underlying assets 中文意思是什麼
underlying assets
解釋
基礎資產- 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。
- assets : （資產）：企業所擁有的資源。
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Securitization of bank assets refers to combined management and investment activities in which commercial banks, by making use of the legally representable nature of their credit assets and other claimable credits, put certain assets into asset - pools, issue asset - backed securities backed by the assets in the pools in order to transform the illiquid credit assets into cash assets. then the asset - backed securities are entrusted. upon the expiration of the securities ’ terms, the underlying assets are realized to repay the principals and interests of the securities
銀行資產證券化是商業銀行利用信貸資產和其他可主張的債權在法律上可被代表的特性，以確定的財產進入資產池為擔保發行資產支持證券，將沉澱的信貸資產變為現金資產，然後將該證券委以信託增值，在證券期滿時，變現擔保財產償還證券本息的一種組合經營和投資活動。 -
The explanations include the legal problems about the underlying assets, the setting up and operating of spv, the bankruptcy - remote and the publishing of the securities
主要包括基礎資產的法律問題、 spv組建及運作的法律問題、有關破產隔離的法律問題及發行證券過程中會遇到的法律問題。 -
Article 15 for the purposes of this chapter, the term " underlying assets " of securities lending transactions refers to those securities eligible for margin purchases and short sales, and such other securities as may be approved by the competent authority
第15條本章所稱有價證券借貸交易標的，系指得為融資融券交易之有價證券或其他經主管機關核準之有價證券。 -
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。 -
Since the project profits, the underlying assets, could become negative, a strategy of dividing the profits into the price and the cost is adopted to reduce the three uncertain factors to two. and then the stochastic partial differential equation is derived to satisfy the real options price that is induced by two underlying assets
針對項目收益即標的資產不滿足恆正的問題，提出價格與成本分離的對策，把三種不確定因素簡化成兩種不確定因素，進而推導出源於兩種標的資產的實物期權價格所滿足的隨機偏微分方程。 -
It also studies the problem of real option pricing when the underlying assets follow the pure jump poisson, mixed jump - diffusion merton and mean - reversion model, and obtains the price formula or partial differential equation to price and hedge the real option. when the value of real option can not separate from the value of project, or the uncertainties are endogenous to real option holder, it is difficult to pricing the real option by the ways of no - arbitrage. in this paper we present a approach named valuation with comparison, its basic point is to value the project or program with flexibility by means of decision tree analysis ( dta ) and stochastic dynamic programming ( sdp ), and the results are compared with that of non - flexibility, finally,
當實物期權的價值不能從項目價值中分離出來，或者影響基本資產價格的不確定性內生於期權的持有者時，此時實物期權的價值一般難以直接利用無套利方法得到，本文通過對現有文獻進行歸納，提出一種比較定價法，其基本要點是利用決策樹、動態規劃法或二叉樹模型等技術來確定嵌有柔性的項目或方案的價值，然後將其與沒有柔性的項目或方案進行比較，從而獲得各種柔性的價值，作為這種方法的一個應用，本文研究了柔性勞動合約的設計與定價問題，研究表明，對企業重要員工採用長期勞動合約，而對一般員工採用短期合約可以節約勞動力使用成本。 -
Performance of both components of the underlying assets are positive ; and
兩個組合成分均錄得正增長;及 -
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。 -
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。 -
As for the issues of non - traded assets, applying the approach of stochastic dynamic programming, and under the principle of no - arbitrage, we obtain optimal strategy to hedge the real option in discrete and continuous conditions. and to the problems of special distribution of underlying assets, this paper analyzes the price movement of the underlying assets from the arrival of information, the market efficiency and the market mechanism which decide the price
對實物資產的特殊價值分佈問題，本文從決定資產價格的市場機制、信息到達方式及市場效率三方面來分析實物資產的價格變動特徵；並重點研究當基本資產遵循純跳躍poisson過程、跳躍擴散merton過程及均值回復過程時的實物期權定價問題，運用復制定價和隨機動態規劃方法，得到確定實物期權價值和風險對沖策略的偏微分方程。 -
Compared with the finance option, what the real option valuation face are the main problems as follow : the underlying assets can not be traded ; the value distribution does not follow gbm ; and the uncertainties are endogenous
與金融期權相比，實物期權定價面臨的主要問題是基本資產的非交易性；資產價格分佈不遵循幾何布朗運動；以及不確定性來源的內生性等問題。 -
Chapter five studies the option pricing of several underlying assets " maximum
第五章是服從跳?擴散過程的多種資產最大值的期權定價。 -
In several recent cases ? such as oil and chinese stocks ? etf prices have drifted from those of the underlying assets
最近關于石油和中國股票事例表明，基金價格已經偏離了相關股票的價值。 -
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。 -
The basic models of option pricing are introduced in chapter two. chapter three, four and five study option pricing with the underlying assets price obeying jump - diffusion processes
第二章是關于期權定價的基本模型；第三、四、五章是關于標的資產的價格服從跳?擴散過程的期權定價。 -
This was understood to reflect an underlying demand for hong kong dollar assets, particularly equities, and some uncertainty in the market about the strategy the hkma would follow after the convergence of the convertibility undertakings on 12 august, which had encouraged some banks to reduce their us dollar positions
月份首個星期負息差更擴闊至歷史性水平，反映對港元資產尤其是對股票的潛在需求，以及市場對金管局繼兩個兌換保證匯率在 -
That means the guarantee will not apply and holders of the fund are fully exposed to fluctuations in the value of the assets of the underlying fund. for addition information, please refer to the explanatory memorandum of the bea ( mpf ) master trust scheme
這表示保證不會適用，而基金持有人將完全受到構成該基礎基金之資產的波動所影響，如須更多有關資料，請參閱有關的銷售說明書。 -
By combining, the chicago exchanges, to be named the cme group, will have average daily trading volume of close to nine million contracts a day, representing $ 4. 2 trillion in notional value, or the amount of the underlying assets, not the value of the contracts themselves
通過合併芝加哥交易所，稱為cme集團（芝加哥商業交易所） ，每日平均交易量接近九百萬合同，此代表的是4萬2千億的名義價值或標的資產金額，而非合同本身價值。 -
As a special industry which operates currency capital, bank industry itself is a high risk one. as china c. b during the turn - rail period, for the country ' s planning economy to market - economy transition is underway, its resourses allocation relies on from fiscal department to bank. the risks of state - owned enterprises are financialized. in addition to many factors such as system, policy and so on, commercial bank system has accumulated huge risk, for one direct and realistic expression is a huge sum of undesirable assets. these underlying risks hinder the development of c. b itself seriously and weaken its competitive capability, what is more is that it has obstructed economic continuing and fast development, perhaps even, arouse serious economic crisis. so, it is a pressing and important problem that how we obliterate existing risk and prevent potertial risk. but the solution of problem is usually based on recognizing it correctly. therefore, the stressing point of the thesis lies in analyzing actuality, cause and survey of c. b risk during turn rail period
銀行業作為經營貨幣資金的特殊行業，其本身就是一個高風險的行業，在我國現階段由於社會資源分配由財政依賴轉向銀行依賴，國有企業的風險金融化，加上體制和政策方面的諸多因素的作用，商業銀行系統積累了巨大的風險，最後直接而實際的表現即是巨額的不良資產。它是銀行其他風險最終表現為信用風險后的物化載體。這些潛在的風險一是嚴重的妨礙了商業銀行本身的發展，削弱了其競爭力；更為嚴重的是它阻礙了經濟的持續快速發展，甚至有可能引起嚴重的經濟危機。 -
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。
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