證券隔分 的英文怎麼說
中文拼音 [zhèngquàngéfēn]
證券隔分
英文
segregation of securities-
Thirdly, the unique techniques, such as asset packaging, true sale, bankruptcy - remote, credit enhancement, reduces the financing risk
3 .企業資產證券化特有的風險隔離機制和信用增級技術，保證了企業融資與企業整體信用風險相分離，降低了企業融資風險。Asset securitization is one of the most important financial innovations in the international finance field in recent several decades. its most core device is the mechanism of risk - remote, the special purpose vehicle ( spv ) is the core medium of asset securitization, through which securitization realizes bankruptcy - remote
資產證券化是近幾十年來國際金融領域中最重要的一種金融創新，其最核心之處是風險隔離機制的設計，而特殊目的機構（ spv ）作為證券化的中介和核心機構，充分發揮著「破產隔離」的重要作用。Nothing in these conditions shall require the bank or the nominee to segregate the securities held to the credit of the custodian accounts from securities held by the bank or the nominee for the account of another customer
此等條件並不規定本行或代理公司需將保管人賬戶之證券與本行或代理公司為另一客戶持有之證券分隔。The nature of asset securitization is a structural financing instrument applying for the main purpose of realize, transfer and ensure the future cash flow of the original asserts. building and operating of the special purpose vehical ( spv ) share those risks accompanying returns produced in the course of financing within all the participants. such result is achieved by three - core technology named as " real sell ", " bankrupt protect ", and " credit increase "
文章首先對資產證券化的含義做了理論界定，然後對資產證券化融資的構造原理進行了剖析，指出這種融資創新的實質是：以實現、轉移、保障原始資產的未來現金流為根本目的，通過創造性地構建特殊目的結構spv ，並以此為依託巧妙地實現原始資產的「真實銷售」 、 「破產隔離」 、和「信用提高」 ，從而將整個融資過程的風險和收益有效分攤給所有參與者，最終得以發行風險較小、信用級別較高、融資成本較低的資產支持證券abs的結構性融資方式。Segregation of securities
證券隔分1618 website adopts multiplayer insulation technology such as firewall and serial communication insulation. thus it provides enough security
金典證券網採用多層隔離技術，防火墻實現ip包過濾、串口隔離技術屏蔽了基於ip協議的通信，充分保證了數據傳輸的安全。To use the experience of other countries and districts for reference, i thorough analyze the possibility of establish the spv under the china current law, tax and accounting circumstances, subsequently bring up the most viable native spv modes, and try to find out the breakthrough of developing asset securitization in china
本文簡要描述資產證券化的運營過程，繼而重點介紹spv隔離破產風險的原理，並借鑒國外的實踐經驗，深入分析在中國現行法律、稅收和會計制度約束下設立spv的可能性，進而提出最可行的設立模式，試圖找出在中國開展資產證券化的突破口。To structure a successful securitization transaction, the sponsor should design out more complicated contracts to scatter the risks and interests on the expected cash flow of the underlying assets and transfer the asset to a spe to isolate the risk of transferred assets from other assets
一項成功的資產證券化交易，發起人需要設計出各種復雜的合約來分散被轉讓資產未來現金流上的風險和收益，同時將該資產轉讓給一個特殊目的實體，使該資產上的風險與發起人其他資產上的風險相隔離。In 1989, the government began to regulate the financial market, enacting a series of laws and regulations, setting up supervisory institutions such as ssc and isc and managing banking, security, insurance and trust sectors separately. the separated management of financial system has been basically shaped in 1998
我國從1989年開始對金融市場進行整頓，通過制訂一系列法律法規，成立了證監會、保監會等監管機構，對銀行業、證券業、保險業、信託業實行分隔管理，至1998年基本確立了我國的分業管理金融體制。Then, the dissertation researches how to operate receivables securitization in china, including some aspects as follows : how to realize ture sale and away from bankruptcy of receivables, how to price receivables, obstacles in the course of credit enhancing and evaluation, giving some effective measures to solve these obstacles, putting forward accounting principle, analysing tax problems and giving material measures keeping away risks which are faced in receivables securitization, etc. finally, this dissertation studies one case, and gives referrible model for practising receivables securitization in our country
其次，本文對實施應收賬款證券化進行了實務研究，主要包括：應收賬款的真實出售和破產隔離的實現以及如何對應收賬款進行估價、在我國進行信用增級和信用評級的障礙以及解決措施、提出了對應收賬款證券化進行會計處理的確認和計量原則、分析了交易的稅務處理問題、對應收賬款證券化交易進行了風險分析並提出了具體的風險防範措施等。The possibility of conflict of interest is addressed or dismissed by claims that the independence of investment analysts is ensured by the presence of " chinese walls "
對于利益沖突的問題，有些人認為把證券分析與銷售部門明確分隔，已可確保投資分析員的獨立性。In this dissertation, the development, the theoretical system, the steps of operation and the financing characteristics of as were detailed overall firstly, and then its theoretical system was concluded as a central principle - the analysis of flowing fund and three basic principles - asset reform, bankruptcy remote and credit enhancement. and it was pointed out that as is a new off - balanced financing instrument with low cost and a more advanced financing technique than direct financing
並把資產證券化的理論體系概括為：一個核心原理? ?現金流分析原理，三個基本原理? ?資產重組原理、風險隔離原理和信用增級原理，指出它是一種低成本、非負債性的表外融資工具，是一種比直接融資更加先進的融資技術。Facing the tide of asset securitization, financial theory researchers were also created many theories to develop and improve the practice of asset securitization in succession. at the moment, it was formed a rigorous theory system of asset securitization, which was with the analysis of asset cash flow at the core and with asset rebuilding, risk segregating and credit promoting as principals
面對熱潮湧動的資產證券化浪潮，金融理論研究者也紛紛創造出眾多理論來發展和完善資產證券化業務，逐漸形成了目前以資產現金流分析為核心，以資產重組、風險隔離和信用增級三大原理為支柱的資產證券化理論體系，資產證券化業務的基本運作程序也日臻成熟與完善。The focus of asset securitization lies in the separation and restructuring of the risks and gains in loans for more efficient valuation and reallotment with the purpose of benefiting all parties. due to the difference in the underlying assets, asset securitization can be divided into mortgage - backed securitization ( mbs ) and asset - backed securitization ( abs )
同時，資產證券化在其發展過程中，已經形成了自身一套完整的理論體系，其中現金流分析和資產重組，風險隔離，信用增級三個原理是貫穿整個資產證券化過程的基礎。On the basis of analysis of reciprocity between asset securitization and law system, referring to the experience of asset securitization in developed countries such as america, it makes a systemic discussion on the pith of asset securitization - special purpose vehicle, bankruptcy - remote theory, the law effectiveness of asset - transferring, law system of credit - enhancement and credit - evaluation and law contents of securitization products
本部分在分析了資產證券化與法律制度之間互動作用的基礎上，借鑒美國等發達國家的資產證券化經驗，對資產證券化結構的核心? ?特殊目的實體的法律構造、破產隔離法律機制、資產轉移的法律效力、信用增級、評級法律制度和證券化交易產品的法律內容進行了系統闡述。分享友人