They perform the function of substitute money and are known as' instruments of credit '.

它们起着货币代替物的作用，被称为‘信用工具’。

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Banks would be urged to slow down the supply of credit CARDS and other credit instruments.

银行也会被要求减少信用卡以及其它信用产品的发放。

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The days of easy pickings for hedge funds and their sponsor Banks which traded credit-derivative insurance and other exotic debt instruments are over.

那些对信用衍生品保险和其他别出心裁债务工具做交易的对冲基金及其担保银行不费吹灰之力就能大捞一笔的日子一去不复还了。

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Such an overly simplistic conclusion implies that Treasuries exist in a vacuum, without taking into consideration fund flows between asset classes and between instruments of different credit quality.

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And if a lack of liquidity is the problem in some credit instruments, the Fed's direct purchase of those assets should contribute to a credit thaw.

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Now, the obvious concern here is that it would also be in the interest of all bankers to try to correlate the default probabilities of their credit instruments so that they all default together and thus trigger the guarantee.

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