[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.stasting.cz\/dluhopisy\/#Article","mainEntityOfPage":"https:\/\/www.stasting.cz\/dluhopisy\/","headline":"Dluhopisy","name":"Dluhopisy","description":"Dluhopis je emisn\u00ed cenn\u00fd pap\u00edr, kter\u00fd umo\u017e\u0148uje subjektu, jen\u017e jej vyd\u00e1v\u00e1, zajistit zdroj financov\u00e1n\u00ed jin\u00fdm zp\u016fsobem ne\u017e si p\u016fj\u010dit nap\u0159\u00edklad v\u00a0bance. V\u011b\u0159itel tedy nen\u00ed jen jeden, v\u011b\u0159itelem je ka\u017ed\u00fd majitel dluhopisu. Ten m\u00e1 pr\u00e1vo na splacen\u00ed ur\u010dit\u00e9 dlu\u017en\u00e9 \u010d\u00e1stky a vyplacen\u00ed stanoven\u00fdch v\u00fdnos\u016f. Nej\u010dast\u011bji vyd\u00e1v\u00e1 dluhopisy st\u00e1t, kraj, obec nebo pr\u00e1vnick\u00e1 osoba, obchodn\u00ed korporace.\u00a0 Dluhopisy m\u016f\u017ee vyd\u00e1vat i jak\u00e1koli fyzick\u00e1 osoba. Podm\u00ednkou pro ve\u0159ejn\u00e9 nab\u00edzen\u00ed dluhopis\u016f v\u00a0\u010cesk\u00e9 republice je schv\u00e1len\u00ed projektu \u010ceskou n\u00e1rodn\u00ed bankou, v\u00fdjimku ud\u011bluje \u010cNB, nap\u0159\u00edklad pro emise dluhopis\u016f do 1 milionu eur. Jinak je mo\u017en\u00e9 nab\u00edzet dluhopisy pouze neve\u0159ejn\u011b. V\u00fdznam rozd\u011blen\u00ed dluhopis\u016f podle emitenta spo\u010d\u00edv\u00e1 v\u00a0ur\u010den\u00ed rizika podle jeho d\u016fv\u011bryhodnosti. Vedle pokladni\u010dn\u00edch pouk\u00e1zek, bankovn\u00edch a korpor\u00e1tn\u00edch dluhopis\u016f jsou komun\u00e1ln\u00ed a st\u00e1tn\u00ed dluhopisy s\u00a0nejni\u017e\u0161\u00ed m\u00edrou rizika, i proto jsou mezi investory velmi popul\u00e1rn\u00ed. Podle doby splatnosti d\u011bl\u00edme dluhopisy na kr\u00e1tkodob\u00e9, se splatnost\u00ed do 1 roku, st\u0159edn\u011bdob\u00e9 se splatnost\u00ed 1rok a\u017e 10 let a dlouhodob\u00e9, u nich\u017e je splatnost zpravidla del\u0161\u00ed ne\u017e 10 let. Podle zp\u016fsobu \u00faro\u010den\u00ed d\u011bl\u00edme dluhopisy na dluhopisy s\u00a0pevn\u00fdm, prom\u011bnliv\u00fdm nebo nulov\u00fdm z\u00faro\u010den\u00edm a takzvan\u00e9 indexovan\u00e9 dluhopisy. P\u0159esto\u017ee \u010d\u00e1st obchodov\u00e1n\u00ed s\u00a0dluhopisy prob\u00edh\u00e1 na ve\u0159ejn\u00fdch trz\u00edch, p\u0159ev\u00e1\u017en\u00e1 \u010d\u00e1st obchod\u016f se d\u011bje tak, \u017ee se sjedn\u00e1vaj\u00ed konkr\u00e9tn\u00ed podm\u00ednky na mimoburzovn\u00edm trhu. To s\u00a0sebou nese ur\u010ditou netransparentnost, uzav\u0159en\u00e9 kontrakty nejsou standardizovan\u00e9 a informace o nich nelze nijak vyhledat. Cena dluhopisu, za kterou jej lze prodat a koupit se m\u011bn\u00ed sou\u010dasn\u011b s\u00a0\u00farokovou sazbou. V\u00fdrazn\u011b ji ovliv\u0148uje \u00farokov\u00e9 riziko a likvidita. N\u00edzk\u00e1 likvidita zvy\u0161uje rozd\u00edl mezi n\u00e1kupn\u00ed a prodejn\u00ed cenou. Nap\u0159\u00edklad \u010desk\u00e9 st\u00e1tn\u00ed dluhopisy je v\u00fdhodn\u00e9 dr\u017eet do doby splatnosti, kdy riziko n\u00edzk\u00e9 likvidity nehroz\u00ed. 3\/5 - (2 votes)","datePublished":"2019-12-12","dateModified":"2019-12-12","author":{"@type":"Person","@id":"https:\/\/www.stasting.cz\/author\/#Person","name":"","url":"https:\/\/www.stasting.cz\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/64d58fab86512053c8bb518a6563e7284bb4a3422dc9af0106c3f39575364c7b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/64d58fab86512053c8bb518a6563e7284bb4a3422dc9af0106c3f39575364c7b?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"stasting.cz","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.stasting.cz\/wp-content\/uploads\/img_a364902_w4318_t1578130952.jpg","url":"https:\/\/www.stasting.cz\/wp-content\/uploads\/img_a364902_w4318_t1578130952.jpg","height":0,"width":0},"url":"https:\/\/www.stasting.cz\/dluhopisy\/","about":["Finance"],"wordCount":357,"articleBody":"Dluhopis je emisn\u00ed cenn\u00fd pap\u00edr, kter\u00fd umo\u017e\u0148uje subjektu, jen\u017e jej vyd\u00e1v\u00e1, zajistit zdroj financov\u00e1n\u00ed jin\u00fdm zp\u016fsobem ne\u017e si p\u016fj\u010dit nap\u0159\u00edklad v\u00a0bance. V\u011b\u0159itel tedy nen\u00ed jen jeden, v\u011b\u0159itelem je ka\u017ed\u00fd majitel dluhopisu. Ten m\u00e1 pr\u00e1vo na splacen\u00ed ur\u010dit\u00e9 dlu\u017en\u00e9 \u010d\u00e1stky a vyplacen\u00ed stanoven\u00fdch v\u00fdnos\u016f.Nej\u010dast\u011bji vyd\u00e1v\u00e1 dluhopisy st\u00e1t, kraj, obec nebo pr\u00e1vnick\u00e1 osoba, obchodn\u00ed korporace.\u00a0 Dluhopisy m\u016f\u017ee vyd\u00e1vat i jak\u00e1koli fyzick\u00e1 osoba. Podm\u00ednkou pro ve\u0159ejn\u00e9 nab\u00edzen\u00ed dluhopis\u016f v\u00a0\u010cesk\u00e9 republice je schv\u00e1len\u00ed projektu \u010ceskou n\u00e1rodn\u00ed bankou, v\u00fdjimku ud\u011bluje \u010cNB, nap\u0159\u00edklad pro emise dluhopis\u016f do 1 milionu eur. Jinak je mo\u017en\u00e9 nab\u00edzet dluhopisy pouze neve\u0159ejn\u011b.V\u00fdznam rozd\u011blen\u00ed dluhopis\u016f podle emitenta spo\u010d\u00edv\u00e1 v\u00a0ur\u010den\u00ed rizika podle jeho d\u016fv\u011bryhodnosti. Vedle pokladni\u010dn\u00edch pouk\u00e1zek, bankovn\u00edch a korpor\u00e1tn\u00edch dluhopis\u016f jsou komun\u00e1ln\u00ed a st\u00e1tn\u00ed dluhopisy s\u00a0nejni\u017e\u0161\u00ed m\u00edrou rizika, i proto jsou mezi investory velmi popul\u00e1rn\u00ed.Podle doby splatnosti d\u011bl\u00edme dluhopisy na kr\u00e1tkodob\u00e9, se splatnost\u00ed do 1 roku, st\u0159edn\u011bdob\u00e9 se splatnost\u00ed 1rok a\u017e 10 let a dlouhodob\u00e9, u nich\u017e je splatnost zpravidla del\u0161\u00ed ne\u017e 10 let.Podle zp\u016fsobu \u00faro\u010den\u00ed d\u011bl\u00edme dluhopisy na dluhopisy s\u00a0pevn\u00fdm, prom\u011bnliv\u00fdm nebo nulov\u00fdm z\u00faro\u010den\u00edm a takzvan\u00e9 indexovan\u00e9 dluhopisy.P\u0159esto\u017ee \u010d\u00e1st obchodov\u00e1n\u00ed s\u00a0dluhopisy prob\u00edh\u00e1 na ve\u0159ejn\u00fdch trz\u00edch, p\u0159ev\u00e1\u017en\u00e1 \u010d\u00e1st obchod\u016f se d\u011bje tak, \u017ee se sjedn\u00e1vaj\u00ed konkr\u00e9tn\u00ed podm\u00ednky na mimoburzovn\u00edm trhu. To s\u00a0sebou nese ur\u010ditou netransparentnost, uzav\u0159en\u00e9 kontrakty nejsou standardizovan\u00e9 a informace o nich nelze nijak vyhledat.Cena dluhopisu, za kterou jej lze prodat a koupit se m\u011bn\u00ed sou\u010dasn\u011b s\u00a0\u00farokovou sazbou. V\u00fdrazn\u011b ji ovliv\u0148uje \u00farokov\u00e9 riziko a likvidita. N\u00edzk\u00e1 likvidita zvy\u0161uje rozd\u00edl mezi n\u00e1kupn\u00ed a prodejn\u00ed cenou. Nap\u0159\u00edklad \u010desk\u00e9 st\u00e1tn\u00ed dluhopisy je v\u00fdhodn\u00e9 dr\u017eet do doby splatnosti, kdy riziko n\u00edzk\u00e9 likvidity nehroz\u00ed.                                                                                                                                                                                                                                                                                                                                                                                        3\/5 - (2 votes)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Dluhopisy","item":"https:\/\/www.stasting.cz\/dluhopisy\/#breadcrumbitem"}]}]