如果一国用其来保持本国货币的估值偏低，那就是一件坏事。但如果该国货币正处于升值过程中，资本控制或许能够为上述目标上道保险。
If it does so to preserve an undervalued currency, that's bad, but if the currency is appreciating maybe capital controls can serve that safety valve purpose mentioned above.
这些国债30%的估值折扣将购销各银行一级资本总额的四分之一。
A 30% haircut on this debt would wipe out a quarter of their tier-one capital.
由于新型债券的功效，即能在两个有着不同触发点下的两部分资金（即调整风险可控资本和在核心资本比率下降时债券的作用）需要之时发挥它的作用，这就使得对债券的估值需要更加精确。
The terms of the new bonds, which will convert into equity in two tranches with different trigger points, will make them fiddly to value.
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