“巨灾债券(catastrophe bond)”是最早的奇异资产(exotic assets)之一。 巨灾债券为保险公司赔付地震或飓风损失时提供资金支持。

One of the earliest exotic assets was the catastrophe bond, the provision of back-up capital to insurance companies dealing with earthquakes or hurricanes.

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2008年以来我国遭受了数次地震灾害，给国民经济造成了巨大损失，关于巨灾风险分担的讨论也不断增加。

Several serious earthquakes since 2008 have inflicted great losses to our national economy, and academic researches and discussions on risk sharing of catastrophes increased consequently.

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农业自然风险具有巨灾特性，一旦发生，损失程度严重且覆盖面广。

Agricultural and natural catastrophe risks are characteristics, because of loss and the level of serious coverage.

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