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The primary forms of interest rate risk to which banks are typically exposed are:(1) repricing risk, which arises from timing differences in the maturity and repricing of bank assets, liabilities and off-balance sheet positions;(2) yield curve risk , which arises from changes in the slope and shape of the yield curve;(3) basis risk, which arises from imperfect correlation in the adjustment of the rates earned and paid on different instruments with otherwise similar repricing characteristics; and (4) optionality, which arises from the expressed or implied options imbedded in many bank assets, liabilities and off-balance sheet portfolios.

银行面对的利率风险主要表现为以下几种形式:(1)再定价风险,它产生于银行资产、负债和表外业务的期限不匹配和利率调整的幅度不一致;(2)收益曲线风险,它产生于收益曲线的斜率和形状发生的变化;(3)基本点风险,与再定价风险相似,它主要来自对不同金融工具收取和支付的利率不成比率的变动;(4)选择权,它产生于银行资产、负债、表外业务中存在的或明或暗的选择权。

So-called medium-sized and small enterprises, is according to enterprise fixed assets , the annual turnover, hands in income tax and partitional enterprise employee scale one kind of enterprise shape aspiration , is to point to those fixed assets like present less than ten thousand yuan of l00O, the annual turnover teaches hundred not worth 500 people enterprise till ten million yuan of number , the enterprise employee.

所谓中小企业,是根据企业固定资产,年营业额、上交所得税和企业员工规模划分的一种企业形志,当前一般是指那些固定资产少于l00O万元,年营业额教百至数千万元,企业员工不足500人企业。

In the third chapter, we assume the expected returns of the risky and risk-free assets as well as the covariance matrix of the risky assets are not exactly known, but defined by some known elements, which form the vertices of this polytope. We consider three problems, the first one is when there exists no risk-free asset in the

第三章假设风险资产和无风险资产的收益以及风险资产的协方差矩阵不是完全确定的,其相关参数属于某个已知的凸多面体,分别在市场不存在和存在无风险资产的情况下定义了稳健最优投资组合问

Company said in published within 30 days after the announcement of listed companies according to the measures for administration of material assets reorganization and other relevant provisions, a meeting of the board of the material assets reorganization preplan deliberation, the independent financial consultants will issue a check.

公司表示,公司拟在公告刊登后30天内按照《上市公司重大资产重组管理办法》及其他相关规定,召开董事会会议审议重大资产重组预案,独立财务顾问将出具核查意见。

If the company fails to within the time limit mentioned above in the meeting of the board of directors of the material assets reorganization preplan deliberation , the shares of a company in June 2009,8 in stock trading company , and restore transactions within three months after the longer planning material assets reorganization .

若公司未能在上述期限内召开董事会审议重大资产重组预案的,公司股票将于2009年6月8日恢复交易,并且公司在股票恢复交易后3个月内不再筹划重大资产重组事项。

At last, the article indicates that there are some problems in capital management and put forward that we should improve capital management on nine facets we should change the role of government in capital management perfect law system environment of capital management , emphasis on internal recombination of enterprise , strengthen daytimeaudit and supervise in capital management to avoid profit package, strengthen adjustment of the right of assets , strengthen the role of invest bank in capital management , pay attention to recombination of immateriality assets ,emphasis on imagine package in the recombination enterprise ,call the ability of entrepreneur and so on to perfect capital management and solve some problems which enterprise confronts (1) solve the problem of poor enterprise (2) solve the problem of prepotent enterprise expansion (3) solve the problem of irrational form of recoinbinatiori enterprise (4)solve the problem of single right structure of enterprise (5)solve the problem of irrational asset collocation to induce bad effect (6)solve the problem of lack increment in development of enterprise (7)solve the problem of irrational structure so we induce enterprise to coruscate flesh vigor continually,and stock market will develop and boom continually.

最后提出了资本经营中存在的一些问题,提出要从九个方面着手改进资本经营,通过对政府在资本经营中角色的转换、健全和完善资本经营的法制环境、加强企业内部的重组、加强资本经营的审计与监督、防止利润包装、加强产权结构的调整、加强投资银行在资本经营中的作用、重视无形资产的重组、加强重组企业的形象包装和呼唤企业家才能等方面改善资本经营,解决企业经营所面临的一些问题:(1)解决劣势企业问题;(2)解决优势企业扩张问题;(3)解决企业重组形式不合理的问题;(4)解决企业产权结构一元化问题;(5)解决资源配置效益低下问题;(6)解决发展中增量不足的问题;(7)解决结构不合理的问题,这样才能使企业不断焕发出新的活力,证券市场才能不断繁荣发展。

However, the state-owned assets management system is so rigescent and backward that state-owned assets loss control on main artery and form the entire enterprise situation - enterprises controlled by their staff, and current fuzzy property right structure of enterprises distorts the government and enterprise activities.

但是,僵化落后的国有资产管理体制使得国有资产在主干失去控制,形成完全的企业&内部人控制&现象;现行的企业模糊性产权结构扭曲了政府行为和企业行为。

In this chapter, the first part is to analyze the deficiency in the supervision and administration system of China"s state assets; the second one is to depict the regulations of the allocation and balance of power in the corporate governance of China"s SOPE, those issued by the Corporation Law of the Peoples Republic of China and the Provisional Regulations of the State-owned Assets; the last to present the significant deficiency in the unclear orientation of SASAC, in the personnel decision controlled by governments and SASAC, as well as in the deprivation of the power of the board of Supervisors posterior to the deepening analysis of the systematic shortcomings.

首先分析了我国现行国有资产监督管理体制的缺陷;然后分析了现行《公司法》和《企业国有资产监督管理暂行条例》规定的国有独资公司法人治理控制权的分配与制衡机制的状况;进而对这种现行制度的缺陷进行了深入剖析,提出国资委的&特色机构&法律定位不明确、政府和国资委牢牢控制了人事权、公司内部实践中的负责制、监事会形同虚设的重大缺陷。

Then, by the supermarginal analytical methods, the author further puts forward the supermarginal strategic decision of marketized division and professional management of regional environmental assets pack, and initiatively constructs the concessionary chain contract and professional management theory of regional environmental assets pack.

总之,通过建立了区域型环境资产包的收益回报机制、区域性环境资本项目市场化融资机制、以及区域性环境资本项目融资与经营的制度基础,真正实现了区域性环境资本项目融资供给与经营的政府资本适度退出、民间资本进入、产权体系清晰的政府与民间资本有机合作模式,达到了加快补足我国环境资本历史欠帐、有效提高环境资本经营效率、以及实现区域性环境资本项目商业化资本化经营的目标。

Was founded in 1993, after reorganization of assets in 2003 as "phosphide", more than 500 million fixed assets, the existing 150 staff, of whom technical staff of more than 20, are specializing in the production of phosphate (sodium pyrophosphate, disodium hydrogen phosphate, sodium hexametaphosphate, potassium dihydrogen phosphate, disodium hydrogen phosphate, trisodium phosphate) enterprise.

河南省焦作市磷化实业有限公司(原武陟县兴璋化工有限公司)建于1993年,后经2003年资产重组为&磷化&,公司固定资产500多万,现有职工150人,其中技术人员20多名,是专业生产磷酸盐(焦磷酸钠,磷酸氢二钠,六偏磷酸钠,磷酸二氢钾,磷酸氢二钠,磷酸三钠)企业。

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But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊!不用提了。提到肉,真是糟透了。

Tristan, I have nowhere to send this letter and no reason to believe you wish to receive it.

Tristan ,我不知道把这信寄到哪里,也不知道你是否想收到它。