基准地价是指在正常市场条件下，某一时点、不同土地级别、不同用途、一定年期和容积率条件下的平均价格。
The benchmark land price refers to an average price of different class at normal market, at some specific time point, in different utilization, one fixed years volume ratio.
有不同的方式来对冲尾部风险，但流行的是创造一篮子的在正常市场条件下表现不佳，但在市场暴跌的时候一飞冲天的衍生品。
There are different ways to hedge tail risk, but a popular one is to create a basket of derivatives that will perform poorly during normal market conditions but soar when markets plunge.
同时，成功依赖于银行部门对这些措施的合理且谨慎的使用，以重建正常的市场条件。
At the same time, success ultimately depends on the banking sector making appropriate and prudent use of these measures and contributing to restoring normal market conditions.
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