discount paper 中文意思是什麼
discount paper
解釋
貼現票據-
The key tasks of this paper mainly include : ( 1 ) puting forward the emphases and difficulties of enterprise m & a decision, and holding that decision - makers should make decision according to the principle of value creation ; ( 2 ) setting up estimation model of value creation in m & a, including synergy effect model, m & a transaction and evaluation model, m & a net income model, etc. ; ( 3 ) explaining the application of virous valuation method and discussing how to choose proper valuation method in m & a decision ; ( 4 ) studying the valuation of synergy effect after calculating the independet value of both enterprises respectively before m & a and the combined enterprise after m & a by discount cash flow method ; ( 5 ) studying the valuation of the target enterprise ' s expected value, in which general target enterprises are valuated with several kinds of valuation techniques while high - tech target enterprises are valuated by option pricing model
在研究過程中，本文試圖運用價值評估技術，在並購決策中確立一套較為完整的價值分析方法，以使決策者有效的判斷並購能否創造價值，從而作出正確的並購決策。本文的核心工作主要包括： （ 1 ）提出了企業並購決策的重點與難點，認為決策者應根據價值創造原則進行並購決策。 （ 2 ）建立了並購創造價值的估測模型，具體包括協同效應模型、並購交易估價模型和並購凈收益模型。 -
In order to choice the appraisal approach ? iscount cash flow model that it is look as a perfect and abreast on the theory and practice, in addition, the paper give a minute description about the two main element ? ash flow and the discount ratio of the model. so can know how to apply the model further in new high technology enterprise, of course, any theory including cash flow model is comparative when looked as perfect and the best theory, this approach has many difficult point also when use the model appraise the value of new high technology
本文從高新技術企業特點及評估特性入手，闡述了傳統價值評估方法和國際上提出的一種新思路在高新技術企業中的應用利弊，從而選擇了目前比較完整、具有理論意義的評估方法? ?折現現金流量模型，對高新技術企業進行價值評估，並對這個模型的兩大基本要素?現金流量和折現率進行了詳盡的分析，以便更明確如何在高新技術企業中運用此模型。當然，任何理論說其比較完整、具有理論意義都是相對而言的，折現現金流量模型也不例外，採用折現現金流量法評估高新技術企業也存在著難點，此論文對其進行了探討，並對傳統評估方法和新思路加以結合，使高新技術企業價值能更好的得到體現。 -
The paper also analyzed the characteristics of legal relation of bill discount
該文還分析了票據貼現的法律關系特徵。 -
This paper analyzes the discount rate and operation cost in economic evaluation, and proposes the value taking method of the discount rate and determination method for the economic limit in different water cut conditions in the later stage of oilfield development basing on the break - even equilibrium principle
摘要通過對經濟評價中的折現率及操作成本等經濟參數的詳細分析，從資金的保值及盈虧平衡原理入手，分別提出了開發下限的折現率取值方法及油田生產後期不同含水條件下的經濟極限確定方法。 -
But because of the fungibility between specified instruments and exchange fund bills and notes, a loophole existed in that there was a possibility that holders of specified instruments could create additional exchange fund paper without the normal backing arrangements for discounting at the discount window
但由於指定債務工具與外匯基金票據及債券之間的互換安排，因此存在一個漏洞，就是指定債務工具的持有人可產生額外的外匯基金票據及債券沒有正常的支持安排，以用作在貼現窗借取流動資金。 -
In the view of valuation practice, the author discusses how to apply dcf models for valuation of non - listed companies more effectively. this paper especially probes into two problems in the valuation of non - listed companies in china, one is to measure the discount ratio of the expecting cash flows, and the other is the estimation of valuation discount for the lack of marketability
本文主要是從評估實踐的角度，探討如何更有效地運用貼現現金流模型對非上市公司的股權價值進行評估，重點討論了我國非上市公司股權價值評估中貼現率及股權缺乏流動性的價格折扣的估算。 -
The main aim of the refinements was to correct significant distortions arising out of an accounting practice of including interest earned on discount paper mainly us treasury bills in revaluation gains or losses
改進的主要目的是修正因會計方法而把貼現票據主要是美國國庫券賺取的利息包括在重估收益或虧損內所引起的明顯曲解情況。 -
Given that the exchange fund paper is in effect fully backed by foreign reserves, the hkma is prepared to allow for greater access by licensed banks to day end liquidity through repos at the discount window using the paper
由於外匯基金債券票據事實上是得到外匯儲備十足支持的，所以金管局打算讓持牌銀行可以更多利用外匯基金債券票據經貼現窗以回購協議形式取得日終流動資金。 -
The base rate is the interest rate that we charge licensed banks when they come to the discount window operated by us, with exchange fund paper, at the end of the day when they find themselves short of liquidity
日終結算時，有需要的銀行可憑外匯基金票據及債券作為抵押，向貼現窗借取流動資金以作周轉。換言之，基本利率才是名符其實的本港利率指標。 -
This thesis takes the process of the futures delivery as the object of the research, analyzes and investigates the physical delivery system. firstly the thesis introduces the connotation, status and functions of the futures delivery in the futures market, and then makes a deep research in the futures delivery systems concerned such as the designing of the grade of the listed commodity at par as well as the premium and discount, the selection of the delivery locations and the regulation on the designated delivery warehouses, as well as the management and circulation of the warehouse receipts. on the basis of the above - mentioned analysis, this paper makes some constructive suggestions and recommendations on the improvement and innovation of the futures delivery to be taken by the chinese futures market at the present stage
本文首先闡明了期貨交割在期貨市場中的經濟內涵、樞紐地位和功能保障作用；然後，從合約設計出發，用均衡原理揭示了期貨交割制度與品種活躍和風險控制的有機關系；進而，對比中外交割制度，通過比較，認清了中外現貨基礎、誠信和法制等環境因素的差距，明白了「拿來」的內容和如何構建中國特色的交割制度；從而，就小麥國家標準的歷史局限性，標準和替代交割品級及其升貼水的設計原則，交割標準把握的出發點和落腳點，交割倉庫設置和管理的目標和狀況，標準倉單沾滯的根源等期貨市場交割制度及相關規定，進行了深入而細致的剖析。 -
Introducing the new parameter - discount rate of the unsold products by the end of renewing process, this paper deals with the problem that how to determine the optimal output of the high - tech products during the renewing process in which the first and second generation products are simultaneously produced under the assumption of stochastic demand
摘要在隨機需求下，對更新換代期的新老兩代高科技產品的生產規模決策進行分析，引入新的參數更新換代期結束時剩餘產品的貼現率，建立了確定新老產品最優生產規模的決策模型，得到了生產規模的最優解方程式，進而對其進行數值分析，求得企業的最大總收益。 -
Using a dcf model, this paper illustrates that if the members of the firm employ a same and constant discount factor, the total value of the firm will be independent of the compensation distribution schedule
摘要本文模型表明，若企業成員所採用的貼現因子一致且穩定，企業總價值與分配情況無關。 -
According to the theme of sustainable utilization of mineral resources, this paper points out the problems in the evaluation of mineral resources, such as the ambiguity of property rights, ineffectiveness of overall utilization of resources, and the high discount rate and comparatively low cost
從可持續利用的思路，指出現階段礦產資源開發利用中存在著產權公共化、綜合利用率低、相對成本過低而貼現率過高等不合理的狀況。 -
This paper conducted a relatively deep and systematic exploration from the following aspects : 1. the course of choosing the merger was systematically demonstrated, and 4 modes of assessing the objective agribusiness " value ( asset basement method, income method, discount cash flow method and formulary assessment ) were presented and discussed. 2
本文主要從以下幾個方面作了較深入和系統的探索： 1 、系統地論證了企業並購的選擇過程，論述企業並購重組過程中適用價值評估的四種定價模型：資產價值基礎法、收益法、貼現現金流量法和公式評估法。 -
No new issues of paper other than exchange fund paper will be accepted at the discount window
貼現窗將不會接受外匯基金債券票據以外的新發行債券。 -
The paper expatiated how to confirm and calculate these parameters such as durable years and discount rate of technical asset. there is n ' t external in profit calculation in tradition, back propagation training can avoid
傳統預測收益有相當的主觀因素，而bp神經演算法在對歷史數據訓練的基礎上直接計算出預期收益，有摒棄主觀預測的優勢。 -
Abstract : this paper gives the constant coefficient investment - consumption model under transaction costs and discusses an important property of assets discount, i. e. the asset discount function is a basic conponent of an viscosity supersolution of the variational inequality
文摘:在有交易費的常系數投資消費模型下，討論了資產折算的一個重要的基本性質，即給出了資產折算函數是變分不等式的粘性上解這一基本結果。 -
To those enterprises whose cash flows are continually negative, the cash flow discount model will fail to evaluate the enterprise value. therefore, to those enterprises that have negative cash flows but still have potential value, the paper suggests to use black - scholes option pricing model and eva model to assess them in order to remedy the defects of cash flow discount model
對于現金流量連續為負值的企業，現金流量折現模型會失效，因此論文提出對于現金流量為負值、但是仍然具有潛在價值的企業，可以利用布萊克-舒爾茨大連理工大學博士學位論文期權定價模型和eva評估模型進行評估，用以彌補現金流量折現模型的缺陷。 -
Through these analysis and conclusions of the models, the paper receives three revelations : applying the screening model to alleviate insured ' s adverse selection, employing different risk - sharing modes to deal with all sorts of insured ' s moral hazards, and replacing the current no - claims - discount mechanism in our auto insurance market with the no - claims bonus - malus mechanism
從對這些模型的分析和結論中，本文得到三個啟示：充分利用信息甄別機制降低投保人的逆向選擇程度、針對被保險人不同類型的道德風險採用不同的風險分攤方式、將我國車險現行的無賠款優待制度修正為保費獎懲制度。 -
Members noted, in particular, from the findings of the simulations provided in the paper that the discount window facility, introduced in september 1998, would have supplied a more effective buffer against the speculative pressures earlier in 1998 than did the liquidity adjustment facility then in place
尤其，委員會自文件所提供有關模擬測試的結果獲悉，在1998年9月推出的貼現窗機制對於1998年初出現的投機壓力可以提供的緩沖，比當時的流動資金調節機制提供的緩沖更為有效。
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