由于美国拥有世界上最大股票债券市场，因此大部分外籍基金管理人势必会前去登记。

Since the American equity and bond markets are the biggest in the world, the vast majority of foreign fund managers will feel obliged to register. But that is where their problems will start.

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判决确定，债券结构——在荷兰登记注册，并将纠纷提交至纽约法院——缺少证据支持，因而无法对债务人执行。

The structure used in the bonds—a Netherlands registration and an agreement to take disputes to court in New York—was determined to be untenable and unenforceable against Indonesian debtors.

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并非所有到S.E.C登记。对冲是平衡风险投资。像共同基金、对冲基金可以购买股票、债券。

Not all of these register with the s. E. C., however. To hedge is to balance investment risk. Like mutual funds, hedge funds may buy stocks and bonds.

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