撩樵隅荈踢薹ㄛ荈踢薹翋猁樵衾蝠眢塗腔湮苤ㄛ湮跁蝠眢褫籵徹迵痐鼠侗枒歎遜歎屾葆荈踢﹝臟埮痐蝠眢垀輪爛懂腔荈踢薹岆ㄩ蝠眢塗婓5ㄛ000藝啋腔峈2%-10%˙5ㄛ000-20ㄛ000藝啋腔峈1.5%-2%;20,000藝啋眕奻腔荈踢薹婓1.5%眕狟﹝衄虳痐鼠侗峈桸懂嘈諦ㄛ都衄珨虳蚥需沭璃ㄛ衄腔寞隅婓堤忮諦誧珂蔚痐蝠跤痐鼠侗麼婓劃鎗奀珂婓珋踢梖笢湔逋講腔珋踢腔ㄛ褫砅忳荈踢腔蚥需﹝

嘖笢攫妀腔冪槨珛昢猁諉忳藝弊痐蝠眢巹埜頗腔潼飭睿奪燴﹝嘖笢攫妀砃痐蝠眢巹埜頗蛁聊奀ㄛ猁佽隴訧踢袨錶睿坻笭猁錶ㄛ涴源醱楷汜曹趙ㄛ遜茼摯奀党蜊蛁聊囀﹝蛁聊腔扠摯勤蛁聊腔党蜊ㄛ飲剕冪痐蝠眢巹埜頗机脤籵徹嘖笢攫妀腔冪槨魂雄ㄛ斛剕睫磁祤婓悵誘芘訧氪腔痐蝠眢楊摯蝠眢巹埜頗垀蕾寞寀﹜秶僅脹腔猁ㄛ遜猁睫磁弊痐妀衪頗衄壽鼠蝠眢腔寞隅﹝峊毀寞隅腔嘖笢攫妀衄褫夔掩婃遣麼蛁种婓巹埜頗腔蛁聊ㄛ遜褫夔掩笢砦騰祫羲壺峚晟夔劂赻俴秶隅奪燴寞寀腔郪眽儂凳傖埜腔訧跡﹝

媼﹜肅弊嘖笢攫妀

肅弊岆岍賜痐蝠眢垀腔埭華ㄛ婌婓1538爛ㄛ犖惜憩衄賸痐蝠眢垀﹝醴ㄛ肅弊掀誕翍靡腔痐蝠眢垀婓楊擘親腦﹜犖惜﹜祥懂繩﹜犖霾哏﹜佴芞樓杻﹜躅攝窪﹜債嫌嗣痲﹜啡輿痐蝠眢垀ㄛ笢楊擘親腦痐蝠眢垀岆肅弊郔湮腔痐蝠眢垀ㄛ蝠眢軞講梩弊腔60%ㄛ笢晢蝠眢梩70%﹝

楊擘親腦痐蝠眢垀珋衄頗埜窅俴300嗣模ㄛ笢攫妀2ㄛ000嗣靡﹝婓蝠眢垀囀衄侐笱笢攫妀ㄩ1夥源笢攫妀ㄩ衱請夥源歎跡笢攫妀﹝坻蠅岆蚕笣◇淉葬◆韜腔ㄛ筍剕冪肅弊痐燴岈頗腔肮砩﹝夥源笢攫妀岆測燴諦誧輛俴痐鎗闖腔翋猁笢賡﹝2跪窅俴睿痐鼠侗腔蝠眢埜ㄩ婓肅弊ㄛ窅俴褫眕冪茠跪笱痐珛昢ㄛ痐蝠眢垀爵衄硌隅腔蝠眢埜ㄛ歇岆砑鎗闖痐腔諦誧褫呴奀參赻撩腔蝠眢硌鍔籵徹窅俴麼痐鼠侗換湛跤坳蠅腔蝠眢垀囀腔蝠眢埜ㄛ蝠眢埜婬巹迖冪槨懂俇傖硌鍔﹝3湮泆蝠眢埜ㄩ蚕衾笢攫妀都都婓肮珨奀潔彶善鎗闖祥肮笱濬嘖腔巹迖ㄛ猁婓傻奀揭燴俇救衄嬪麵ㄛ涴奀冪槨晞湮泆蝠眢埜測峈鎗闖窒煦嘖ㄛ蚕笢攫妀垀扽痐鼠侗砃盓葆荈踢﹝4赻蚕冪槨ㄩ涴濬湮嗣岆峈諦誧輛俴鎗闖ㄛ珩衄屾杅岆峈赻撩輛俴鎗闖﹝珨啜祥忳鎗闖痐笱濬腔癹秶﹝赻蚕笢攫妀褫眕滅砦夥源笢攫妀勤蝠眢腔瞽剿ㄛ妏噥淰儂秶楷閨釬蚚﹝5蚳模笢攫妀ㄩ潭衄笢攫妀迵赻茠妀邧笭旯爺﹝蚳模笢攫妀渭婓硌隅腔蝠眢秅ㄛ煦奪撓笱善撓坋笱嘖腔蝠眢﹝絞坻蠅釬笢攫妀奀ㄛ硐諉忳夥源笢攫妀睿赻蚕笢攫妀腔巹迖﹝

﹜楊弊嘖笢攫妀

楊弊弊僕衄跺痐蝠眢垀ㄛ撈ㄩ匙燮痐蝠眢垀﹜疏嗣嫌痐蝠眢垀﹜爵嫌痐蝠眢垀﹜爵偕痐蝠眢垀﹜鎮痐蝠眢垀﹜鰍柈痐蝠眢垀﹜鰍杻痐蝠眢垀﹝弊◇俶◆麼弊暱◇俶◆腔痐婓匙燮痐蝠眢垀奻庈﹝奧華◇俶◆痐寀婓坻鞠跺痐蝠眢垀奻庈ㄛ蝠眢塗竭苤ㄛ硐摯匙燮痐蝠眢垀腔2.5%﹝

匙燮痐蝠眢垀翋猁輛俴晢蝠眢ㄛ晢蝠眢梩軞蝠眢塗腔90%﹝匙燮痐蝠眢垀珋衄傖埜鼠侗57模ㄛ笢攫妀岆傖埜痐鼠侗婓蝠眢垀腔測桶ㄛ坻蠅斛剕輛俴蛁聊ㄛ憩眥扠珂猁傘冞蝠眢垀燴岈頗ㄛ綴婬蛌傘笙淉窒ㄛ郔綴蚕笙淉窒酗轎﹝笢攫妀暫褫測燴諦誧酕痐蝠眢ㄛ衱褫植岈赻茠鎗闖珛昢﹝蝠眢垀囀遜衄珨笱"笢攫妀嗶埜"ㄛ坻蠅岆痐蝠眢垀都堍蛌垀剒腔馱釬埜ㄛ衱煦峈詢撰嗶埜睿硒桽嗶埜ㄛ飲岆忳冪槨腔巹迖酕撿极珛昢腔﹝

楊弊痐庈部遜衄珨笱痐嘈恀ㄛ坻蠅蚳藷植岈痐蝠眢腔膘祜迵硌絳馱釬ㄛ茧衄赻撩腔嘈諦厙﹝坻蠅祥冪忒訧踢睿痐迖域ㄛ硐岆喃絞痐鼠侗睿嘈諦眳潔腔笢賡ㄛ衪翑邧源諉揖ㄛ痐鼠侗寀蔚忒哿煤腔27.5%酘衵葆跤痐嘈恀釬峈喚櫛﹝痐嘈恀斛剕婓楊弊痐奪燴巹埜頗蛁聊ㄛ甜厥衄楊弊痐蝠眢垀燴岈頗楷跤腔眥珛痐﹝

侐﹜荎弊嘖笢攫妀

荎弊衄痐蝠眢垀媼坋嗣模ㄛ笢掀誕湮腔痐蝠眢垀衄ㄩ豐嗟痐蝠眢垀﹜探嫌楊佴杻痐蝠眢垀﹜皎隴熔痐蝠垀﹜瞳昜痐蝠垀﹜跡嶺佴貊痐蝠垀﹜霤章佴杻痐蝠垀睿票蹈佴迖痐蝠垀﹝

豐嗟痐蝠眢垀崠岆岍賜翋猁腔痐蝠眢笢陑昢ㄛ醴岆岍賜湮痐蝠眢垀眳珨ㄛ痐蝠眢塗閉徹韁粔湮翻坻蝠眢垀腔軞睿ㄛ奻庈腔痐笱濬峈臟埮痐蝠眢垀腔謗捷﹝豐嗟痐蝠眢垀岆岍賜奻俋弊嘖蝠眢郔魂埲腔庈部ㄛ岍賜埮衄珨圉腔俋弊嘖岆婓涴爵輛俴蝠眢腔﹝蜆垀遜岆郔峈弊暱趙腔痐蝠眢垀ㄛ坳腔笢攫妀夔測燴諦誧鎗闖岍賜跪湮蝠眢垀奻庈腔垀衄嘖睿晢﹝

豐嗟痐蝠眢垀腔痐冪槨衄謗笱ㄩ嘖笢攫妀ㄗbrokerㄘ睿嘖鎗闖妀(jobber)ㄛ坻蠅飲斛剕岆蝠眢垀腔傖埜﹝嘖笢攫妀翋猁測諦督昢ㄛ坻蠅偌嘈諦腔猁ㄛ測峈砃嘖鎗闖妀闖蚘諦誧垀猁闖堤腔痐ㄛ麼砃嘖鎗闖妀鎗輛諦誧垀砑鎗輛腔痐﹝彶寀懂赻測諦督昢腔荈踢﹝嘖鎗闖妀翋猁峈赻撩鎗闖痐ㄛ坻蠅婓嘖笢攫妀眳潔喃釬笢潔ㄛ肮奀ㄛ珩褫婓跪嘖鎗闖妀眈誑潔輛俴蝠眢﹝彶寀懂赻鎗輛睿闖堤痐眳潔腔歎跡船塗ㄛ筍茠珛毓峓朼晜ㄛ躺冪茠珨謗笱嘖麼晢﹝

豐嗟痐蝠眢垀奻庈腔痐笱濬竭嗣ㄛ蝠眢軞塗杶ㄛ垀眕蝠眢垀赫傖匐跺湮蚳嶄蝠眢ㄛ奻庈痐煦扽跪ㄛ衄嘐隅弇离﹝婓蝠眢奀ㄛ絞鼠笲勤議笱痐腔鎗闖巹迖善湛笢攫妀忒笢綴ㄛ坻蕾撈善蝠眢泆蜆笱痐腔蚳嶄蝠眢ㄛ猁蜆腔嘖鎗闖妀煦梗枑尨鎗歎睿闖歎﹝笢攫妀植跪鎗闖妀腔滌歎笢ㄛ砃郔詢氪闖堤ㄛ砃郔腴氪鎗輛﹝痐俴腔滌歎ㄛ扽衾嘖鎗闖妀ㄛ笢攫妀寀羶衄涴笱瞳﹝

拻﹜掛嘖笢攫妀

掛弊珋衄匐模痐蝠眢垀ㄛ笢陲儔﹜湮筅﹜靡嘉挌模蝠眢垀諉忳弊跪華腔惆歎等ㄛ秪奧衱掩備峈"笢栝痐蝠眢垀"ㄛ坻拻模ㄗ儔飲﹜嫘絢﹜腦詳﹜陔郕﹜崥銨ㄘ寀備峈"華源痐蝠眢垀"﹝

陲儔痐蝠眢垀岆準荅瞳◇俶◆腔頗埜秶隅蝠眢垀ㄛ蝠眢垀頗埜躺癹衾湛善珨隅梓袧腔痐鼠侗ㄛ頗埜偌珛昢◇俶◆窐煦峈侐笱ㄩ1淏宒頗埜ㄩ衱備部囀笢攫妀ㄛ坻蠅褫眕婓痐蝠眢垀爵域燴嘈諦隆劃睿巹迖鎗闖珛昢ㄛ珩褫眕眻諉眕赻撩腔訧踢鎗闖痐﹝淏宒頗埜眕掛弊鼠侗峈翋ㄛ珩衄屾杅俋弊痐鼠侗ㄛ坳蠅壺諉忳諦誧巹迖鎗闖俋ㄛ珩褫煦赻撩鎗闖痐麼諉忳準頗埜痐鼠侗腔蝠眢巹迖﹝醴ㄛ蝠眢垀淏宒頗埜衄92模鼠侗﹝2笢攫妀頗埜ㄛ衱備蝠