sabirJo saqmis safuZvlebi
sabirJo saqmis safuZvlebi sabirJo saqmis safuZvlebi
safondo indeqsebis dasaxeleba maTi gamoTvlis meTodikis Semqmnelis an gamavrcelebeli sainformacio saagentos saxelwodebiT aris cnobili. mag., msoflioSi yvelaze aRiarebuli dou-jonsis indeqsi, dou-jonsis kompaniis mflobelis, Carlz dous mier aSS-Si 1884 wels gamoaqveynes. igi im drois 11 umsxvilesi samrewvelo kompaniis aqciaTa kursis saSualo maCvenebeli iyo. es indeqsi, birJis daxurvis momentisaTvis, yoveldRiuri kotirebis saSualo ariTmetikuli sididea. sabirJo indeqsis gasaangariSeblad gamoiyeneba saSualo ariTmetikuli da saSuali geometriuli meTodebi. pirveli meTodis gamoyenebis SemTxvevaSi, vaWrobis dasrulebis momentisaTvis, yvela emitentis aqciebis Rirebuleba ikribeba da miRebuli sidide Semadgeneli aqciebis raodenobaze iyofa. Sedegad miviRebT saSualo sidides, roca yovel aqcias erTnairi wona aqvs, miuxedavad misi gamomSvebi kompaniis sididisa da mimoqcevaSi moqceuli aqciebis raodenobisa. dou-jonsis indeqsi dResac am meTodiT gaiangariSeba. roca gamoiyeneba saSualo geometriuli meTodi, maSin aqciaTa Rirebuleba maT raodenobaze mravldeba da Sedegi aqciebis ricxvze iyofa. amasTan, sxvadasxva kompaniis aqciaTa gayidvis moculobaTa Soris sxvaoba, am SemTxvevaSic mxedvelobaSi ar miiReba. indeqsi SeiZleba gansazRvruli periodulobiT iqnes gaangariSebuli. kerZod: yoveli Tvis dasawyisSi; dadgenili droisaTvis da sxv. indeqsi, aRebuli izolirebulad, sxva indeqsebTan kavSiris gareSe, gansakuTrebul interess ar warmoadgens. isini faseulia maSin, roca sxvebs edareba da mocemul sferoSi ganviTarebis saerTo suraTi ixateba. 59
nawili II. sabirJo saqmis praqtikuli safuZvlebi ----------------------------------------------------------------------------- Tavi V. birJis daarseba da menejmenti 1. birJis damfuZneblebi da wevrebi nebismieri birJa nebayoflobiT da saqmianobis ganusaz- Rvreli vadiT iqmneba. amitom birJis damfuZneblebad im sainiciativo jgufis wevrebi iTvlebian, romlebic erTmaneTs Soris xelSekrulebas gaaformeben da am saqmis organizatorebad gamodian. birJis institucionaluri struqturaSi Sedis: safondo birJis damfuZneblebi; safondo birJis wevrebi; SidasabirJo marTvis organoebi. saqarTvelos kanoniT `sasaqonlo birJebisa da sabirJo vaWrobis Sesaxeb~ (me-9 muxli) sasaqonlo birJis dafuZnebis ufleba aqvs yvela fizikur da iuridiul pirs, garda: • saxelmwifo aRmasrulebeli xelisuflebis umaRlesi da adgilobrivi organoebis im saxelmwifo dawesebulebebisa (organizaciebisa), romelTa dafinanseba saxelmwifo biujetidan xdeba; • sabanko da sakredito organizaciebisa; • sadazRvevo da sainvesticio kompaniebisa; • sazogadoebrivi, religiuri da saqvelmoqmedo fondebisa da kavSirebisa (organizaciebisa); • fizikuri pirebisa, romlebsac saqarTvelos kanonmdeblobiT samewarmeo saqmianoba ekrZalebaT. sasaqonlo birJis TiToeuli damfuZneblis an wevris wili sawesdebo kapitalSi ar unda aRematebodes 25%-s. sasaqonlo birJis sawesdebo kapitali ar unda iyos 100 aTas larze naklebi. sasaqonlo birJis wevroba birJis wesdebiT dadgenili wesiT warmoiSoba. sasaqonlo birJis wevri ar SeiZleba iyos: • sxva birJis administraciis TanamSromeli; 60
- Page 9 and 10: sxvadasxva formebSi organizebuli ba
- Page 11 and 12: leba SeuZliaT, mag., aiRon sesxad f
- Page 13 and 14: vaWroba arasabirJo brunvaSi gadavid
- Page 15 and 16: sabiTumo vaWrobis formebi organizeb
- Page 17 and 18: maSasadame, birJa organizebuli baza
- Page 19 and 20: Cveulebrivi vaWrobisagan gansxvaveb
- Page 21 and 22: • XX s-is 70-80-ani ww. _ birJa,
- Page 23 and 24: kontraqtis safuZvlad miCneuli sabir
- Page 25 and 26: ♦ organizaciis principis mixedviT
- Page 27 and 28: erovnuli birJebi erTi qveynis sazRv
- Page 29 and 30: • bazris efeqturobis iseTi meqani
- Page 31 and 32: • masiuri anu mravali mwarmoeblis
- Page 33 and 34: gayidvis faqtobrivi moculoba unda i
- Page 35 and 36: informacia saqonlis sertifikaciis S
- Page 37 and 38: fasian qaRalds arc nivTobrivi forma
- Page 39 and 40: ogorc ekonomikuri kategoria, fasian
- Page 41 and 42: siani qaRaldebia saqonlis (mag., xo
- Page 43 and 44: safinanso bazarze Seqmnili mdgomare
- Page 45 and 46: obligacia (laT. obligatio _ valdebu
- Page 47 and 48: fasiani qaRaldis cneba pirvelad ger
- Page 49 and 50: valutis kursi masze moTxovna-miwode
- Page 51 and 52: • monopsonia (erTi myidveli da ga
- 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: mniSvnelovnad rTuldeba sagareo-ekon
- 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 and 104: • sivrcis faqtoris gadalaxva da i
- Page 105 and 106: sistemuri (operaciuli) riski danaka
- Page 107 and 108: garda amisa, angariSsworebiT-klirin
- Page 109 and 110: Soris SefardebiT wonasworobas adgen
safondo indeqsebis dasaxeleba maTi gamoTvlis meTodikis<br />
Semqmnelis an gamavrcelebeli sainformacio saagentos<br />
saxelwodebiT aris cnobili. mag., msoflioSi yvelaze aRiarebuli<br />
dou-jonsis indeqsi, dou-jonsis kompaniis mflobelis,<br />
Carlz dous mier aSS-Si 1884 wels gamoaqveynes. igi im<br />
drois 11 umsxvilesi samrewvelo kompaniis aqciaTa kursis<br />
saSualo maCvenebeli iyo. es indeqsi, birJis daxurvis<br />
momentisaTvis, yoveldRiuri kotirebis saSualo ariTmetikuli<br />
sididea.<br />
<strong>sabirJo</strong> indeqsis gasaangariSeblad gamoiyeneba saSualo<br />
ariTmetikuli da saSuali geometriuli meTodebi.<br />
pirveli meTodis gamoyenebis SemTxvevaSi, vaWrobis<br />
dasrulebis momentisaTvis, yvela emitentis aqciebis<br />
Rirebuleba ikribeba da miRebuli sidide Semadgeneli<br />
aqciebis raodenobaze iyofa. Sedegad miviRebT saSualo<br />
sidides, roca yovel aqcias erTnairi wona aqvs, miuxedavad<br />
misi gamomSvebi kompaniis sididisa da mimoqcevaSi moqceuli<br />
aqciebis raodenobisa. dou-jonsis indeqsi dResac am meTodiT<br />
gaiangariSeba.<br />
roca gamoiyeneba saSualo geometriuli meTodi, maSin<br />
aqciaTa Rirebuleba maT raodenobaze mravldeba da Sedegi<br />
aqciebis ricxvze iyofa. amasTan, sxvadasxva kompaniis aqciaTa<br />
gayidvis moculobaTa Soris sxvaoba, am SemTxvevaSic<br />
mxedvelobaSi ar miiReba.<br />
indeqsi SeiZleba gansazRvruli periodulobiT iqnes<br />
gaangariSebuli. kerZod: yoveli Tvis dasawyisSi; dadgenili<br />
droisaTvis da sxv.<br />
indeqsi, aRebuli izolirebulad, sxva indeqsebTan<br />
kavSiris gareSe, gansakuTrebul interess ar warmoadgens.<br />
isini faseulia maSin, roca sxvebs edareba da mocemul<br />
sferoSi ganviTarebis saerTo suraTi ixateba.<br />
59