为了支持货币市场基金，商业票据和有资产担保的证券需要满足某些严苛条件，例如其他人不得参与。

Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate.

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机构投资者再度热衷于银行参与贷款、盟约亮点公司债券、具有国外背景的资产担保证券(asset - backed security)以及各种形式的商业房地产。

Institutional investors are keen again on bank loan participations, covenant-light corporate debt, exotic asset-backed securities, and all manner of commercial real estate.

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CDO以次级抵押贷款债券、商业抵押贷款证券和其他资产作为担保。

These securities are collateralized debt obligations backed by subprime-mortgage bonds, commercial-mortgage loans and other assets.

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An SIV is a company of a sort that invests in assets and they issue something like asset-backed commercial paper, but it's not a real company because it only exists as an organization sponsored by some bank.

IV类似从事资产投资的公司,同时也发行类似资产担保商业票据的证券,但它不是一家真正的公司,因为它只是由某家银行建立的一个组织

耶鲁公开课 - 金融市场课程节选