Thuật ngữ ifrs: transaction cost là gì, nhtm giảm chi phí giao dịch ra sao

     
Definition: Impact cost is the cost that a buyer or seller of stocks incurs while executing a transaction due khổng lồ the prevailing liquidity condition on the counter. In other words, it represents the cost of executing a transaction of a given security, with a specific predefined order form size, at any given point in time.

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Description: It is a realistic measure of liquidity of the stoông xã or security and is deemed to be closer to lớn the true cost of execution faced by a trader in comparison to lớn the bid-ask spread (difference between the best buy và the best sell orders). It is the percentage markup observed while buying or selling a desired quantity of shares with reference khổng lồ its igiảm giá khuyến mãi price.The ikhuyễn mãi giảm giá price can be illustrated by an example.Suppose a buyer wants to purchase 3,000 shares of, say, ABC. If the best buy order for 1,000 shares is placed at Rs 237 and the best sell order for 1,500 shares is placed at Rs 239, the igiảm giá price for the deal should be:(239+237)/2 = Rs 238At this price, one can expect the buyer to lớn ideally get the desired quantity of ABC shares.
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But suppose that the buyer was able to buy 3,000 ABC shares at an average cost of Rs 239.67 (see the above table) Average cost: <(1500x 239) + (1000 x 240) + (500 x 241)>/3000 Or (3,58,500+ 2,40,000+ 1,đôi mươi,500)/3000 = 239.83The impact cost, therefore, would be 0.70 per cent.

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To find the impact cost, the formula is:(Actual cost - igiảm giá khuyến mãi cost)/igiảm giá khuyến mãi cost*100 (#)In our example, the igiảm giá price is Rs 238, but the average acquisition price for that buyer is Rs 239.67.By formula (#), the impact cost should thus be: (239.67 - 238)/239.67*100 = 0.70This is a cost that the buyers incur due khổng lồ lack of market liquidity. The importance of impact cost can be judged from the fact that it is one of the criteria to select a stochồng for inclusion in the NSE’s benchmark index Nifty50.For a stoông chồng to lớn qualify for possible inclusion inlớn Nifty50, it has khổng lồ have traded at an average impact cost of 0.50 per cent or less during the last six months for 90 per cent of the observations for a basket kích cỡ of Rs 2 crore.It must be note that impact cost does vary for different transaction sizes. It is dynamic in nature và depends on the outstanding orders. Lastly, a penal impact cost is applicable if a stoông chồng is not sufficiently liquid.
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