{"id":40769,"date":"2026-09-09T11:29:44","date_gmt":"2026-09-09T04:29:44","guid":{"rendered":"https:\/\/edutrade.vn\/?p=40769"},"modified":"2026-09-09T11:30:26","modified_gmt":"2026-09-09T04:30:26","slug":"ky-quy-margin-trong-giao-dich-hang-hoa-la-gi","status":"publish","type":"post","link":"https:\/\/edutrade.vn\/en\/ky-quy-margin-trong-giao-dich-hang-hoa-la-gi\/","title":{"rendered":"K\u00fd qu\u1ef9 Margin trong giao d\u1ecbch h\u00e0ng h\u00f3a l\u00e0 g\u00ec?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Trong <\/span><a href=\"https:\/\/edutrade.vn\/en\/san-giao-dich-hang-hoa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">giao d\u1ecbch h\u00e0ng h\u00f3a ph\u00e1i sinh<\/span><\/a><span style=\"font-weight: 400;\">, nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 c\u1ea7n n\u1ed9p m\u1ed9t kho\u1ea3n ti\u1ec1n k\u00fd qu\u1ef9 \u0111\u1ec3 m\u1edf v\u00e0 duy tr\u00ec v\u1ecb th\u1ebf, thay v\u00ec thanh to\u00e1n to\u00e0n b\u1ed9 gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng. K\u00fd qu\u1ef9 l\u00e0 kho\u1ea3n ti\u1ec1n b\u1ea3o \u0111\u1ea3m ngh\u0129a v\u1ee5 giao d\u1ecbch, kh\u00f4ng ph\u1ea3i ti\u1ec1n vay nh\u01b0 margin trong ch\u1ee9ng kho\u00e1n.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B\u00e0i vi\u1ebft d\u01b0\u1edbi \u0111\u00e2y s\u1ebd gi\u1ea3i th\u00edch theo c\u00e1ch d\u1ec5 hi\u1ec3u, k\u00e8m v\u00ed d\u1ee5 minh h\u1ecda \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi c\u00f3 th\u1ec3 h\u00ecnh dung r\u00f5 h\u01a1n.<\/span><\/p>\n<h2><b>T\u1ed5ng quan v\u1ec1 k\u00fd qu\u1ef9 Margin trong giao d\u1ecbch h\u00e0ng h\u00f3a<\/b><\/h2>\n<h3><b>K\u00fd qu\u1ef9 Margin l\u00e0 g\u00ec?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 (c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 Margin) l\u00e0 kho\u1ea3n ti\u1ec1n nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n n\u1ed9p v\u00e0 duy tr\u00ec trong t\u00e0i kho\u1ea3n giao d\u1ecbch \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o c\u00e1c ngh\u0129a v\u1ee5 t\u00e0i ch\u00ednh ph\u00e1t sinh t\u1eeb v\u1ecb th\u1ebf.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">N\u00f3i \u0111\u01a1n gi\u1ea3n, khi mu\u1ed1n mua ho\u1eb7c b\u00e1n m\u1ed9t h\u1ee3p \u0111\u1ed3ng h\u00e0ng h\u00f3a ph\u00e1i sinh, nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i c\u00f3 s\u1eb5n m\u1ed9t kho\u1ea3n ti\u1ec1n nh\u1ea5t \u0111\u1ecbnh trong t\u00e0i kho\u1ea3n. Kho\u1ea3n ti\u1ec1n n\u00e0y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ti\u1ec1n k\u00fd qu\u1ef9.<\/span><\/p>\n<p><b>Ti\u1ec1n k\u00fd qu\u1ef9 = Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng \u00d7 T\u1ef7 l\u1ec7 k\u00fd qu\u1ef9<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V\u00ed d\u1ee5, v\u1edbi h\u1ee3p \u0111\u1ed3ng c\u00f3 gi\u00e1 tr\u1ecb danh ngh\u0129a 500 tri\u1ec7u \u0111\u1ed3ng v\u00e0 t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 20%, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n kho\u1ea3ng 100 tri\u1ec7u \u0111\u1ed3ng \u0111\u1ec3 m\u1edf v\u1ecb th\u1ebf.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ti\u1ec1n k\u00fd qu\u1ef9 th\u01b0\u1eddng l\u00e0 kho\u1ea3n ti\u1ec1n d\u00f9ng \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o ngh\u0129a v\u1ee5 khi m\u1edf v\u1ecb th\u1ebf, kh\u00f4ng ph\u1ea3i to\u00e0n b\u1ed9 gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng. Tuy nhi\u00ean, vi\u1ec7c d\u00f9ng s\u1ed1 v\u1ed1n nh\u1ecf h\u01a1n \u0111\u1ec3 ki\u1ec3m so\u00e1t m\u1ed9t v\u1ecb th\u1ebf l\u1edbn c\u00f3 th\u1ec3 khi\u1ebfn t\u00e0i kho\u1ea3n nh\u1ea1y c\u1ea3m h\u01a1n v\u1edbi bi\u1ebfn \u0111\u1ed9ng gi\u00e1. N\u1ebfu <\/span><a href=\"https:\/\/edutrade.vn\/en\/thi-truong-hang-hoa-phai-sinh-la-gi\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">th\u1ecb tr\u01b0\u1eddng<\/span><\/a><span style=\"font-weight: 400;\"> \u0111i ng\u01b0\u1ee3c d\u1ef1 \u0111o\u00e1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ph\u00e1t sinh kho\u1ea3n l\u1ed7 \u0111\u00e1ng k\u1ec3.<\/span><\/p>\n<h3><b>C\u00e1c thu\u1eadt ng\u1eef li\u00ean quan \u0111\u1ebfn k\u00fd qu\u1ef9 c\u1ea7n bi\u1ebft<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">\u0110\u1ec3 hi\u1ec3u r\u00f5 c\u01a1 ch\u1ebf k\u00fd qu\u1ef9, nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi n\u00ean n\u1eafm v\u1eefng m\u1ed9t s\u1ed1 thu\u1eadt ng\u1eef c\u01a1 b\u1ea3n sau:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gi\u00e1 tr\u1ecb danh ngh\u0129a:<\/b><span style=\"font-weight: 400;\"> l\u00e0 t\u1ed5ng gi\u00e1 tr\u1ecb c\u1ee7a h\u1ee3p \u0111\u1ed3ng, \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh d\u1ef1a tr\u00ean gi\u00e1 giao d\u1ecbch v\u00e0 quy m\u00f4 h\u1ee3p \u0111\u1ed3ng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>T\u1ef7 l\u1ec7 k\u00fd qu\u1ef9:<\/b><span style=\"font-weight: 400;\"> l\u00e0 t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m th\u1ec3 hi\u1ec7n m\u1ee9c ti\u1ec1n c\u1ea7n c\u00f3 so v\u1edbi gi\u00e1 tr\u1ecb danh ngh\u0129a c\u1ee7a h\u1ee3p \u0111\u1ed3ng ho\u1eb7c c\u01a1 s\u1edf t\u00ednh t\u01b0\u01a1ng \u1ee9ng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ti\u1ec1n k\u00fd qu\u1ef9:<\/b><span style=\"font-weight: 400;\"> l\u00e0 kho\u1ea3n ti\u1ec1n duy tr\u00ec \u0111\u1ec3 giao d\u1ecbch; gi\u00e1 tr\u1ecb t\u00e0i kho\u1ea3n thay \u0111\u1ed5i theo l\u00e3i l\u1ed7 c\u1ee7a v\u1ecb th\u1ebf.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>T\u00e0i s\u1ea3n k\u00fd qu\u1ef9:<\/b><span style=\"font-weight: 400;\"> l\u00e0 ti\u1ec1n ho\u1eb7c t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o ngh\u0129a v\u1ee5 giao d\u1ecbch theo quy \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>K\u00fd qu\u1ef9 ban \u0111\u1ea7u:<\/b><span style=\"font-weight: 400;\"> l\u00e0 s\u1ed1 ti\u1ec1n t\u1ed1i thi\u1ec3u c\u1ea7n c\u00f3 \u0111\u1ec3 m\u1edf v\u1ecb th\u1ebf, ch\u01b0a bao g\u1ed3m kho\u1ea3n d\u1ef1 ph\u00f2ng cho thua l\u1ed7 ph\u00e1t sinh.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>K\u00fd qu\u1ef9 duy tr\u00ec:<\/b><span style=\"font-weight: 400;\"> l\u00e0 m\u1ee9c t\u00e0i s\u1ea3n t\u1ed1i thi\u1ec3u c\u1ea7n gi\u1eef khi n\u1eafm gi\u1eef v\u1ecb th\u1ebf, tr\u00e1nh c\u1ea3nh b\u00e1o ho\u1eb7c y\u00eau c\u1ea7u b\u1ed5 sung t\u00e0i s\u1ea3n.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Margin Call:<\/b><span style=\"font-weight: 400;\"> l\u00e0 y\u00eau c\u1ea7u nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ed5 sung ti\u1ec1n ho\u1eb7c t\u00e0i s\u1ea3n khi t\u00e0i kho\u1ea3n gi\u1ea3m d\u01b0\u1edbi m\u1ee9c k\u00fd qu\u1ef9 duy tr\u00ec quy \u0111\u1ecbnh.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Thanh l\u00fd v\u1ecb th\u1ebf:<\/b><span style=\"font-weight: 400;\"> l\u00e0 \u0111\u00f3ng v\u1ecb th\u1ebf \u0111\u1ec3 ch\u1ed1t l\u1eddi, c\u1eaft l\u1ed7, gi\u1ea3m r\u1ee7i ro ho\u1eb7c \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u k\u00fd qu\u1ef9.<\/span><\/li>\n<\/ul>\n<h2><b>C\u00e1c h\u00ecnh th\u1ee9c k\u00fd qu\u1ef9 trong giao d\u1ecbch h\u00e0ng h\u00f3a<\/b><\/h2>\n<figure id=\"attachment_40778\" aria-describedby=\"caption-attachment-40778\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-40778\" src=\"https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-scaled.png\" alt=\"C\u00e1c h\u00ecnh th\u1ee9c k\u00fd qu\u1ef9 trong giao d\u1ecbch h\u00e0ng h\u00f3a\" width=\"2560\" height=\"1706\" srcset=\"https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-scaled.png 2560w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-300x200.png 300w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-1024x683.png 1024w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-768x512.png 768w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-1536x1024.png 1536w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-2048x1365.png 2048w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Cac-hinh-thuc-ky-quy-trong-giao-dich-hang-hoa-18x12.png 18w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><figcaption id=\"caption-attachment-40778\" class=\"wp-caption-text\">C\u00e1c h\u00ecnh th\u1ee9c k\u00fd qu\u1ef9 trong giao d\u1ecbch h\u00e0ng h\u00f3a<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 trong giao d\u1ecbch ph\u00e1i sinh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c ph\u00e2n th\u00e0nh nhi\u1ec1u lo\u1ea1i. T\u00ean g\u1ecdi v\u00e0 c\u00e1ch \u00e1p d\u1ee5ng c\u00f3 th\u1ec3 kh\u00e1c nhau t\u00f9y th\u1ecb tr\u01b0\u1eddng, s\u1ea3n ph\u1ea9m v\u00e0 quy \u0111\u1ecbnh c\u1ee7a t\u1eebng \u0111\u01a1n v\u1ecb.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vi\u1ec7c ph\u00e2n bi\u1ec7t c\u00e1c lo\u1ea1i k\u00fd qu\u1ef9 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u r\u00f5 kho\u1ea3n ti\u1ec1n n\u00e0o d\u00f9ng \u0111\u1ec3 m\u1edf v\u1ecb th\u1ebf, kho\u1ea3n n\u00e0o c\u1ea7n duy tr\u00ec v\u00e0 kho\u1ea3n n\u00e0o c\u00f3 th\u1ec3 ph\u00e1t sinh khi h\u1ee3p \u0111\u1ed3ng ti\u1ebfn g\u1ea7n \u0111\u1ebfn giai \u0111o\u1ea1n \u0111\u00e1o h\u1ea1n.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">C\u00e1c t\u00ean g\u1ecdi v\u00e0 c\u01a1 ch\u1ebf k\u00fd qu\u1ef9 \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y d\u01b0\u1edbi \u0111\u00e2y mang t\u00ednh t\u1ed5ng quan. Khi giao d\u1ecbch qua MXV, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n tham kh\u1ea3o v\u00e0 \u00e1p d\u1ee5ng c\u00e1c thu\u1eadt ng\u1eef, t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 v\u00e0 quy tr\u00ecnh \u0111ang c\u00f3 hi\u1ec7u l\u1ef1c theo quy \u0111\u1ecbnh c\u1ee7a MXV v\u00e0 th\u00e0nh vi\u00ean kinh doanh.<\/span><\/i><\/p>\n<h3><b>K\u00fd qu\u1ef9 ban \u0111\u1ea7u (Initial Margin)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 ban \u0111\u1ea7u l\u00e0 kho\u1ea3n ti\u1ec1n ho\u1eb7c t\u00e0i s\u1ea3n t\u1ed1i thi\u1ec3u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u00e1p \u1ee9ng tr\u01b0\u1edbc khi m\u1edf v\u1ecb th\u1ebf giao d\u1ecbch h\u00e0ng h\u00f3a.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">M\u1ee9c k\u00fd qu\u1ef9 ph\u1ee5 thu\u1ed9c v\u00e0o lo\u1ea1i h\u00e0ng h\u00f3a, quy m\u00f4 h\u1ee3p \u0111\u1ed3ng, gi\u00e1 giao d\u1ecbch, m\u1ee9c \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng v\u00e0 quy \u0111\u1ecbnh c\u1ee7a s\u1edf giao d\u1ecbch. V\u00ec v\u1eady, m\u1ed7i nh\u00f3m s\u1ea3n ph\u1ea9m nh\u01b0 <\/span><a href=\"https:\/\/edutrade.vn\/en\/danh-muc-san-pham\/nong-san\/\" target=\"_blank\" rel=\"noopener\"><b>n\u00f4ng s\u1ea3n<\/b><\/a>, <a href=\"https:\/\/edutrade.vn\/en\/danh-muc-san-pham\/nguyen-lieu\/\" target=\"_blank\" rel=\"noopener\"><b>nguy\u00ean li\u1ec7u c\u00f4ng nghi\u1ec7p<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/edutrade.vn\/en\/danh-muc-san-pham\/kim-loai\/\" target=\"_blank\" rel=\"noopener\"><b>kim lo\u1ea1i<\/b><\/a><span style=\"font-weight: 400;\"> c\u00f3 th\u1ec3 c\u00f3 y\u00eau c\u1ea7u kh\u00e1c nhau.<\/span><\/p>\n<p><b>K\u00fd qu\u1ef9 ban \u0111\u1ea7u = Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng \u00d7 T\u1ef7 l\u1ec7 k\u00fd qu\u1ef9<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V\u00ed d\u1ee5, v\u1edbi h\u1ee3p \u0111\u1ed3ng tr\u1ecb gi\u00e1 400 tri\u1ec7u \u0111\u1ed3ng v\u00e0 t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 15%:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u00e1p \u1ee9ng kho\u1ea3ng 60 tri\u1ec7u \u0111\u1ed3ng \u0111\u1ec3 m\u1edf v\u1ecb th\u1ebf theo gi\u1ea3 \u0111\u1ecbnh tr\u00ean. <\/span><b>K\u00fd qu\u1ef9 ban \u0111\u1ea7u = 400 tri\u1ec7u \u00d7 15% = 60 tri\u1ec7u \u0111\u1ed3ng<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">M\u1ee9c k\u00fd qu\u1ef9 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh ho\u1eb7c quy \u0111\u1ecbnh thay \u0111\u1ed5i. V\u00ec v\u1eady, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ki\u1ec3m tra y\u00eau c\u1ea7u hi\u1ec7n h\u00e0nh c\u1ee7a t\u1eebng s\u1ea3n ph\u1ea9m tr\u01b0\u1edbc khi \u0111\u1eb7t l\u1ec7nh.<\/span><\/p>\n<h3><b>K\u00fd qu\u1ef9 duy tr\u00ec (Maintenance Margin)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 duy tr\u00ec l\u00e0 m\u1ee9c t\u00e0i s\u1ea3n t\u1ed1i thi\u1ec3u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n gi\u1eef trong t\u00e0i kho\u1ea3n khi \u0111ang n\u1eafm gi\u1eef v\u1ecb th\u1ebf. M\u1ee9c n\u00e0y gi\u00fap \u0111\u1ea3m b\u1ea3o t\u00e0i kho\u1ea3n c\u00f3 kh\u1ea3 n\u0103ng \u0111\u00e1p \u1ee9ng ngh\u0129a v\u1ee5 ph\u00e1t sinh khi gi\u00e1 bi\u1ebfn \u0111\u1ed9ng.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">S\u1ed1 ti\u1ec1n c\u1ea7n \u0111\u1ec3 m\u1edf v\u1ecb th\u1ebf kh\u00f4ng nh\u1ea5t thi\u1ebft b\u1eb1ng m\u1ee9c k\u00fd qu\u1ef9 duy tr\u00ec. N\u1ebfu t\u00e0i s\u1ea3n gi\u1ea3m d\u01b0\u1edbi ng\u01b0\u1ee1ng quy \u0111\u1ecbnh, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ph\u1ea3i b\u1ed5 sung ti\u1ec1n ho\u1eb7c gi\u1ea3m v\u1ecb th\u1ebf.<\/span><\/p>\n<p><b>C\u00f4ng th\u1ee9c:<\/b><\/p>\n<p><b>T\u00e0i s\u1ea3n c\u00f2n l\u1ea1i = Ti\u1ec1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u &#8211; Kho\u1ea3n l\u1ed7<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V\u00ed d\u1ee5:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ti\u1ec1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u: 100 tri\u1ec7u \u0111\u1ed3ng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 duy tr\u00ec: 80 tri\u1ec7u \u0111\u1ed3ng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kho\u1ea3n l\u1ed7: 25 tri\u1ec7u \u0111\u1ed3ng.<\/span><\/li>\n<\/ul>\n<p><b>T\u00e0i s\u1ea3n c\u00f2n l\u1ea1i = 100 &#8211; 25 = 75 tri\u1ec7u \u0111\u1ed3ng<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V\u00ec 75 tri\u1ec7u \u0111\u1ed3ng th\u1ea5p h\u01a1n m\u1ee9c duy tr\u00ec 80 tri\u1ec7u \u0111\u1ed3ng, t\u00e0i kho\u1ea3n c\u00f3 th\u1ec3 ph\u00e1t sinh <\/span><b>Margin Call<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Khi \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n n\u1ed9p th\u00eam ti\u1ec1n ho\u1eb7c \u0111\u00f3ng m\u1ed9t ph\u1ea7n\/to\u00e0n b\u1ed9 v\u1ecb th\u1ebf theo quy \u0111\u1ecbnh. Do k\u00fd qu\u1ef9 duy tr\u00ec ch\u1ec9 l\u00e0 ng\u01b0\u1ee1ng t\u1ed1i thi\u1ec3u, n\u00ean chu\u1ea9n b\u1ecb v\u1ed1n d\u1ef1 ph\u00f2ng \u0111\u1ec3 ch\u1ee7 \u0111\u1ed9ng x\u1eed l\u00fd khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng b\u1ea5t l\u1ee3i.<\/span><\/p>\n<h3><b>K\u00fd qu\u1ef9 bi\u1ebfn \u0111\u1ed5i (Variation Margin)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 bi\u1ebfn \u0111\u1ed5i l\u00e0 kho\u1ea3n l\u00e3i ho\u1eb7c l\u1ed7 ph\u00e1t sinh khi gi\u00e1 h\u00e0ng h\u00f3a thay \u0111\u1ed5i. Kho\u1ea3n n\u00e0y \u0111\u01b0\u1ee3c c\u1eadp nh\u1eadt v\u00e0o t\u00e0i kho\u1ea3n trong th\u1eddi gian nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef v\u1ecb th\u1ebf.<\/span><\/p>\n<p><b>L\u00e3i\/l\u1ed7 = Gi\u00e1 tr\u1ecb v\u1ecb th\u1ebf \u00d7 T\u1ef7 l\u1ec7 bi\u1ebfn \u0111\u1ed9ng gi\u00e1<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V\u00ed d\u1ee5, v\u1edbi v\u1ecb th\u1ebf mua tr\u1ecb gi\u00e1 500 tri\u1ec7u \u0111\u1ed3ng v\u00e0 gi\u00e1 h\u00e0ng h\u00f3a gi\u1ea3m 2%.\u00a0<\/span><\/p>\n<p><b>L\u00e3i\/l\u1ed7 = 500 tri\u1ec7u \u00d7 2% = 10 tri\u1ec7u \u0111\u1ed3ng\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Kho\u1ea3n l\u1ed7 minh h\u1ecda n\u00e0y l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb t\u00e0i kho\u1ea3n.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">N\u1ebfu gi\u00e1 t\u0103ng 2%, kho\u1ea3n l\u00e3i 10 tri\u1ec7u \u0111\u1ed3ng.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">N\u1ebfu gi\u00e1 gi\u1ea3m 2%, kho\u1ea3n l\u1ed7 10 tri\u1ec7u \u0111\u1ed3ng.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kho\u1ea3n l\u1ed7 l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb t\u00e0i kho\u1ea3n. N\u1ebfu t\u00e0i s\u1ea3n th\u1ea5p h\u01a1n m\u1ee9c k\u00fd qu\u1ef9 duy tr\u00ec, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 nh\u1eadn Margin Call v\u00e0 ph\u1ea3i b\u1ed5 sung ti\u1ec1n, gi\u1ea3m ho\u1eb7c \u0111\u00f3ng v\u1ecb th\u1ebf.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">C\u00f4ng th\u1ee9c tr\u00ean ch\u1ec9 mang t\u00ednh minh h\u1ecda. L\u00e3i l\u1ed7 th\u1ef1c t\u1ebf c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o quy m\u00f4 h\u1ee3p \u0111\u1ed3ng, b\u01b0\u1edbc gi\u00e1, t\u1ef7 gi\u00e1, ph\u00ed giao d\u1ecbch v\u00e0 ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n.<\/span><\/p>\n<h3><b>K\u00fd qu\u1ef9 giao nh\u1eadn (Delivery Margin)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 giao nh\u1eadn l\u00e0 kho\u1ea3n ti\u1ec1n d\u00f9ng \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o vi\u1ec7c th\u1ef1c hi\u1ec7n h\u1ee3p \u0111\u1ed3ng khi giao d\u1ecbch ti\u1ebfn g\u1ea7n \u0111\u1ebfn giai \u0111o\u1ea1n giao nh\u1eadn ho\u1eb7c thanh to\u00e1n cu\u1ed1i k\u1ef3. T\u00f9y t\u1eebng s\u1ea3n ph\u1ea9m, h\u1ee3p \u0111\u1ed3ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c thanh to\u00e1n b\u1eb1ng ti\u1ec1n ho\u1eb7c giao nh\u1eadn h\u00e0ng h\u00f3a theo quy \u0111\u1ecbnh.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">N\u1ebfu ti\u1ebfp t\u1ee5c gi\u1eef v\u1ecb th\u1ebf \u0111\u1ebfn g\u1ea7n ng\u00e0y \u0111\u00e1o h\u1ea1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n chu\u1ea9n b\u1ecb cho c\u00e1c y\u00eau c\u1ea7u c\u00f3 th\u1ec3 ph\u00e1t sinh. V\u00ec v\u1eady, tr\u01b0\u1edbc khi giao d\u1ecbch, n\u00ean ki\u1ec3m tra ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n, ng\u00e0y giao d\u1ecbch cu\u1ed1i c\u00f9ng v\u00e0 ng\u00e0y \u0111\u00e1o h\u1ea1n. N\u1ebfu kh\u00f4ng c\u00f3 nhu c\u1ea7u ti\u1ebfp t\u1ee5c gi\u1eef h\u1ee3p \u0111\u1ed3ng, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ch\u1ee7 \u0111\u1ed9ng \u0111\u00f3ng v\u1ecb th\u1ebf tr\u01b0\u1edbc th\u1eddi h\u1ea1n.<\/span><\/p>\n<h2><b>Th\u1ee7 t\u1ee5c k\u00fd qu\u1ef9 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a v\u00e0 c\u00e1ch x\u00e1c \u0111\u1ecbnh m\u1ee9c k\u00fd qu\u1ef9<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Sau khi hi\u1ec3u b\u1ea3n ch\u1ea5t c\u1ee7a k\u00fd qu\u1ef9, c\u00e2u h\u1ecfi ti\u1ebfp theo th\u01b0\u1eddng l\u00e0: c\u1ea7n bao nhi\u00eau ti\u1ec1n \u0111\u1ec3 b\u1eaft \u0111\u1ea7u giao d\u1ecbch h\u00e0ng h\u00f3a? C\u00e2u tr\u1ea3 l\u1eddi ph\u1ee5 thu\u1ed9c v\u00e0o s\u1ea3n ph\u1ea9m, quy m\u00f4 h\u1ee3p \u0111\u1ed3ng, gi\u00e1 giao d\u1ecbch, m\u1ee9c k\u00fd qu\u1ef9 v\u00e0 quy \u0111\u1ecbnh t\u1ea1i th\u1eddi \u0111i\u1ec3m m\u1edf v\u1ecb th\u1ebf.<\/span><\/p>\n<h3><b>Th\u1ee7 t\u1ee5c k\u00fd qu\u1ef9 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a g\u1ed3m nh\u1eefng b\u01b0\u1edbc n\u00e0o?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Quy tr\u00ecnh k\u00fd qu\u1ef9 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a th\u01b0\u1eddng g\u1ed3m c\u00e1c b\u01b0\u1edbc ch\u00ednh:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>M\u1edf t\u00e0i kho\u1ea3n giao d\u1ecbch:<\/b><span style=\"font-weight: 400;\"> Ho\u00e0n t\u1ea5t h\u1ed3 s\u01a1 v\u00e0 cung c\u1ea5p th\u00f4ng tin theo y\u00eau c\u1ea7u c\u1ee7a \u0111\u01a1n v\u1ecb cung c\u1ea5p d\u1ecbch v\u1ee5.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>N\u1ed9p ti\u1ec1n v\u00e0o t\u00e0i kho\u1ea3n:<\/b><span style=\"font-weight: 400;\"> Chuy\u1ec3n ti\u1ec1n theo h\u01b0\u1edbng d\u1eabn, \u0111\u1ed3ng th\u1eddi c\u00e2n nh\u1eafc th\u00eam ph\u00ed giao d\u1ecbch, kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 ph\u00e1t sinh v\u00e0 v\u1ed1n d\u1ef1 ph\u00f2ng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ki\u1ec3m tra th\u00f4ng tin h\u1ee3p \u0111\u1ed3ng:<\/b><span style=\"font-weight: 400;\"> Xem t\u00ean s\u1ea3n ph\u1ea9m, m\u00e3 h\u1ee3p \u0111\u1ed3ng, quy m\u00f4, b\u01b0\u1edbc gi\u00e1, th\u00e1ng \u0111\u00e1o h\u1ea1n, ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n v\u00e0 m\u1ee9c k\u00fd qu\u1ef9.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ki\u1ec3m tra m\u1ee9c k\u00fd qu\u1ef9:<\/b><span style=\"font-weight: 400;\"> M\u1ee9c k\u00fd qu\u1ef9 c\u00f3 th\u1ec3 kh\u00e1c nhau gi\u1eefa c\u00e1c s\u1ea3n ph\u1ea9m v\u00e0 thay \u0111\u1ed5i theo t\u1eebng th\u1eddi \u0111i\u1ec3m. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean tham kh\u1ea3o th\u00f4ng tin c\u1eadp nh\u1eadt t\u1eeb s\u1edf giao d\u1ecbch ho\u1eb7c \u0111\u01a1n v\u1ecb cung c\u1ea5p d\u1ecbch v\u1ee5.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u0110\u1eb7t l\u1ec7nh v\u00e0 m\u1edf v\u1ecb th\u1ebf:<\/b><span style=\"font-weight: 400;\"> Khi t\u00e0i kho\u1ea3n \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u1eb7t l\u1ec7nh v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng ph\u00f9 h\u1ee3p v\u1edbi v\u1ed1n v\u00e0 kh\u1ea3 n\u0103ng ch\u1ecbu l\u1ed7.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Theo d\u00f5i t\u00e0i kho\u1ea3n:<\/b><span style=\"font-weight: 400;\"> Sau khi giao d\u1ecbch, c\u1ea7n theo d\u00f5i gi\u00e1 th\u1ecb tr\u01b0\u1eddng, l\u00e3i l\u1ed7, t\u00e0i s\u1ea3n r\u00f2ng, ti\u1ec1n kh\u1ea3 d\u1ee5ng, m\u1ee9c k\u00fd qu\u1ef9 duy tr\u00ec v\u00e0 c\u00e1c c\u1ea3nh b\u00e1o t\u1eeb h\u1ec7 th\u1ed1ng.<\/span><\/li>\n<\/ol>\n<h3><b>M\u1ee9c k\u00fd qu\u1ef9 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh nh\u01b0 th\u1ebf n\u00e0o?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">M\u1ee9c k\u00fd qu\u1ef9 kh\u00f4ng c\u00f3 m\u1ed9t c\u00f4ng th\u1ee9c chung cho m\u1ecdi h\u1ee3p \u0111\u1ed3ng. T\u00f9y s\u1ea3n ph\u1ea9m, y\u00eau c\u1ea7u c\u00f3 th\u1ec3 t\u00ednh theo t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m tr\u00ean gi\u00e1 tr\u1ecb danh ngh\u0129a ho\u1eb7c m\u1ed9t m\u1ee9c ti\u1ec1n c\u1ed1 \u0111\u1ecbnh cho m\u1ed7i h\u1ee3p \u0111\u1ed3ng.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">V\u1edbi tr\u01b0\u1eddng h\u1ee3p \u00e1p d\u1ee5ng t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u01b0\u1edbc t\u00ednh nh\u01b0 sau:<\/span><\/p>\n<p><b>Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng = Gi\u00e1 giao d\u1ecbch \u00d7 Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch \u00d7 H\u1ec7 s\u1ed1 quy \u0111\u1ed5i<\/b><\/p>\n<p><b>Ti\u1ec1n k\u00fd qu\u1ef9 = Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng \u00d7 T\u1ef7 l\u1ec7 k\u00fd qu\u1ef9<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V\u00ed d\u1ee5, h\u1ee3p \u0111\u1ed3ng c\u00f3 gi\u00e1 <\/span><b>600 USD\/t\u1ea5n<\/b><span style=\"font-weight: 400;\">, quy m\u00f4 <\/span><b>50 tons<\/b><span style=\"font-weight: 400;\">, t\u1ef7 gi\u00e1 quy \u0111\u1ed5i l\u00e0 <\/span><b>25.000 \u0111\u1ed3ng\/USD<\/b><span style=\"font-weight: 400;\"> v\u00e0 t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 <\/span><b>18%:<\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng =<\/b><span style=\"font-weight: 400;\"> 600 \u00d7 50 \u00d7 25.000 = 750.000.000 \u0111\u1ed3ng<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Ti\u1ec1n k\u00fd qu\u1ef9 = <\/b><span style=\"font-weight: 400;\">750.000.000 \u00d7 18% = 135.000.000 \u0111\u1ed3ng<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u0110\u00e2y l\u00e0 s\u1ed1 ti\u1ec1n c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u k\u00fd qu\u1ef9 ban \u0111\u1ea7u, kh\u00f4ng ph\u1ea3i m\u1ee9c v\u1ed1n an to\u00e0n tuy\u1ec7t \u0111\u1ed1i.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i c\u00e1c h\u00ecnh th\u1ee9c k\u00fd qu\u1ef9 trong su\u1ed1t th\u1eddi gian tri\u1ec3n khai giao d\u1ecbch, b\u1edfi y\u00eau c\u1ea7u k\u00fd qu\u1ef9 c\u00f3 th\u1ec3 thay \u0111\u1ed5i theo t\u1eebng giai \u0111o\u1ea1n v\u00e0 \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n<h2><b>\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch k\u00fd qu\u1ef9 Margin<\/b><\/h2>\n<figure id=\"attachment_40781\" aria-describedby=\"caption-attachment-40781\" style=\"width: 1672px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-40781\" src=\"https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin.png\" alt=\"\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch k\u00fd qu\u1ef9 Margin\" width=\"1672\" height=\"941\" srcset=\"https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin.png 1672w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin-300x169.png 300w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin-1024x576.png 1024w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin-768x432.png 768w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin-1536x864.png 1536w, https:\/\/edutrade.vn\/wp-content\/uploads\/2026\/09\/Uu-va-nhuoc-diem-cua-giao-dich-ky-quy-Margin-18x10.png 18w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\" \/><figcaption id=\"caption-attachment-40781\" class=\"wp-caption-text\">\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch k\u00fd qu\u1ef9 Margin<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 c\u00f3 th\u1ec3 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng v\u1ed1n hi\u1ec7u qu\u1ea3 h\u01a1n. Tuy nhi\u00ean, c\u01a1 ch\u1ebf n\u00e0y c\u0169ng khi\u1ebfn t\u00e0i kho\u1ea3n ph\u1ea3n \u1ee9ng m\u1ea1nh h\u01a1n tr\u01b0\u1edbc bi\u1ebfn \u0111\u1ed9ng gi\u00e1.<\/span><\/p>\n<h3><b>\u01afu \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch k\u00fd qu\u1ef9<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>T\u1ed1i \u01b0u hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n: <\/b><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 m\u1edf v\u1ecb th\u1ebf v\u1edbi gi\u00e1 tr\u1ecb danh ngh\u0129a l\u1edbn h\u01a1n s\u1ed1 v\u1ed1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u, qua \u0111\u00f3 h\u1ed7 tr\u1ee3 s\u1eed d\u1ee5ng v\u1ed1n linh ho\u1ea1t v\u00e0 ph\u00e2n b\u1ed5 ngu\u1ed3n l\u1ef1c cho c\u00e1c m\u1ee5c ti\u00eau giao d\u1ecbch kh\u00e1c.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Khu\u1ebfch \u0111\u1ea1i t\u00e1c \u0111\u1ed9ng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng gi\u00e1: <\/b><span style=\"font-weight: 400;\">Do gi\u00e1 tr\u1ecb v\u1ecb th\u1ebf l\u1edbn h\u01a1n v\u1ed1n k\u00fd qu\u1ef9, c\u00e1c bi\u1ebfn \u0111\u1ed9ng nh\u1ecf c\u1ee7a gi\u00e1 h\u00e0ng h\u00f3a c\u0169ng c\u00f3 kh\u1ea3 n\u0103ng t\u1ea1o ra m\u1ee9c sinh l\u1eddi l\u1edbn, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1i \u01b0u h\u00f3a hi\u1ec7u su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean ngu\u1ed3n v\u1ed1n.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>T\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i giao d\u1ecbch hai chi\u1ec1u: <\/b><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 m\u1edf v\u1ecb th\u1ebf mua khi k\u1ef3 v\u1ecdng gi\u00e1 t\u0103ng ho\u1eb7c v\u1ecb th\u1ebf b\u00e1n khi d\u1ef1 b\u00e1o gi\u00e1 gi\u1ea3m, nh\u1edd \u0111\u00f3 ti\u1ebfp c\u1eadn th\u00eam c\u00e1c c\u01a1 h\u1ed9i giao d\u1ecbch theo nhi\u1ec1u h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>C\u01a1 h\u1ed9i <\/b><a href=\"https:\/\/edutrade.vn\/en\/ban-khong-la-gi-trong-giao-dich-hang-hoa\/\" target=\"_blank\" rel=\"noopener\"><b>b\u00e1n kh\u1ed1ng<\/b><\/a><b>: <\/b><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 m\u1edf v\u1ecb th\u1ebf b\u00e1n khi d\u1ef1 b\u00e1o gi\u00e1 h\u00e0ng h\u00f3a gi\u1ea3m m\u00e0 kh\u00f4ng c\u1ea7n th\u1ef1c hi\u1ec7n quy tr\u00ecnh vay t\u00e0i s\u1ea3n c\u01a1 s\u1edf, qua \u0111\u00f3 h\u1ed7 tr\u1ee3 thao t\u00e1c giao d\u1ecbch thu\u1eadn ti\u1ec7n h\u01a1n.<\/span><\/li>\n<\/ul>\n<h3><b>Nh\u01b0\u1ee3c \u0111i\u1ec3m v\u00e0 r\u1ee7i ro khi s\u1eed d\u1ee5ng k\u00fd qu\u1ef9<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 l\u1edbn so v\u1edbi ti\u1ec1n k\u00fd qu\u1ef9: <\/b><span style=\"font-weight: 400;\">Ti\u1ec1n k\u00fd qu\u1ef9 th\u01b0\u1eddng kh\u00f4ng gi\u1edbi h\u1ea1n m\u1ee9c l\u1ed7 t\u1ed1i \u0111a. Khi gi\u00e1 bi\u1ebfn \u0111\u1ed9ng, kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 t\u0103ng nhanh so v\u1edbi s\u1ed1 v\u1ed1n ban \u0111\u1ea7u.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>C\u00f3 th\u1ec3 ph\u00e1t sinh Margin Call: <\/b><span style=\"font-weight: 400;\">N\u1ebfu t\u00e0i s\u1ea3n trong t\u00e0i kho\u1ea3n gi\u1ea3m d\u01b0\u1edbi m\u1ee9c y\u00eau c\u1ea7u, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 nh\u1eadn Margin Call. Khi \u0111\u00f3, h\u1ecd c\u00f3 th\u1ec3 ph\u1ea3i n\u1ed9p th\u00eam ti\u1ec1n ho\u1eb7c gi\u1ea3m v\u1ecb th\u1ebf trong th\u1eddi gian ph\u00f9 h\u1ee3p.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>C\u00f3 nguy c\u01a1 b\u1ecb \u0111\u00f3ng v\u1ecb th\u1ebf: <\/b><span style=\"font-weight: 400;\">N\u1ebfu kh\u00f4ng b\u1ed5 sung k\u00fd qu\u1ef9 ho\u1eb7c gi\u1ea3m v\u1ecb th\u1ebf k\u1ecbp th\u1eddi, l\u1ec7nh c\u00f3 th\u1ec3 b\u1ecb \u0111\u00f3ng b\u1eaft bu\u1ed9c. Nh\u00e0 \u0111\u1ea7u t\u01b0 khi \u0111\u00f3 c\u00f3 th\u1ec3 kh\u00f4ng ch\u1ee7 \u0111\u1ed9ng \u0111\u01b0\u1ee3c th\u1eddi \u0111i\u1ec3m v\u00e0 m\u1ee9c gi\u00e1.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>D\u1ec5 s\u1eed d\u1ee5ng kh\u1ed1i l\u01b0\u1ee3ng qu\u00e1 l\u1edbn: <\/b><a href=\"https:\/\/edutrade.vn\/en\/don-bay-trong-giao-dich-hang-hoa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u0110\u00f2n b\u1ea9y<\/span><\/a><span style=\"font-weight: 400;\"> c\u00f3 th\u1ec3 khi\u1ebfn ng\u01b0\u1eddi m\u1edbi ch\u1ecdn kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch v\u01b0\u1ee3t kh\u1ea3 n\u0103ng t\u00e0i ch\u00ednh. Tr\u01b0\u1edbc khi \u0111\u1eb7t l\u1ec7nh, n\u00ean c\u00e2n nh\u1eafc m\u1ee9c l\u1ed7 d\u1ef1 ki\u1ebfn, v\u1ed1n d\u1ef1 ph\u00f2ng v\u00e0 s\u1ed1 v\u1ecb th\u1ebf.<\/span><\/li>\n<\/ul>\n<h2><b>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 k\u00fd qu\u1ef9 Margin<\/b><\/h2>\n<h3><b>C\u1ed5 phi\u1ebfu kh\u00f4ng \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n giao d\u1ecbch k\u00fd qu\u1ef9 kh\u00e1c g\u00ec so v\u1edbi k\u00fd qu\u1ef9 h\u00e0ng h\u00f3a?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">C\u1ed5 phi\u1ebfu kh\u00f4ng \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n giao d\u1ecbch k\u00fd qu\u1ef9 l\u00e0 kh\u00e1i ni\u1ec7m thu\u1ed9c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Trong giao d\u1ecbch margin ch\u1ee9ng kho\u00e1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 vay ti\u1ec1n t\u1eeb c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trong khi \u0111\u00f3, k\u00fd qu\u1ef9 h\u00e0ng h\u00f3a ph\u00e1i sinh l\u00e0 kho\u1ea3n ti\u1ec1n b\u1ea3o \u0111\u1ea3m ngh\u0129a v\u1ee5 c\u1ee7a v\u1ecb th\u1ebf. Hai kh\u00e1i ni\u1ec7m c\u00f9ng s\u1eed d\u1ee5ng t\u1eeb \u201ck\u00fd qu\u1ef9\u201d nh\u01b0ng thu\u1ed9c hai c\u01a1 ch\u1ebf kh\u00e1c nhau.<\/span><\/p>\n<h3><b>Ti\u1ec1n k\u00fd qu\u1ef9 c\u00f3 ph\u1ea3i l\u00e0 ti\u1ec1n vay kh\u00f4ng?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Ti\u1ec1n k\u00fd qu\u1ef9 trong giao d\u1ecbch h\u00e0ng h\u00f3a ph\u00e1i sinh l\u00e0 kho\u1ea3n ti\u1ec1n b\u1ea3o \u0111\u1ea3m ngh\u0129a v\u1ee5 giao d\u1ecbch, kh\u00f4ng ph\u1ea3i kho\u1ea3n vay t\u1eeb c\u00f4ng ty m\u00f4i gi\u1edbi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ki\u1ec3m tra h\u1ee3p \u0111\u1ed3ng, quy \u0111\u1ecbnh t\u00e0i kho\u1ea3n v\u00e0 ch\u00ednh s\u00e1ch c\u1ee7a \u0111\u01a1n v\u1ecb cung c\u1ea5p d\u1ecbch v\u1ee5 \u0111\u1ec3 n\u1eafm r\u00f5 ph\u00ed, ngh\u0129a v\u1ee5 v\u00e0 \u0111i\u1ec1u ki\u1ec7n \u00e1p d\u1ee5ng.<\/span><\/p>\n<h3><b>C\u00f3 th\u1ec3 b\u1ecb l\u1ed7 nhi\u1ec1u h\u01a1n s\u1ed1 ti\u1ec1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u kh\u00f4ng?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">C\u00f3 th\u1ec3, t\u00f9y v\u00e0o s\u1ea3n ph\u1ea9m, m\u1ee9c bi\u1ebfn \u0111\u1ed9ng gi\u00e1 v\u00e0 t\u00ecnh tr\u1ea1ng t\u00e0i kho\u1ea3n.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ti\u1ec1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u l\u00e0 kho\u1ea3n c\u1ea7n \u0111\u00e1p \u1ee9ng \u0111\u1ec3 m\u1edf v\u1ecb th\u1ebf, kh\u00f4ng ph\u1ea3i gi\u1edbi h\u1ea1n l\u1ed7 c\u1ed1 \u0111\u1ecbnh. Khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m t\u00e0i s\u1ea3n trong t\u00e0i kho\u1ea3n v\u00e0 ph\u00e1t sinh y\u00eau c\u1ea7u b\u1ed5 sung ti\u1ec1n.<\/span><\/p>\n<h3><b>Ng\u01b0\u1eddi m\u1edbi n\u00ean b\u1eaft \u0111\u1ea7u giao d\u1ecbch k\u00fd qu\u1ef9 nh\u01b0 th\u1ebf n\u00e0o?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi n\u00ean t\u00ecm hi\u1ec3u c\u01a1 ch\u1ebf h\u1ee3p \u0111\u1ed3ng, m\u1ee9c k\u00fd qu\u1ef9 v\u00e0 ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n tr\u01b0\u1edbc khi giao d\u1ecbch. \u0110\u1ed3ng th\u1eddi, c\u1ea7n x\u00e1c \u0111\u1ecbnh m\u1ee9c r\u1ee7i ro ch\u1ea5p nh\u1eadn \u0111\u01b0\u1ee3c, chu\u1ea9n b\u1ecb v\u1ed1n d\u1ef1 ph\u00f2ng, b\u1eaft \u0111\u1ea7u v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng nh\u1ecf v\u00e0 theo d\u00f5i c\u1ea3nh b\u00e1o k\u00fd qu\u1ef9.<\/span><\/p>\n<h2><b>K\u1ebft lu\u1eadn<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">K\u00fd qu\u1ef9 Margin gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edf v\u00e0 duy tr\u00ec v\u1ecb th\u1ebf h\u00e0ng h\u00f3a ph\u00e1i sinh v\u1edbi s\u1ed1 v\u1ed1n ban \u0111\u1ea7u th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng. Tuy nhi\u00ean, \u0111\u00e2y kh\u00f4ng ph\u1ea3i ti\u1ec1n vay hay m\u1ee9c l\u1ed7 t\u1ed1i \u0111a. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ki\u1ec3m tra m\u1ee9c k\u00fd qu\u1ef9, chu\u1ea9n b\u1ecb v\u1ed1n d\u1ef1 ph\u00f2ng v\u00e0 qu\u1ea3n tr\u1ecb r\u1ee7i ro ph\u00f9 h\u1ee3p.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">N\u1ec1n t\u1ea3ng ki\u1ebfn th\u1ee9c v\u1eefng ch\u1eafc l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3. C\u00f9ng <\/span><a href=\"https:\/\/edutrade.vn\/en\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Edutrade<\/span><\/a><span style=\"font-weight: 400;\"> t\u00ecm hi\u1ec3u c\u00e1ch c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p x\u00e2y d\u1ef1ng ki\u1ebfn th\u1ee9c t\u1eeb nh\u1eefng kh\u00e1i ni\u1ec7m c\u1ed1t l\u00f5i.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ngo\u00e0i ra, b\u1ea1n c\u00f3 th\u1ec3 \u0111\u1ecdc th\u00eam m\u1ed9t s\u1ed1 th\u00f4ng tin li\u00ean quan t\u1ea1i c\u00e1c b\u00e0i vi\u1ebft:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/edutrade.vn\/en\/san-giao-dich-hang-hoa\/\" target=\"_blank\" rel=\"noopener\"><b>S\u00e0n giao d\u1ecbch h\u00e0ng h\u00f3a l\u00e0 g\u00ec? H\u01b0\u1edbng d\u1eabn cho ng\u01b0\u1eddi m\u1edbi<\/b><\/a><\/li>\n<li><a href=\"https:\/\/edutrade.vn\/en\/dau-tu-hang-hoa-phai-sinh-can-bao-nhieu-tien\/\" target=\"_blank\" rel=\"noopener\"><b>\u0110\u1ea7u t\u01b0 h\u00e0ng h\u00f3a ph\u00e1i sinh c\u1ea7n bao nhi\u00eau ti\u1ec1n \u0111\u1ec3 b\u1eaft \u0111\u1ea7u?<\/b><b>\u00a0<\/b><\/a><\/li>\n<li><a href=\"https:\/\/edutrade.vn\/en\/giu-vung-tam-ly-giao-dich-khi-dau-tu-hang-hoa\/\" target=\"_blank\" rel=\"noopener\"><b>Gi\u1eef V\u1eefng T\u00e2m L\u00fd Giao D\u1ecbch Khi \u0110\u1ea7u T\u01b0 H\u00e0ng H\u00f3a\u00a0<\/b><\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Trong giao d\u1ecbch h\u00e0ng h\u00f3a ph\u00e1i sinh, nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 c\u1ea7n n\u1ed9p m\u1ed9t kho\u1ea3n ti\u1ec1n k\u00fd qu\u1ef9 \u0111\u1ec3 m\u1edf v\u00e0 duy tr\u00ec v\u1ecb th\u1ebf, thay v\u00ec thanh to\u00e1n to\u00e0n b\u1ed9 gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng. K\u00fd qu\u1ef9 l\u00e0 kho\u1ea3n ti\u1ec1n b\u1ea3o \u0111\u1ea3m ngh\u0129a v\u1ee5 giao d\u1ecbch, kh\u00f4ng ph\u1ea3i ti\u1ec1n vay nh\u01b0 margin trong ch\u1ee9ng kho\u00e1n.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":40794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","footnotes":""},"categories":[470],"tags":[144,146,119,469,212,213,2458],"class_list":["post-40769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hoc-vien","tag-dau-tu-hang-hoa-phai-sinh","tag-giao-dich-hang-hoa","tag-giao-dich-hang-hoa-phai-sinh","tag-ky-quy","tag-ky-quy-giao-dich-hang-hoa","tag-ky-quy-mxv","tag-tien-ky-quy"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/40769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/comments?post=40769"}],"version-history":[{"count":2,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/40769\/revisions"}],"predecessor-version":[{"id":40796,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/40769\/revisions\/40796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media\/40794"}],"wp:attachment":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media?parent=40769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/categories?post=40769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/tags?post=40769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}