Y3I>EK11ctoh pecnYI>U11kac11 ou11 ba ypta

MOT-	UT- T-UT- MG�CGoU – l\ Jl l\HJl	nOpTcpeJl TypHra MOc KeJlyBYH HHBecTHu,
H

x,OccaJl l\HMMaTJl l\OFO3Jl pHH TaHJl w.
MOT- UT- – nOpTcpeJl aKTHB Ba naccHB Ky3aTHw, Tax,JlHJl l\HJl Ba waKJlJlaHTHpH6 6Owl\ HwHHHr acOcH, HHBecTHu, )l, pOMa)l,Jl npOrHO3 l\HJl , l\ TJl l\OFO3Jl 6HJlaH 6OFJlHl\ Onepau, 51Jl a)l,aJlJl .

1. 
   pacM)l, MOHHTOpHHr cXeMacH KeJlTHpHJl aH 6yJl 6, yHra acOcaH aKTHB Ba naccHB MOHHTOpHHr TapKH6Jl KypcaTHJl H.
   

^{AKTHB 6Owl\apy ycyJlH} naccHB 6Owl\apyB ycyJlH


MOHHTOpHHr (l\HMMaTJl l\OFO3Jlap HHBecTHu, H cHcp HHH 6ax, Jl )

K,OFO3Jl HH TaHJl OJlHw
MHHHMaJl

51 wH )l, Bep- cHcpHKau,H51Jl H- raH nOpTcpeJlra l\ TJl
l\ FO3 TaHJl
3apypHi1

COTH6 OJlHwra
caMapaJl Jla- pHHH
COTHwra nacT
)l, pOMa)l,Jl -
Jl pHHH
)l, pOMa)l, 6eJlrHJl w

“51HrH nOpTcp Jl” KypcaTKHYJlapHHH x, O6Jl
nOpTcp Jl OnTHMaJlJlawTHp.

3. MOHHTOpHHr HaTH a cTpaTerH51cHHH) TaHJlaw. CaMapa
4. MOHHTOpHHr TyFpHcH)l,a
3cKH Ba 51HrH nOpTcp Jl cOJl THpH6 peBH3H51 l\HJl
(x, a aTJlap 6yi1 a)
Jl H Ba nOpTcpeJl Ty



pHra Kypa 6Ow
apOMa)l,JlHJlHKHH MHHHMaJl)l,aH nacai1HwH
l\ Hw TaKTHKacHHH

cO6OT Tai1epJlaw Ba
( Jl TaKTHKaHH TaHJl Kyn)l, MeHe epHHHr caHbaTHra 6OFJlHl\.

IOl\OpH)l,a ai1THJlraHJlap)l,aH K
rH wapTHOMa 6yi1 a x,H HaTH aJl H 6yi1 a TaKJlHcpJl 6epHw.
“51 rH” nOpTcpeJl waKJlJlaHTHpHw
MOHHTOpHHr Tax,JlHJl

"51HrHcHHH” waKJlJl HpHw
eJl YHl\ l\ i1H)l, rHJl TabKH)l,Jl OH3:

1. 
   K, MaTJl l\OFO3Jlap)l,aH OJlHHa)l, raH )l, pOMa)l,ra )l, pcHcpHKau,H51 Jl wraH nOpTcpeJlHHHr
   

HpyBYH TabcHpHHH 3c)l,aH YHl\apMacJlHK JlO3HM.
6apl\apOpJl wT
PacM. 8.6.1. VI BecTHu, OH cHcpaTHH 6ax,OJl

2. 
   nOpTcp Jl HJlO H 6OpHYa y3 HMKOHH51TJl pHHrH3)l,aH KeJlH6 YHl\l\ H x,OJl)l, waKJlJl HTHpHHr.
   
3. 
   3Hr caMapaJlH (3cpcp ) nOpTcpeJl x,aM )l, epcHcp Kau, 51Jl MaraH pHcKHH x,HcO6ra OJl ai1)l, .
   

rJl Jl Hl\ O)l,Hi1 x,O)l, Jl pHBO HHH OJl)l, Ol\ 6awOpaT l\HJl HH 3nJl w KepaK.

4. 
   CH3HH l\ Hl\ raH l\ MMaTJl l\OFO3Jl TaHJl w)l, MOT-UmOpUT- T- l\ JlJl w JlO3HM. 4yHKH 6y Kyn Hx,aT)l,aH nyJl Ma6JlaFJl pHHH HHBecTHu,H51 l\HJlHw)l,a MyBacpcpal\H51THH KacpOJlaTJlai1)l,H.
   

8.4-YH naparpacp)l, KeJlTHpHJl ca6a6Jlap yJl pOl\ pHcKJlapHH 6Owl\ HwHHHr l\yi1H)l, H TeXHHKacHHH l\ JlJl MyMKHH:

1. 
   PHcKHH YeTJl yTHw, 51bHH cp HOpMaJl a TabcHpYaH HHcTpyMeHTJl HH nOpTcpeJl TapKH6Hra KHpHTHw)l, H BO3 KeYHw. MacaJl , LIBOR HOpMacHraYa HH)l,eKcJl aH O6JlHrau,H51Jl a HHBecTHu,H51 l\HJlHw i1yJlH 6HJl H eKH l\ l\ My)l,)l,aTJl O6Jl u,H51Jl pra HHBecTHu,H51 l\HJl w Opl\aJlH.
   
2. 
   PHcKHH YerapaJl . VIHcTpyMeHTJl HHHr TabcHpYaHJl x,OJl HH 6O3Op cHrHaJlJlapHra l\ YerapaJl .
   
3. 
   PHcKHH y3raHHHr 3HMMacHra yTKa3Hw (cyFypTaJl w i1yJl 6HJl H).
   

OH)l, 6O3OpHHHHr Te3 y3rapyBYaHJlHrH Ba TypJl OMHJlJl pra TabcHpYaHJl rH ca6a6JlH nOpTcpeJlHH 6Owl\ Hw)l, yHH OnTHMaJlJl wTHpHw KaTTa ax,aMH51 3ra. nOpTcp Jl Ty3HJl HHH 51 wHHJl 6yi1
Jl BH)l,JlHJl , )l, pOMa)l,JlHJl Ba pHcK )l, pa acH ypTacH)l,arH YerapaHH TOnHw)l, OnTHMaJlJl wTHpHw l\ JlJl HHJla)l,H. X,O3Hp)l, nOpTcpeJlHH OnTHMaJlJl THpHw yYyH TypJl MO)l, JlJl p l\ JlJl HHJla)l,H, MacaJl , MapKOBHTu,, Wapn, Jl WOyJl , APT Ba 6Owl\ Jl ⁴⁴.

0nTHMaJl nOpTcpeJl H TaHJl w KeTMa KeTJl l\yi1 )l, Jl :

1. 
   nOpTcp Jl OnTHMaJlJl wTHpHw 6yi1 MOHHTOpHHr TyFpHcH)l,a wapTHOMa Ty3Hw.
   
2. 
   MOHHTOpHHr yTKa3Hw.
   
3. 
   0nTHMaJlJlawTHpHw MO)l,eJl TaHJl w.
   
4. 
   nOpTcp Jl 6Owl\ Hw 6yi1 l\ pOp l\ 6yJl l\HJlHw Mal\ca)l,H)l,a MOHHTOpHHr HaTH aJl pH 6yi1 a nOpTcpeJl TapKH6HHH OnTHMaJlJl wTHpHw.
   
5. 
   8.5.1-8.5.4 cpOpMyJl Jl ep)l,aMH)l,a nOpTcp Jl l\ i1 KypH6 YHl\Hw (“4aHrHHH l\Ol\ ”,
   

KepaKJlH l\ MHHH 51 rHJl w).

6. 
   51 HJl H nOpTcpeJl l\ i1 MOHHTOpHHrHHH yTKa3Hw Ba 6Owl\ )l, H (51HrH)l, H) OnTHMaJlJl wTHpHw (nOpTcp Jl 6Owl\ pHw 6yi1 Ya HaB6aT)l,arH l\apOpHH l\ 6yJl l\HJl ).
   
7. 
   MOHHTOpHHr wapTHOMacH My)l,)l, HHHr TyrawH 6HJl H x,HcO6OT Tai1 Jl 6 Tal\)l,HM 3THw. nOpTcpeJl OnTHMaJlJl wTHpHw Ba 6Owl\ 6yi1 a l\ pOp l\ 6yJl l\HJl TypJl l\HMMaTJl
   

l\ FO3Jl TynJl H 6yi1 Ya napaMeTpJlapHHHr TaJl )l, a acH)l, caMapaJlH Onepau,H51Jlap 6a apHwra OJl KeJla)l,H. yH)l, nOpTcpeJl TapKH6H)l,arH l\ MMaTJl l\OFO3Jl HHcpJl51u,H51 6OFJlHl\ 6yJl raH x,OJl)l, y3Jl pHHHHr 6ax,OcHHH cal\Jl l\OJl , ce3HJl JlH )l, pOMa)l, KeJl HpHwH JlO3HM.
Arap nOpTcpeJl 6Owl\ pHw MO)l,eJl apaeH cHcp TH)l,a KypHJl a, yH)l, yHH l\ i1H)l, rH cXeMa)l,a HcpO)l, Jl w MyMKHH (8.6.2-YH pacM).

1. 
   
   5. VIHBecTHu, H OMHJlJlap MOHHTOpHHrH
   

   3. Owl\apyB cTpaTerH51cH
   4. VIHBecTOp- Jl HcTarH

   
   
   
   VIHBecTOpJlap Mal\- ca)l, Ba MOi1HJlJlHKJl - pHHH aHHl\Jl
   

HrJl.-M.: VIHcppa M, 19
171
6. nOpTcpeJlHH Ty3Hw
8. nOpTcpeJl- HH yJlYaw

. VIHBecTHu,HH: n
ep.c a 99.-1028 c.
7. VIl\THcO)l, i1

CXeMa)l, 6ew TapKH6Hi1 l\ HH a paTH6 KypcaTHw MyMKHH:

1. 
   VI BecTHu,H51 Mal\ca)l,JlapH, HHBecTOpJlap MOi1HJlJl H, 51 H 6Owl\ pHw cTpaTerH51 HHr
   

)l, aHTJl (1 Ba 3 6JlOKJl ).

2. 
   K, Jl l\OFO3Jl HHHr TypJl x,HJlJlapH )l,apOMa)l, )l, acHHH TacBHpJlaw (2 Ba 4 6JlOKJl ).
   
3. 
   TaHJl 6 OJl BOcHTaJl pHH OnTHMaJl 6HpJl H waKJlJl HpHw yYyH TacBHpJl p Ba HHBecTHu, OH Mal\ca)l,JlapHH HHTerpau,H51Jlaw (6JlOK 6).
   
4. 
   nOpTcpeJl TapKH6HHH y3rapHwHra OJl KeJlyBYH OMHJlJl pHH )l, HMHi1 ypraHHw Ba Tax,JlHJl l\HJl 6 6OpHw (5 Ba 7 6JlOKJlap).
   
5. 
   nOpTcpeJl napaMeTpJlapHHH pHcKKa HHc6aTaH 8.5.1-8.5.4 cpOpMyJlaJl ep)l, )l, 6ax,OJl (yJl ).
   

Caao!l!lap

1. 
   nOpTcpeJl H 6Owl\ )l, aH)l, HHMa TywyHHJla)l, ?
   
2. 
   nOpTcpeJl H 6ax,OJl l\ )l,ai1 aMaJlra OwHpHJla)l, ?
   
3. 
   nOpTcpeJl MOHHTOpHHrH l\aH)l,ai1 aMaJlra OwHpHJl )l,H?
   
4. 
   nOpTcpeJl pHcKJlapH l\aH)l,ai1 6Owl\ HJla)l, ?
   
5. 
   0nTHMaJl nOpTcpeJl l\aH)l,ai1 TaHJlaHa)l, ?
   
6. 
   nOpTcpeJl H 6Owl\ cXeMacH l\ )l,ai1 6yJla)l, ?
   

Tonmupu !l

1. 
   VI u, H nOpTcpeJl H 6Owl\ MeTO)l, H aMaJlHi1 MacaJla)l, l\ JlJl r.
   
2. 
   nOpTcp Jl OnTHMaJlJl wTHpHw MO)l,eJlJl pHHH y3JlawTHpHHr.
   
3. 
   TepMHHJl p Jl FaTHHH Ty3HHr.
   

IX-I>OI>. MOU11 I> 11H11 MYBO11l\ AWT11 11 BA HA3OPAT l\11U11W ACOCUAP11

1.