如果越多的风险能够被校准，那么在交易账户中以资本费用低于正常贷款而在交易账户中记录被出后或持有的可转换债券的机会就越多。
The more that risk could be calibrated, the greater the opportunity to turn debt into securities that could be sold or held in trading books, with lower capital charges than regular loans.
股权相关贷款是指可转换为股权的贷款，或可以以股权作抵押的贷款。
Equity related loans are loans convertible into equity ownership or loans collateralized with equity positions.
虽然国债看上去不错，债券市场的其他品种更有吸引力，它们包括市政债券，公司债券，可转换证券，一些抵押贷款证券和优先股。
While Treasuries look rich, other parts of the bond market beckon, including municipals, corporate bonds, convertible securities, some mortgage securities and preferred stock.
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