Umahluko phakathi kweebhondi kunye ne-debentures

Uhlaziyo lokugqibela: 22/05/2023
Umbhali: USebastian Vidal

Intshayelelo

Xa sithetha ngotyalo-mali kwimarike ngokwemali, mhlawumbi siye sakuva amagama athi "iibhondi" kunye "nezibophelelo". Zombini zizixhobo zengeniso esisigxina ezivumela abatyali-mali ukuba bafumane imbuyekezo ngeentlawulo zenzala. Nangona kunjalo, nangona zisenokubonakala zifana, kukho umahluko obalulekileyo phakathi kwazo.

Bonos

Iibhondi zizibambiso zamatyala akhutshwa yinkampani okanye ngurhulumente ukuze axhase ngemali ukusebenza kwayo okanye iiprojekthi. Xa kuthengwa ibhondi, umtyali-mali uboleka imali kwiqumrhu elikhuphayo ngokutshintshiselana ngentlawulo yenzala kunye nesithembiso sokubuyisela inqununu ekupheleni kwexesha lebhondi.

  • Iibhondi zikhutshwa ixesha elithile.
  • Inzala ehlawulweyo idla ngokumiselwa ubomi bebhondi.
  • Iibhondi zinokuthengiswa kwimarike yesibini.
  • Umngcipheko wokungagqibeki uxhomekeke kwi-solvency yomniki.

Imbopheleleko

Imali ebolekwayo ikwalukhuseleko lwamatyala akhutshwa yinkampani okanye ngurhulumente. Nangona kunjalo, ngokungafaniyo ne-bond, i-debentures ayinaxesha elimiselweyo kwaye ikhutshwa ngokuqhubekayo.

  • Izibophelelo azinagama likhethekileyo.
  • Inzala ehlawulweyo inokuguquguquka okanye ilungiswe.
  • Azinakuthengiswa kwimarike yesibini.
  • Umngcipheko wokungagqibeki uxhomekeke kwi-solvency yomniki.
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Umahluko ophambili

Umahluko omkhulu phakathi kweebhondi kunye nezibophelelo zihlala kwixesha labo. Iibhondi zinexesha elichaziweyo lokuvuthwa, ngelixa i-debentures ayinayo. Ukongeza, iibhondi zithengiswa kwimarike yesibini, oko kuthetha ukuba Abatyali-mali banokuthenga kwaye bathengise iibhondi phambi kokuba ixesha labo liphele. Kwelinye icala, izibophelelo azikwazi kuthethathethwana.

Umngcipheko wokungahlawuli

Omnye umahluko obalulekileyo ngumngcipheko wokungagqibeki. Zombini iibhondi kunye nezibophelelo ziphantsi komngcipheko wokusilela, oko kukuthi, iqumrhu elikhuphayo alinakukwazi ukuhlawula inzala okanye ukubuyisela inkunzi ekuvuthweni. Umngcipheko wokungagqibeki uxhomekeke kwi-solvency yomniki. Iibhondi zidla ngokuba nomngcipheko ophezulu wokungagqibeki kuneebhondi kuba azinagama lichaziweyo.

Interés

Inzala ehlawulweyo nayo yahlukile kuzo zombini ezi meko. Kwimeko yeebhondi, inzala idla ngokulungiswa kubo bonke ubomi bebhondi, ngelixa kwi-debentures inokuguquguquka.

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Isiphelo

Isishwankathelo, iibhondi kunye ne-debentures zizixhobo zengeniso ezisisigxina ezivumela abatyali-mali ukuba bafumane imbuyekezo ngokuhlawula inzala. Nangona zinokubonakala zifana, kukho ukungafani okubalulekileyo phakathi kwabo ngokwexesha labo, ukuxoxisana, umngcipheko wokungagqibeki kunye nomdla. Kubalulekile ukwazi lo mahluko phambi kokuba utyale kuyo nayiphi na kuzo ukwenza isigqibo esinolwazi.