对投资银行来说答案也很重要，因为投行将这些证券打包，通常拥有发行抵押贷款的子公司。
It also matters to investment Banks, which packaged the securities and often own subsidiaries that originate mortgages.
最近全球债券市场上私营公司发行债券的势头趋于看涨，这是因为银行和公司借款者(corporate borrowers)之间产生“脱媒现象”(disintermediation)或者叫“逆中介化现象”(即指资金需要者采取发行证券而不是采取向金融机构借款的方式筹措资金)。
The markets are seeing a rising trend of securities being issued by private companies, a result of the disintermediation between the banks and corporate borrowers.
存托凭证银行发行的金融工具，代表一家国外公司的公开上市证券。
A negotiable financial instrument issued by a bank to represents a foreign company's publicly traded securities.
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