But if their net exposure is so low, why have Banks been so coy about it?
但是如果各银行承受的净风险这么低，为何还对此讳莫如深？
The first was the bank's focus on traders' net exposure, the difference between the portfolios that are being arbitraged.
首先兴业的注意力集中在交易员的净暴露上，即被套利的交易组合之间的差值。
In such an arrangement, an investor agrees to buy into a new issue in return for being able to sell back to the Banks an equal amount of an old one, thus ensuring its net exposure does not rise.
在这种机制下，投资者同意在将等值的老债券卖给银行的情况下，购买新的债券，从而确保其净风险敞口并未进一步扩大。
Its net foreign-exchange exposure is nil, but Iceland was in a similar position, and its Banks have not been able to liquidate foreign assets to cover their foreign debts.
英国的净外汇敞口是零，但冰岛当时的头寸也差不多如此，而它的银行还是不能用外币资产来清偿其外债。
Trading desks would estimate the maximum possible loss on risky assets, hedge it and then record the net risk as minimal, inadvertently concealing huge tail risks in the gross exposure.
交易部门对风险资产的最大可能损失做了估计，对之进行对冲，然后将如此计算的最小风险净值记录在案，如此这般，却将风险毛值里的巨大的长尾风险疏忽性地掩盖起来。
Experts regularly assert that crowdfunding increases exposure about a company and their product or service and, in doing so, leads to net new product sales.
专家们通常认为，通过众筹集资，公司提高了它自身和其产品、服务的曝光率，由此带动产品销量上涨。
Experts regularly assert that crowdfunding increases exposure about a company and their product or service and, in doing so, leads to net new product sales.
专家们通常认为，通过众筹集资，公司提高了它自身和其产品、服务的曝光率，由此带动产品销量上涨。
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