我们的付款条件是30天信用期,而非60天信用期,这是惯例。
Our terms of payment are 30-day credit period, not 60-day credit. It's customary.
至少,这是市场的看法,这是根据如果借款人违约而需要支付的信用违约掉期的价格而得出的结论(见图表)。
That at any rate is the market view, according to the price of a credit-default swap which pays out if the borrower defaults (see chart).
一些人估计通过电子方式产生的信用违约掉期接近万亿美元,而它们都没有正式文件证明而且难于理解。
By some estimates close to a trillion dollars in credit default swaps out there were created electronically and are now undocumented and little understood.
不久前,BBC公司播放了一期关于使用信用卡的节目。
Not long ago the BBC transmitted a programme about credit-card use.
只有少量的数据与将我们的目标公司 (Agrium Inc.)引用为命名实体的信用违约掉期相关。
Only a small amount of data relates to credit default swaps that reference our target company (Agrium Inc.) as the named entity.
该应用程序的一个方面可能需要获得关于信用违约掉期交易中引用的公司的当前市场数据。
One aspect of this application might need to obtain current market data about the firms referenced in credit default swap trades.
此外,信用违约掉期和债券的价格往往一起移动,而不是一个驱使另一个的价格。
Moreover, CDS and bond prices have tended to move together, rather than one driving the other.
还有一个具有讽刺意味的是,放宽“自愿性”减记的措施,可能使他们已经破坏了信用违约的调期市场。
Another irony is by playing loose with the "voluntary" nature of haircut, they may have undermined the credit default swaps market.
我们使用与清单3中相同的查询来从DB2获得信用违约掉期,所以这里不再重复它。
We use the same query as in Listing 3 to obtain credit default swap from DB2, so we won't repeat it here.
更重要的是,摩根大通是柜台交易衍生品市场的巨头,在信用违约掉期业务上长期处于霸主地位。
More importantly, it is a giant in the over-the-counter derivatives market, and number one by a long way in credit-default swaps.
国内某些市场已受到惊吓。这个国家的信用违约掉期表明到了2015年委内瑞拉拖欠债务的可能性起码有50%。
Some in the markets have taken fright, too: the country's credit-default swaps imply a 50% chance of default by 2015.
这场信心危机的最显著表现,以及巨量金钱下注的筹码之一,是市场中的信用违约掉期(CDS)合约。
The most obvious manifestation of this crisis of confidence, and one on which large sums of money are already being wagered, is in the market for credit-default swaps (CDS).
自从市场崩溃,信用违约掉期的发行少了很多。
Since the market collapsed, far fewer credit-default swaps have been issued.
就跟住在烟火制造厂家附近的居民要多付房屋保险一样,当国债发行人的资金状况日益恶化情况下,信用违约掉期也会变得更贵。
Just as house insurance will cost more for those living next to a fireworks factory, a CDS becomes more expensive when the finances of the bond issuer deteriorate (see chart).
主权信用违约掉期通常用美元计价(美国债务的信用掉期除外,为欧元计价)。所以,外汇风险的加入会把情况搞得更加复杂。
Sovereign CDSs also tend be priced in dollars-except for swaps on America's debt, which are priced in euros-so currency risk blurs things too.
对于公司的信用违约掉期而言,在申明该公司发生了违约事件并赔付补偿金之前,对其债务偿付都有一段宽限期。
A corporation generally has a grace period on its debt payments before a credit event is declared and protection is paid off.
巴克莱估算,单单在葡萄牙信用违约掉期的交易量就超过现金债券交易量的10%。
Barclays calculates that only in Portugal are CDS trading volumes bigger than 10% of cash-bond volumes.
尽管信用违约掉期市场的交易员更相信希腊会进行债务重组,但是这周希腊否认他们有这种计划。
GREECE denied that it was planning to restructure its debt this week (see Economics focus), even as traders in the credit-default-swaps market made bigger bets that it would.
信用违约掉期并非金融衍生品耻辱柱上的唯一成员。
CDSs are not the only members of the derivatives hall of shame.
大多数信用卡的确认期是60天,而借记卡的期限是30天或者更少。
For most credit CARDS, it's 60 days, and for debit CARDS the limit can be 30 days or less.
信用违约调期市场的相对流动性欠缺可能使其遭致很多误读。
The illiquidity of the CDS market means it can be prone to misinterpretation.
他的信用违约掉期交易每天都从交易对手方那里获得回报,晚上鲍尔森可以酣睡,而包括主要投行在内的他的那些交易对手方却损失惨重。
His CDS trades were paid off by his trading partners on a daily basis, allowing Mr.Paulson to sleep at night as trading partners, including leading investment Banks, faltered.
巴菲特的拥护者认为,信用违约掉期和期权都会随着时间推移逐渐带来回报。
Mr. Buffett's defenders argue that both the CDS and options will pay off over time.
如果希腊不再支付赔偿金额,那么信用违约掉期合同出现一些较大的损失(合同另一方获得较大收益)也是常情。
It is reasonable to suppose that there would be some large losses (and some large gains) on CDS contracts if Greece stopped paying its bills.
如果希腊不再支付赔偿金额,那么信用违约掉期合同出现一些较大的损失(合同另一方获得较大收益)也是常情。
It is reasonable to suppose that there would be some large losses (and some large gains) on CDS contracts if Greece stopped paying its bills.
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