They normally have no effect on a firm's overall leverage: the borrowed cash and the obligation to repurchase the collateral balance each other out.
通常,回购对一家公司的总体财务杠杆没有影响,因为借来的现金资产与回购抵押品的债务是相互抵消的。
It is in a bank manager's interest to say his assets have low risk, because it enables the bank to maximize leverage and return on equity, which in turn can lead to bigger pay and bonuses.
声称资产风险低符合银行高管的利益,因为这样银行就能实现杠杆率和净资产回报率最大化,进而提高高管的报酬和分红。
Sandler is thought to have made a tidy profit on securities it bought for a discount in the crisis, although its upside is limited by a refusal to leverage its balance-sheet.
尽管上面受到账面平衡的限制,人们认为桑德勒在其于经济危机中以折扣价购买的证券上收益良多。
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