{"id":43497,"date":"2026-03-27T11:42:22","date_gmt":"2026-03-27T11:42:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%a7%a4%eb%8f%84%ec%84%b8-%ea%b5%ad%eb%a9%b4%ec%97%90%ec%84%9c%eb%8a%94-%ea%b8%b0%ec%97%85%eb%93%a4%ec%9d%b4-%eb%8f%99%eb%b0%98-%ed%95%98%eb%9d%bd%ed%95%98%ec%a7%80%eb%a7%8c-%ec%9a%b0%eb%9f%89\/"},"modified":"2026-03-27T11:42:22","modified_gmt":"2026-03-27T11:42:22","slug":"%eb%a7%a4%eb%8f%84%ec%84%b8-%ea%b5%ad%eb%a9%b4%ec%97%90%ec%84%9c%eb%8a%94-%ea%b8%b0%ec%97%85%eb%93%a4%ec%9d%b4-%eb%8f%99%eb%b0%98-%ed%95%98%eb%9d%bd%ed%95%98%ec%a7%80%eb%a7%8c-%ec%9a%b0%eb%9f%89","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%a7%a4%eb%8f%84%ec%84%b8-%ea%b5%ad%eb%a9%b4%ec%97%90%ec%84%9c%eb%8a%94-%ea%b8%b0%ec%97%85%eb%93%a4%ec%9d%b4-%eb%8f%99%eb%b0%98-%ed%95%98%eb%9d%bd%ed%95%98%ec%a7%80%eb%a7%8c-%ec%9a%b0%eb%9f%89\/","title":{"rendered":"\ub9e4\ub3c4\uc138 \uad6d\uba74\uc5d0\uc11c\ub294 \uae30\uc5c5\ub4e4\uc774 \ub3d9\ubc18 \ud558\ub77d\ud558\uc9c0\ub9cc, \uc6b0\ub7c9\uc8fc\ub294 \ub2e8\uc21c\ud55c \uc8fc\uac00 \uc57d\uc138\uac00 \uc544\ub2cc \ud380\ub354\uba58\ud138\ub85c \ucc28\ubcc4\ud654\ub41c\ub2e4"},"content":{"rendered":"\uc2dc\uc7a5 \uae09\ub77d \uad6d\uba74\uc5d0\uc11c\ub294 \ub300\ubd80\ubd84 \uc885\ubaa9 \uac00\uaca9\uc774 \ud568\uaed8 \ub5a8\uc5b4\uc9c0\uae30 \ub54c\ubb38\uc5d0, \uc2a4\ud06c\ub9ac\ub2dd(\uc870\uac74 \uac80\uc0c9)\uc73c\ub85c \u201c\uac00\uaca9\uc774 \uc57d\ud55c \uc885\ubaa9\u201d\uacfc \u201c\uc0ac\uc5c5 \uc790\uccb4\uac00 \uc57d\ud55c \uae30\uc5c5\u201d\uc744 \uad6c\ubd84\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \ubaa9\ud45c\ub294 \uacbd\uae30 \ubcc0\ub3d9\uc5d0\ub3c4 \uc131\uc7a5\uc774 \uac00\ub2a5\ud558\uace0, \uc218\uc775\uc131(\ub9c8\uc9c4)\uc744 \uc9c0\ud0a4\uba70, \ud604\uae08\ud750\ub984\uc744 \ub9cc\ub4e4\uace0, \ubb34\ub9ac \uc5c6\uc774 \uc6b4\uc601\uc790\uae08\uc744 \uc870\ub2ec\ud560 \uc218 \uc788\ub294 \uae30\uc5c5\uc744 \ucc3e\ub294 \uac83\uc774\ub2e4.\n\n\uc774\ubc88 \uc2a4\ud06c\ub9b0\uc740 \uaddc\ubaa8\uac00 \ud06c\uace0 \uac70\ub798\uac00 \ud65c\ubc1c\ud55c \uc885\ubaa9\uc744 \ub300\uc0c1\uc73c\ub85c \ud588\ub2e4. \ubbf8\uad6d \uc0c1\uc7a5\uc0ac\ub294 \uc2dc\uac00\ucd1d\uc561 250\uc5b5\ub2ec\ub7ec \uc774\uc0c1, \uc11c\uc720\ub7fd\u00b7\uc544\uc2dc\uc544\u00b7\uce90\ub098\ub2e4 \uae30\uc5c5\uc740 100\uc5b5\ub2ec\ub7ec \uc774\uc0c1\uc744 \uace8\ub790\ub2e4. \uc774\ud6c4 52\uc8fc \ucd5c\uace0\uac00 \ub300\ube44 \ud558\ub77d \ud3ed\uc774 20% \ubbf8\ub9cc\uc778 \uc885\ubaa9\uacfc, \ucd5c\uadfc 5\ub144 \ub9e4\ucd9c \uc5f0\ud3c9\uade0\uc131\uc7a5\ub960(CAGR: \ub9e4\ub144 \ud3c9\uade0 \uc5bc\ub9c8\ub098 \uc131\uc7a5\ud588\ub294\uc9c0 \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)\uc774 10%\ub97c \ub118\ub294 \uc885\ubaa9\ub9cc \ub0a8\uacbc\ub2e4.\n\n

Quality And Balance Sheet Filters<\/h3>\n\uc601\uc5c5\uc774\uc775\ub960(\ub9e4\ucd9c\uc5d0\uc11c \uc601\uc5c5\ube44\uc6a9\uc744 \ube80 \ub4a4 \ub0a8\ub294 \ube44\uc728) 20% \ucd08\uacfc, \ud22c\uc790\uc790\ubcf8\uc218\uc775\ub960(ROIC: \uc0ac\uc5c5\uc5d0 \ud22c\uc785\ud55c \uc790\ubcf8\uc73c\ub85c \uc5bc\ub9c8\ub098 \uc774\uc775\uc744 \ub0c8\ub294\uc9c0) 10% \ucd08\uacfc, \ubcf4\ud1b5\uc8fc\uc790\uae30\uc790\ubcf8\uc774\uc775\ub960(ROE: \uc8fc\uc8fc\uc790\ubcf8\uc73c\ub85c \uc5bc\ub9c8\ub098 \uc774\uc775\uc744 \ub0c8\ub294\uc9c0) 15% \ucd08\uacfc\ub97c \uc694\uad6c\ud588\ub2e4. \ub610 \uc789\uc5ec\ud604\uae08\ud750\ub984\uc218\uc775\ub960(FCF yield: \uc789\uc5ec\ud604\uae08\ud750\ub984\uc744 \uc2dc\uac00\ucd1d\uc561\uc73c\ub85c \ub098\ub208 \uac12) \uae30\uc900\uc744 \ubbf8\uad6d\uc740 2% \ucd08\uacfc, \ube44\ubbf8\uad6d\uc740 4% \ucd08\uacfc\ub85c \ub480\uace0, \uc21c\ubd80\ucc44\/EBITDA(\ud604\uae08\ucc3d\ucd9c\ub825 \ub300\ube44 \uc21c\ubd80\ucc44 \ubd80\ub2f4\uc744 \ubcf4\ub294 \uc9c0\ud45c)\ub294 2 \ubbf8\ub9cc\uc73c\ub85c \uc81c\ud55c\ud588\ub2e4.\n\n\ubc38\ub958\uc5d0\uc774\uc158(\uc8fc\uac00 \uc218\uc900) \uc810\uac80\uc73c\ub85c\ub294 12\uac1c\uc6d4 \uc120\ud589 \uc8fc\uac00\uc218\uc775\ube44\uc728(P\/E: \uc608\uc0c1 \uc774\uc775 \ub300\ube44 \uc8fc\uac00\uac00 \ube44\uc2fc\uc9c0 \ubcf4\ub294 \uc9c0\ud45c) 25 \ubbf8\ub9cc, 12\uac1c\uc6d4 \uc120\ud589 PEG(\uc131\uc7a5\ub960\uc744 \uac10\uc548\ud55c P\/E\ub85c, \uac12\uc774 \ub0ae\uc744\uc218\ub85d \uc131\uc7a5 \ub300\ube44 \uac00\uaca9\uc774 \ubd80\ub2f4\uc774 \ub35c\ud558\ub2e4\ub294 \ub73b) 1.5 \ubbf8\ub9cc\uc744 \uc801\uc6a9\ud588\ub2e4. \ubbf8\uad6d \uc2a4\ud06c\ub9b0 \uacb0\uacfc\ub294 8\uac1c \uc885\ubaa9\uc73c\ub85c \uc881\ud600\uc84c\ub2e4: \uc5d4\ube44\ub514\uc544, \ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8, \uba54\ud0c0 \ud50c\ub7ab\ud3fc\uc2a4, \ub9c8\uc774\ud06c\ub860 \ud14c\ud06c\ub180\ub85c\uc9c0, \uc571\ub7ec\ube48, \ub274\ubaac\ud2b8, \uc5b4\ub3c4\ube44, \uc624\ud1a0\ub370\uc2a4\ud06c.\n\n\ube44\ubbf8\uad6d \uc2a4\ud06c\ub9b0 \uacb0\uacfc\ub294 10\uac1c \uc885\ubaa9\uc774\uc5c8\ub2e4: \ub178\ubcf4 \ub178\ub514\uc2a4\ud06c, \ucbd4\uc9c4\ub9c8\uc774\ub2dd\uadf8\ub8f9, \ubc30\ub9ad \ub9c8\uc774\ub2dd, \ud31d\ub9c8\ud2b8 \uc778\ud130\ub0b4\uc154\ub110, \uc775\uc2a4\ud53c\ub9ac\uc5b8, \ud0a8\ub85c\uc2a4 \uace8\ub4dc, \ud32c \uc544\uba54\ub9ac\uce78 \uc2e4\ubc84, \uc5d0\ubcfc\ub8e8\uc158 \ub9c8\uc774\ub2dd, \uc820\ub9d9, \uc5d4\ub370\ubc84 \ub9c8\uc774\ub2dd. \uc774 \uacb0\uacfc\ub294 \ucd94\uac00 \uc870\uc0ac\ub97c \uc704\ud55c \ud6c4\ubcf4\uad70\uc774\uc9c0, \ub9e4\ub9e4 \uacb0\uc815\uc744 \uc790\ub3d9\uc73c\ub85c \ub0b4\ub824\uc8fc\ub294 \ub3c4\uad6c\ub294 \uc544\ub2c8\ub2e4.\n\n\ucd5c\uadfc \uc2dc\uc7a5\uc774 1\uc6d4 \uace0\uc810 \ub300\ube44 15% \uc870\uc815\ubc1b\uc73c\uba74\uc11c CBOE \ubcc0\ub3d9\uc131\uc9c0\uc218(VIX: S&P500 \uc635\uc158 \uac00\uaca9\uc73c\ub85c \uacc4\uc0b0\ud55c \u2018\uacf5\ud3ec\uc9c0\uc218\u2019)\uac00 28\uc744 \ub118\uc5b4\uc130\uace0, \ud5a5\ud6c4 \uc218\uc8fc\uac04 \ubd88\uc548 \uc2ec\ub9ac\uac00 \ucee4\uc84c\ub2e4. \uc774\ub7f0 \ub54c\uc77c\uc218\ub85d \ud558\ub77d \uc885\ubaa9\uc744 \ubaa8\ub450 \uac19\uc740 \ub208\uc73c\ub85c \ubcf4\uba74 \uc548 \ub41c\ub2e4. \uac00\uaca9\ub9cc \uc77c\uc2dc\uc801\uc73c\ub85c \uc57d\ud574\uc9c4 \uc6b0\ub7c9 \uae30\uc5c5\uacfc, \uc0ac\uc5c5 \uae30\ubc18\uc774 \uc57d\ud55c \uae30\uc5c5\uc744 \uac00\ub824\ub0b4\uba74 \uae30\ud68c\uac00 \uc0dd\uae34\ub2e4.\n\n

Using Volatility To Express Views<\/h3>\n\uc5d4\ube44\ub514\uc544\uc640 \ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8 \uac19\uc740 \uae30\uc5c5\uc740 \uc2dc\uc7a5\uacfc \ud568\uaed8 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c\uc758 \ubcc0\ub3d9\uc131 \uc608\uc0c1\uce58\u2019)\uc774 \ub192\uc544\uc9c0\uace0 \uc788\uc5b4, \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9) \ub9e4\ub3c4\uac00 \uc0c1\ub300\uc801\uc73c\ub85c \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub2e4. \uc774\ub4e4 \uae30\uc5c5\uc740 2025\ub144 \uc870\uc815 \uad6d\uba74\uc5d0\uc11c\ub3c4 \uc601\uc5c5\uc774\uc775\ub960 20% \uc774\uc0c1\uc744 \uc720\uc9c0\ud55c \ubc14 \uc788\uc5b4, \ud604\uc7ac\ub3c4 \uc218\uc775 \ubc29\uc5b4\ub825\uc5d0 \ub300\ud55c \uc2e0\ub8b0\ub97c \uc900\ub2e4. \ud604\uae08\ub2f4\ubcf4 \ud48b \ub9e4\ub3c4(cash-secured put: \uc8fc\uc2dd\uc744 \uc0b4 \ud604\uae08\uc744 \ud655\ubcf4\ud574 \ub454 \uc0c1\ud0dc\uc5d0\uc11c \ud48b\uc635\uc158\uc744 \ud314\uc544 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \uc804\ub7b5)\ub294 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud655\ubcf4\ud558\uac70\ub098, \uc2dc\uc7a5\uc774 \ub354 \ud558\ub77d\ud560 \uacbd\uc6b0 \ub354 \ub0ae\uc740 \uac00\uaca9\uc5d0 \uc6b0\ub7c9\uc8fc\ub97c \ub9e4\uc218\ud558\uac8c \ub418\ub294 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n\uc911\uc694\ud55c \uac83\uc740 \uc2dc\uc7a5\uc758 \u2018\ubc14\ub2e5\u2019\uc744 \ub9de\ud788\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uc0c1\ub300\uc801 \uac15\ub3c4(\ub2e4\ub978 \uc885\ubaa9\u00b7\uc9c0\uc218 \ub300\ube44 \ub35c \ube60\uc9c0\uac70\ub098 \ub354 \uac15\ud55c \ud750\ub984)\uc5d0 \uc9d1\uc911\ud558\ub294 \uac83\uc774\ub2e4. 2022\ub144 \ud070 \ud558\ub77d\uc7a5\uc5d0\uc11c \uc790\ubcf8\uc218\uc775\ub960\uc774 \ub192\uace0 \ubd80\ucc44\uac00 \uc801\uc740 \uae30\uc5c5\uc740 \ub098\uc2a4\ub2e5100 \uc9c0\uc218 \ub300\ube44 \ud558\ub77d \ud3ed\uc774 \uc791\uc558\ub2e4. \uc774\ub294 \uc635\uc158\uc744 \ud65c\uc6a9\ud574 \uc6b0\ub7c9\uc8fc\uac00 \uc57d\ud55c \ub3d9\uc885\uc5c5\uccb4\ub098 \uc9c0\uc218\ubcf4\ub2e4 \uc798 \ubc84\ud2f8 \uac83\uc5d0 \ubca0\ud305\ud558\ub294 \uc811\uadfc\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\n\n\ube44\ubbf8\uad6d \ub9ac\uc2a4\ud2b8\ub294 \ub178\ubcf4 \ub178\ub514\uc2a4\ud06c, \ubc30\ub9ad \uace8\ub4dc\ucc98\ub7fc \uc131\uaca9\uc774 \ub2e4\ub978 \u2018\uc9c8(\ud004\ub9ac\ud2f0)\u2019\uc744 \ubcf4\uc5ec\uc900\ub2e4. 2026\ub144 2\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc740 3.8%\ub85c \ub098\uc624\uba74\uc11c, \uac00\uaca9 \uacb0\uc815\ub825(\uc6d0\uac00 \uc0c1\uc2b9\uc744 \uac00\uaca9\uc5d0 \uc804\uac00\ud560 \ud798)\uc774 \uc788\ub294 \uae30\uc5c5\uc774\ub098 \uc2e4\ubb3c\uc790\uc0b0(\uae08 \ub4f1 \uc6d0\uc790\uc7ac) \ub178\ucd9c\uc774 \uc788\ub294 \uae30\uc5c5\uc744 \ubcf4\uc720\ud574\uc57c \ud55c\ub2e4\ub294 \ub17c\ub9ac\uac00 \ub2e4\uc2dc \ud798\uc744 \uc5bb\uace0 \uc788\ub2e4. \uae08\uad11\uc5c5\uccb4 \ucf5c\uc635\uc158(\uc0b4 \uad8c\ub9ac)\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc6b0\ub824\uac00 \ub9e4\ub3c4\uc138\ub97c \ub354 \ud0a4\uc6b8 \uacbd\uc6b0 \ud6a8\uacfc\uc801\uc778 \ud5e4\uc9c0(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4) \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n\uc21c\ubd80\ucc44\/EBITDA\ub97c 2 \ubbf8\ub9cc\uc73c\ub85c \ub454 \uc7ac\ubb34\uad6c\uc870(\ub300\ucc28\ub300\uc870\ud45c) \ud544\ud130\ub3c4 \ud2b9\ud788 \uc911\uc694\ud558\ub2e4. \uc911\uc559\uc740\ud589\uc758 \uae34\ucd95\uc73c\ub85c \uc2e0\uc6a9 \ud658\uacbd\uc774 \ube61\ube61\ud574\uc9c0\uba74, \ub808\ubc84\ub9ac\uc9c0(\ucc28\uc785) \ube44\uc911\uc774 \ud070 \uae30\uc5c5\uc740 \uc790\uae08\uc870\ub2ec \uc2a4\ud2b8\ub808\uc2a4(\ub3c8\uc744 \ube4c\ub9ac\uae30 \uc5b4\ub835\uac70\ub098 \ube44\uc6a9\uc774 \uae09\ub4f1\ud558\ub294 \uc704\ud5d8)\uac00 \ud6e8\uc52c \ucee4\uc9c4\ub2e4. \uc774\ub7f0 \uae30\uc5c5\uc740 \ub9e4\uc218(\ub871) \ub300\uc0c1\uc73c\ub85c \ubd80\uc801\uc808\ud558\uace0, \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158 \uc804\ub7b5\uc5d0 \ub354 \uc801\ud569\ud55c \ud45c\uc801\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n\uc6b0\ub7c9\uc8fc\ub77c\ub3c4 \ubc38\ub958\uc5d0\uc774\uc158 \uaddc\uc728\uc740 \ud544\uc218\uc774\ubbc0\ub85c, 12\uac1c\uc6d4 \uc120\ud589 P\/E \uc870\uac74\uc774 \uc911\uc694\ud558\ub2e4. \uace0\uc810 \ub300\ube44 \uc8fc\uac00\uac00 \ucda9\ubd84\ud788 \ub0b4\ub824\uc640 \ubc38\ub958\uc5d0\uc774\uc158 \ubd80\ub2f4\uc774 \uc904\uc5b4\ub4e0 \uc6b0\ub7c9\uc8fc\uc5d0 \ud48b\uc744 \ud30c\ub294 \uac83\uc740 \uc704\ud5d8\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc740 \ud3b8\uc774\ub2e4. \uac00\uc7a5 \ub9ce\uc774 \ube60\uc9c4 \uc885\ubaa9\uc744 \ucc3e\ub294 \uac83\uc774 \uc544\ub2c8\ub77c, \uc0ac\uc5c5\uc774 \uac15\ud55c \uae30\uc5c5\uc774 \ud569\ub9ac\uc801\uc778 \uac00\uaca9\ub300\ub85c \ub0b4\ub824\uc628 \uad6c\uac04\uc744 \ub178\ub9ac\ub294 \uac83\uc774\ub2e4.\n

\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 – VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

\uae09\ub77d\uc7a5, \u2018\uc57d\ud55c \uc8fc\uac00\u2019\uc640 \u2018\uc57d\ud55c \uc0ac\uc5c5\u2019\uc744 \uac08\ub77c\ub77c. \ub300\ud615\uc8fc \ub300\uc0c1 \uc131\uc7a5\u00b7\ub9c8\uc9c4\u00b7\ud604\uae08\ud750\ub984\u00b7\uc800\ubd80\ucc44\u00b7\ud569\ub9ac\uc801 \ubc38\ub958 \uc2a4\ud06c\ub9b0\uc73c\ub85c 18\uac1c \ud6c4\ubcf4 \ucd94\ub824, \ubcc0\ub3d9\uc131 \ud65c\uc6a9\ud55c \ud48b\ub9e4\ub3c4\u00b7\ud5e4\uc9c0 \uc804\ub7b5 \uc81c\uc2dc.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-43497","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/43497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=43497"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/43497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=43497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=43497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=43497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}