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。
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.
在法国,即欧洲最大的家禽生产国,估计受灾农民在三个月内(在2006年1月至3月间)损失了40%的收入。
In France, the leading European poultry producer, it is estimated that farmers affected by the crisis lost 40 percent of their income in three months (between January and March 2006).
保险公司在保险费定价时,需要估计保险损失费,特别是保险损失费的最大可能值。
In pricing the premium, insurance companies need to estimate insurance loss, especially its maximum value.
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