security bond 中文意思是什麼
security bond
解釋
保付單-
As a new financing instrument, since convertible bond came to the capital market of china, becase of its speclation and investment, it was accepted by government and companies and investors convertible bond may play an important role in broadening enterprises ' financing channels, enrich the variety of investing instruments and make our security market prosperous. csrc has issued the interrelated rules for public firms issue the convertible bonds. until the end of 2001, it has 55 firms plan to issue the the convertible bonds. but by end of 2002 only 5 firms issued the convertible bonds because of investor ' worry. but in 2003, the management strengthens the security market such as some public firms just to " fold money ", the convertible bonds become the most invest tools for the public firms refinance. only if the behavior of issuing convertible bonds is normalized our security market can tend towards a mature way, social capital can be optimized, and the public firms can also develop in an ample area. this paper base on the character of the convertible bonds
國務院證券委員會在1997年3月25日頒發了《可轉換公司債券暫行管理辦法》 ，又於2001年4月26日頒發了《上市公司發行可轉換公司債券實施辦法》關于可轉換債券的規定和條例，對上市公司發行可轉換公司債券的要求條件比配股、增發更為寬松，截止到2001年4月，有200多家上市公司夠發行可轉換債券資格，到2001年底有55家公司計劃發行可轉換債券，但受到一些上市公司通過配股、增發等「圈錢」的影響，投資者對上市公司通過發行可轉換債券再融資是不得不持審慎態度， 2002年全年僅5家公司實施了可轉換債券，共籌集資金41 . 5億元人民幣，從總體發行情況看，發行規模越來越小，利率越來越高，投資者認可程度越來越低，發行和交易狀況每況愈下。 -
Take example of float interest security or float interest bond, those are new financial tools of innovation based on traditional financial tools. they can help financial agencies to reduce interest risk in capital collection
例如，浮動利率債券或浮動利率票據，這種建築在對傳統金融工具的特徵進行重新組合基礎上的金融創新工具，就可使金融機構減少籌資的利率風險，降低成本，提高效率。 -
Bearer bond is a security payable to the holder or " bearer " when presented. no proof of ownership is required
不記名債券是一種證券，持有人憑債券收回本金及利息。不須持有人的所有權證明。 -
At the same time, made amen dements and promotions to the price equation and the conclusions. this article can be divided into four parts : the first part ( chapterl, 2 ) analyzed the transferable channel of interest and exchange rate, the principle of general price transferable system and the formation of equilibrium of transferable system of general price and the formation of equilibrium of them in the money market, capital market and foreign exchange market. the second part ( chapters, 4 ) probes transferable system of the security an bond price from theoretical and practical aspects
本文分為四個部分：第一部分（第一章，第二章）分析利率、匯率的傳導途徑，探討利率和匯率在貨幣市場、資本市場、外匯市場的一般價格傳導原理及均衡關系的形成，對mundellflemingmodel在資本流動沖擊下的模型進行了修正，並給出了開放條件下匯率和利率對證券價格（以債券為代表）產生影響的基本模型。 -
Using reinforced resin as bond which holds abrasive firmly. high security is suitable for dry or wet cutting
以強化樹脂做結合劑具高強度結合力，安全性高適用乾式或濕式切割。 -
Besides, there are great deals of other questions, which cause various kinds of mechanism of corporate governance unable to play a effective role. at the same time, the article make a deeply analysis to the reasons. finally, the article put forward some advises : reducing the state - owned stock progressively, foster the institutional investor actively, design some encouragement and restriction mechanism to a manager, reform and perfect the state assets management system, perfect regulation system and withdraw mechanism of security market and unifying the stock market progressively, set up powerful security payment mechanism of debts, strengthen restriction of creditor ' s rights of the banks, develop corporate bond financing, and so on
本文以資本結構的基本理論為起點，對各種資本結構理論觀點進行概括，並從股權和債權兩方面分析了資本結構對公司治理的作用和影響效果；通過對國有上市公司的資本結構進行實證分析，揭示了我國國有上市公司的資本結構存在股權和債權結構不合理，股權內部構成和債權內部構成不合理等諸多問題，由此導致了公司治理各種機制的有效作用無法正常發揮，使得公司治理的效應不佳，並進一步對產生這種股權和債權治理效率低下的成因進行了深層次的分析；最後從宏觀和微觀層次，提出對國有股進行有步驟的減持並逐步實現其流通、改革與完善國有資產管理體制、積極培育機構投資者、完善證券市場的法規體系和逐步統一股票市場、建立強有力的償債保障機制、設計經理人激勵約束機制、強化銀行的債權約束、發展企業債券融資等政策建議。 -
At first, if the fluctuation of venture capital value accords with wiener processes, how to achieve appraisal with black - scholes is discussed. secondly, if it doesn " t, real options could be copied by the combination of twin - security and risk - free bond
首先，討論創業企業價值波動符合維納過程的情況下，如何利用black - scholes微分方程來實現對其進行估價；其次，若創業企業價值波動不符合維納過程，就通過符合維納過程的孿生證券股票和無風險債券的組合來復制實物期權。 -
On one hand, these reforms are caused by market and economic adjustment, on the other hand, it is also the initiative exploration of the administration structure but the exploration is unsuccessful, the corresponding results include that the financial burden is heavy, and bank and the listed companies sacrifice medium and small investor ' s interests etc. because the listed company only regards security market of our country as the place to use the fund free at first, there is no comparativity between utilizing bond financing, bank loan, and other channels to raise enterprise development funds and stock financing
從上世紀80年代初期以前的財政資金供給到銀行信貸資金的供給，再到利用資本市場進行股票及債券等融資方式的出現，這些改革一方面是市場以及經濟環境的變化引起的迫不得已的調整，另一方面也是企業（或主管部門）為了提高企業效率，完善企業內部治理結構的主動探索。但從結果上來看，這些探索並不成功，相應的出現了財政負擔過重，銀行不良資產過多以及上市公司犧牲中小投資者利益，在市場上「圈錢」等現象。由於上市公司最初僅僅是把我國的證券市場當作獲取免費使用資金的場所，利用債券融資、銀行貸款等渠道籌措企業發展資金和股票融資沒有可比性。 -
4 convertible bond : security issued by corporations. it combines the features of both bond and stock, which means bondholder could convert their bonds to issue company s common stocks
4轉換公司債：乃結合債券與股票雙重性質之有價證券，持券人可依轉換條件將公司債轉換為發行公司之普通股票 -
However, our corporate bond market has been a " short leg " of china ' s security market. how to enhance the development of the corporate bond market is a critical mission to be accomplished
但我國的企業債券市場卻一直是證券市場發展的一條「短腿」 ，如何大力推進我國企業債券市場的發展已是一個亟待解決的問題。 -
In chapter3, information is divided into two basic types, the marginal equation of bond price and short - term interest variations is established, thus the security price variations and the price equilibrium of other assets ( risk security non - risk security are included ) are analyzed by the implement of portfolio theory. finally the bond value equation which takes equilibrium return as its yield parameter is established through the theory of comparative return. in chapter 4, the intra - information and the transferable system of price is emphasized and the market - maker model and expected model under non - perfect information market conditions are established, and the disaccord of the influence of extra - information and intra - information on the security price is discussed
第三章將債券的價格均衡劃分為兩大基本類型，建立了債券與短期利率變動的邊際方程，運用組合原理分析債券價格變動與其它資產（包括風險證券和無風險證券）的價格均衡關系，通過比較收益原理建立了債券以市場均衡收益為折現參數的價值方程，並通過實證檢驗了該模型的合理性；第四章，分析了內部信息與價格的傳導原理，建立了非完全信息市場條件下價格傳遞信息的做市商模型和預期模型，並討論外部信息與內部信息對股票價格影響的非一致性。 -
Security by bond
擔保契據形式的保證 -
The most important issue of security markets is the return - risk relation and the return - risk relation of bonds is reflected by the yield curve that describes the relation between yield to maturity ( return ) and years to maturity ( risk ), so yield curve is an important analytical tool which serves as the basis of analysis of the trend of interest rate and bond pricing
證券市場最重要的問題是收益?風險的關系，而國債的收益?風險關系就體現在描述到期收益率（收益） ?到期期限（風險）的國債收益率曲線上，因而國債收益率曲線是國債研究最重要的分析工具，它為分析利率走勢和進行市場定價提供了基本工具。 -
A part of a market, that relates to a place, an exchange authority, a type of security ( equity / bond / option / future ), and a list of securities with a given set of trading methods
市場的一部分，它關繫到一個場所，一種交易權利，一個類型的證券（資產，債券，期貨，期權）和一系列的交易手段。 -
Up to in december 2006, fund of an ancient name for china manages asset dimensions to exceed 65 billion yuan, there is 4 in all below the banner only enclosed fund of fund, 11 open mode ( include two indexes fund ), fund of an asia bond and fund of social security of many whole nations entrust investment combination, it is amount of domestic government fund one of fund management companies with most, the most entire breed
截至2006年12月，華夏基金治理資產規模超過650億元，旗下共有4隻封閉式基金、 11隻開放式基金（包括兩只指數型基金） 、 1隻亞洲債券基金和多個全國社保基金委託投資組合，是國內治理基金數目最多、品種最全的基金治理公司之一。
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