Looking from the backgrounds of public-private partnerships, the relationship between the third person and the agency is the civil contract bond.
从公私合作的背景来看,第三人与行政机关之间是民事合同关系。
For the T-bond contract, any Treasure bond that has at least 15 years to the nearest call date or to maturity (if non-callable) can be used for delivery.
对于国债期货,任何距最近的赎回日或到期日(假如不可赎回)长达至少15年的国债可用于交割。
A CDS is just a contract between a buyer, who pays a premium, and a seller, who will make a payment to the buyer if a bond default occurs.
CDS只是一份合同,买家支付保费,卖家在出现债券违约时向买家支付本息。
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