{"id":51036,"date":"2026-07-08T09:58:14","date_gmt":"2026-07-08T09:58:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr-asia\/uncategorized\/%eb%af%b8%ea%b5%ad-%ec%9d%b4%eb%9e%80-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0%eb%a1%9c-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ec%83%81%ec%8a%b9%ec%9c%a0%ea%b0%80%eb%8a%94-%ec%95%88%eb%b3%b4\/"},"modified":"2026-07-08T09:58:14","modified_gmt":"2026-07-08T09:58:14","slug":"%eb%af%b8%ea%b5%ad-%ec%9d%b4%eb%9e%80-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0%eb%a1%9c-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ec%83%81%ec%8a%b9%ec%9c%a0%ea%b0%80%eb%8a%94-%ec%95%88%eb%b3%b4","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8%ea%b5%ad-%ec%9d%b4%eb%9e%80-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0%eb%a1%9c-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ec%83%81%ec%8a%b9%ec%9c%a0%ea%b0%80%eb%8a%94-%ec%95%88%eb%b3%b4\/","title":{"rendered":"\ubbf8\uad6d-\uc774\ub780 \uae34\uc7a5 \uace0\uc870\ub85c \uad6d\ucc44 \uae08\ub9ac \uc0c1\uc2b9\u2026\uc720\uac00\ub294 \uc548\ubcf4 \ud504\ub9ac\ubbf8\uc5c4 \uc720\uc9c0, OCBC \u201c\ube0c\ub80c\ud2b8 \uc0c1\uc2b9 \ud750\ub984\u201d \ub099\uad00 \uc720\uc9c0"},"content":{"rendered":"

\uc720\uac00\uc758 \ubc24\uc0ac\uc774 \uc0c1\uc2b9\uacfc \uae30\uc220\uc8fc \uc8fc\ub3c4\uc758 \uc8fc\uc2dd\uc2dc\uc7a5 \uc57d\uc138\uac00 \ub9de\ubb3c\ub9ac\uba70 \ubbf8 \ub2ec\ub7ec\ud654\uac00 \uac15\uc138\ub97c \ubcf4\uc600\uace0 \uae00\ub85c\ubc8c \uad6d\ucc44 \uae08\ub9ac\ub294 \uc0c1\uc2b9\ud55c \ubc18\uba74 \uae08 \uac00\uaca9\uc740 \ud558\ub77d\ud588\ub2e4. \uc774\ubc88 \uc6c0\uc9c1\uc784\uc740 \uc6cc\uc2f1\ud134\uc774 \uc774\ub780\uc0b0 \uc6d0\uc720 \ud310\ub9e4\uc5d0 \ub300\ud55c \uba74\uc81c(waiver)\ub97c \ucca0\ud68c\ud55c \ub370 \ub530\ub978 \ubbf8\u00b7\uc774\ub780 \uae34\uc7a5 \uace0\uc870 \uc6b0\ub824\uac00 \uc7ac\ubd80\uac01\ub41c \uc774\ud6c4 \ub098\ud0c0\ub0ac\ub2e4. \uc774\ub294 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc5d0\uc11c \uc120\ubc15 3\ucc99\uc774 \uacf5\uaca9\ubc1b\uc740 \uc0ac\uac74 \uc774\ud6c4 \ucde8\ud574\uc9c4 \uc870\uce58\ub2e4. \uc774\ub7ec\ud55c \ubc30\uacbd\uc740 \uc6d0\uc720\uc5d0 \u2018\uc548\ubcf4 \ud504\ub9ac\ubbf8\uc5c4(security premium)\u2019\uc744 \uc720\uc9c0\uc2dc\ud0a4\uba70 \uc778\ud50c\ub808\uc774\uc158 \ubc0f \uad50\uc5ed\uc870\uac74(terms-of-trade) \ub9ac\uc2a4\ud06c\ub97c \uc9c0\uc18d\uc2dc\ud0a4\uace0 \uc788\ub2e4.<\/p>\n

OCBC\ub294 \ube0c\ub80c\ud2b8\uc720 \uc804\ub9dd\uc744 \uc720\uc9c0\ud558\uba70 2026\ub144 \ub9d0 \ubc30\ub7f4\ub2f9 75\ub2ec\ub7ec, 2027\ub144 \uc911\ubc18 \ubc30\ub7f4\ub2f9 71\ub2ec\ub7ec\ub97c \uc81c\uc2dc\ud588\ub2e4. \uc740\ud589\uc740 \ud558\ubc29 \uc804\uac1c\uac00 \uc810\uc9c4\uc801\uc73c\ub85c \ub098\ud0c0\ub0a0 \uac00\ub2a5\uc131\uc774 \ub192\uace0 2026\ub144 2\ubd84\uae30\uc5d0 \ubaa9\uaca9\ub410\ub358 \uae09\uaca9\ud55c \uc870\uc815\uc774 \uc7ac\ud604\ub418\uae30\ubcf4\ub2e4\ub294, \uacf5\uae09 \ucc28\uc9c8(disruption) \ub9ac\uc2a4\ud06c\uac00 \ud558\ub77d \uc18d\ub3c4\ub97c \ub2a6\ucd9c \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \ubcc4\ub3c4\uc758 \ubd88\ud655\uc2e4\uc131\uc73c\ub85c\ub294 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc744 \uc644\uc804\ud788 \uc548\uc804\ud558\uac8c \ud655\ubcf4\ud560 \uba85\ud655\ud55c \ud574\ubc95 \ubd80\uc7ac, \ud560\uc778\ub41c \uc0ac\uc6b0\ub514 \uc6d0\uc720 \ub9e4\uc785 \ubcf4\ub3c4 \uc774\ud6c4 \uc911\uad6d\uc758 \ucd94\uac00 \uc218\uc785 \ud655\ub300 \uc5ec\ubd80\uac00 \uac70\ub860\ub41c\ub2e4. \ub610\ud55c 11\uc6d4 \uc911\uac04\uc120\uac70\ub97c \uc55e\ub454 \ubbf8\uad6d \ub0b4 \uc815\uce58\uc801 \uace0\ub824\uac00 \uae34\uc7a5 \uaca9\ud654\ub97c \uc644\ud654\ud560 \uac00\ub2a5\uc131\ub3c4 \uc81c\uae30\ub41c\ub2e4.<\/p>\n—\n

\uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc5d0 \uc9c0\uc9c0\ubc1b\ub294 \uc810\uc9c4\uc801 \uc720\uac00 \ud558\ub77d<\/h3>\n

\uc720\uac00\ub294 \uc810\uc9c4\uc801\uc73c\ub85c \ud558\ub77d\ud558\uaca0\uc9c0\ub9cc, \uc911\ub3d9 \uae34\uc7a5\uc774 \ud5a5\ud6c4 \uc218\uc8fc \ub0b4 \uae09\ub77d\uc744 \ub9c9\uc744 \uac83\uc73c\ub85c \ubcf8\ub2e4. \uac00\uaca9\uc744 \ub5a0\ubc1b\uce58\ub294 \ud575\uc2ec \ub9ac\uc2a4\ud06c\ub294 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc744 \ub458\ub7ec\uc2fc \ucda9\ub3cc\ub85c, \uc774\ub294 \uc548\ubcf4 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud615\uc131\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ube0c\ub80c\ud2b8\uc720\uac00 \uc5f0\ub9d0 \ubaa9\ud45c\uce58\uc778 \ubc30\ub7f4\ub2f9 75\ub2ec\ub7ec\ub97c \ud5a5\ud574 \ub0b4\ub824\uac00\ub294 \uacbd\ub85c\ub294 \uc644\ub9cc\ud558\uace0 \ubcc0\ub3d9\uc131\uc774 \ud074 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n—\n

\uc635\uc158 \uc804\ub7b5\uacfc \uacfc\uac70 \uc0ac\ub840<\/h3>\n

\uc774 \uac19\uc740 \uad00\uc810\uc5d0\uc11c 3\ubd84\uae30 \ud6c4\ubc18~4\ubd84\uae30 \ub9cc\uae30\uc758 \ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c\uc5d0 \ub300\ud574 \uc678\uac00\uaca9(out-of-the-money) \ucf5c\uc635\uc158\uc744 \ub9e4\ub3c4\ud558\ub294 \uc804\ub7b5\uc774 \ud0c0\ub2f9\ud574 \ubcf4\uc778\ub2e4. \uc774\ub294 \uc2dc\uac04\uac00\uce58 \uac10\uc18c(time decay)\uc640 \uac00\uaca9\uc774 \ud06c\uac8c \uae09\ub4f1\ud558\uc9c0 \uc54a\uc744 \uac83\uc774\ub77c\ub294 \uae30\ub300\uc5d0\uc11c \uc218\uc775\uc744 \ucd94\uad6c\ud55c\ub2e4. \ucf5c \ub9e4\ub3c4\uc640 \ub354 \uc678\uac00\uaca9 \ucf5c \ub9e4\uc218\ub97c \uacb0\ud569\ud558\ub294 \ubca0\uc5b4 \ucf5c \uc2a4\ud504\ub808\ub4dc(bear call spread)\ub294 \uc608\uc0c1\uce58 \ubabb\ud55c \uae09\ub4f1\uc5d0 \ub530\ub978 \ub9ac\uc2a4\ud06c\ub97c \uc81c\ud55c\ud558\ub294 \uc2e0\uc911\ud55c \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\ucd5c\uadfc \ub370\uc774\ud130\ub3c4 \uc774\ub7ec\ud55c \uc2e0\uc911\ud55c \uc2dc\uac01\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. \ubbf8 \uc5d0\ub108\uc9c0\uc815\ubcf4\uccad(EIA) \ucd5c\uc2e0 \ubcf4\uace0\uc11c\uc5d0\uc11c \uc6d0\uc720 \uc7ac\uace0\uac00 180\ub9cc \ubc30\ub7f4 \uc99d\uac00\ud558\uba70 \uc2dc\uc7a5\uc758 \uc608\uc0c1\uc744 \uc6c3\ub3c4\ub294 \u2018\uc11c\ud504\ub77c\uc774\uc988 \ube4c\ub4dc\u2019\uac00 \ub098\ud0c0\ub098 \uc218\uc694\uac00 \ub454\ud654\ud558\uace0 \uc788\uc744 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4. \ub2e4\ub9cc \ud0f1\ucee4 \ucd94\uc801 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc744 \ud1b5\uacfc\ud558\ub294 \ud574\uc0c1 \ubb3c\ub3d9\ub7c9\uc740 \uc804\uc6d4 \ub300\ube44 5% \uac10\uc18c\ud574 \uacf5\uae09 \uc6b0\ub824\ub97c \uc720\uc9c0\uc2dc\ud0a4\uba70, \ud604\uc7ac\ub85c\uc11c\ub294 \uc720\uac00\uac00 80\ub2ec\ub7ec \uc0c1\ub2e8\uc5d0\uc11c \uc9c0\uc9c0\ub97c \ubc1b\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uc9c0\uc815\ud559\uc801 \uc0c1\ud669\uc774 \uac11\uc791\uc2a4\ub7fd\uac8c \uc644\ud654\ub418\uba70 \uc608\uc0c1\ubcf4\ub2e4 \ube60\ub978 \uac00\uaca9 \ud558\ub77d\uc774 \uc804\uac1c\ub420 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574 \ub9cc\uae30\uac00 \uae34 \ud48b\uc635\uc158\uc744 \ub9e4\uc218\ud558\ub294 \ud5e4\uc9c0 \ubc29\uc548\ub3c4 \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc774\ub294 \uc774\ub780\uc5d0 \ub300\ud55c \uacbd\uc81c\uc801 \uc555\ubc15\uc774 \uc608\uc0c1\ubcf4\ub2e4 \ud6a8\uacfc\ub97c \ubc1c\ud718\ud560 \uacbd\uc6b0 \uc804\uccb4 \ud3ec\uc9c0\uc158\uc744 \ubc29\uc5b4\ud558\ub294 \uc5ed\ud560\uc744 \ud55c\ub2e4. \ub2e4\uc2dc \ub9d0\ud574 \ucf5c \ub9e4\ub3c4\ub85c \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud655\ubcf4\ud558\ub294 \ub3d9\uc548, \uae09\ub77d \ub9ac\uc2a4\ud06c\uc5d0 \ub300\ud55c \uc548\uc804\ud310\uc744 \uc81c\uacf5\ud55c\ub2e4.<\/p>\n

\uc5ed\uc0ac\uc801\uc73c\ub85c\ub3c4 \uc9c0\uc815\ud559\uc801 \uae09\ub4f1\uc740 \ub2e8\uae30\uc5d0 \uadf8\uce5c \uc0ac\ub840\uac00 \ub9ce\uc558\ub2e4. \uc608\ucee8\ub300 2019\ub144 9\uc6d4 \uc0ac\uc6b0\ub514\uc544\ub77c\ube44\uc544 \uc11d\uc720 \uc2dc\uc124 \ud53c\uc2b5 \uc774\ud6c4 \ube0c\ub80c\ud2b8\uc720\ub294 \ud558\ub8e8 \ub9cc\uc5d0 \uc57d 15% \uae09\ub4f1\ud588\uc9c0\ub9cc, 2\uc8fc \ub0b4 \uc0c1\uc2b9\ubd84\uc744 \ubaa8\ub450 \ubc18\ub0a9\ud588\ub2e4. \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 \uad6d\uc9c0\uc801 \ucda9\ub3cc\ub85c \ub7a0\ub9ac\uac00 \ubc1c\uc0dd\ud55c\ub2e4\uba74, \uac15\uc138 \uad6c\uac04\uc5d0\uc11c \ub9e4\ub3c4(\u2018sell into strength\u2019)\ud560 \uc218 \uc788\ub294 \uae30\ud68c\uac00 \ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n\n\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 \u2014 VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u201c\ud638\ub974\ubb34\uc988 \ubcc0\uc218\u201d\uc5d0 \ub2ec\ub7ec \uac15\uc138\u00b7\uae08 \uc57d\uc138\u2026\uc720\uac00\ub294 \uae09\ub77d \ub300\uc2e0 \uc644\ub9cc \ud558\ub77d \uc804\ub9dd. \uc911\ub3d9 \uae34\uc7a5 \u2018\uc548\ubcf4 \ud504\ub9ac\ubbf8\uc5c4\u2019 \uc9c0\uc18d, OCBC \ube0c\ub80c\ud2b8 2026\ub144\ub9d0 75\ub2ec\ub7ec. \uc635\uc158\uc740 OTM \ucf5c \ub9e4\ub3c4\u00b7\ubca0\uc5b4\ucf5c\uc2a4\ud504\ub808\ub4dc \uc720\ud6a8.<\/p>\n","protected":false},"author":87,"featured_media":50132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51036","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/51036","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=51036"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/51036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/50132"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=51036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=51036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=51036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}