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illiquid adj.1.非現金的;不能立即兌現的。2.無流動資金的。...

Based on the case study of china international marine containers ( group ) co . ltd , a domestic listing company , this article will analyze from the perspectives of the structure , the operational process , the operational efficiency , the special advantages and the viability in chinese market of the asset - backed securitization financing . asset - backed securitization ( abs ) means that to pull out either the banks “ or corporate illiquid assets from others to form as an asset pool , and through structural reorganization and under the guarantee of expected stable income stream , it becomes one of the financing ways in the international capital market 資產證券化( asset - backedsecuritizition ,意為資產支持證券化,簡稱abs ) ,是指將銀行或公司所擁有的缺乏流動性的資產從其他資產中分離出來形成一個資產池,以該資產可以預期的、未來持續穩定的現金流為保證,通過結構性重組,在國際資本市場發行證券來籌集資金的一種融資方式。

All stocks listed in hong kong , amex , nyse , nasdaq , japan , singapore and australia markets are eligible for margin financing “ eligible stocks “ , except for warrants , suspended , illiquid and “ penny “ stocks 所有香港、 amex 、 nyse 、 nasdaq 、日本、新加坡及澳洲上市的股票均可作為認可?展(融資)信貸抵押的股票( “認可股票” ) ,而認股權證、停牌、交投量少、價值低的股票除外。

Asset securitization is a financial innovation that transforms illiquid assets into tradable securities . “ risk - remoteness “ and “ credit enhancement “ are two legal principles in ensuring the success of an asset securitization project “風險隔離原則”和“信用增級原則”是保障資產證券化運作成功的兩項重要的法律原則。

It is structuring a transaction and transferring the “ cash flow producing “ , “ illiquid “ asset to marketable securities 它通過一定的交易結構安排,將預期可產生穩定現金流而缺乏流動性的資產轉換為可在金融市場中銷售和流通的證券。

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Based on the case study of china international marine containers ( group ) co . ltd , a domestic listing company , this article will analyze from the perspectives of the structure , the operational process , the operational efficiency , the special advantages and the viability in chinese market of the asset - backed securitization financing . asset - backed securitization ( abs ) means that to pull out either the banks “ or corporate illiquid assets from others to form as an asset pool , and through structural reorganization and under the guarantee of expected stable income stream , it becomes one of the financing ways in the international capital market 資產證券化( asset - backedsecuritizition ,意為資產支持證券化,簡稱abs ) ,是指將銀行或公司所擁有的缺乏流動性的資產從其他資產中分離出來形成一個資產池,以該資產可以預期的、未來持續穩定的現金流為保證,通過結構性重組,在國際資本市場發行證券來籌集資金的一種融資方式。

The real puzzle is how fis such as depository institutions can offer highly liquid and low price - risk contracts to savers on the liability side of their balance sheets while investing in relatively illiquid and higher price - risk securities issued by corporations on the asset side 真正不好理解的是在投資于由房地產公司發行的相對流通性不高價格風險又很高的債券時,像金融中間人這樣的存款機構在背負償還負債的義務下是怎樣向儲戶提供高流通性低價格風險的合同的呢?

Securitization of bank assets refers to combined management and investment activities in which commercial banks , by making use of the legally representable nature of their credit assets and other claimable credits , put certain assets into asset - pools , issue asset - backed securities backed by the assets in the pools in order to transform the illiquid credit assets into cash assets . then the asset - backed securities are entrusted . upon the expiration of the securities ’ terms , the underlying assets are realized to repay the principals and interests of the securities 銀行資產證券化是商業銀行利用信貸資產和其他可主張的債權在法律上可被代表的特性,以確定的財產進入資產池為擔保發行資產支持證券,將沉淀的信貸資產變為現金資產,然后將該證券委以信托增值,在證券期滿時,變現擔保財產償還證券本息的一種組合經營和投資活動。

Specifically , the consolidation of special purpose vehicles with risks and rewards borne by the company should be looked at . so should the accounting treatment of derivatives in respect of , for example , the measurement of their fair value in illiquid markets . the third concerns auditing 進行某些活動,有關的風險與回報由母公司承擔的做法以及有關衍生工具的會計處理方法,例如是如何在流通性極低的市場評估這些衍生工具的公平市值。

As was the case in hong kong , investors throughout the region were worried about the possibility of significant capital outflows in an environment of rising us $ interest rates : large cap stocks in the comparatively illiquid stockmarkets of thailand and malaysia were sold down sharply 與本港的情況相若,區內的投資者憂慮美元利率上升可能導致大量資金外流:在流通性相對偏低的泰國及馬來西亞股市,大型股的估價顯著下挫。

Through standardization of product structure and documentation , the programme provides a convenient platform for the hkmc and banks to convert their illiquid mortgage portfolios into liquid mbs in order to achieve their funding and balance sheet management objectives 透過產品結構及文件的標準化,該計劃可為按揭證券公司及銀行提供一個方便的安排平臺,將不流通的按揭組合轉變為流通的按揭證券,達到融資及資產管理目標。

The final execution price of your market order may differ from the nominal price at the time of order placement , especially for illiquid stocks and or at the beginning of a trading session due to orders accumulated that need to be handled 現價盤的最終成交價有可能偏離您落盤時之市場價格;尤以交投量不流通之股票及/或剛開市時,出現偏差機會較大,因較多累積盤需同時處理。

All stocks listed in hong kong , amex , nyse , nasdaq , japan , singapore and australia markets are eligible for margin financing “ eligible stocks “ , except for warrants , suspended , illiquid and “ penny “ stocks 所有香港、 amex 、 nyse 、 nasdaq 、日本、新加坡及澳洲上市的股票均可作為認可?展(融資)信貸抵押的股票( “認可股票” ) ,而認股權證、停牌、交投量少、價值低的股票除外。

The evaluation of interest rate risk must consider the impact of complex , illiquid hedging strategies or products , and also the potential impact on fee income that is sensitive to changes in interest rates 這里分析了如果現階段馬上放開利率,利率的劇烈波動可能對銀行業的經營造成沖擊,所以利率市場化的改革還需要兼顧商業銀行改革的進程。

Rather than investing in a few , often illiquid , corporate - bond issues , investors have a host of vehicles to choose from ? albeit with names that , like italian ice creams , sound confusingly like one another 發達國家的養老基金和保險公司已經變得很警惕了(感謝監管和2000 - 02年的熊市) ,而且正增加對債券的購買以保持與他們的負債相匹配。

Asset securitization is a financial innovation that transforms illiquid assets into tradable securities . “ risk - remoteness “ and “ credit enhancement “ are two legal principles in ensuring the success of an asset securitization project “風險隔離原則”和“信用增級原則”是保障資產證券化運作成功的兩項重要的法律原則。

The immediate cause of the spike in the interbank market appeared to be an announcement by bnp paribas , a french bank , that it was suspending withdrawals from funds invested in illiquid ( and thus hard - to - value ) credit securities 這句話意思翻譯的不是很清楚,巴黎銀行所做的是:禁止投資人從投資信貸證券的基金中撤資。

If these securities are now downgraded , the same banks could be forced to offload lots of illiquid instruments into a falling market ? one of the fastest ways to lose money yet devised 如果這些證券現在被降級,那些銀行將不得不在一個下跌的市場中拋售這些不易變現的資產,這真是一個可以想的出來的最快損錢法。

4 . on the basis of order - driven system , we should research the possibility of introducing the quotation - driven system which specialized for trading the illiquid stocks . 5 ( 4 )在以委托指令驅動為主的前提下,今后應研究對交易不活躍、流動性差的股票引入做市商報價驅動交易制度的可能性。

Specifically , the less diversified the fi , the higher the probability that it will default on its liability obligations and the more risky and illiquid its claims 特別指出的事,金融中間人的投資多樣性越少,不能履行償還義務的可能性就越大,風險性也越大,債權的流動性也越小。