First, the fault-free term structure of interest rates (TSIR) is induced by the spline function model for the samples of treasury bonds from Shanghai Stock Exchange(SSE), and its validity is verified.

选取上海证券交易所国债，基于样条函数模型推导出无违约利率期限结构，进行有效性检验；

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But when selecting systems, many enterprises misunderstand the function of CRM and require it to manage stock, sale, financial exchange.

但是由于在系统选型时，很多企业对CRM系统功能产生误解，提出通过CRM系统达到对库存、销售、财务往来的全面管理。

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There are some shortcomings in current Chinese stock exchange turnover tax: levy scope is too narrow, tax rate is too high, the function of macroscopical adjustment is invalid, and so on.

目前我国证券交易流转税存在着征税范围过窄、税率偏高、宏观调节功能缺位等缺陷。

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And for those who follow the global markets, Girard-Perregaux's watch provides a financial function that keeps track of opening and closing times on the stock exchange in New York, London, Hong Kong and Tokyo.

WSJ: World-Time Keeping Wristwatches