交易所的10- 20%的销售额作为“第二留置权”被拍卖，意味着银行作为带头投资者，很可能失去顾客。

Some 10-20% of the exchange's turnover has to be auctioned as "second-lien", meaning that a bank stands ahead of the investor, in the event that the buyer of the goods goes bust.

youdao

交易所的10- 20%的销售额作为“第二留置权”被拍卖，意味着银行作为带头投资者，很可能失去顾客。

Some 10-20% of the exchange's turnover has to be auctioned as "second-lien", meaning that a bank stands ahead of the investor, in the event that the buyer of the goods goes bust.

youdao