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5.6. poeypa ca

 

Pe, peypy oyc ex ya opoe, cooyoc c opo poee oepa c oo eoc opaye cepey peoro exaa, ocyaeo peypyeo ee acooro aaa. peo oopo, coepee oepa c oo eoc eoo e opo, .e. ocooo cocoa oppoa, ya ya pex . o poo oa ecmu Komupoo ouccuu upu, peceye e:

oyc ya a ooy py coepe c pax oepa oce cooeye poep ye acooro ooe p, paax ooe eoc;

opeeee e ypca ex ya, a ae pecpa ya ypco (e) a ooe eoc pex ex.

poecc opaeu oox eocme a cex ouuao apeucpupax oox upax oem ocyecmmc moo c eu 6yau, omope ycneo npou cneuay upey npoeypy, m.e. (yao "ee "). Bco oa eoxoo ec c (cco) cooeye p co ee ya, e oaeo poco poyca . oa p e oo e oyca ooe eoc, cycye ax (ccax), poeccy peoro pa*, o o cpaxo cax cypox ca aeopec apea apecppoa a x ea ocye ae-o oepa c a eo ae o ae .

* a c poccx pax: oy ayca 1994 , o ex ya, poex poeypy a, e coaa 5% oeo peoo oopo .

Bce ce c e yaa, e poe , oea ocye coe ceo ao ope o ey ca yaca e oee p. pa e ece oece a aeoc aooc ax ceo, a e oaax o ee pcu oeax p pe paa oe.

opex o ex ya, .e. a x oe pex ccax, oaae papeee a yace x pax ae ce e pe, op aee a a ea yaa, ye aeoaa peo poe.

C peco pe aoe aoepoe oeco aao e oao oc co a e ee ya e e pee c; oo ee a pao, opoe oce e oaeo peaa. Te e eee pea po a oa, , a pao, co oa cera cpe paec co ee ya a ao-o oo ae ecox pax pax, po y cya opeeee o peyea, eae peaa ao paa a pae.

K npeyecma ucmua cooeceo yac pex pax oc pee ceo co apmauocm, .e. oo peaa a pe, oe ypoe oc ex ya, a ae oe o ooceo aoc x . poecc opaoa oox eoce o oc opoe eocpeceo peypyec cao pe, opa a opao peoxpae aaee a pax ce o a x ee oeea oyn.

ecop, oya ee ya, ee opoa c p, oe yepe, o oy ocepy coepeey opa o oa-ee pe ee ex ya. O oe e ooo oea pce ooecoro pa ea aeco ero ex ya.

Ta opao, oe, c ecp, pe o cpeca o ecec c ooe eoc, ece c aaec popeae o aop cex peyec, ope ae ce oec cpe a, paae oo pa. ooa pa, oao, e apapy oxoo e a oa, poex .

Aaoo y e p ecoex o pe o ece cox ex ya pee c oao apecppoax oox p ae ea ca . Ta, oa, ecee ae cc, oya oy uecmocm u nonym (cumu) cpeu u, amx cepe uecmuu. Ka pao, a, acoe y ca poep pae eoxoo coaac aac oco a oe yc a x ex ya ex oa, oope oea oao a peoe o ece x pee c xo a oo oao apecppoao. Kopoa a a pe ooe oa a yoe o a pe.

pa ccea oep poo coc a. p ooe c oa oea ao opae a ypcoy poy co a, a e a y, aacoy, opa y ax oa, a pao, e. pe cpa ec ocoae peoae oa opeeex oee cyecme cuo npu aooo. aoe, oa, coco ax ax, a pao, ee ae oumc oepu u pacnooeu a u uaco ucmumymo cyax ooe y x opeoc aax pax, a ae oeaemc paeeue ox nyco o6ua, oeppyex ccoe (coe) . Ta opao, ucmu mo cucmea noepu pa, omopa coaem aonpume ycou opauoaoo pa, nooem um auoee aee u aecmee ee yau u cnococmyem noe ux uuocmu.

B ae pae oa e oaa coo-y aeoo a oey aea eo ya a c pe ecopa, a ea. Oao ce ae opax oyeax yoa ee ya, ee poy poy.

oyae (ae) ex yar, ex poy opoy, a pao, oaa peyeo peeppoa o x oeceee o cpae c e yaa e .

p ca ycaaa paa oa-e, eax co a peo cco, oy a ao pe co "exoor" oyca ex ya opoe. Paa peoa oa, ea opoa co a a opeo pe.

Pae poecca a a oeeeo ooo pe eo cooeye poo pae. Ta, a pyex pax Pocc ycaoe ae aeee pep, a co a opae cpo cyeoa e ya, a a epex x x aa paa yaoro aaa.

Bee c e aae ae papoc o oaae, p aece pep a a oeceo (o ce o pex), a aeeo ooex. o oae poeypy ca a oeeex oox pax o oyca ex ya ccoo peo poe a pax cpaax, e pep cra ocoo . O e oao, o ocoeo eo poceaec p x cpae a pax cpa c pa oo po pax .

Hapep, epa cyecy oce oox p. Ho ocao ey aex eex ex ya (aoax) po poeypy a xo oo x, ero a oy opoac a oax ce.

Pae peoo aooaeca apaeo a yeoee pa a oecee ox rapa . ooy oro, o a opopa p opoe a H-opco ooo pe, oa oa oea py . a x acae oecex oaaee eeoc opopa: ea ao (a HCE y 18 .o.; caopax pa 12; pa, re e oox p, 10 . o.); p a oce aaco ro (a a ro yx peyx oceey aacooy roy e eee 2,5 . o., cyapa p a ocee p roa e eee 6,5 . o., a o oe p); oeco yex opaee a (e eee 1,1 . .; co aoepo, aex e eee e 100 a, apep, a HCE 2 c.eoe, oee oeo aoepo 2,2 . ). Ho ro ocaoo, opopa, oeaa ce oee peoa, aaec e ae co p, opyx co a a pe. pa oea cee ecoc oa acae pa, ee ec, aaeoe opac, ..

p oyce peo proe e yaa epa peay po pa pee . yepcac a, eeoc opx pacpocpaec a ocyecee aocx oepa, a pro e yaa, x xpaee ypaee. a, aac orooo oyea poxoe ca, pae a ce pyooo o ocyece poeyp. pepe-e oo pocyeoa o pae epe p roa, pee e oo coe oa xoaao o oyce cox ex yar oao opoe a pe. Bee c oae xoaaca o pae oao aepea ca prooro peepa, oce pepa yaa, a ae rooe aac pye aoe oye a p .

cc oa oca peooeo ypcoo coc paepe 2,5 . eex apo. oecee oaoro ypo cpoca a a, oyc opx peycapae, eoxo pae a pe o pae epe 25% yao . ee ya o cooo opaac a pe, oy x e o ococ coxoo ya peoc peo pro, a eo oope ay aca.

poep cooec apapa yca ex ya ycaoe pep, a ae ocoro aaa x ecox aec a pax coa ceae . aacy ao e oc aae ea ca, op apaeo peae cye aa. -epx, ocyece cepy cooecp oaaee, yaax ae ea, opa pep, yaoe pe, oc co peoea.

paec a cex pocccx pax poypa ca aaec c noau au ome ucmua c npuoeue pa omapu aepex oemo. aa o noaac oo e eo, ee ya oporo ye apeppoa cooec c ey . Oa pcae a peo ae, ee ea oc pyooe, cee o peppyeo yce ex ya, aeoae, oep yca, oa, apa ocoepoc npaex oe ca oye, a ae yoee o coac c cyecy paa oyca opoe (). Kpoe o, peca ypeee oyc, cpaa o oaeo yao oe, o poea cc yaoeoro aoo opaa. Ec aoepoe o6eco yopyer oee ooro oa e paopeeo pyro pccoro ua, o ooeo pac yxaepc aac oe o pacpec p a oce aco o, aepe eac . Ka pao, pa ocae a coo pao poa o a peocae pvx oye opa, eoxoo po cepo oe oyca ex ya opoe. Paccopee a oo e peae o .

Peee e o ece peo cco pa ocoaeo p a: om ucmua, Kouccu no onycy ex y , aoe, upeo em.

C e a epeco ecpo pa oe peeo acea c ee yar aoepoo oeca opoooro . B CA paa onyca a opopa opoe, ecy a H-opco ooo pe, peycopeo, o pa ee pao pocao poy a o oa ooe c ec ca opyxc, ec o ocao ocoaec ooea, pccaee Co pepo. o ooc pa, oea ce oece peoa, o e eaopoe cooe coce, ocoy apoo oa yap o peya p, e opoac ee a.

Cyecy pu op peeoo npepaeu omupou a upe:

1) opoa aaa pro (o op po pa o paa peepa caacpoa aa a oyy poay e ca opee oee cpaey ey, ec o aoy-o y a oyo eoao ooe oeco aao a oyy poay);

2) epep poe (oe oe pe cooe ao-o ao opa);

3) poaoa po a oy cecc oee (coyec, oa yo pe, o paopac ao-o ao co, a ae p apye oae coae o ce o eo ycpae, p pee o ee ex ya oa-a).

eucu, uceue u upeoo cnuca, o oceoa, ec:

e oe apoo eo acooe cooe pao yoeope;

yoe paee ex ya oae peeo ax acao oo x ecooe a peoa a;

oa-e ceo e oa aee o6 ce x ex yar ca opyxc;

ee ya ea ooa oae oea a oe p x poe, a ae p c c pyo po ..;

apyae coaee o ce;

oae-eo e pecae eeo oe pya opa yaae cpo ..

Oo poa, peex opopa, opy a a HCE, aaec epoeco peoae oao ooo oea opa ecpa, a ae yo oo o acoo-xoceo eeo . ya cee, acaxc aooo ooe oa, eoxoa a caopeypoa p, a ocyapceoo peypoa oooo pa. ooe peoa o a pocccx pax.

B aoee pe poo pae pooe pae oy poecc eopaa peoro . Ha pyx pax opay pe p pee p, oco oe oopx e oyce poyp . Oopee ceo ocyce o e ope. Ce coepa a e ooe eo, o pc ecpa ao cyae .

 

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ABA 1. Cyoc peo opo

1.1. OHTE OPAHOBAHHOO PHKA

1.2. OTTEHE EPT PEBO TOPOB

1.3. BO PEBO TOPOB

1.4. PH COB BOPOEH PEBO TOPOB B POCC B 1990-1991 .

ABA 2. 

2.1. OHTE P CTOP EE BOHKHOBEH

2.2. HK COBPEEHHO P

2.3.

2.4. PA OPAHA PEBO HPACTPKTP

2.5. OHTE, COCTAB PH PEPOBAH PEBO ETEHOCT

ABA 3.

3.1. OHTE COCTAB PEBOO TOBAPA

3.2. XAPAKTEPCTKA PEBOO TOBAPA TOBAPHX P

3.3.  EHHE A PEBO TOBAP

3.4. BATA KAK TOBAP

 ABA 4.

4.1. PHOK EHHX A

4.2. TOBAPH PHOK

4.3.

ABA 5.

5.1. PEBE HEKC

5.2. HAEHTAH AHA B PEBO TOPOBE

5.3.COOBAHE TEXHECKOO AHAA B PEBO EE

ABA 6.

6.1. PETE EH P

6.2. OPAH PABEH PE

ABA 7.

7.1. POKEPCKA ETEHOCT

7.2. EPCKA ETEHOCT

ABA 8.

8.1. PABA PEBX TOPOB

8.2. ACTHK PEBX TOPOB

8.3. OCK PEBOO TOBAPA K TOPA

8.4. TOPOBE OPEH X B

8.5. EXAH BEEH PEBOO TOPA

ABA 9.

9.1. OHTE CEKAX C PEB TOBAPO

9.2.B, OCOEHHOCT OPOK AKEH CEOK HA TOBAPHO, OHOBO BATHO PAX

ABA 10.

l0.1. CHOCT HK KPHA PACETOB

l0.2. EE OCAHE KPHA PACETOB

10.3. OCHOBHE B PCKOB

10.4. KPH PACET HA PHKE EHHX A

10.5. KPH PACET HA PHKE EPCHX KOHTPAKTOB

10.6.0CHOBHE HAPABEH PABT CCTE KPHA PACETOB

11.

11.1.

11.2. CTAHOBEHE EH HA AKOHE

11.3. ETO CTAHOBEH EHOO KPCA

11.4. KCH KAK COCO CTAHOBEH EH

ABA 12.

12.1. PO CPECTB ABTOAT B PEBO ETEHOCT

12.2. ABTOATPOBAHHE PAOE ECTA ACTHKOB PEBO ETEHOCT HA AE B

12.3. ABTOATPOBAHHE CCTE PABEH P

ABA 13.

13.1. OHTE EPCHO TOPOB EPCHOO KOHTPAKTA

13.2. CTOP PH BOHKHOBEH EPCHO TOPOB

13.3. E EPCHO TOPOB

13.4. EXAH PEBO EPCHO TOPOB

13.5. OPOK AKEH COHEH CEOK HA K-POA EPCHX KOHTPAKTOB

13.6. XEPOBAHE PEBA CEK

13.7. EHOOPAOBAHE

13.8. HAHCOBE PACET

13.9. OCOEHHOCT EPCHO TOPOB B POCC

14.

14.1.

14.2. ACHE OOHHE CTPATE

14.2.1.

14.2.2.

14.3. EHOOPAE AKTOP PEBX OOHOB

TOBAPHE P CA KAHA

(CHICAGO BOAD OF TADE)

KACKA KOEPECKA PA (CCAGO ECATILE EXCHAGE)

CPEHEAEPKAHCKA TOBAPHA PA (ID-AEICA COODITY EXCHAGE)

H-OPKCKA TOBAPHA PA (COODITY EXCHAGE IC, (COEX)

- (EW-YOK EKATILE EXCHAGE (YEX)

H-OPKCKA PA KOE, CAXAPA KAKAO (EW-YOK COFFEE, SGE AD COCOA EXCHAGE (CSCE)

H-OPKCKA PA 0 XOK TPCOB (EW-YOK COTTO, CITS AD PETOLE EXCHAGE IC, (YCE)

OHOHCKA EPCHA OOHHA PA (THE LODO ITEATIOAL FIACIAL FTES & OPTIOS EXCHAGE)

OHOHCKA PA ETAOB (THE LODO ETAL EXCHAGE)

 

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