地位不确定是这一级债券的特征。
可转换债券是一种混合金融产品，其具有普通债券的特征、亦具备期权的特点、还有相应于标的股票的衍生特性。
Transferable bond is a mixed finance product, which has common bond's and double's character and stock's derivation.
上述市场结构与行为直接影响市场绩效，银行间债券市场流动性不足，货币市场特征明显。
The above mentioned IBBM structure and conduct influence the market performance directly, which declines the IBBM's liquidity and makes money market character more obvious.
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