underlying bonds 中文意思是什麼

underlying bonds 解釋
高級債券
  • underlying : adj. 1. 在下的，下層的。2. 基礎的。3. 隱晦的；潛在的。4. 【法律】（債券）優先的；【經濟學】第一的，（擔保、權利等）主要的。
  • bonds : 邦茲
  1. However, small investors will still benefit from the mechanism, since it will help mitigate the risk of a prolonged deviation of the trading prices of fund units from the market value of the underlying bonds

    盡管小投資者不會直接參與實物交易，但由於這機制可減低基金單位的成交價長期偏離相關債券市值的風險，因此他們仍可受惠。
  2. It is intended that the underlying investments made will be on a diversified basis. up to 40 per cent of its portfolio will be indirectly invested in equities and equity - related investments, with the remainder of the assets being indirectly invested in bonds, deposits and other investments as permitted under the mpf schemes regulation

    穩健基金旗下的投資項目將作分散投資，旗下投資組合最多40 %間接投資于股票及與股票有關的投資，其餘資產則間接投資于債券存款及強積金計劃規例準許的其他投資。
  3. Generally, the holders of the convertible bonds have two major rights : 1, they can receive a fixed cash flow during the term of conversion because the convertible bonds belong to the fixed income bonds ; 2, they can stop the fixed cash flow during the term of conversion and convert the bonds to underlying stock asset according to the formerly stipulated items and price, for the convertible bonds also belong to the affiliations of the securities

    一般的，可轉換債券持有人具有兩項主要的權利：一是作為固定收益證券，在轉債存續期內收到固定的現金流收入；二是作為股票衍生產品，在轉換期內終止固定的現金流收入，按照預先規定的品種和價格將債券轉為標的股票資產。
  4. The bonds are callable, to reflect the prepayment risk of the underlying mortgages

    該債券是可贖回的，反映了相應的抵押貸款的提前還款風險。
  5. Cds contracts allow investors to take on credit risk without buying the underlying bonds

    Cds合約投資者不一定要購買債券本身卻承擔該信貸風險。
  6. In addition, since the underlying benchmark index will have a monthly rebalancing procedure to include new issuances and exclude bonds approaching maturity, the average yield of the fund will adjust towards the prevailing market yields over time

    同時，相關基準指數會每月調整一次，加入新發行的債券，以及剔除快將到期的債券，這樣基金的平均收益率便會逐步調整至貼近當前市場收益率的水平。
  7. Its mortgages must be financed through the issuing of bonds that adhere to the “ balance principle ” : the maturity and cashflows of the bonds must match those of the underlying loans almost perfectly

    其房產抵押貸款必須遵守「平衡原則」 ，通過發行債券來融資：債券到期的現金流出必須和同期房貸還款的現金流入幾乎完全吻合。
  8. Abs differ from most other kinds of bonds in that their creditworthiness ( which is at the triple - a level for more than 90 % of outstanding issues ) derives from sources other than the paying ability of the originator of the underlying assets

    資產支持型證券與其它大多數債券的不同之處在於它們的信用價值（發行流通中的90以上信用評級為3a級）並不取決于標的資產初始持有人的償付能力。
  9. For instance, the indices can be adopted by private sector fund managers as benchmark indices for their fixed income products. derivative products can also be structured around these indices, generating additional liquidity and trading activity to the underlying bonds

    例如，私營部門基金經理可利用這些指數來作為它們定息產品的基準指數，或根據這些指數來組合發展衍生工具產品，從而促進相關債券的流通量及買賣活動。
  10. Because abs are secured by underlying assets, they offer significant protection against event - risk downgrades, particularly in contrast to corporate bonds

    由於資產支持型證券得到標的資產的保證，從而提供了針對事件風險而引起的評級下降的保護措施，與公司債券相比，這點更顯而易見。
  11. More broadly, the in - kind mechanism also helps generate trading activities of the underlying bonds, thereby adding liquidity to the underlying bond market

    此外，實物機制亦能促進相關債券的買賣，從而提高相關債券在市場的流動性。
  12. The trading price of the paif and other funds may rise or fall according to the demand and supply of the units of the funds in the market, while the net asset value of the funds may fluctuate in tandem with price movements of the underlying bonds

    沛富基金及其他基金的成交價會因應基金單位的市場供求情況而升跌，基金資產凈值亦會跟隨相關債券的價格變化而波動。
  13. The trading price of a bond etf may rise or fall according to the demand and supply of the units of the fund on the stock exchange, while the net asset value of the fund may fluctuate in tandem with price movements of the underlying bonds

    債券交易所買賣基金的成交價會因應基金單位在交易所的供求而上升或下跌，基金的資產凈值亦會隨?相關債券的價格變動而有所波動。
  14. One set of securities, known as an equity tranche, pays the highest returns but is the first to suffer if the underlying bonds default ; other securities offer a much lower yield but a triple - a credit rating, because a lot of defaults would be needed to trigger losses

    其中一套被稱為「平等分額」可享受最高回報，但同時，如果優先債券欠債，這種債券也將首先遭受損失；其他一些債券，雖為3a級，但收益較低，因為引起損失的是大量的欠債。
  15. The in - kind transaction mechanism works in the following way : when the trading price of the fund units is higher than the net asset value of the underlying bonds, investors will have an incentive to purchase the underlying bonds and exchange the bonds for units of the fund, and then sell the units on the stock exchange, and vice versa

    實物交易機制的運作方式如下：若基金單位的成交價高於相關債券的資產凈值，便會吸引投資者買入相關債券，並以有關債券換取基金單位，然後在交易所出售其基金單位，反之亦然。這種套戥機制有助確保基金單位的成交價貼近其資產凈值。
  16. For instance, when an investor buys units of the paif, the fund manager will then use the money received from the investor to purchase bonds in the eight underlying markets in asia

    例如，當投資者買入沛富基金的單位時，基金經理便會將有關資金用作買入亞洲8個相關市場的債券。
分享友人
分享到 Line

分享到臉書