eCCUe yCYelfGT- nOpmrjJe!l KanHTaJlHH MaKcHMaJl ycHwHra l\apaTHJlraH 6yJl
(naKeTJl ) Kypc 6ax,OcHHH ycHwHra l\ pa6, yw6y rypyx, TawKHJl l\HJl BYH nOpTcpeJlJl TypH 6eJlrHJl
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ew, Te3 ycyBYaH, ol\OpH pHcKJl , Jl wy 6HJlaH 6Hpra ol\OpH )l,apOMa)l,Jl KeJl yBYH KOMnaHH51Jl aKu,H51Jl KHpa)l, .
KOT- epeGmUe yCYelfGT- nOpmrjJe!l nacT pHcKJl 6yJl 6, y3 TapKH6HHH acOcaH i1 K, TaHHJlraH KOMnaHH51Jl p aKu, 51Jl pH 6HJl waKJlJlaHTHpa)l,H. yH)l, aKu,H51Jl Kypc 6ax,OcH 6apl\apOp cypbaTJl 6HJl ycyBYaH 6yJla)l, . nOpTcp Jl TapKH6H y3Ol\ My)l,)l, )l, MH)l, 6apl\ p 6yJl 6 l\OJl , y3H)l, rH KanHTaJl cal\Jl l\OJl l\ THJl H.
YpmGlf yCYelfGT- nOpmrjJe!l arpeccHB Ba KOHcepBaTHB nOpTcpeJlJl HHr OMyx, cH 6yJl 6, yHra y3Ol\ My)l,)l, Tra OJl HwOHYHJl MOJlH51BHi1 HHcTpyMeHTJlap 6HJlaH 6Hpra TapKH6H Te3 ()l,aBpHi1) 51HrHJl 6OpyBYH pHcKJl HHcTpyMeHTJlap x, KHpa)l, . yH)l, ypTaYa ycHw Ba l\OHHl\ pJl pHcK
)l, pa acH KacpOJlaTJlaHa)l, . nOpTcpeJl HwOHYJlHJlHrH )l, pa acH Kypc 6ax,OcH KOHcepBaTHB ycyBYaH HHcTpyMeHTJl p x,HcO6Hra TabMHHJlaHa)l, , )l,apOMa)l,Jl Jl H 3ca – Kypc 6ax, cH arpeccHB ycyBYaH HHcTpyMeHTJl 3Ba3Hra TabMHHJlaHa)l, . yH)l,ai1 Typ)l,arH nOpTcpeJlJlap aMaJlHeT)l,a KeHr Tapl\aJlraH 6yJlH6, ol\OpH pHcKKa MOi1HJl 6yJl HHBecTOpJl p TOMHH)l,aH Kyn l\yJlJl Jla)l, .
J( o nOpmrjJe!l cpOH3Jl Ba )l,HBH)l, )l,Jl KypHHHwH)l, ol\ pH OpHi1 TyJl Jl OJl ra l\ Jl aH 6yJl 6, acOcaH Kypc 6ax, cH KaMpOl\ ycyBYaH, Jl KHH Mebep )l, a acH)l,a pHcKJlH Ba ol\OpH )l,apOMa)l, TyJl BJl KOpnOpaTHB l\ TJl l\ 3Jl )l, TapKH6 TOna)l, . yH)l,ai1 nOpTcpeJl Ty3Hw)l, H Mal\ca)l, – KOHcepBaTHB HHBecTOp yYyH Mabl\yJl 6yJl MHHHMaJl pHcK
)l, pa acHra MOc KeJlyBYH MabJlyM 6Hp )l, pOMa)l, MHl\)l,OpHHH OJl . WyHHHr yYyH 6y)l,ai1 nOpTcpeJlJl HHBecTHu, O6beKTH 6yJl 6, ol\OpH HwOHYJl cp H)l, HHcTpyMeHTJl (6apl\ pOp TyJl Ha)l, )l, H cp )l, pOMaJl Ba Kypc 6ax, 6aJlaH)l, HHc6aTHra 3raJl ) x,HcO6JlaHa)l,H.
MYT- GM oGpOMGo!l nOpmrjJe!l pHcKHHHr MHHHMaJl )l,apa acH)l, ypTaYa )l, Ma)l, KeJl yBYH ol\ HwOHYJl HHcTpyMeHTJl )l, TapKH6 TOna)l,H.
J( o!l UT-CmpYMeT-m!l oGT- U6OpGm nOpmrjJe!l pHcKHHHr ypTaYa )l,apa acH)l, ol\ pH
)l,apOMa)l, KeJlTHpyBYH l\HMMaTJlH l\OFO3Jlap Ba ol\OpH )l, pOMa)l,JlH KOpnOpau, 51Jlap O6Jl u,H51JlapH)l, TapKH6 TOna)l,H.
YCYelf T- eG oGpOMGo nOpmrjJe!l cpOH)l, HHcTpyMeHJl pHHHHr Kypc 6ax,OcHHH TywH6 KeTHwH Ba KHYpai1 KeTa)l,HraH cp Ba )l,HBH)l,eH)l, TyJl BJl H ca6a6JlH cpOH)l, 6O3OpH)l,a MyMKHH 6yJl i1yl\OTHwJl OJl)l,HHH OJl yYyH waKJlJlaHTHpHJl )l, . nOpTcp Jl KHpraH MOJlH51BHi1 aKTHBJlapHHHr 6Hp l\ MH HHBecTOpra KanHTaJl 6ax,OcHHH ycHwH 6yi1 , HKKHHYH l\ 3ca
)l, pOMa)l, OpTHwHHH TabMHHJl i1)l, . yH)l, aKTHBJl 6Hp l\ MH 6yi1 i1yl\OTHwJl HKKHHYHcHHH KyTapHJl wH x,HcO6Hra l\OnJl a)l, .
IKKG!l MGT-6G G UyT-G!l GT- nOpmrjJe!l y3 3racHra HHBecTHu,H51 l\HJl KanHTaJlH 6yi1
ol\ pH )l, Ma)l, KeJl pyBYH aKTHBJl )l,aH TapKH6 TOna)l, . Yw6y x,OJl)l,a HKKaJl MaH6ara i1 aJl aH HHBecTHu,H51 cpOH)l,Jl l\ TJl l\ 3Jl H x,al\H)l, cp opHTHJlMOl\)l, 6yJl 6, yJlap y3Jl HHHHr HKKH Typ)l, aKu,H51JlapHHH YHl\apa)l, : 6HpHHYHcH – ol\OpH )l, a)l, KeJl yBYHJl , HKKHHYHcH
– KanHTaJl Kypc 6ax,OcH ycHwHHH TabMHHJl i1)l, . yH)l,ai1 nOpTcpeJl XapaKTepHcTHKaJl yw6y cpOH)l,Jl p aKu,H51Jl H Kyn MHl\)l,OpH)l,aH TapKH6 TOnHwH 6HJl H 6eJlrHJl Ha)l,H.
EG!lGT-C!lGiu UpU!l GT- nOpmrjJe!l y3H)l, Ha cpal\aT )l, Ma)l,Jl pHH, 6aJl pHcKJl pHH x,aM y3apO 6aJlaHcJlawTHpHJl HHHH Ha3ap)l, TyTa)l, . aJlaHcJlawTHpHJl nOpTcpeJlJl MabJlyM npOnOpu,H51)l,a Kypc 6ax,OcH ycyBYH Ba ol\ pH )l, Ma)l,Jl l\HMMaTJl l\ FO3Jl )l, TapKH6 TOna)l, . nOpTcpeJlJlap TapKH6Hra 6O3Op KOHboHKTypacHra l\ ol\ pHcKJl l\HMMaTJl l\ 3Jl x, KHpHTHJla)l,H, Jl HH yJlap O)l, T)l, O)l,)l,Hi1 Ba HMTHe3JlH aKu,H51Jlap x, M)l, O6JlHrau,H51Jlap)l, waKJlJlaHTHpHJla)l, .
Arap nOpTcpeJlJl p TypHHH HHBecTOp yYyH Mabl\yJl 6yJl pHcKJlap )l, acH 6yi1 Ya TacHHcpJl ca, yH)l,a nOpTcpeJlJlap TypH TypT x,HJl 6yJl H MyMKHH: KOHcepBaTHB, MebepJl arpeccHB, arpeccHB H HOpau,HOHaJl. eMaK, HHBecTOpHHHr x,ap 6Hp TypHra yHra MOc 6yJl nOpTcpeJl TypH TyFpH KeJla)l, : ol\ pH )l,apa a)l, HwOHYJlH, Jl nacT )l,apOMa)l,Jl ; )l, epcHcp Kau, 51JlaHraH; pHcKJlH, Jl ol\ )l,apOMa)l,JlH, TH3HMcH3 (8.4.1 a)l,BaJlra l\apaJlcHH).
163
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