担保证券

机构投资者再度热衷于银行参与贷款、盟约亮点公司债券、具有国外背景的资产担保证券（asset-backedsecurity）以及各种形式的商业房地产。

Institutional investors are keen again on bank loan participations , covenant-light corporate debt , exotic asset-backed securities , and all manner of commercial real estate .

grantcapital将避开难以出手的资产担保证券和高杠杆率（正是这些金融工具导致了peloton的垮台），坚持走自由式全球宏观对冲基金（globalmacrohedgefund）路线。

Grant capital will avoid the hard-to-sell asset-backed securities and heavy leverage that proved the downfall of peloton and stick to the freewheeling global macro hedge fund style now coming back into fashion .

目前国外比较成熟而且规范的证券是资产担保证券（ABS）和资产抵押证券（MBS）。

Currently there two kinds of mature and normative securities in foreign countries : ABS and MBS .

欧洲央行已经宣布，将与欧洲投资银行（EuropeanInvestmentBank）合作制定措施，通过重振资产担保证券市场来拓宽中小企业的融资渠道。

The ECB has already announced that it is working with the European Investment Bank to devise ways of broadening access to financing for SMEs by reviving a market for asset-backed securities .

抵押贷款担保证券被分切成担保债务，然后做成抵押贷款凭证（cdo）的平方。

Mortgage-backed securities were sliced into collateralised debt obligations and then into CDOs squared .

人们对持续存在的抵押贷款违约和房价下降的担忧，正在打压抵押担保证券（mortgage-backedsecurities）与基于这些证券的衍生产品的价格。

The fear of continued mortgage defaults and house price declines is depressing the prices of mortgage-backed securities and of the derivative products based on them .

住房抵押担保证券（CMO）的连续支付结构分析

Analysis of continuous payment structure of collateralized mortgage obligation Bond and Life

按照担保证券权益的资产性质划分，资产证券化产品可分为抵押支持证券（MBS）和资产支持证券（ABS）两大类。

In accordance with the nature of the asset-backed securities , securitization products can be divided into mortgage-backed securities ( MBS ) and asset-backed securities ( ABS ) .

贝尔斯登（bearstearns）的倒闭促使美联储采取措施，允许投资银行抵押投资级证券，包括抵押担保证券（mortgage-backedsecurities），以获得低利率的现金贷款。

The Fed initiative , spurred by the collapse of Bear Stearns , allows investment banks to pledge investment-grade securities , including mortgage-backed securities , in return for low-interest cash loans .

两周以前，德意志银行（DeutscheBank）、瑞银证券（UBS）以及LadderCapital等机构投资者，私下里为瓜分一笔价值220亿美元的商业抵押贷款担保证券交易，而争得难解难分。

Just last week , institutional investors scrambled to get a piece of a $ 2.2 billion private CMBS deal led by Deutsche Bank ( DB ) with UBS ( UBS ) and ladder capital .

从明天开始，预计华尔街投资银行将纷纷公布强劲的第二季度业绩，原因是股权资本市场、咨询和资产管理带来的收入，抵消了抵押担保证券（mortgage-backedSecurities）发行减少的影响。

Wall Street investment banks are expected to report strong second-quarter earnings starting tomorrow , as equity capital markets , advisory and asset management revenues offset a decline in mortgage-backed securities issuance .

凯雷集团（CarlyleGroup）昨日承认，未能挽救旗下陷入困境的220亿美元抵押贷款担保证券基金。该高杠杆投资基金在阿姆斯特丹的泛欧交易所（Euronext）上市尚不满8个月。

The Carlyle Group yesterday admitted that it had failed to save its troubled $ 22bn mortgage-backed securities fund less than eight months after floating the heavily leveraged vehicle on Euronext Amsterdam .

因为在最近几年，各银行不只是收购次级抵押贷款，它们还将这些贷款重新打包成难以估值的“资产担保证券”（abs）。

For in recent years , banks have not simply been acquiring subprime loans , they have been repackaging them into complex " asset-backed securities " ( ABS ) that can be difficult to value .

庞大的美国次级抵押贷款担保证券市场昨日陷入动荡，因为贷款人出售从贝尔斯登（BearStearns）旗下两家对冲基金查扣的资产，价值逾10亿美元。这两家对冲基金在次级抵押贷款方面损失惨重。

The giant market for securities backed by US subprime mortgages was thrown into turmoil yesterday as lenders sold more than $ 1bn of assets seized from two Bear Stearns hedge funds that suffered heavy losses on subprime bets .

另外，这些债券然后又被用来创造出更为复杂的多元化债务担保证券，即债务抵押证券（cdo）。

Moreover , these bonds have then been used to create even more complex securities backed by diversified pools of debt , known as collateralised debt obligations ( CDOs ) .

由于经济开始好转，银行也更愿意放贷，商业抵押借款担保证券（CMBS）市场也随之回暖。

As the economy improves , and banks become more willing to lend , the market for commercial mortgage-backed securities is also warming up .

本公司出具证券持有人名册时，将“xx证券公司客户信用交易担保证券账户”作为证券持有人列示在证券持有人名册上。

The company shall , when issuing the list of security holders , record " the guaranteed securities account for credit trading of clients of XX securities company " in the list of security holders as the holder of securities .

中国第二大银行中国银行（BoC）昨日对投资者表示，该行持有近100亿美元美国次级抵押贷款担保证券，金额位居亚洲各银行之首。

Bank of China , the country 's second biggest lender , told investors yesterday that it held nearly $ 10bn of securities backed by US subprime mortgages , the most of any bank in Asia .

她还表示，结构性产品的评级方法，是惠誉最明确且公开定义的评级方法之一。结构性产品包括抵押担保证券和债务抵押证券（CDO）。

She also says rating methods for structured products – a class that includes mortgage-backed securities and collateralised debt obligations , or CDOs – are among the agency 's most clearly and publicly defined .

美联储上周宣布发起qe3，即新一轮并且是无上限的资产购买计划，将购入抵押贷款担保证券，并承诺将一直推行这项政策，直至美国劳动力市场状况好转。

The Fed announced last week that it would begin a new programme of unlimited purchases of mortgage-backed securities nicknamed qe3 and promised to keep it going until the labour market improved .

中国银行（BoC）表示，尽管该行在相关领域遭受亏损，但依然支持进一步发展中国新生的资产担保证券市场。在亚洲的银行中，中国银行受美国次贷危机的影响最大。

Bank of China , which had the biggest exposure to the US subprime crisis among Asian banks , said it was in favour of expanding China 's nascent market for asset-backed securities despite suffering losses from such holdings .

因此，我国住房抵押贷款在实行证券化时可以选择抵押担保证券（CMO）。这将为我国住房抵押贷款二级市场的建立创造充分的条件。

So collateralized mortgage obligation ( CMO ) can be the first choice when house mortgage securities are applied in China , since it will create positive conditions for building the secondary market of mortgage in China .

例如，在上世纪90年代，许多人相信认为，由于投资者损失亏损和各种丑闻，抵押担保证券（cmo）市场已经近于消亡，但它得以新的形式复兴。

Back in the 1990s , for example , many thought that the collateralised mortgage obligation market was almost dead as a result of investor losses and scandals , but it was revived in a new form .

美国银行Wachovia表示，中国在美国抵押贷款市场和资产担保证券的投资逾2500亿美元，但除了大约100亿美元以外，全部投资于信贷评级较高的机构和有机构担保的证券。

China has more than $ 250bn invested in mortgage and asset-backed securities in the US – but all apart from about $ 10bn of this money is in highly rated agency and agency-backed securities , says Wachovia , the US bank .

首先，解决抵押担保证券市场中的流动性问题。

First , address illiquidity in the market for mortgage-backed securities .

它也将直接购买企业的按揭担保证券。

And it will buy their mortgage-backed securities directly itself .

抵押贷款担保证券，终于“解禁”？

Mortgage-backed security , a dirty word no longer ?

那么，抵押担保证券市场的情况如何呢？

And what of the market for mortgage-backed securities ?

该公司斥资1.09亿美元，从其基金手中购买出现问题的资产担保证券。

It put in $ 109m to buy troubled asset-backed securities from its funds .

自8月份以来，美国资产担保证券的发行工作已经中断。

US asset-backed issuance has collapsed since August .