sabirJo saqmis safuZvlebi
sabirJo saqmis safuZvlebi sabirJo saqmis safuZvlebi
irJis wevrTaSorisi kliringi da sxv. kliringisa da angariSsworebis organizacia ramdenime princips emyareba. pirveli, specializebuli organizaciebis mier kliringisa da angariSworebis Sesruleba; meore, angariSsworebiT-kliringul sistemaSi sabirJo garigebebis registraciisa da yvela rekvizitebis Sedarebis Semdeg moqceva; mesame, kliringisa da angariSsworebis operaciaTa ganrigis droSi zustad gawera anu yoveli operaciisaTvis mkacrad gansazRvruli drois daTmoba, darRvevis mimarT didi sajarimo sanqciebis gamoyeneba; meoTxe, sabirJo garigebis garantirebuli Sesruleba. am mizniT, garigebis romelime mxaris mier Tavisi valdebulebebis Seusruleblobis SemTxvevaSi, birJis mier misi uzrunvelyofa. 3. riskebis ZiriTadi saxeebi sabirJo bazris is monawileebi, romlebic saangariSsworebo-kliringuli sistemis momsaxurebiT sargebloben, garigebis sabazro xasiaTidan gamomdinare, mudmivi riskis qveS arian. aseTi riskebi mravalia, kerZod: sabazro riski, romelic safondo da fiuCersul bazrebze fasebis meryeobasTan dakavSirebulia, mag., sabanko procentis cvlileba. angariSsworebiT-kliringuli operaciis Sesruleba garkveul dros moiTxovs, amitom zaralis miRebis albaToba realurad arsebobs. aseTi riskis erT-erTi nairsaxeobad saerTaSoriso sabazro riski gvevlineba, romelic msoflio bazrebze fasiani qaRaldebisa da fiuCersuli kontraqtebis angariSsworebaTa vadebis SeuTanxmeblobiTaa gamowveuli; sakredito riski, romelic kliringisa da angariSsworebis mTeli procesis erT-erT rgolSi aradroul angariSsworebasTan dakavSirebulia. es riski sabirJo vaWrobis sferoSi minimaluria, radgan ganviTarebuli qveynebis sabirJo bazrebze broker-Suamavlebs Soris gadaxdis garantiebis sistema ufro mowesrigebulia. Tumca, brokersa da klients Soris urTierTobaSi es riski, am ukanaskneli gadauxdelobis gamo, mudmivad arsebobs; 103
sistemuri (operaciuli) riski danakargebis, zaralis riskia, romelsac adgili aqvs kompiuteruli sistemis funqcionirebis dros, mag., daSvebuli Secdomebis, eleqtroenergiis gauTvaliswinebeli gamorTvis, TaRliTobis, mitacebisa da sxva SemTxvevebSi. sabirJo sistemebis organizatorebi dasaxelebuli riskebis minimizaciaze muSaoban. am mizniT mniSvnelovania: pirveli _ sabirJo procesis monawileTa Soris ndobis maRali xarisxi. Tavis kolegebTan ndobadakargul brokers, rogorc wesi, sabirJo garigebebSi aRar uSveben. sayovelTaod cnobilia, rom garigeba, rogorc werilobiT, ise zepirad, ndobis safuZvelze ideba. xSirad `sityva~ sabirJo vaWrobis monawileTa Soris urTierTobaSi gadamwyvetia. amitom, rac metia ndoba, miT metia birJis brunva, maSasadame, mogebac. meore _ TviT sabirJo Suamavlebis xarjze birJebTan an kliringul organizaciebTan mZlavri sagarantio fondebis Seqmna. 4. kliringi da angariSsworeba fasiani qaRaldebis bazarze sabirJo sferoSi kliringisa da angariSsworebis erTiani, unificirebuli sistema, jerjerobiT, ar damuSavebula. amitom igi yovel msxvil birJaze gansxvavebuli TaviseburebebiT sruldeba. garda amisa, am procesis TanamimdevrobaSi realurad arsebobs principuli gansxvaveba fasiani qaRaldebisa da fiuCersuli kontraqtebis bazrebze. fasiani qaRaldebis bazarze kliringul-angariSsworebiTi procesis umTavresi Tavisebureba isaa, rom aucilebelia erTi mflobelidan meoreze gayiduli fasiani qaRaldebis xelaxali registracia. dros, romlis ganmavlobaSi kliringul-angariSsworebiTi cikli xorcieldeba, saangariSsworebo dro ewodeba. ganviTarebuli safondo bazrebis infrastruqturis qveynebSi, es periodi, rogorc wesi, fiqsirebulia, Tumca, fasiani qaRaldebis saxeobaTa mixedviT SeiZleba gansxvavebulic iyos. 104
- Page 53 and 54: vaWrobis organizaciis TvalsazrisiT,
- Page 55 and 56: civilizacias avrcelebs, romelic mow
- Page 57 and 58: XXI s-is dasawyisidan msoflios wamy
- Page 59 and 60: mniSvnelovnad rTuldeba sagareo-ekon
- Page 61 and 62: nawili II. sabirJo saqmis praqtikul
- Page 63 and 64: safondo birJa Tavisi wevrebis im zR
- Page 65 and 66: 2. birJis saqmianobis organizaciul-
- Page 67 and 68: irJis mmarTvel organos maT finansur
- Page 69 and 70: daniSnos da gaaTavisuflos birJis ge
- Page 71 and 72: wesebis da `fasiani qaRaldebis bazr
- Page 73 and 74: saerTaSoriso vaWrobaSi Suamavlebis
- Page 75 and 76: did britaneTis kanonis mixedviT bro
- Page 77 and 78: fasiani qaRaldebis yidva-gayidvis x
- Page 79 and 80: sabirJo informacia. sabirJo vaWroba
- Page 81 and 82: safondo birJis wevri SeiZleba gaxde
- Page 83 and 84: irJaze savaWrod daiSveba `fasiani q
- Page 85 and 86: • emitentis mier birJasTan dadebu
- Page 87 and 88: savaWro garigeba SeiZleba iyos fasi
- Page 89 and 90: ormoSi telefoniT gadacema. klientis
- Page 91 and 92: kerZod, winaswar yidis (garkveuli v
- Page 93 and 94: sabirJo bazarze garigebis gaformebi
- Page 95 and 96: ofcionuri garigebebi, garigebebi re
- Page 97 and 98: gamyidveli myidveli - sabrokero fir
- Page 99 and 100: lurad Wianurdeba. orive variantSi i
- Page 101 and 102: axlavs kontrgarigebis dadeba garkve
- Page 103: • sivrcis faqtoris gadalaxva da i
- Page 107 and 108: garda amisa, angariSsworebiT-klirin
- Page 109 and 110: Soris SefardebiT wonasworobas adgen
- Page 111 and 112: saqonels ki is myidveli iZens, rome
- Page 113 and 114: okerTa zepiri SeTanxmeba garigebis
- Page 115 and 116: nebismieri qveynis korporacia, safi
- Page 117 and 118: daaxloebam, erTi qveynidan meoreSi
- Page 119 and 120: moTxovnas, makleri valutis kurss am
- Page 121 and 122: aZlevs anu maT SeuZliaT erTmaneTTan
- Page 123 and 124: 3. sabirJo fiuCersuli vaWrobis meqa
- Page 125 and 126: • fiuCersul bazarze yvela aucileb
- Page 127 and 128: ealuri saqonlis myidveli dainterese
- Page 129 and 130: kontraqtis moqmedebis vada da proce
- Page 131 and 132: saqonlisa da sxv.) fasebs Soris dad
- Page 133 and 134: 8. fiuCersuli vaWrobis Taviseburebe
- Page 135 and 136: gayidvis uflebas aZlevs. ofcionis g
- Page 137 and 138: Tavi XIII. sabirJo saqmianobis sama
- Page 139 and 140: 2. samarTlebrivi regulirebis formeb
- Page 141 and 142: irJa ganixileba, rogorc TviTregulir
- Page 143 and 144: dartebiT gansazRvruli Tavdapirveli
- Page 145 and 146: nawili IV. sabirJo enciklopedia mso
- Page 147 and 148: irJaze saqonlis miwodeba wamoZaxili
- Page 149 and 150: dReisaTvis birJis fiuCersuli da rea
- Page 151 and 152: londonis birJa iyo pirveli evropuli
- Page 153 and 154: elgiis qalaq antverpenSi fiuCersuli
sistemuri (operaciuli) riski danakargebis, zaralis<br />
riskia, romelsac adgili aqvs kompiuteruli sistemis funqcionirebis<br />
dros, mag., daSvebuli Secdomebis, eleqtroenergiis<br />
gauTvaliswinebeli gamorTvis, TaRliTobis, mitacebisa<br />
da sxva SemTxvevebSi.<br />
<strong>sabirJo</strong> sistemebis organizatorebi dasaxelebuli riskebis<br />
minimizaciaze muSaoban.<br />
am mizniT mniSvnelovania:<br />
pirveli _ <strong>sabirJo</strong> procesis monawileTa Soris ndobis<br />
maRali xarisxi. Tavis kolegebTan ndobadakargul brokers,<br />
rogorc wesi, <strong>sabirJo</strong> garigebebSi aRar uSveben. sayovelTaod<br />
cnobilia, rom garigeba, rogorc werilobiT, ise zepirad,<br />
ndobis safuZvelze ideba. xSirad `sityva~ <strong>sabirJo</strong> vaWrobis<br />
monawileTa Soris urTierTobaSi gadamwyvetia. amitom, rac<br />
metia ndoba, miT metia birJis brunva, maSasadame, mogebac.<br />
meore _ TviT <strong>sabirJo</strong> Suamavlebis xarjze birJebTan an<br />
kliringul organizaciebTan mZlavri sagarantio fondebis<br />
Seqmna.<br />
4. kliringi da angariSsworeba fasiani<br />
qaRaldebis bazarze<br />
<strong>sabirJo</strong> sferoSi kliringisa da angariSsworebis erTiani,<br />
unificirebuli sistema, jerjerobiT, ar damuSavebula. amitom<br />
igi yovel msxvil birJaze gansxvavebuli TaviseburebebiT<br />
sruldeba. garda amisa, am procesis TanamimdevrobaSi<br />
realurad arsebobs principuli gansxvaveba fasiani qaRaldebisa<br />
da fiuCersuli kontraqtebis bazrebze.<br />
fasiani qaRaldebis bazarze kliringul-angariSsworebiTi<br />
procesis umTavresi Tavisebureba isaa, rom aucilebelia erTi<br />
mflobelidan meoreze gayiduli fasiani qaRaldebis<br />
xelaxali registracia.<br />
dros, romlis ganmavlobaSi kliringul-angariSsworebiTi<br />
cikli xorcieldeba, saangariSsworebo dro ewodeba.<br />
ganviTarebuli safondo bazrebis infrastruqturis qveynebSi,<br />
es periodi, rogorc wesi, fiqsirebulia, Tumca, fasiani<br />
qaRaldebis saxeobaTa mixedviT SeiZleba gansxvavebulic iyos.<br />
104