当一个普通人听说“资产支持证券”这样的专业名词时,他很可能把它当作某种建立在次级债虚弱基础上的疯狂的结构产品。
When the average person hears the term "asset-backed securities" he may well think of some of the crazier structures built on the rickety base of subprime mortgages.
财务经理可以找到以实物资产为基础的期权——实物期权,和以公司发行的证券为基础的期权。
Financial managers find options lurking in real assets-that is, real options-and in the securities the firms may issue.
大部分是资产为基础的证券类型,包括以住房贷款为基础的证券的证券化工具在中国还没有出现。
Securitization instruments, that are the most types of asset-backed securities including mortgage-backed securities, have NOT yet been seen in China.
从住房抵押贷款证券化的概念和基本运作流程入手,说明信用对基础资产池的供给和MBS的运作的重要性。
This essay illustrates the importance of credit to the supply of asset pool and the operation of MBS from the accept and the basic operation process of MBS.
资产证券化不但为市场机制作用的充分发挥奠定了基础,而且充分体现了金融市场一体化的客观要求。
Assets Securitization, not only for giving full play to establishing the foundation of market mechanism function, but also has fully reflected the integrated objective request of financial market.
因此,目前关于资产证券化中资产转移的研究主要集中如何实现证券化基础资产的“真实出售”方面,而忽略了我国信贷资产证券化实践中产生的一些法律问题。
Therefore, the research on the transfer of securitization is mainly about how to achieve the objective of "true sale" while ignoring the legal issues exist in our credit asset securitization practice.
目前可供证券化的资产主要是住房抵押贷款、基础设施贷款以及大型公司应收款。
The assets available for securitization now consist mainly of the real estate mortgage, the infrastructure loan and the account receivable of large-scale corporations.
第三部分由第5章至第6章组成,对基础设施资产证券化的具体运作模式进行了实质性探讨。
The third part make up from chapter 5 to chapter 6, has carried on the substantive discussion to the concrete operation mode of asset securitization of the infrastructure.
在信贷资产证券化交易中,证券化基础资产的转移具有十分重要的作用。
The transfer of the basic asset is very important in credit asset securitization.
以信贷资产支持证券为例探讨资产证券化的特有风险—违约风险,并运用KMV模型测度个案违约风险,在此基础上提出一些控制违约风险的策略。
In case of credit assets backed securities, the paper explores the special risks of asset securitization-default risk, and the default risks with KMV model.
理论层面主要是对基础设施项目资产证券化的必要性和可行性的研究。
Theory research mainly includes: basic theory of Asset securitization, necessity and feasibility of these thesis.
当前证券市场普遍存在着信息失真现象,而资产减值准备对“洗大澡”现象有一定地推动作用,为此在会计准则的相关基础上就计提资产减值准备对会计数据的影响作了深入探讨。
In light of the universal phenomenon of information distortion in current securities business, this paper expounds the impetus for "big bath" caused by the allowances for assets impairment.
这是我国进行不良资产证券化选择的基础和出发点。
在电力企业资产支持证券的设计上,从基础资产甄选和定价方案设计两个方面进行了阐述。
This chapter included the selection of underlying assets and the design solutions of pricing. The contents of the fourth part concerned on primary operation of ABS.
第三部分:基础设施资产证券化的可行性研究。
Part III: The feasibility study of infrastructural assets securitization.
第三章对知识产权证券化操作过程中的特殊法律问题,包括基础资产破产风险隔离与知识产权特殊风险安排机制两个方面进行研究;
Chapter three studies the special legal problems arising in the operating progress, including IPR risk bankruptcy remote mechanism and special risk mechanism for IPR securitization operating.
要达到与破产相隔离的目的,首先,应防止SPV从事任何与“特别目的”无关的商业活动,它的惟一业务应是持有那些构成证券化基础的资产;
There are two ways to segregate SPV from bankruptcy: firstly, SPV's structure shall be proper for preventing it form conducting and business activities unrelated to "special purpose";
要达到与破产相隔离的目的,首先,应防止SPV从事任何与“特别目的”无关的商业活动,它的惟一业务应是持有那些构成证券化基础的资产;
There are two ways to segregate SPV from bankruptcy: firstly, SPV's structure shall be proper for preventing it form conducting and business activities unrelated to "special purpose";
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