Securities lending allows temporarily illiquid securities to be loaned to investors.
债券借贷将本来暂时不流动的债券出借给需要债券的投资者。
And for illiquid securities, it can get very expensive for an administrator to go out and verify those prices.
而对于流动性差的证券,行政管理人要获取并验证这些证券价格的成本可能非常高。
Australian hedge funds are no different from those elsewhere; they can involve borrowing, short-selling, and illiquid securities.
澳大利亚的对冲基金与其它地方的对冲基金毫无不同,可以涉及借贷、卖空和非流通证券等领域。
Perhaps with good reason. Market bottoms have already been incorrectly called several times, and there is massive uncertainty over the real value of Lehman's exposure to illiquid securities.
但是如果有很好理性的话就该知道:所谓市场底部的判断已经出错过多次,而且莱曼揭露的非流动性的证券的实际值还有非常大的不确定性。
As the entities couldn't bear the burden for long, they had to sell mortgage-linked securities into a hostile, illiquid market, pushing down already depressed prices.
随着这些机构无法继续承担负担,它们不得不把抵押贷款相关证券在一个流动性不佳的市场上卖掉,进而使本已经低迷的价格进一步下跌。
More specifically, the fund could use the most optimistic models to price its illiquid assets, which include mortgage-backed securities and other swaps.
更确切地说,该基金可以用最乐观的模型来对流动性资产定价,包括按揭证券和其它可交换的票据。
Some asset classes (particularly illiquid ones) can be subject to a “rowing boat” effect. Mortgage-backed securities were a classic example.
有些资产类别符合“游艇效应”,按揭债券就是个典型的例子。
Administering these funds requires expertise in areas such as valuing illiquid instruments and complex securities such as derivatives, so margins are fatter and clients tend to stick around.
管理这类基金需要具备专业能力,比如非流通资产估值工具以及复杂的安全系统,以使那些客户更愿意留下来。
It can get the money and change the structure of assets and liabilities by structuring ingeniously a transaction, and transferring the illiquid assets to liquid and marketable securities.
它通过巧妙设计交易结构,将流动性差的资产转换为流动性好的证券,借以融通资金、改善资产负债结构。
It can get the money and change the structure of assets and liabilities by structuring ingeniously a transaction, and transferring the illiquid assets to liquid and marketable securities.
它通过巧妙设计交易结构,将流动性差的资产转换为流动性好的证券,借以融通资金、改善资产负债结构。
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