc38\uace0<\/a><br \/>\n\u203b \ud654\ud3d0\uc758 \ud544\uc694\uc870\uac74 : \uc2dc\uc7a5 \uc218\uc6a9\uc131 \/ \uac00\uce58\uc758 \uc548\uc815\uc131 \/ \ub192\uc740 \uc778\uc2dd\uc131 \/ \ub0b4\uad6c\uc131 \/ \ub3d9\uc9c8\uc131 \/ \uac00\ubd84\uc131 \/ \uc774\ub3d9\uc131<\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (2) \uae08\uc735\uc2dc\uc2a4\ud15c(financial system)<\/strong><\/p>\n<p>\u25c6 \uae08\uc735\uc2dc\uc2a4\ud15c : \uae08\uc735\uc0b0\uc5c5\uacfc \uae08\uc735\uc2dc\uc7a5\uc744 \uc544\uc6b0\ub974\ub294 \ud2c0 (\uae08\uc735\uae30\uad00\/\uae08\uc735\uc2dc\uc7a5\/\uae08\uc735\ud558\ubd80\uad6c\uc870\ub85c \uad6c\uc131)<\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uae08\uc735\uc2dc\uc2a4\ud15c1-1024x413.png\" alt=\"\" width=\"580\" \/><\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (3) \uae08\uc735\uc2dc\uc7a5(financial market) \uac1c\uc694<\/strong><\/p>\n<p>\u25c6 \uae08\uc735\uc2dc\uc7a5 : \uc790\uae08\uacf5\uae09\uc790\uc640 \uc790\uae08\uc218\uc694\uc790\uac04\uc5d0 \uae08\uc735\uac70\ub798\uac00 \uc870\uc9c1\uc801\uc73c\ub85c \uc774\ub8e8\uc5b4\uc9c0\ub294 \uc2dc\uc7a5<\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uae08\uc735\uc2dc\uc7a5.png\" alt=\"\" width=\"580\" \/><\/p>\n<p>\u25c6 \uae08\uc735\uc2dc\uc7a5\uc758 \uad6c\uc870<\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uae08\uc735\uc2dc\uc7a5\uad6c\uc870.png\" alt=\"\" width=\"580\" \/><\/p>\n<p>\u25c6 \uae08\uc735\ud68c\uc0ac\uc758 \uc5ed\ud560 : \uc2dc\uc7a5 \ubd88\uc644\uc804\uc131 \ubcf4\uc644 \/ \ubcf4\ud5d8\uc11c\ube44\uc2a4\uc758 \uc81c\uacf5 \/ \ub9cc\uae30 \ubd88\uc77c\uce58 \ud574\uc18c \ub4f1<br \/>\n\u25c6 \uae08\uc735\uc2dc\uc7a5\uc758 \ubd84\ub958<br \/>\n<span style=\"color: #800000;\">1)<\/span> \uac04\uc811 \uae08\uc735\uc2dc\uc7a5(\uc608\uae08-\ub300\ucd9c \ub4f1) vs \uc9c1\uc811 \uae08\uc735\uc2dc\uc7a5(\uc8fc\uc2dd,\ucc44\uad8c \ub4f1)<br \/>\n<span style=\"color: #800000;\">2)<\/span> \ub2e8\uae30 \uae08\uc735\uc2dc\uc7a5(\uc790\uae08\uc2dc\uc7a5 \ucf5c,RP,CP,CD \ub4f1) vs \uc7a5\uae30 \uae08\uc735\uc2dc\uc7a5(\uc790\ubcf8\uc2dc\uc7a5 \uc8fc\uc2dd, \ucc44\uad8c \ub4f1)<\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (4) \ud1b5\ud654\uc815\ucc45\uacfc \uae08\uc735\uc2dc\uc7a5<\/strong><\/p>\n<p>\u25c6 \ud1b5\ud654\uc815\ucc45\uacfc \uae08\uc735\uc2dc\uc7a5\uc758 \uc5f0\uad00\uc131 : \uae08\uc735\uc2dc\uc7a5\uc740 \ud1b5\ud654\uc815\ucc45\uacfc \uadf8 \ubaa9\ud45c\ub97c \uc5f0\uacc4\uc2dc\ud0a4\ub294 \uc5ed\ud560\uc744 \uc218\ud589<\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uae08\uc735\uc2dc\uc7a5\ud1b5\ud654\uc815\ucc45.png\" alt=\"\" width=\"580\" \/><\/p>\n<p>\u25c6 \ud1b5\ud654\uc815\ucc45\uc758 \ubaa9\ud45c(\uc6b0\ub9ac\ub098\ub77c) : \ubb3c\uac00\uc548\uc815, \uae08\uc735\uc548\uc815<br \/>\n\u25c6 \ud1b5\ud654\uc815\ucc45\uc758 \ubc29\ubc95 : \uc7ac\ud560\uc778\uc815\ucc45, \uc9c0\uae09\uc900\ube44\uc815\ucc45, \uacf5\uac1c\uc2dc\uc7a5\uc6b4\uc601(\uc870\uc791)<\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (5) \uc790\uae08\uc2dc\uc7a5(money market) &#8211; \ub2e8\uae30\uae08\uc735\uc2dc\uc7a5<\/strong><\/p>\n<p>\u25c6 \uc790\uae08\uc2dc\uc7a5 : \uc2dc\uc7a5\ucc38\uac00\uc790\ub4e4\uc774 \uc77c\uc2dc\uc801\uc778 \uc790\uae08\uc218\uae09\uc758 \ubd88\uade0\ud615\uc744 \uc870\uc815\ud558\uae30 \uc704\ud574 \ud65c\uc6a9\ud558\ub294 \ub9cc\uae30 1\ub144 \uc774\ub0b4\uc758 \uae08\uc735\uc0c1\ud488\uc774 \uac70\ub798\ub418\ub294 \uc2dc\uc7a5(\ub2e8\uae30\uae08\uc735\uc2dc\uc7a5, \ud654\ud3d0\uc2dc\uc7a5)<br \/>\n\u25c6 \uc885\ub958 : \ucf5c\uc2dc\uc7a5, \ud658\ub9e4\uc870\uac74\ubd80\ub9e4\ub9e4\uc2dc\uc7a5(RP), \uc591\ub3c4\uc131\uc608\uae08\uc99d\uc11c\uc2dc\uc7a5(CD), \uae30\uc5c5\uc5b4\uc74c\uc2dc\uc7a5(CP), \uc804\uc790\ub2e8\uae30 \uc0ac\ucc44 \ub4f1<\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uc790\uae08\uc2dc\uc7a5.png\" alt=\"\" width=\"580\" \/><\/p>\n<p><span style=\"color: #800000;\">1)<\/span> \ucf5c\uc2dc\uc7a5(call market) : \uae08\uc735\uae30\uad00\uc774 \ub2e8\uae30 \uc790\uae08\uc744 \uac70\ub798\ud558\ub294 \uc2dc\uc7a5<br \/>\n<span style=\"color: #800000;\">2)<\/span> \ud658\ub9e4\uc870\uac74\ubd80\ub9e4\ub9e4(Repurchase Agreement Transaction, Repo or RP) :<br \/>\n\ud658\ub9e4\uc77c\uc5d0 \uc0ac\uc804\uc5d0 \uc815\ud55c \uae08\uc561\uc73c\ub85c \ud658\ub9e4\uc218\/\ud658\ub9e4\ub3c4\ud560 \uac83\uc744 \uc870\uac74\uc73c\ub85c \ub9e4\ub3c4\/\ub9e4\uc218\ud558\ub294 \ub9e4\ub9e4<br \/>\n<span style=\"color: #800000;\">3)<\/span> \uc591\ub3c4\uc131\uc608\uae08\uc99d\uc11c(Negotiable Certificate of Deposit, CD or NCD) :<br \/>\n\uc740\ud589\uc774 \uc815\uae30\uc608\uae08\uc5d0 \ub300\ud558\uc5ec \ubc1c\ud589\ud558\ub294 \ubb34\uae30\uba85\uc758 \uc608\uae08\uc99d\uc11c\ub85c \uc608\uae08\uc790\ub294 \uc774\ub97c \uae08\uc735\uc2dc\uc7a5\uc5d0\uc11c \uc790\uc720\ub85c\uc774 \ub9e4\ub9e4<br \/>\n<span style=\"color: #800000;\">4)<\/span> \uae30\uc5c5\uc5b4\uc74c(Commercial Paper, CP) :<br \/>\n\uc2e0\uc6a9\uc0c1\ud0dc\uac00 \uc591\ud638\ud55c \uae30\uc5c5\uc774 \ub2e8\uae30\uc790\uae08\uc744 \uc735\ud1b5\ud558\uae30 \uc704\ud574 \ubc1c\ud589\ud558\ub294 &#8216;\uc735\ud1b5\uc5b4\uc74c&#8217;<br \/>\n<span style=\"color: #800000;\">5)<\/span> \uc804\uc790\ub2e8\uae30\uc0ac\ucc44(Asset Backed Short-Term Bond, \uc804\ub2e8\ucc44) :<br \/>\n\ub9cc\uae30 1\ub144 \ubbf8\ub9cc\uc758 \ub2e8\uae30\uc790\uae08\uc744 \uc885\uc774\uac00 \uc544\ub2cc &#8216;\uc804\uc790&#8217; \ubc29\uc2dd\uc73c\ub85c \ubc1c\ud589 \ubc0f \uc720\ud1b5\ub418\ub294 \uae08\uc735\uc0c1\ud488<\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (6) \uc790\ubcf8\uc2dc\uc7a5(capital market) &#8211; \uc7a5\uae30\uae08\uc735\uc2dc\uc7a5<\/strong><\/p>\n<p>\u25c6 \uc790\ubcf8\uc2dc\uc7a5 : \uc0ac\uc5c5\uc758 \ucc3d\uc124 \u00b7\ud655\uc7a5 \u00b7\uac1c\ub7c9 \ub4f1, \uae30\uc5c5\uc758 \ud22c\uc790\ub97c \uc704\ud558\uc5ec \ud544\uc694\ub85c \ud558\ub294 \uc790\uae08\uc758 \uc870\ub2ec\uc774 \uc774\ub8e8\uc5b4\uc9c0\ub294 \uc2dc\uc7a5, \uae30\uc5c5\uc758 \ud22c\uc790\uc790\uae08\uc740 \ube44\uad50\uc801 \uc7a5\uae30\uc5d0 \uac78\uce58\ub294 \uac83\uc774 \ub9ce\uae30 \ub54c\ubb38\uc5d0 \uc7a5\uae30\uae08\uc735\uc2dc\uc7a5\uc774\ub77c\uace0\ub3c4 \ubd80\ub984<br \/>\n\u25c6 \uc885\ub958 : \ucc44\uad8c\uc2dc\uc7a5, \uc790\uc0b0\uc720\ub3d9\ud654\uc99d\uad8c\uc2dc\uc7a5, \uc8fc\uc2dd\uc2dc\uc7a5<\/p>\n<p><span style=\"color: #800000;\">1)<\/span> \ucc44\uad8c(bond) : \ucc44\uad8c\uc740 \uc815\ubd80, \uacf5\uacf5\ub2e8\uccb4\uc640 \uc8fc\uc2dd\ud68c\uc0ac \ub4f1\uc774 \uc77c\ubc18\uc778\uc73c\ub85c\ubd80\ud130 \ube44\uad50\uc801 \uac70\uc561\uc758 \uc790\uae08\uc744 \uc77c\uc2dc\uc5d0 \uc870\ub2ec\ud558\uae30 \uc704\ud558\uc5ec \ubc1c\ud589\ud558\ub294 \ucc28\uc6a9\uc99d\uc11c(\u501f\u7528\u8b49\u66f8)\uc774\uba70, \uadf8\uc5d0 \ub530\ub978 \ucc44\uad8c(\u50b5\u6b0a)\uc744 \ud45c\ucc3d\ud558\ub294 \uc720\uac00\uc99d\uad8c(\u6709\u50f9\u8b49\u5238)\uc784.(\uad6d\ucc44, \ud1b5\uc548\uc99d\uad8c, \uc9c0\ubc29\ucc44, \uc740\ud589\ucc44, \uae08\uc735\ucc44, \ud2b9\uc218\ucc44, \ud68c\uc0ac\ucc44 \ub4f1)<br \/>\n<span style=\"color: #800000;\">2)<\/span> \uc790\uc0b0\uc720\ub3d9\ud654\uc99d\uad8c(Asset Backed Securitie, ABS) : \ubd80\ub3d9\uc0b0, \ub9e4\ucd9c\ucc44\uad8c, \uc720\uac00\uc99d\uad8c, \uc8fc\ud0dd\uc800\ub2f9\ucc44\uad8c, \uae30\ud0c0 \uc7ac\uc0b0\uad8c \ub4f1\uacfc \uac19\uc740 \uc720\ud615\u318d\ubb34\ud615\uc758 \uc720\ub3d9\ud654\uc790\uc0b0(Underlying Asset)\uc744 \uae30\ucd08\ub85c \ud558\uc5ec \ubc1c\ud589\ub41c \uc99d\uad8c<\/p>\n<ul>\n<li>\uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(Mortgage Backed Securities, MBS) : \uc8fc\ud0dd\uc800\ub2f9\ucc44\uad8c\uc744 \uae30\ucd08\uc790\uc0b0\uc73c\ub85c \ud558\uc5ec \ubc1c\ud589\ub418\ub294 ABS<\/li>\n<li>\ucc44\uad8c\ub2f4\ubcf4\ubd80\uc99d\uad8c(Collateralized Bond Obligation, CBO) : \ucc44\uad8c\uc744 \uae30\ucd08\ub85c \ubc1c\ud589\ub418\ub294 ABS<\/li>\n<li>\ub300\ucd9c\ucc44\uad8c\ub2f4\ubcf4\ubd80\uc99d\uad8c(Collateralized Loan Obligation,CLO) : \ub300\ucd9c\ucc44\uad8c\uc744 \uae30\ucd08\ub85c \ubc1c\ud589\ub418\ub294 ABS<\/li>\n<li>\uc790\uc0b0\ub2f4\ubcf4\ubd80\uae30\uc5c5\uc5b4\uc74c(Asset Backed Commercial Paper, ABCP) : CP\uc758 \ud615\ud0dc\ub85c \ubc1c\ud589\ub418\ub294 ABS<\/li>\n<\/ul>\n<p><span style=\"color: #800000;\">3)<\/span> \uc8fc\uc2dd(stock) : \uc8fc\uc8fc\uac00 \uc8fc\uc2dd\ud68c\uc0ac\uc5d0 \ucd9c\uc790\ud55c \uc77c\uc815\ud55c \uc9c0\ubd84 \ub610\ub294 \uc774\ub97c \ub098\ud0c0\ub0b4\ub294 \uc99d\uad8c<\/p>\n<ul>\n<li>\uc720\uac00\uc99d\uad8c\uc2dc\uc7a5 : \uac70\ub798\uc18c\uc5d0\uc11c \uac1c\uc124\ud558\ub294 \uc2dc\uc7a5, KOSPI<\/li>\n<li>\ucf54\uc2a4\ub2e5\uc2dc\uc7a5 : KOSPI \uc0c1\uc7a5\uc870\uac74\uc5d0 \ubbf8\ub2ec\ud558\ub294 \ud68c\uc0ac\uc5d0\uac8c \uae30\ud68c \uc81c\uacf5, \ud22c\uc790\uc790\uc5d0\uac8c\ub294 \uace0\uc218\uc775, \uace0\uc704\ud5d8<\/li>\n<\/ul>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (7) \ud30c\uc0dd\uae08\uc735\uc0c1\ud488\uc2dc\uc7a5(financial derivatives market)<\/strong><\/p>\n<p>\u25c6 \ud30c\uc0dd\uae08\uc735\uc0c1\ud488 : \ud658\uc728\uc774\ub098 \uae08\ub9ac, \uc8fc\uac00 \ub4f1\uc758 \uc2dc\uc138\ubcc0\ub3d9\uc5d0 \ub530\ub978 \uc190\uc2e4 \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud574 \uc77c\uc815 \uc2dc\uc810\uc5d0 \uc77c\uc815\ud55c \uac00\uaca9\uc73c\ub85c \uc8fc\uc2dd\uacfc \ucc44\uad8c \uac19\uc740 \uc804\ud1b5\uc801\uc778 \uae08\uc735\uc0c1\ud488\uc744 \uae30\ucd08\uc790\uc0b0\uc73c\ub85c \ud558\uc5ec, \uc0c8\ub85c\uc6b4 \ud604\uae08\ud750\ub984\uc744 \uac00\uc838\ub2e4\uc8fc\ub294 \uc99d\uad8c<br \/>\n\u25c6 \uc885\ub958 : \uc120\ubb3c, \uc120\ub3c4, \uc635\uc158, \uc2a4\uc651 \ub4f1<br \/>\n\u25c6 \uae30\ub2a5 : \uae08\uc735\uc2dc\uc7a5 \ucc38\uac00\uc790\uc5d0\uac8c \uc704\ud5d8 \ud5e4\uc9c0(Hedge) \uae30\ud68c\ub97c \uc81c\uacf5\ud558\uc5ec, \uc790\uc2e0\uc758 \uc704\ud5d8 \uc120\ud638\ub3c4\uc5d0 \ub530\ub77c \uc790\uc0b0 \uad6c\uc131\uc744 \uc27d\uac8c \ud558\ub294 \uae30\ub2a5, \uc989 \uc704\ud5d8 \ud68c\ud53c\uc790\ub294 \uc790\uc0b0 \ubc0f \ubd80\ucc44\uc758 \uac00\uce58\ubcc0\ub3d9\uc5d0 \ub530\ub978 \uc704\ud5d8\uc744 \ud68c\ud53c\ud560 \uc218 \uc788\uc73c\uba70 \uc704\ud5d8 \uc120\ud638\uc790 \ub610\ub294 \ud22c\uc790\uc790\ub294 \uc774\ub7ec\ud55c \ubcc0\ub3d9\uc744 \uc608\uce21\ud568\uc73c\ub85c\uc368 \uc774\uc775\ud68d\ub4dd \uae30\ud68c\ub97c \uc5bb\uc744 \uc218 \uc788\uc74c<\/p>\n<p><span style=\"color: #800000;\">1)<\/span> \uc120\ubb3c\uac70\ub798(futures trading) : \ud488\uc9c8, \uc218\ub7c9, \uaddc\uaca9 \ub4f1\uc774 \ud45c\uc900\ud654\ub418\uc5b4 \uc788\ub294 \uc0c1\ud488 \ub610\ub294 \uae08\uc735\uc790\uc0b0\uc744 \ubbf8\ub9ac \uacb0\uc815\ub41c \uac00\uaca9\uc73c\ub85c \ubbf8\ub798 \uc77c\uc815\uc2dc\uc810\uc5d0 \uc778\ub3c4\u00b7\uc778\uc218\ud560 \uac83\uc744 \uc57d\uc815\ud55c \uac70\ub798(\uc120\ubb3c\ud658, \uc8fc\uac00\uc9c0\uc218\uc120\ubb3c\uc2dc\uc7a5 \ub4f1)<br \/>\n<span style=\"color: #800000;\">2)<\/span> \uc635\uc158(option) : \uae30\ucd08\uc790\uc0b0\uc744 \ubbf8\ub798\uc758 \ud2b9\uc815\uae30\uac04(\uc2dc\uc810) \uc911 \ud2b9\uc815 \ud589\uc0c1\uac00\uaca9\uc73c\ub85c \ub9e4\uc785\ud558\uac70\ub098 \ub9e4\uac01\ud560 \uc218 \uc788\ub294 \uad8c\ub9ac\ub97c \uc0ac\uace0 \ud31c, \ud504\ub9ac\ubbf8\uc5c4 \uc9c0\uae09(\uc8fc\uac00\uc9c0\uc218\uc635\uc158\uc2dc\uc7a5, \ud1b5\ud654\uc635\uc158\uc2dc\uc7a5 \ub4f1)<\/p>\n<ul>\n<li>\ucf5c\uc635\uc158(call option) : \uae30\ucd08\uc790\uc0b0\uc744 \uc77c\uc815\uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac(\uae30\ucd08\uac00\uaca9 \uc0c1\uc2b9 \uc608\uc0c1\uc2dc \ub9e4\uc785)<\/li>\n<li>\ud48b\uc635\uc158(put option) : \uae30\ucd08\uc790\uc0b0\uc744 \uc77c\uc815\uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac(\uae30\ucd08\uac00\uaca9 \ud558\ub77d \uc608\uc0c1\uc2dc \ub9e4\uc785)<\/li>\n<\/ul>\n<p><span style=\"color: #800000;\">3)<\/span> \uc2a4\uc651(swaps) : \ubbf8\ub798\uc758 \ud2b9\uc815\uae30\uac04(\uc2dc\uc810) \ub3d9\uc548\uc5d0 \uc77c\uc815\ud55c \uae08\uc735\uc790\uc0b0(\ub610\ub294 \uae08\uc735\ubd80\ucc44)\ub098 \uc0c1\ud488\uc744 \uac70\ub798 \uc0c1\ub300\ubc29\uc758 \uae08\uc735\uc790\uc0b0(\ub610\ub294 \uae08\uc735\ubd80\ucc44)\ub098 \uc0c1\ud488\uacfc \uad50\ud658\ud560 \uac83\uc744 \uc57d\uc18d\ud558\ub294 \uac70\ub798(\uae08\ub9ac\uc2a4\uc651, \ud1b5\ud654\uc2a4\uc651, \uc678\ud658\uc2a4\uc651 \ub4f1)<br \/>\n<span style=\"color: #800000;\">4)<\/span> \uc2e0\uc6a9\ud30c\uc0dd\uc0c1\ud488(credit derivatives) : \uae30\ucd08\uc790\uc0b0\uc778 \ub300\ucd9c \ubc0f \ud68c\uc0ac\ucc44 \ub4f1\uc5d0 \ub0b4\uc7ac\ub41c \uc2e0\uc6a9\uc704\ud5d8\uc758 \uc77c\ubd80 \ud639\uc740 \uc804\ubd80\ub97c \uae30\ucd08\uc790\uc0b0\uacfc \ubd84\ub9ac\ud558\uc5ec \uac70\ub798\ub2f9\uc0ac\uc790\uac04\uc5d0 \uc774\uc804\ud558\ub294 \uae08\uc735\uac70\ub798\uacc4\uc57d \ud615\ud0dc\uc758 \uae08\uc735\uc0c1\ud488<\/p>\n<ul>\n<li>\uc2e0\uc6a9\ud30c\uc0b0\uc2a4\uc651(Credit Default Swap, CDS)<\/li>\n<li>\ucd1d\uc218\uc775\uc2a4\uc651(Total Return Swap, TRS)<\/li>\n<li>\uc2e0\uc6a9\uc5f0\uacc4\uc99d\uad8c(Credit Linked Note, CLN)<\/li>\n<li>\uc2e0\uc6a9\uc635\uc158(Credit Spread Option, CSO)<\/li>\n<li>\ud569\uc131\ub2f4\ubcf4\ubd80\uc99d\uad8c(Synthetic Collateralized Debt Obligation, Synthetic CDO)<\/li>\n<\/ul>\n<p>\u203b \uc120\ub3c4\uacc4\uc57d(forward contract) : \uac70\ub798 \ub9e4\ub9e4\uc5d0\uc11c, \uacc4\uc57d \ud6c4 \uc77c\uc815 \uae30\ud55c\uc774 \uc9c0\ub09c \ub4a4\uc5d0 \ud654\ubb3c\uc774 \uc778\ub3c4\ub418\ub294 \ud615\ud0dc(\ub2f9\uc0ac\uc790\uac04 \uc30d\ubb34 \uac70\ub798-\uc120\ubb3c\uacfc \ube44\uc2b7\ud558\uc9c0\ub9cc \ub2e4\ub984)<\/p>\n<p><strong style=\"font-size: 13pt; color: blue;\"> (8) \uc678\ud658\uc2dc\uc7a5<\/strong><\/p>\n<p>\u25c6 \uc678\ud658\uc2dc\uc7a5(foreign exchange market) : \uc678\ud658(\uc678\ud654)\uc758 \uc218\uc694\uc640 \uacf5\uae09\uc774 \uc774\ub8e8\uc5b4\uc9c0\ub294 \uc2dc\uc7a5<\/p>\n<p><img style=\"border: 1px solid black;\" src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/11\/\uc678\ud658\uc2dc\uc7a5\uad6c\uc870.png\" alt=\"\" width=\"580\" \/><\/p>\n<p>\u25c6 \ud658\uc728\uc758 \uacb0\uc815\uc774\ub860 : \uad6c\ub9e4\ub825\ud3c9\uac00\uc124 \/ \uad6d\uc81c\ud53c\uc154\ud6a8\uacfc \/ \uc774\uc790\uc728\ud3c9\uac00\uc124 \/ \ud6a8\uc728\uc801\uc2dc\uc7a5\uac00\uc124 \ub4f1<br \/>\n\u25c6 \ud658\uc728\ubcc0\ub3d9\uc758 \uc608\uce21 : \ubb3c\uac00 \/ \uacbd\uc81c\uc131\uc7a5 \/ \uae08\ub9ac \/ \ud1b5\ud654\ub7c9 \/ \uc8fc\uc694\uad6d \ud1b5\ud654\uac00\uce58 \ubcc0\ub3d9 \/ \uac01\uc885 \ub274\uc2a4 \ub4f1<br \/>\n\u25c6 \uade0\ud615\ud658\uc728\uc758 \ucd94\uc815 : \uad6c\uc870\ubaa8\ud615 \/ \uc2e4\uc9c8\uc2e4\ud6a8\ud658\uc728(PEER) \/ \uae30\uc870\uc801 \uade0\ud615\ud658\uc728(FEER)<br \/>\n\u25c6 \uc678\ud658\uac70\ub798 \ubd84\ub958 : \ud604\ubb3c\ud658\uac70\ub798 \/ \uc120\ubb3c\ud658\uac70\ub798 \/ \uc678\ud658\uc2a4\uc651\uac70\ub798 \/ \ud1b5\ud654\uc2a4\uc651\uac70\ub798 \/ \ud1b5\ud654\uc635\uc158\uac70\ub798 \ub4f1<br \/>\n<span style=\"color: #800000;\">1)<\/span> \ud604\ubb3c\ud658(spot exchange) : \uc678\uad6d\ud658 \ub9e4\ub9e4\uacc4\uc57d\uacfc \ub3d9\uc2dc \ub610\ub294 2\uc601\uc5c5\uc77c \uc774\ub0b4\uc5d0 \ubc1b\ub294 \uc678\uad6d\ud658<br \/>\n<span style=\"color: #800000;\">2)<\/span> \uc120\ubb3c\ud658(forward exchange) : \ubbf8\ub798 \uc77c\uc815\uae30\uc77c(\uae30\uac04)\uc5d0 \uc77c\uc815\uc561\uc758 \uc678\uad6d\ud658\uc744 \uc77c\uc815\ud55c \ud658\uc2dc\uc138\ub85c \ub9e4\ub9e4\ud560 \uac83\uc744 \ubbf8\ub9ac \uc57d\uc18d\ud55c \uc678\uad6d\ud658<br \/>\n<span style=\"color: #800000;\">3)<\/span> \ucc28\uc561\uacb0\uc81c\uc120\ubb3c\ud658\uc2dc\uc7a5(Non-Deliverable Forward, NDF) : \ub9cc\uae30\uc5d0 \uacc4\uc57d\uc6d0\uae08\uc758 \uad50\ud658\uc5c6\uc774 \uc57d\uc815\ud658\uc728\uacfc \ub9cc\uae30\uc2dc \ud604\ubb3c\ud658\uc728\uc778 \uc9c0\uc815\ud658\uc728\uac04\uc758 \ucc28\uc561\ub9cc\ud07c\ub9cc \uc9c0\uc815\ud1b5\ud654\ub85c \uacb0\uc81c\ud558\ub294 \uac70\ub798 \/ \uacb0\uc81c\uc704\ud5d8\uc774 \ub0ae\uace0 \ub808\ubc84\ub9ac\uc9c0 \ud6a8\uacfc\uac00 \ub192\uc74c<\/p>\n<p>\u25c6 \uc678\ud658\uc2dc\uc7a5 \uac1c\uc785 : \uc678\ud658\ub2f9\uad6d\uc774 \uc9c1\uc811 \uc678\ud658\uc2dc\uc7a5\uc5d0 \ucc38\uac00\ud558\uc5ec \uc678\ud654\uc790\uc0b0\uc740 \ub9e4\uc785\/\ub9e4\uac01<\/p>\n<p>[line][\/line]<br \/>\n\u2605 \ubcf8 \ud3ec\uc2a4\ud2b8\ub294 PC \uc5d0 \ucd5c\uc801\ud654\ub418\uc5b4 \uc788\uc74c<br \/>\n\u203b \ubcf8 \ub0b4\uc6a9\uc740 \ud55c\ub450 \ubc88\uc5d0 \uac78\uccd0 \uc218\uc815\ub420 \uac00\ub2a5\uc131\uc774 \ub192\uc74c.<\/p>\n<p>[mqe][\/mqe]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[mqe][\/mqe] \u2605 \ubcf8 \ud3ec\uc2a4\ud2b8\ub294 PC \uc5d0 \ucd5c\uc801\ud654\ub418\uc5b4 \uc788\uc74c [line][\/line] \ubcf8 \ub0b4\uc6a9\uc740 \ub9e8\ud050\uc758 \uacbd\uc81c\ud559 10\ubd80 29\uc7a5. \ud1b5\ud654\uc81c\ub3c4 \ub97c \ud655\uc7a5\ud55c \ub0b4\uc6a9(\uc0ac\uc2e4\uc0c1 \ubc94\uc704\uac00 \ud6e8\uc52c \ud070 \ub0b4\uc6a9)\uc73c\ub85c \uae08\uc735\uc2dc\uc7a5\ub860\uc5d0 \ub300\ud55c \ucd5c\ub300\ud55c\uc758 \ucd95\uc18c \uc815\ub9ac\ub85c \uacbd\uc81c\ub300\ud559\uc6d0 \ubc15\uad50\uc218\ub2d8\uc758 \uc790\ub8cc \ubaa9\ucc28\ub97c \uc911\uc2ec\uc73c\ub85c \uac15\uc758\uc758 \uc790\ub8cc\/\ub0b4\uc6a9\uacfc \uc704\ud0a4\ud53c\ub514\uc544, \ub098\ubb34\uc704\ud0a4, \ub124\uc774\ubc84\uc9c0\uc2dd\ubc31\uacfc\ub97c \ucc38\uace0\ud558\uc5ec \uc791\uc131\ud55c\ub2e4. \u203b \ubcf8 \ub0b4\uc6a9 \uc911 \ub2e4\uc218\uc758 \uc774\ubbf8\uc9c0\ub294 \ubc15\uad50\uc218\ub2d8\uc758 \uc790\ub8cc \uc774\ubbf8\uc9c0\uc774\uba70, \ub354 \uc790\uc138\ud55c \ucd9c\ucc98 \ubaa8\ub984. \u203b \uacbd\uc81c\ud559\uc5d0\uc11c [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1907],"tags":[2036,2046,331,2042,2041,2045,2039,2038,2044,2043,2040,2037,1936],"jetpack_featured_media_url":"","views":"","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/8690"}],"collection":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8690"}],"version-history":[{"count":43,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/8690\/revisions"}],"predecessor-version":[{"id":21739,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/8690\/revisions\/21739"}],"wp:attachment":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8690"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}