公司为了筹集资金而出售证券（图中的箭头1）产生了现金流。

The flow starts when the firm sellssecurities to raise cash (arrow 1 in the figure).

youdao

中国招商证券分析师说：现在，如何设计现金选择是非常重要的。

China Merchants Securities analyst said: Now, how to design the cash option is very important.

youdao

换股合并：以证券而非现金为交易对价的要约收购。

Exchange Offers: Tender offer where the consideration is securities rather than cash.

youdao

知识产权；证券化；风险；现金流。

Intellectual Property Right; Securitization; Risk; Cash Flow.

youdao

知识产权；证券化；风险；现金流。

Intellectual Property Right; Securitization; Risk; Cash Flow.

youdao