财务经理可以找到以实物资产为基础的期权——实物期权,和以公司发行的证券为基础的期权。
Financial managers find options lurking in real assets-that is, real options-and in the securities the firms may issue.
理论上,这样使得担保人的利益和公司发行证券的利益联系起来。
In theory this would align the interests of underwriters with the companies on whose behalf they issue securities.
摩根·斯坦利美邦不仅提供了一个庞大的销售平台——例如,公司最近为通用汽车率领发行证券——而且也是一个有用的存款来源。
Morgan Stanley Smith Barney (MSSB) not only provides a huge distribution platform-for instance, the firm recently led a stock offering for General motors-but is also a useful source of deposits.
A pure investment bank is not a depository institution and it's also--a pure investment bank is not a broker- dealer either.
一个真正的投行不是一个储蓄机构,当然一个真正的投行也不是证券公司-,或者发行公司。
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