诸如巨灾债券等保险相关的产品变得越来越流行。
Insurance-linked products, such as catastrophe bonds, are becoming more popular.
在这种情况下，巨灾债券便应运而生了。
现有的巨灾债券定价模型是基于标准金融理论建立的。
The existing catastrophe bond pricing models are all based on the standard finance theory.
在众多的巨灾衍生产品中，交易最活跃使用最广泛的便是巨灾债券。
Catastrophe bond is the most active transacted and widely used product among the large number of catastrophic derivatives.
在巨灾风险证券化的多种形式中，巨灾债券是发行量最大、最成功的一种。
Through the CAT Bond, risk is transferred from insurance market to capital market.
在巨灾风险证券化的多种形式中，巨灾债券以最大的发行量成为最成功的一种。
In it's various forms of the securitization of catastrophic risks, catastrophe bonds become one of the most successful for the largest circulation.
尤其是对冲基金，特别偏好三种与变化的气候相联系的金融工具：气候衍生品，巨灾债券，以及sidecars。
Hedge funds, in particular, favour three sorts of instruments linked to the changeable climate: weather derivatives, catastrophe bonds and sidecars.
运用巨灾债券转移、分散巨灾风险显然对我国保险公司、再保险公司及大型企业的风险管理具有明显的借鉴意义。
There are issuers, investors and SPV in the CAT bonds issuing market. National insurers and enterprises can also apply CAT bonds to managing catastrophe risk.
“巨灾债券(catastrophe bond)”是最早的奇异资产(exotic assets)之一。 巨灾债券为保险公司赔付地震或飓风损失时提供资金支持。
One of the earliest exotic assets was the catastrophe bond, the provision of back-up capital to insurance companies dealing with earthquakes or hurricanes.
所有在该平台下发行的债券都将使用“多巨灾(Multicat)”品牌，并使用相同的法律机制和文件，而世行则扮演组织者的角色。
All bonds issued under the platform will carry the MultiCat brand name and use a common legal structure and documentation, with the World Bank acting as arranger.
这些债券让投资者得以实现资产多元化，而且这些债券的利率很高，可以补偿发行机构在巨灾发生后本金得不到偿付所带来的风险。
These bonds allow investors to diversify their assets and pay much higher interest rates to compensate for the risk of the issuer not repaying the principal in the event of a major catastrophe.
本月初，墨西哥成为首个使用“多巨灾计划”的国家，共发行 2.9亿美元系列债券。
Mexico became the first country to issue a $290 million series of notes using the MultiCat Program earlier this month.
基于此，作者选择《巨灾风险债券及其在我国的运用研究》作为毕业论文。
So, author choose 'Study On CAT bond And Its Application In China'as my thesis.
本文推导了一个不完全市场框架下的基于代表性代理模型基础上的巨灾风险债券定价模型。
This paper deduces a model for pricing catastrophe risk bond based on the representative agent in the framework of incomplete market.
摘要：作为一种新型群金融工具，巨灾风险债券自发行以来所附带的风险收益就远高于同等级传统债券的收益。
Abstract: : As a new financial instrument, the risk premium of CAT bond has been much higher than that of traditional bonds with same credit rating since its issue.
作为一种新型金融工具，巨灾风险债券自发行以来所附带的风险收益就远高于同等级传统债券的收益。
As a new financial instrument, the risk premium of CAT bond has been much higher than that of traditional bonds with same credit rating since its issue.
同时，还考虑了资产负债比、免赔额、债券价值与负债占比对巨灾再保险费率的影响并得到合理结果。
The results showed that, if considering the regional differences, the influencing factors for the demand of property insurance were disposable income per person, fixed asset investment and population.
同时，还考虑了资产负债比、免赔额、债券价值与负债占比对巨灾再保险费率的影响并得到合理结果。
The results showed that, if considering the regional differences, the influencing factors for the demand of property insurance were disposable income per person, fixed asset investment and population.
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