sabirJo saqmis safuZvlebi

ukanasknel wlebSi milanis safondo birJaze msxvili reformebi
ganaxorcieles: ucxour kompaniebs sakuTari aqciebis
kotirebis ufleba darTes, gaamkacres sistematuri angariSgebis
sistema da sxv.
birJaze vaWroba tradiciulad saoperacio darbazSi savaWro
adgilebze tardeba. aqciebis gayidvis garigebaTa umravlesoba
birJis gareTac xdeba. Tumca, am birJaze angariSsworebis
procesi, drois TvalsazrisiT, erT-erTi araefeqturia evropa-
Si. am saqmeSi, reputaciis mxriv, mas mxolod madridis safondo
birJa `uswrebs~.
tokios safondo birJa
(TSE _Tokyo Stock Exchange)
tokios safondo birJa pirvelobas niu-iorkis safondo
birJas ecileba, xolo zogierTi maCvenebliT uswrebs kidec.
igi 1878 wels daarsda. 1848 wels iaponiaSi miiRes kanoni `fasiani
qaRaldebis mimoqcevis Sesaxeb~, romelic birJis
saqmianobis ganmsazRvrelia.
XX s-is bolos birJaze 114 mudmivi wevri iyo, ucxouri
bankebisa da sabrokero firmebis filialebis CaTvliT. mudmivi
adgilobrivi wevrebi mxolod korporaciebia, romlebic
mTlianobaSi msxvili amerikuli firmebis msgavsia da klientebs
kompleqsur momsaxurebas sTavazoben. isini ewevian rogorc
sacalo, ise institucionalur sabrokero momsaxurebas.
aqciebiT vaWrobis saerTo moculobis 50-60%-s `didi oTxeulis~
iaponuri firmebi (Nomura Securities, Yamaichi Securities, Nikko
Securities da Daiwa Securities) akontroleben.
tokios safondo birJaze vaWroben samTavrobo obligaciebiT,
ofcionebiTa da fiuCersuli kontraqtebiT.
tokios safondo birJas mkacrad akontrolebs qveynis
finansTa ministri.
tokios safondo birJaze individualuri wevroba ar aris.
misi wevrebi SeiZleba iyos mxolod firmebi, romlebsac
finansTa ministris licenzia aqvs. maT ricxovnobas birJis
reglamenti gansazRvravs. birJaze moqmedebs ori tipis
wevroba: namdvili wevrebi da wevrebi `saitori~.
namdvili wevrebis ZiriTadi funqciebia:
TavianTi xarjiT fasiani qaRaldebis yidva da gayidva;
klientis davalebiTa da xarjiT fasiani qaRaldebis
yidva da gayidva;
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