That is partly because the last phase of its growth was founded on unsustainable leverage, and partly because the value of the underlying equities and bonds is unlikely to grow as it did in the 1980s and 1990s.

這部分是由于其最后的增長是基于不持久的基礎之上的欧美爱爱视频一区二区，還由于股票及債券不可能象1980年代及1990年代那么增長了羞羞事网站免费进入。

The duration of an inverse floater exceeds the duration of the underlying fixed-coupon bonds.

逆向浮動利率證券的存續(xù)期超過了基礎的固定息票率債券的存續(xù)期欧美zoo交。

The issuer of CDS whose value is much larger than the underlying bonds has the opposite moral hazard: there is an incentive artificially to reduce or eliminate default risk.

若CDS的價值遠遠大于其基礎債券價值久久国产免费中文，則CDS發(fā)行機構有著相反的道德風險：既存在人為降低或消除違約風險的動機日韩精品国语在线观看免费视频网站。

The European Commission has said it will examine the case for banning "naked" sovereign CDSs, in which buyers of protection on government debt do not actually own any of the underlying bonds.

歐盟委員會已經表示將檢查取締"無保護"主權信用違約掉期情況在綫看中文字幕，其中政府債務保護的買家實際上不擁有任何優(yōu)先債券在线免费AV播放。

Conceived in the 1990s as a hedging tool, CDSs soon took off as a way to speculate on the likelihood of a firm going bust without having to trade its underlying bonds.

信用違約互換作為防止經濟損失的工具，產生于90年代一级黄色在线观看。不久欧美一级做一级A片视频大鸡巴破处，CDSs就成為對某公司破產的可能性進行投機而不必買賣該公司債券的一種手段。

The index's movement implies a 5% lossrate, pressuring banks to mark down the value of their bonds eventhough the underlying properties are still generating cash.

該指數(shù)的走勢顯示損失率達5%﹐銀行因此被迫減記債券價值﹐盡管房地產本身仍在帶來現(xiàn)金收入又色又大又粗又硬又爽动态视频。

The case against buyers of sovereign CDSs is that by driving up the price of insuring against default, they cause spreads on underlying cash bonds to widen, making borrowing more expensive and bringing default—and a big payout—closer.

反對主權信用違約互換購買者的理由是插进去插快点视频，抬高了對違約保險的價格，這引起優(yōu)先現(xiàn)金債券的利差擴大美女双腿张开被操出白浆，使貸款成本加大日韩欧美一区二区在线观看，使得違約風險更近——因為貸款成本加大而產生一大比支出。

One set of securities, known as an equity tranche, pays the highest returns but is the first to suffer if the underlying bonds default; other securities offer a much lower yield but a triple-A credit rating, because a lot of defaults would be needed to trigger losses.

其中一套被稱為"平等分額"可享受最高回報免费看小姐操逼网站，但同時国产一级一级A一级A级，如果優(yōu)先債券欠債，這種債券也將首先遭受損失殴美伊人一本在线观看av；其他一些債券黄色网址在线免费，雖為3A級，但收益較低天天天色踪合，因為引起損失的是大量的欠債日韩欧清无码激情性视频。

A group of ten international banks is to underwrite and sell the bonds.

一個由10家國際銀行組成的銀團將包銷及出售這些債券。

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