所以，现在你知道两个基本的证券：拥有权和借款，也就是常说的股票和债券。
So, you now know about the two basic securities: equity and debt, better known as stocks and bonds.
经济衰退期间，加拿大银行削减了其基准利率(至0.25%)，注入了额外的流动资产，买下了全部的抵押借款有价证券。
During the recession the Bank of Canada cut its benchmark interest rate (to 0.25%), injected extra liquidity and bought up mortgage-backed securities.
6月8日以来，葡萄牙10年期借款成本一直在10%或以上，而类似存续期的希腊证券收益率为22.84%。
Portugal's 10-year borrowing costs have been 10% or higher since June 8, while Greek securities of similar maturities yield 22.84%.
以按揭证券形式为投资者收回还款(借款的人还的款)？
Which collect payments for investors in mortgage-backed securities?
假如投资者的收益一定，要发行证券的话，借款者偿付的利率应为6.85%，比当前的利率水平整整高出一个百分点。
To place a new issue, given the yields demanded by investors, the interest rate payable by borrowers must be 6.85%, a full percentage point higher than current levels.
证券化使得银行那个从市场中借款。
于是出于困境中的银行，现在银行的问题在于，他们持有自己买的，证券化按揭贷款，而房屋持有者却，对抵押借款拖欠。
Troubled Banks then who have this the problem Banks have now is they have these securitized mortgages that they've bought and the homeowners are defaulting on the mortgages now.
计算机技术使债权人可以使用标准化的信用评分方法；来自证券化的风险分摊，也使得向资信较差的借款人授信变得更安全。
Computers enabled lenders to use standardised credit scores, and the risk-spreading from securitisation made it safer to lend to less creditworthy borrowers.
美国国际集团指控美国银行向其兜售低风险不良抵押贷款证券，不良抵押贷款即次级抵押贷款【不知理解的对否】是指向信用程度较差和收入不高的借款人提供的贷款。
American International Group lodged a lawsuit against Bank of America, claiming BofA sold it low-risk securities backed by "defective" mortgages given to low-income borrowers.
德意志银行的Richard Parkus认为如果商业地产借款人不能大幅增加偿还资金，在美国发行的所有商业抵押担保证券的70%将无法用于再融资。
Richard Parkus, of Deutsche Bank, thinks that 70% of all CMBS issued recently in America will not be able to refinance without a big increase in the capital that borrowers stump up.
信贷评级机构Realpoint表示，在过去的12个月里已有近290亿美元，约占整体的3.5%的商业抵押担保证券贷款成为拖欠账款（借款人没有按时交纳利息）。
Realpoint, a credit-rating agency, says that nearly $29 billion of CMBSs, around 3.5% of the total, have become delinquent (ie, borrowers have not kept up interest payments) in the past 12 months.
比起安然丑闻发生后才开始调查，马塞诸塞的证券监管部门已经要求瑞银集团和Bear Stearns递交他们覆盖次优贷款借款人的研究细节。
Rather as after Enron, the securities regulator in Massachusetts has demanded that UBS and Bear Stearns hand over internal details of their research coverage of subprime lenders.
最近全球债券市场上私营公司发行债券的势头趋于看涨，这是因为银行和公司借款者(corporate borrowers)之间产生“脱媒现象”(disintermediation)或者叫“逆中介化现象”(即指资金需要者采取发行证券而不是采取向金融机构借款的方式筹措资金)。
The markets are seeing a rising trend of securities being issued by private companies, a result of the disintermediation between the banks and corporate borrowers.
投资者可以通过保证金从经纪人或银行借款来购买证券。
Margin allows investors to buy securities with money borrowed from brokers or Banks.
他们不用证券交易商作为中介人而是直接与投资者打交道，可以连续不断地借款。
They deal directly with the investor rather than using a securities dealer as an intermediary and borrow continuously.
最狠的一招是，受华尔街银行对抵押贷款证券无境止的需求的驱动，抵押贷款经纪人篡改规定，让次贷借款者签署“骗子贷款”文件。
At the sharp end, mortgage brokers bent the rules to get subprime borrowers to sign "liars' loan" documents, encouraged by the insatiable demand from Wall Street banks for mortgage securities.
他们的研究显示，信贷泡沫破灭之前，雷曼兄弟（Lehman Brothers）和贝尔斯登（Bear Stearns）等美国证券交易商的短期借款曾经出现爆发式增长。
Their work shows that the credit bust was preceded by an explosion of short-term borrowing by U. S. securities dealers such as Lehman Brothers and Bear Stearns.
借款人将证券卖给投资者并同意于约定日期以约定价格再赎回该证券，从而为投资者提供回报。
The borrower sells a security to the investor and agrees to repurchase it at a specific date and a pre-agreed price so that the investor could get the benefit.
本部分首先对住房抵押贷款证券化进行了界定，然后分析了其对银行、借款人、投资者的功能，重点是对银行风险的防范和控制。
The section begins with a definition on the MBS and go on to analyze its functions to banks, obligors and investors with focus on the prevention and control of bank' s risks.
里昂证券的一名股票经济人aashishAgarwal说他并不是太担心借款者一下子无法支付利息。
Aashish Agarwal of CLSA, a broker, says he is not too worried about borrowers suddenly being unable to afford interest payments.
MBS定价的关键是准确预测证券各期现金流，其依据是对住房抵押贷款借款人提前还款行为的研究。
For MBS valuation, it is critical to forecast cash flows based on research into borrowers 'prepayment models.
MBS定价的关键是准确预测证券各期现金流，其依据是对住房抵押贷款借款人提前还款行为的研究。
For MBS valuation, it is critical to forecast cash flows based on research into borrowers 'prepayment models.
应用推荐