在证券化过程里，证券发起人务必更多地披露关于贷款池的信息，而且自身必须持有该产品的一定数量。

In securitisation, originators will have to disclose more information about loan pools and hold a slice of their products.

youdao

的确，在一段时间，证券化的热潮让银行在教科书中的原始作用变得多余。

For a while, indeed, the securitisation boom made the old textbook role of Banks seem somewhat redundant.

youdao

对于交易风险暴露的资本金的计算将建立在压力市场条件的基础上，证券化风险暴露的保证金将有大幅度提高。

Capital calculations for trading exposures will be based on stressed market conditions, and the charges for securitization exposures will be increased substantially.

youdao

So there's a panic in the market for securitized mortgages - and the price is often very low or if it's they're very hard to market and hard to sell.

所以，在市场上,证券化按揭贷款引起了恐慌,并且价格通常很低或者说如果它,他们很那出售而且对市场不利。

耶鲁公开课 - 金融市场课程节选

These mortgages were given out to people that couldn't afford them and today you have what you call subprime mortgages--subprime paper They issued against this paper stuff called mortgage-backed security. They securitized them and these things are all floating around now.

我们发放这些抵押贷款给那些买不起房子的人,所以现在你们看到了一种你们叫做,次级抵押贷款的金融工具--次贷票据,他们把这种票据叫做,有抵押证券，他们把有抵押证券证券化,这些证券现在在市场上被多次交易，广为流通。

耶鲁公开课 - 金融市场课程节选