And if bond markets failed in their vigilante role by treating Greek sovereign debt as if it were German, the ECB did just the same when it came to the collateral it accepted for lending to Banks.

如果说证券市场在其哨兵角色上犯了错，把希腊主权债务当成了德国的，那欧洲央行在取得抵押品以借贷给银行时也犯了这个错误。

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For extra safety, the pool contains more collateral than the value of the bond.

为了使其更具安全性，资产池中有抵押的债券要比普通债券价值大。

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Why not use the much-heralded stability fund as collateral for a European Brady bond plan that puts an end to the sovereign debt saga?

为什么不用被大肆宣扬的稳定基金作为抵押以实施欧洲布雷迪债券计划？这项计划终止了主权债务危机发生的可能性。

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Eric and Amanda put up Serenola as collateral to free him on bond, and by late afternoon he was home.

NEWYORKER: Bones of Contention

An alternative to the promissory note arrangement is considered in which a 40-year bond is used as collateral for regular ECB loans which replace an equivalent amount the ELA debt.

FORBES: How Much Would Ireland Benefit from Replacing the Promissory Notes with a Long-Term Bond?

The rule that all bond issues must be backed by collateral was lifted in 1979, and other restrictions were also slowly relaxed, but companies still need an investment-grade rating.

ECONOMIST: Japanese finance