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홍차넷
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Warning: Use of undefined constant is_admin - assumed 'is_admin' (this will throw an Error in a future version of PHP) in /home/redtea/html/zero_header.php on line 269
Warning: Use of undefined constant level - assumed 'level' (this will throw an Error in a future version of PHP) in /home/redtea/html/zero_header.php on line 300
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티타임
Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/pb/bbs_title.php on line 21
Warning: Use of undefined constant header - assumed 'header' (this will throw an Error in a future version of PHP) in /home/redtea/html/pb/bbs_title.php on line 31
- 다양한 주제에 대해 자유롭게 글을 작성하는 게시판입니다.
Warning: Use of undefined constant use_formmail - assumed 'use_formmail' (this will throw an Error in a future version of PHP) in /home/redtea/html/pb/lib.php on line 519
Warning: Use of undefined constant use_category - assumed 'use_category' (this will throw an Error in a future version of PHP) in /home/redtea/html/pb/include/print_category.php on line 9
전체기타일상/생각꿀팁/강좌방송/연예도서/문학영화의료/건강문화/예술경제생활체육과학/기술철학/종교정치요리/음식역사여행육아/가정IT/컴퓨터음악창작게임스포츠사회오프모임
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| Date |
Warning: Use of undefined constant reg_date - assumed 'reg_date' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view.php on line 53 22/10/27 00:23:38 Warning: Use of undefined constant mod_date - assumed 'mod_date' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view.php on line 56 |
| Name | 포르토네 |
| Link #1 | http://www.engdaily.com/news/articleView.html?idxno=12456 |
| Link #2 | https://news.mt.co.kr/mtview.php?no=2022091515471154949 |
| Subject | 레고랜드가 촉발한 채권 시장 위기를 보면서 정리 |
|
뭔가 복잡하고 심각한 일이 벌어진 것 같은데, 배경지식이 부족하니 잘 감이 안 잡혀 검색하면서 몇 가지 정리해 보았습니다. (참조, [김재연의 건설과 금융] 중 아래링크 참조) 1. 채권 시장은 무엇인가? 대출과 다른가? - 재무제표상, 자산(Asset) = 자기자본(Equity) + 타인자본(Debt) 타인자본 = 대출(Loan)과 채권(Bond) - 대출: 자금을 빌리기 위한 상호간의 '계약' (빌려주는 대주 - 빌리는 차주) - 채권: 채권시장에서 채권이라는 금융 '상품'을 발행함으로써 자금을 빌리는 것 2. 채권 시장의 장점은? - 대출은 돈을 빌려두는 대주단과 협상 및 조정의 여지가 많기 때문에, 시간이 많이 걸림 - 대신 채권은 채권시장에서 자본 확보. (시장에서 상품으로 발행) - 완전공개 시장과 사모사채 (특정한 요건 갖춘 투자자만 참여) 시장으로 구분 3. 대출의 종류 - Term loan A(TLA): 주로 은행 투자. 5년 내외 대출. 대주는 기간 내 상환, 차주는 일시 상환 선호 * 기간 내 전부 상환 Full amortization * 상당부분 Ballon payment 혹은 만기 일시 상환 Bullet payment - Term loan B(TLB): 주로 장기 투자자 (기관 투자자) institutional loan * TLA보다 높은 금리와 보호조항 등 추가 조항 가능 * 대신, 약정 수준 완화, 원금 상환 유연성 4. 채권 시장 종류 (미국 채권시장) - 144A: 채권에 가까움. 보다 많은 투자자 (물론 Qualified된). * 시간이 짧음. 투자자에게 검토 시간이 적음 * 프로젝트 내용 및 실사자료 발행자 부담 * 많은 참여자. 큰 금액 모금 - 4(a)(2): 대출에 가까움 * 소수의 투자자들이 직접 프로젝트 실사 * 발행자와 추가적인 협상 가능 ----- 위 기사를 이해하고 나니, 다음 머니투데이 기사가 이해됩니다. "기업들이 회사채 시장이 아닌 은행 대출 창구를 찾는 이유는 금리때문이다. 대출금리 상승보다 회사채 발행 금리가 더 빠르게 뛰자 자금조달 창구를 바꿨다. 높은 금리 등으로 채권 시장에 예전만큼 돈이 돌지 않는 것도 영향을 줬다. 최고 신용등급으로 평가받는 신용평가 AAA급 회사채(무보증) 3년물의 민간채권평가기관 평균 금리는 지난 16일 기준 4.609%다. 한 달 사이 0.636%포인트 상승했다. 1년 전과 비교하면 2.751%포인트나 올랐다. 채권 신용등급이 가장 많은 AA-급의 3년 만기 민평평균 금리는 최근 4.762%까지 올랐다." 채권 시장이 경직될 경우, 결국 기업들은 은행에 달려갈 수 밖에 없다는 이야기군요. Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view.php on line 133 Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view.php on line 146 Warning: Use of undefined constant vote - assumed 'vote' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view.php on line 161 2
이 게시판에 등록된 포르토네님의 최근 게시물 |
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Warning: Use of undefined constant is_admin - assumed 'is_admin' (this will throw an Error in a future version of PHP) in /home/redtea/html/pb/lib.php on line 605
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Warning: Use of undefined constant HTTP_HOST - assumed 'HTTP_HOST' (this will throw an Error in a future version of PHP) in /home/redtea/html/pb/cmt_replace.php on line 3
Warning: Use of undefined constant ismember - assumed 'ismember' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 6
Warning: Use of undefined constant file_name - assumed 'file_name' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 28
Warning: Use of undefined constant file_name - assumed 'file_name' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 29
Warning: Use of undefined constant file_name - assumed 'file_name' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 29
Warning: Use of undefined constant file_name - assumed 'file_name' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 29
Warning: Use of undefined constant file_name - assumed 'file_name' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 29
Warning: Use of undefined constant file_name - assumed 'file_name' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 48
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179039 class="iamcmt" style="display:none;"> Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 66
179039 class='vcm '>
Warning: Use of undefined constant x - assumed 'x' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 70
Warning: Use of undefined constant x - assumed 'x' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 71
Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 76
Warning: Use of undefined constant ismember - assumed 'ismember' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 117
Warning: Use of undefined constant ismember - assumed 'ismember' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 118
Warning: Use of undefined constant ismember - assumed 'ismember' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 119
Warning: Use of undefined constant ismember - assumed 'ismember' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 120
Warning: Use of undefined constant ismember - assumed 'ismember' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 121
179039'> 포르토네
Warning: Use of undefined constant mod_date - assumed 'mod_date' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 133
Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 140
Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 140
Warning: Use of undefined constant reg_date - assumed 'reg_date' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 142
22/10/27 00:28
179039>삭제 주소복사
Warning: Use of undefined constant level - assumed 'level' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 150
구글 검색해보니, 한국은행에서 2008년도에 유럽 지역 금융시장 분석한 자료 건질 수 있었습니다.
쉽게 잘 설명해놓았네요.
Warning: Use of undefined constant level - assumed 'level' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 158
Warning: Use of undefined constant password - assumed 'password' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 166
Warning: Use of undefined constant vote - assumed 'vote' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 171
Warning: Use of undefined constant vote - assumed 'vote' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 172
Warning: Use of undefined constant vote - assumed 'vote' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 172
Warning: Use of undefined constant no - assumed 'no' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 173
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Warning: Use of undefined constant vote - assumed 'vote' (this will throw an Error in a future version of PHP) in /home/redtea/html/a_skin/bbsd/view_comment.php on line 173
179039>
179039>
