抵押支持證券 的英文怎麼說

中文拼音 [dǐyāzhīchízhèngquàn]
抵押支持證券 英文
asset-backed security
  • 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...
  • 支 : Ⅰ名詞1 （分支; 支派） branch; offshoot 2 （地支） the twelve earthly branches3 （姓氏） a surname...
  • 持 : 動詞1 （拿著; 握著） hold; grasp 2 （持有; 保持） keep; hold 3 （支持; 保持） support; maintain 4...
  • 證 : Ⅰ動詞（證明） prove; verify; demonstrate Ⅱ名詞1 （證據） evidence; proof; testimony; witness 2 （...
  • 抵押 : mortgage; hold in pledge; hypothecate; pledge; impawn; collateralize; collateral; pawn
  • 支持 : 1. （勉強維持） sustain; hold out; bear 2. （給予鼓勵或贊助） support; back; stand by
  • 證券 : bond; security; negotiable securities
  1. Asset securities include mortgage pass - through securities, mortgage - backed securities, pay - through securities and strip mortgage / collateral securities

    資產證券的種類主要有轉遞證券、資產支持債券、轉付證券、剝離式抵押擔保證券。
  2. Now there is a large body of academic and industry research on the establishment of mortgage - backed securities ( mbs ) market, much of which involves introduction of various types of mbs such as mortgage pass - through securities ( mpts ), mortgage pay - through bonds ( mptbs ), mortgage - backed bonds ( mbbs ), collateralized mortgage obligations ( cmos ) and so on

    目前，學術界和本行業實踐者們對我國發展mbs市場這一課題進行了廣泛的研究，其中，很大一部分研究是圍繞住房抵押貸款支持證券的品種設計展開的，這些品種包括過手證券、轉付證券、抵押貸款支持債券以及抵押擔保證券（ cmos ）等。
  3. 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。
  4. Chapter three analyses the suitable pricing model of our country ' s mbs, and by studying secular trend and fluctuation of risk free interest rate and the term structure of interest rate of national debt, i propose an option model based on floating interest rate mbs which will be issued in our country. next, cash flow current value method is used to carry out the empirical test

    第三章分析了適合我國住房抵押支持證券的定價模型，通過研究我國無風險利率長期趨勢值、波動性以及國債利率期限結構，提出我國發行浮動利率抵押支持證券的期權定價模型，並應用現金流現值定價法對我國發行固定利率住房抵押傳遞證券的定價進行實例分析。
  5. 3. feasibility analysis of mbs the paper introduces and explains the theory of mbs and analysis the feasibility of mbs in china from many aspects, such as system, laws, financial environment, the situation of housing markets, macroeconomic effect, etc. the reform of land - using system provides mbs system pre - requisite ; the interrelated laws offer the law guarantee for mbs ; the issue of " security act " indicates that the security market of china is being normalized, and the developing prospect of finance in china brings mbs effective support ; the dilemma between the surplus and the shortage of commercial housing gives mbs an important turning point ; the macroeconomic effect of mbs is that it accelerates the economy, reduces the pressure of currency inflation, dissolves the operating risks of finance organs and makes the finance system operate steadily

    三、我國住房抵押證券化的可行性分析本文從住房抵押貨款證券化（ mbs ）的理論分析入手，結合我國住房抵押貸款的發展狀況，分別從制度、法律保障、金融環境、住房市場現狀、宏觀經濟效應等幾方面論述了mbs在我國的可行性：土地使用制度改革為實施mbs提供了制度前提；配套法律制度為實施mbs提供了法律保障； 《證券法》的正式出臺，標志著我國證券市場走向規范，我國良好的金融業發展前景為mbs提供了有效的支持；現階段住房市場的有效供給與有效需求雙重約束的矛盾存在，為證券化實施提供了重要契機； mbs的宏觀經濟效應在於拉動國內需求，促進經濟增長，減輕通貨膨脹壓力，化解金融機構經營風險，保持金融體系穩定運行。
  6. This paper, using the experience of the typical nation and region about housing mortgage securitization, joining together the realistic condition in our country, putting forward the strategy of developing housing mortgage securitization in our country now. the article is divided into four parts : part one : introduce the related theories about the housing mortgage securitization, including the content of housing mortgage securitization, the participants, concrete operation procedure, the financial tool, and point out the realistic meaning that our country promote. part two : analyze the background and the motive that world housing mortgage securitization, choose the typical model nation and region such as the united states, canada, hong kong to proceed the comparison, and get some experiences and apocalypses from it

    文章分為四個部分：第一部分：首先對住房抵押貸款證券化的內涵、涉及的參與者、具體運作程序以及使用的金融工具等與住房抵押貸款證券化相關的理論進行了介紹，其中著重對抵押貸款傳遞證券、抵押貸款支持債券、抵押貸款轉付債券、抵押擔保證券等目前國外規模較大的四種住房抵押貸款證券進行了較詳細的介紹，然後指出我國目前推行住房抵押貸款證券化無論是從商業銀行和投資者等微觀主體的角度還是從住房產業和資本市場的發展等宏觀角度來看都具有非常重要的現實意義。
  7. Chapter one of this paper presents the basic concept of mbs and its characteristics

    本文第一章闡述住房抵押支持證券的基本內涵。
  8. There is also another way in which owners of mortgage - backed securities could be hurt

    還有一個可能讓抵押支持證券持有者受打擊的方面。
  9. But one of the emphases for mortgage - backed securities ( mbs ) to be exchanged is to price them appropriately

    但住房抵押支持證券投入交易的一個重點就是對其做出恰當的定價。
  10. Chapter four puts forward the policy suggestion in terms of problems perplexing the pricing of our country ' s mbs

    第四章從我國住房抵押支持證券的定價中面臨的各種問題，提出政策建議。
  11. Denmark ' s approach allows mortgage - backed securities to be standardised into large pools, which makes them more liquid and attracts investors

    丹麥模式使房產抵押支持證券可以標準化，組成龐大的資產池，這即增加了證券的流動性，也增加了對投資者吸引力。
  12. For example, the case coded nc 2005 - he 4 of credit suisse first boston is a good case. offering amount is 400 million, and have 16 trenches and cap and swap in the structure

    根據國外的研究，大部分的資產支持證券和住房貸款抵押支持證券採用浮動利率，信用評級為aaa級且久期（ duration ）較短。
  13. Even the design is comprehensive ; client will have more structure to fit their requirement. in the past few years, as lack of professional staff and limitation of law

    不同類型的資產支持證券和住房貸款抵押支持證券有不同的特點，所採用的結構也不盡相同，其目的就是為了設計出具有不同期限結構和
  14. It is the basis of oas to construct zero coupon yield curve and define interest rate term factors model. the key of oas is to select a kind of interest rate scenario simulation and evaluation methodology fitting abs / mbs

    其中，零息票收益曲線的構造和利率期限因素模型的定義是期權調整利差法的基礎；選擇適合資產抵押支持證券的利率情景模擬技術和估價技術是其關鍵。
  15. By the way of quantitative and qualitative analysis, this paper presents some pricing models suitable to our country s mbs, and then makes some advice for the securitisation of the home mortgage of our country from perspective of pricing

    本文通過定量與定性相結合的方法研究適合我國住房抵押支持證券的定價模型，進而從定價角度對我國的住房抵押貸款的證券化提出建議。
  16. Practicing this regime requires certain pre - conditions such as the scale of mortgage loans, a brisk stock market, a huge group of investors as well as a number of intermediary service institutions including credit rating corporations, insurance companies, law firms and accounting firms. in china, the securitization of housing - mortgaged loans has become heatedly discused topic recently. in our country, initiate innovations are needed for the market potentiality of real estate, explosive expand in house requirement, further improvement in house market and to develop and reinforce the housing finance, and so mortgage - backed securities provided a ideal tool for resolving the problem for those

    所謂房地產抵押貸款證券化，就是將房地產抵押貸款債權轉化為房地產抵押證券的過程，具體而言，也就是金融機構將其持有的若干房地產抵押貸款依其期限、利率、還款方式進行匯集重組，形成一系列房地產抵押貸款資產池（資產組合） ，再將該組合出售給從事抵押貸款證券化業務的特殊目的機構（ spv ） ，通過擔保機構擔保實現信用升級后，經信用評級機構評級，由證券承銷商將信用級別較高（通常為aaa或aa級）的抵押貸款支持債券出售給投資者的一種證券化模式。
  17. Chapter two firstly presents the general process of financial risk management and interest risk measurement methodology simply. to follow, it deeply analyzes the new methodology calculating effective duration and convexity of abs / mbs, which is option - adjusted spread ( oas )

    第二章對金融風險管理的一般過程與利率風險度量方法作簡要介紹后，深入分析了計量資產抵押支持證券利率敏感性指標的新方法? ?期權調整利差法。
  18. In the other hand, the first abs product offered by cdb and the first mbs product offered by ccb are deliveries in the inter - bank bond market in china in december 2005. it represent that asset securitizing become realize in china financial market

    所以我們有必要通過對比現有的國外資產支持證券和住房貸款抵押支持證券產品的結構和特點，權衡利弊，找出適合我國國情的結構化的資產支持類產品。
  19. Asset - backed securities ( abs ) mortgage - backed securities ( mbs ) are the fastest growing structure financial instrument of the global financial market. there are numerous products of abs ; many assets are securitized in us financial market

    資產支持證券（ asset - backedsecurities ， abs ）和住房貸款抵押支持證券（ mortgage - backedsecurities ， mbs ）是最近十幾年國際金融市場發展很快的一種結構性金融產品，是一種新型的衍生金融產品。
  20. In 2004, abs and mbs rated deals totaling $ 1. 7 trillion dollars, which constituted over 7. 5 % of total fixed income market. in the one hand, with the dramatic growth of international commercial trading, foreign currency asset have grown significantly in recent years. beside the simple derivative tools like : option, future, swap, the more effective financial instrument is need to protect against investment risk for foreign currency asset

    廣義上的資產支持證券包括的種類很多，現在美國大部份的缺乏流動性的金融資產都實現了證券化，這種新型的金融工具已經在國際金融市場上得到廣泛的應用， 2004年在美國的資產支持證券和住房貸款抵押支持證券交易總額已經達到3 . 4萬億美元，佔美國固定收益證券市場的份額為14 . 5 % 。
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