[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.sfkzv.sk\/poculi-ste-o-derivatoch-na-co-sluzia-a-ako-funguju\/#Article","mainEntityOfPage":"https:\/\/www.sfkzv.sk\/poculi-ste-o-derivatoch-na-co-sluzia-a-ako-funguju\/","headline":"Po\u010duli ste o deriv\u00e1toch? Na \u010do sl\u00fa\u017eia a ako funguj\u00fa?","name":"Po\u010duli ste o deriv\u00e1toch? Na \u010do sl\u00fa\u017eia a ako funguj\u00fa?","description":"Hist\u00f3ria deriv\u00e1tov Prv\u00e9 pou\u017eitie deriv\u00e1tov\u00e9ho kontraktu zaznamenal gr\u00e9cky filozof Aristoteles. Pod\u013ea neho sa gr\u00e9cky filozof Thales rozhodol k\u00fapi\u0165 v\u00fdhradn\u00e9 pr\u00e1vo &hellip; <a href=\"https:\/\/www.sfkzv.sk\/poculi-ste-o-derivatoch-na-co-sluzia-a-ako-funguju\/\" class=\"more-link\"><span class=\"more-button\">Pre\u010d\u00edta\u0165<span class=\"screen-reader-text\">Po\u010duli ste o deriv\u00e1toch? Na \u010do sl\u00fa\u017eia a ako funguj\u00fa?<\/span><\/span><\/a>","datePublished":"2018-08-30","dateModified":"2023-07-21","author":{"@type":"Person","@id":"https:\/\/www.sfkzv.sk\/author\/#Person","name":"","url":"https:\/\/www.sfkzv.sk\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/325464d7e09ffe52889ba6983accc5cdb65d0a54acd9a25cd7e409bd3eba713a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/325464d7e09ffe52889ba6983accc5cdb65d0a54acd9a25cd7e409bd3eba713a?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"sfkzv.sk","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.sfkzv.sk\/wp-content\/uploads\/img_a292724_w16523_t1540918442.jpg","url":"https:\/\/www.sfkzv.sk\/wp-content\/uploads\/img_a292724_w16523_t1540918442.jpg","height":0,"width":0},"url":"https:\/\/www.sfkzv.sk\/poculi-ste-o-derivatoch-na-co-sluzia-a-ako-funguju\/","about":["Financie"],"wordCount":402,"articleBody":"Hist\u00f3ria deriv\u00e1tovPrv\u00e9 pou\u017eitie deriv\u00e1tov\u00e9ho kontraktu zaznamenal gr\u00e9cky filozof Aristoteles. Pod\u013ea neho sa gr\u00e9cky filozof Thales rozhodol k\u00fapi\u0165 v\u00fdhradn\u00e9 pr\u00e1vo pou\u017e\u00edva\u0165 v\u0161etky olivov\u00e9 lisy miest Chios a Miletus po zbere. Vzh\u013eadom na to, \u017ee dohoda bola vykonan\u00e1 v zime a nebolo mo\u017en\u00e9 vedie\u0165, \u010di by olivov\u00e1 \u00faroda bola dobr\u00e1, bol schopn\u00fd zabezpe\u010di\u0165\u00a0 si kontrakt za ni\u017e\u0161iu cenu. Majitelia olivov\u00fdch lisov to videli ako sp\u00f4sob, ako vyrovna\u0165 aspo\u0148 niektor\u00e9 straty, ktor\u00e9 by vznikli vtedy, ak by zber nebol dostato\u010dne \u00farodn\u00fd. Na\u0161\u0165astie \u00faroda vynikaj\u00faca a dopyt po olivov\u00fdch lisoch vystrelil a z\u00edskal im obrovsk\u00fd zisk.Takto funguje podstata deriv\u00e1tov. Umo\u017e\u0148uj\u00fa investorom stavi\u0165 sa na mo\u017en\u00fa bud\u00facu cenu majetku, ktor\u00fdm m\u00f4\u017ee by\u0165 \u010doko\u013evek, od akci\u00ed, dlhopisov a komod\u00edt po meny a \u00farokov\u00e9 sadzby. Ich hodnota je odvoden\u00e1 od hodnoty akt\u00edva.Ak\u00fd je ich \u00fa\u010del?Pou\u017e\u00edvaj\u00fa sa na \u0161pekul\u00e1cie alebo na zabezpe\u010denie invest\u00edci\u00ed. Zaistenie sa vz\u0165ahuje na pou\u017eitie deriv\u00e1tov ako poistenie vo\u010di strat\u00e1m sp\u00f4soben\u00fdm kol\u00edsan\u00edm cien akci\u00ed, dlhopisov, komod\u00edt a indexov, zmenami \u00farokov\u00fdch mier alebo v\u00fdmenn\u00fdch kurzov. To znamen\u00e1, \u017ee deriv\u00e1ty m\u00f4\u017eu by\u0165 pou\u017eit\u00e9 na prevzatie zna\u010dn\u00e9ho mno\u017estva rizika s mo\u017enos\u0165ou rovnako lukrat\u00edvneho n\u00e1vratu.To, \u010do Thales dosiahol v Aristotelovej \u00favahe, je cie\u013eom \u0161pekulantov. Zah\u0155\u0148aj\u00fa zmluvy o deriv\u00e1toch, pri ktor\u00fdch sa sleduje, \u017ee bud\u00faca cena dan\u00e9ho majetku sa v\u00fdrazne l\u00ed\u0161i od o\u010dak\u00e1vanej ceny. Maj\u00fa v \u00famysle dosiahnu\u0165 zisk zalo\u017een\u00fd na predpoklade, \u017ee druh\u00e1 strana zmluvy m\u00e1 \u00faplne opa\u010dn\u00fd n\u00e1zor, pokia\u013e ide o o\u010dak\u00e1van\u00fa trhov\u00fa cenu, \u010do by viedlo k tomu, \u017ee by priniesli v\u00fdznamn\u00e9 straty, k\u00fdm \u0161pekulant dosiahne zna\u010dn\u00fd zisk. To viedlo k tomu, \u017ee deriv\u00e1ty z\u00edskali sk\u00f4r nepr\u00edjemn\u00fa poves\u0165.Deriv\u00e1ty nie s\u00fa v\u017edy zl\u00e9. Pre mnoh\u00e9 spolo\u010dnosti s\u00fa to d\u00f4le\u017eit\u00e9 n\u00e1stroje na zabezpe\u010denie ziskovosti na volatilnom trhu, \u010d\u00edm sa zabezpe\u010duje ist\u00fd stupe\u0148 istoty pre ich investorov. Av\u0161ak nemus\u00ed by\u0165 ide\u00e1lny pre priemern\u00e9ho investora. Je rozumn\u00e9 zad\u00e1va\u0165 deriv\u00e1tov\u00fa zmluvu iba vtedy, ak plne pochop\u00edte pr\u00edslu\u0161n\u00e9 rizik\u00e1.                                                                                                                                                                                                                                                                                                                                                                                        4.4\/5 - (9 votes)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Po\u010duli ste o deriv\u00e1toch? Na \u010do sl\u00fa\u017eia a ako funguj\u00fa?","item":"https:\/\/www.sfkzv.sk\/poculi-ste-o-derivatoch-na-co-sluzia-a-ako-funguju\/#breadcrumbitem"}]}]