交易部门对风险资产的最大可能损失做了估计,对之进行对冲,然后将如此计算的最小风险净值记录在案,如此这般,却将风险毛值里的巨大的长尾风险疏忽性地掩盖起来。
Trading desks would estimate the maximum possible loss on risky assets, hedge it and then record the net risk as minimal, inadvertently concealing huge tail risks in the gross exposure.
由于固定资产的残值和使用年限均只是估计,处置固定资产时的出售价格不同于其账面净值是很常见的。
Since the residual values and useful lives of plant: assets are only estimates, it is not uncommon for plant assets to be sold at prices which differ from their book value at the date of disposal.
由于缺乏公开市场对这些证券,这是负责的基金经理组成的估计值时的资产净值计算。
In the absence of a public market for these securities, it is the responsibility of the fund manager to form an estimate of their value when computing the NAV.
由于缺乏公开市场对这些证券,这是负责的基金经理组成的估计值时的资产净值计算。
In the absence of a public market for these securities, it is the responsibility of the fund manager to form an estimate of their value when computing the NAV.
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