抵押信貸市場 的英文怎麼說

中文拼音 [dǐyāxìndàishìchǎng]
抵押信貸市場 英文
mortgage market
  • 抵 : 動詞[書面語]1. （拍） strike2. （打擊） beat3. （拋擲） throw
  • 押 : Ⅰ動詞1 （把財物交給對方作為保證） give as security; mortgage; pawn; pledge 2 （扣留） detain; tak...
  • 貸 : loan
  • 市 : 同 「黻」[fú]
  • 場 : 場Ⅰ名詞1 （平坦的空地 多用來翻曬糧食 碾軋穀物） a level open space; threshing ground 2 [方言] （...
  • 抵押 : mortgage; hold in pledge; hypothecate; pledge; impawn; collateralize; collateral; pawn
  1. Structure financial instrument includes commercial mortgage - backed securities ( cmbs ), asset - backed securities ( abs ), real estate investment trusts ( reit ), and residential mortgage - backed securities ( cmbs ). according the research report of us, most of abs and mbs is floating interest rate, and credit rate is aaa and duration is short term. also, the structure of abs and mbs are different with different client requirement of cash flow

    在美國金融市場上的結構化金融產品包括個人住房貸款抵押支持證券（ rmbs ） 、商業貸款抵押支持證券（ cmbs ） 、債務抵押債券（ cdo ）和資產支持證券（ abs ） ，而abs主要包括信用卡應收賬款支持證券（ creditcardabs ） 、汽車貸款支持證券（ autoabs ） 、學生貸款支持證券（ studentloanabs ）和家庭財產支持證券（ homeequityloanabs ）等。
  2. Thirdly, analyses the every factor that influences financial demands i. e. the interest rate, average income, expected profit and psychological consciousnesses of microscopic main part ; then through studying the factors which influenced the credit market, points out under the imperfect information condition the results of credit market equilibrium will be : causes the commercial banks to have credit ration behavior, causes the partial high venture enterprise and the few mortgage property enterprises to withdraw from the credit market

    再次，分析了影響金融需求的各個因素即利率、人均收入、預期收益和微觀主體的心理意識與金融業務發展的關聯性，並通過分析影響我國信貸市場均衡的各個因素，指出在信息不對稱條件下信貸市場的均衡使得商業銀行會產生「信貸配給」行為，同時使得部分高風險企業、抵押資產少的企業退出信貸市場。
  3. In recent years the banks of our country generally adopted rigid pledge credit rationing to small and medium - sized business with on information publication and high credit risk in order to avoid treaty violation risk caused by bad credit, and smb ' s entrance to credit market is restricted because of insufficient pledge assets

    摘要近年來我國銀行為避免企業信用狀況不良導致的違約風險問題，對信息不透明、信用風險高的中小企業普遍採取嚴格的抵押品型信貸配給，而中小企業介入信貸市場普遍受到抵押資產不足的約束。
  4. I will borrow terms as " external finance premium ", " net worth ", " coverage ratio " and " financial accelerator ", etc. to demonstrate the transmission mechanism and process of different channels in context of asymmetric information and credit market imperfections. the sizes of firms and their alternative funding sources, which may significantly influence the transmission process

    本文將借用「企業外部融資成本」 、企業可抵押資產「凈價值」 、 「利息負擔率」 、 「財務加速器」等概念，詳細闡述信息不對稱及信貸市場存在缺陷條件下各種貨幣政策傳導渠道發揮作用的機理和傳導過程，同時，強調企業規模及其外部融資渠道的多少對貨幣政策傳導的影響。
  5. From the mortgage loan of real estate to the development of the market of consumer credit, from bank trade improvement management to enterprise, extend financing channels, show the advantage of asset securitization invariably

    從房地產抵押貸款到消費信貸市場的發展，從銀行業改善經營管理到企業拓展融資渠道，無不顯示資產證券化的優勢。
  6. Credit crunch, a liquidity squeeze, a subprime meltdown ? the shape - shifting menace that has vexed the world in 2007 has been all these things

    起先是信貸市場動蕩，然後是流動性不足，最後演變成次級抵押貸款危機? ?這就是2007年令世界焦頭爛額的東西。
  7. The model of this paper explores the links between the following factors and the credit rationing in china. the change of banks " attitude to credit risk may lead to credit rationing ; banks give much more emphasis on the trade cost and the payable value of collateral, which may give rise to credit rationing ; the decreasing of asset price during economic stagnation produces credit rationing ; the bias of banks " objective function from the maximization of profit and the transformation of the function relating to the reform of the financial system cause credit rationing ; if different parts of the whole markets are not integrated, the credit in the part with low capital return ratio will be rationed. during economic recession, banks tend to ration the credit in the high - risk market ; the removing of interest ceiling will narrow down the interest spread of deposit and credit at least during a period, which may strengthen credit rationing ; meanwhile, the vulnerable borrowers, including small and middle - sized enterprises, will get more credit from banks even though they have to pay a higher interest rate

    論文的模型探討了下列因素和中國信貸配給現象之間的聯系：商業銀行對信貸風險的態度變化，在辨別和控制信貸風險上開始投入大量的成本，這一過程會導致信貸配給；商業銀行對與法治環境相關的交易成本和抵押品清償價值的日漸關注會導致信貸配給；宏觀經濟緊縮時期資產價格下降會導致信貸配給；商業銀行經營目標函數偏離利潤最大化，近幾年金融業改革過程使商業銀行目標函數發生變化，這一變化過程可能導致信貸配給；在市場分化的條件下，收益水平低的市場會遭受信貸配給；在經濟下滑時期，商業銀行尤其會對高風險市場配給信貸；利率市場化使商業銀行的存貸利差至少在一段時間內縮窄，利差縮窄可能加重信貸配給的程度：在利率市場化條件下，弱勢借款者，包括中小企業，遭受信貸配給的程度可能得到緩解，但支付的貸款利率水平將會升高。
  8. The chapter 1 of this text make brief introduction of medium and small sized enterprises developping condition in our country, combining to analysis financing predicament of medium and small sized enterprises, point expatiate the problem of medium and small sized enterprises in our country, main proceeds with two aspects of direct financing and indirect financing elucidation : the mortgage guarantee loan to medium and small sized enterprises procedure complicacy, limit numerous, financing institution business operating of mechanism system restrict the credit input to the medium and small sized enterprises ; the medium and small sized enterprises lack the channel and place to < wp = 7 > proceeding ownership of a share in direct financing, lack bond financing credit, did not become the diverse capital market and so forth of a series of problem

    本文第一章對我國中小企業發展狀況作了簡單介紹，並對我國中小企業融資困境進行了分析，重點闡述了我國中小企業融資中存在的問題，主要從間接融資和直接融資兩個方面進行說明：中小企業抵押擔保貸款程序復雜，限制繁多，金融機構商業化的經營機制制約了對中小企業的信貸投入；中小企業在直接融資中缺乏進行股權融資的渠道和場所，債券融資資信不足，未形成多樣化的資本市場等一系列問題。 < wp = 5 >本文第二章說明我國中小企業可以吸取國外的先進經驗，採取融資租賃的方式緩解中小企業融資難的問題。
  9. At first, this thesis analyzed some essential elements about the system of personal houe loan and make the compare to chinese and foreign system, and established the system of personal credit evaluate ; the second, the thesis discusses the investment technique and strategy of national debt in the provident fund, and established the model about how to invest the national debt ; the third, the thesis build the forecast model about fund collecting and drawing, and make use of the combination invest theories to build model of individual loan and national debt ; at last, the thesis analyses the risk ' s inside reason of house funds with the risk type, and to give out the related suggestion to funds risk. mechanism. the thesis research show me how to make use of that some models and methods in the process of haf management and make me deeply understand the house funds

    本文首先分析了個人住房貸款制度基本要素，即貸款期限、貸款利率與抵押物價值的比例、政府在個人住房貸款市場中的作用、貸款違約情況下的處置措施、個人住房貸款的流動性問題，並對中外製度作了比較，建立了個人信用評分評級體系和信用評估模型，並以重慶市住房公積金為研究對象做出了住房資金個貸風險評估的實證研究；其次，分析了影響國債價格走勢的因素，討論了公積金國債的投資技巧和策略，並建立了基於理論的國債投資組合模型；接下來，根據資產負債管理理論中的資金總庫法和資金分配法分析了公積金總體資金項目的來源和運用，並就此作了總量平衡模型，對住房公積金季度累計歸集金額作了直線回歸和季節趨勢比率預測，運用投資組合理論建立了公積金個人貸款和國債投資組合的最優化模型；最後，探析了住房資金風險的內在原因和風險類型，從資金籌集風險、信貸回歸風險、保險機制、法律風險和政策風險五個方面為住房資金風險防範機制建設提出了相關建議。
  10. It indicates and also analyzes the problems of housing demand, credit capital supply and exertion, management system, risk keeping away mechanism, price forming mechanism, mortgage mechanism, market environment, lag of rules and laws and disposing of mortgage goods, ( chapter 3 ) part 4, the study of market system and government system of personal purchase mortgage on the precondition of monetary housing distribution analyze the foundations of market and government during this process and the problem of market disorder and government defection

    指出了目前我國個人購房抵押貸款運行中的住房需求、信貸資金供給和運用，經營管理體制、風險防範機制、價格形成機制、抵押機制、市場環境、法規滯后、以及抵押物的評估和處置上存在許多問題並對此進行了深入地分析與探討。 （第三章）第四，對住房分配製度轉變過程中個人購房抵押貸款的市場機制與政府機制研究。分析市場與政府在個人住房抵押貸款中的作用及其市場失靈、政府缺陷的問題。
  11. Firstly, the construction of market is not perfect, and market system does n ' t work fully. secondly, even market system plays fully, it still ca n ' t distribute well of the loan currency that is market disorder. this paper manifest the different conditions of market disorder, thus, we think, on the personal mortgage loan, government system should and must load on important foundation

    研究認為市場在實現個人購房抵押貸款中發揮重要作用，但在我國目前還存在不少問題：一是市場建設不完善，市場機制未能充分發揮作用；二是即使在市場機制充分發揮的情況下依然不能實現信貸資金的優化配置，即市場夫靈：本文對其市場夫靈的多種情況進行了探討。
  12. For given price risk and liquidity risk, we find the value of interest rate and ltv maximizing creditors ' expected revenue confined by credit market structure

    對于已知抵押物價格風險和流動性風險，以信貸市場結構作為約束條件，求解出使信貸人期望利率收益最大化合同利率和貸款價值比。
  13. With the establishment of a special kind of organization - - spy ( special purpose vehicle ), bonds can be issued to the public, and then the fund corrected in this way is to be used to buy the housing - mortgaged loans granted by the banks and the capital and interests of the issued bonds will be paid back with the borrowers " payment for the loan capital and interests

    證券化最早的形式是融資證券化，即資金需求者通過在資本市場和貨幣市場上發行證券向投資者籌資的直接融資方式，這種融資證券化形成了目前傳統的證券市場。后來，隨著金融市場大量不動產抵押貸款、汽車抵押貸款、消費貸款和信用卡業務的發展，金融存款機構的資金來源不能滿足房地產抵押貸款等業務的需要。
  14. The securitization of bank assets is one of the most important innovations in the modern financial market and the securitization of home loans is an important component of that innovation. it indicates that financial organizations ( mainly commercial banks ) take the poor liquidity but good prospects in future cash earning of the home mortgage collections and turn them into secured loan groups and then take these assets sales and give them to a specific strong and credible organization, namely a spv ( special purpose " vehicle, to be used by a special purpose organization )

    銀行資產證券化是現代金融市場最重要的創新之一， 「住房貸款證券化」是它的重要組成部分，指的是金融機構（主要是商業銀行）把持有的流動性較差但具有未來現金收入流的住房抵押貸款匯集成抵押貸款群組，然後將此資產出售給特設的有實力、有信譽的機構，即spv （ specialpurposevehicle ，用於特殊目的機構） 。
  15. Part three : analyzing the obstacles of developing the housing mortgage securitization in our country now, including the our country housing mortgage scale is not enough big, insurance and guarantee mechanism is not sound and personal reputation mechanism is not perfect, the marketization of interest rate system is not completed, the development of institution investor is still not mature and the development of intermediate institution is not perfect, the system of law is not sound, the related accounting system and tax revenue system is lack and blank etc. part four : passing the analysis of the second and third part put forward the whole idea and concrete strategies in our country to develop the housing mortgage securitization

    第二部分：首先對全球住房抵押貸款證券化的發展狀況進行了簡要的介紹與分析，然後選擇對我國有借鑒意義的美國、加拿大和香港等典型國家和地區的住房抵押貸款證券化實踐進行了詳細的比較分析，並從中得出：住房抵押貸款證券化是住房抵押貸款一級市場巨大發展的必然結果：政府的支持非常重要；住房抵押貸款證券化的發展需要一定的基礎條件以及需要因地制宜等一些關鍵性的啟示。第三部分：分析了我國當前實施住房抵押貸款證券化所面臨的一些具體障礙，其中包括有我國住房抵押貸款規模不夠大、保險與擔保機制不健全、個人信用體系不完善、利率體系非市場化、機構投資者的發展還不成熟、中介服務機構發展不完善、法律法規制度不健全以及相關會計制度和稅收制度的欠缺和空白等一系列的問題。
  16. On the base of this point, the paper proposes four ways : first, the personal credit - information system should be built up ; second, government should establish the personal credit - guaranteed system ; third, liberalization of interest rate in the consumer credit market ; finally, developing the credit card ' s circulation loan function

    在此認識的基礎上，本文提出了解決抵押困境的途徑：建立政府主導型的個人信用體系，成立各省市的個人信用擔保機構，推進消費信貸利率市場化，大力發展信用卡的小額循環貸款功能。
  17. But the content of credit asset is very broad, specifically including housing mortgage loan, infrastructure project loan, auto loan, lease and trade receivable income, credit card receivable, etc. so choosing the qualified basic asset become the logic beginning of credit asset securitization naturally, that not only involves whether products of credit asset securitization can be issued on the primary market smoothly, but also relates to liquidity of the product in the secondary market and investor ’ s investment risk

    但信貸資產包含的內容很廣，具體包括住房抵押貸款、基礎設施項目貸款、汽車貸款、租賃和貿易應收收入、信用卡應收款等。因此，選擇合格的基礎資產理所當然地成為信貸資產證券化的邏輯起點，其不僅關繫到信貸資產證券化產品能否在一級市場上順利發行，也關繫到這種產品在二級市場上的流動性和投資者的投資風險。
  18. Almost 200, 000 finance professionals around the world lost their jobs in 2007 ? triple the average of the previous two years ? as the subprime mortgage and structured credit markets collapsed

    由於次級抵押貸款和結構性信貸市場崩盤， 2007年全球近20萬名金融專業人士丟掉了工作? ?相當于過去兩年平均水平的三倍。
  19. China ' s banking industry is transforming from relationship banking to price banking, which will lead banks to give more credit to the borrowers and projects with low risk and high return. as s result, the credit of vulnerable borrowers will be much more rationed. the relationship between banks and customers will be substituted with contract interests, and removing the interest cap can drive banks to compensate risk with higher interest only if the corporate governance of both banks and enterprises stays in a state of scientific check and balance

    論文探討了銀企關系、抵押品與信貸配給的關系，主要結論有：中國銀行業正在經歷從關系銀行業到價格銀行業的轉變，這一轉變將使銀行貸款向風險低、收益高的借款者或項目傾斜，弱勢借款者可能更加遭受信貸配給；只有當銀行和企業的公司治理結構都比較健全時，銀企關系才可能在很大程度上被交易合同中的利率變化所替代，也只有在這種情況下，利率市場化才能使銀行有可能用提高利率來補償貸款風險，從而一定程度降低信貸配給的程度；提高社會誠信環境，明晰產權並完善財產交易制度，有助於緩解信貸配給狀況。
  20. The development of the market of mbs has not only enlarged the capital resource of housing credit, and reduced the purchasing cost of housing, but also improved the capital structure of the financial institution, build up the capability of resisting the financial risk and promoted the co - prosperity of housing and financing industry in the western developed country

    房地產抵押貸款證券市場的發展，不僅擴大了住宅信貸的資金來源，降低居民購房的借貸成本，也改善了金融機構的資產結構，增強了抗風險能力，促進了西方發達國家住宅業與金融業的共同發展與繁榮。
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