查询词典 underlying

Although the Company does not ensure that the CFD Quotes it provides are within any specific percentage of the underlying asset price, the Company takes into account the underlying asset price.

尽管该公司并不确保其提供的CFD报价在标的资产价格的任何特定比例内，该公司考虑标的资产价格。

This paper use five up and out warrants that have been issued in Taiwan, assuming the returns of their underlying assets follow the generalized autoregressive conditional heteroskedastic process. We can estimate their parameters by in-sample data, and simulate the price of underlying assets and also the theoretical price of the up and out warrants.

本文选取在台湾发行之五档上限型的认购权证假设其标的资产报酬率服从GARCH(1，1)模型，利用样本内的资料模拟GARCH(1，1)模型的参数，并利用估计出来的参数模拟标的资产样本外的价格以及上限型认购权证的理论价格。

The underlying uniformity on a discrete metric space is the discrete uniformity, and the underlying topology on a discrete uniform space is the discrete topology.

在

As for the underlying theory, the positive and linear relationship between the funniness of the ad and brand attitudes supports an affective mechanism underlying the impact of humor in advertising.

对于当前的研究来看，广告和品牌态度之间的正向和线性关系支持当前广告幽默的影响机制。

Firstly, we set a barrier to the underlying asset price under the assumption of common Asian options, the average period begins at the first time when the underlying price hits the barrier. We give a closed-form formula for the Asian call options price with fixed strike price in the case of continuous geometric average and in the case of discrete geometric average.

首先，在其它假设条件与一般亚式期权相同的条件下，对标的资产的价格设置了一个障碍，当标的资产的价格第一次越过障碍时，平均周期开始，得到了连续和离散两种情况下，具有固定执行价格的几何平均亚式看涨期权价格的封闭解。

Considering the difference of runoff characteristics on different underlying surface in the area of plain tidal river network, four kinds of surface is divided,namely, waters paddy field-, dry land and central urbanized area,and suitable method is adopted separately in each surface to simulate runoff process. Xinanjiang Model usually applicable for mountain areas is introduced to river network area, furthermore, the paper researches runoff calculation of central urbanized area, the underlying surface is divided into pervious and imperviousness areas.In perviousness areas, Hoton Infiltration formula and corresponding spatial infiltration rate curve are used to establish the relationship between infiltration rate and soil moisture in order to decide the infiltration. According to practical situation.

根据平原河网区城市下垫面产汇流方式的不同，分成水面、水田、旱地、城镇四类，分别采用相对应的产流汇流计算方法，将适用于山丘区的新安江模型引入到平原河网区城市，同时对于城镇这类下垫面，从下渗角度考虑，划分成透水和不透水两种类型，根据霍顿下渗公式和下渗率空间分布曲线，建立下渗率和土壤含水量的关系，进而研制出城镇透水面的产流计算方法，城镇汇流根据实际情况可结合城市管道排水计算。

In the Civil Law Family,the collateral guarantor'srights of defense mainly are related to the invalidity of the underlying contract,the revocability of the underlying contract,the right of offset,the concurrentconditions,"Einrede der Unsicherkei",the invalidity of the guarantee contract.the period of validity,the special terms of immunity from the guarantor's liabilityand beneficiam excussionis.Under the case law of the Common Law Family,thesituations in which the collateral guarantor can claim the rights of defense mainlyinclude the situation of non-fulfillment of the guarantee condition,the situationrelated to the extent of guarantor's liability,the situation under which the creditordidn't perform his obligations,the situation related to the appropriation ofpayments,the situations related to fulfillment of purpose of guarantee,thesituation related to the creditor's laches,the situation related to the loss ofsecurities held by the creditor,the situation related to the discharge of theprincipal debtor,the situation related to the creditor connivance in the default ofthe principal,the situation related to the discharge arising by operation of law andthe situation related to the fiduciary duty.

大陆法系中，从属保证人对债权人的抗辩权主要有：主债务无效抗辩权、主债务可撤销抗辩权、抵销抗辩权、同时履行抗辩权、不安抗辩权、保证合同无效抗辩权、保证期间抗辩权、特殊免责抗辩权以及先诉抗辩权等；根据英美法系国家的判例法，从属保证人能够主张抗辩权的情形主要有：保证责任条件不成就的抗辩、关于保证责任范围的抗辩、债权人不履行义务的抗辩、关于债务清偿分配的抗辩、保证目的已实现的抗辩、关于债权人懈怠的抗辩、关于债权人享有的担保权益丧失的抗辩、债务人的债务免除抗辩、债权人对债务人违约纵容的抗辩、法律适用导致保证责任解除的抗辩、就信托义务原则提出的抗辩。

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. 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.

对实物资产的特殊价值分布问题，本文从决定资产价格的市场机制、信息到达方式及市场效率三方面来分析实物资产的价格变动特征；并重点研究当基本资产遵循纯跳跃Poisson过程、跳跃扩散Merton过程及均值回复过程时的实物期权定价问题，运用复制定价和随机动态规划方法，得到确定实物期权价值和风险对冲策略的偏微分方程。

Basing on the results of examining the impact on price, liquidity and volatility of underlying stocks after warrant issuance, the paper concludes that:(1) the issuances of warrant has the temporary positive effects on the underlying stocks" price and the positive effects happen on the introduction day but not on the listing day.(2) The issuance of the warrants causes the underlying stocks" trading volume and amount increases and heighten their liquidity.(3) The issuance of the warrants has no impact on the system risk-β, but decreases the total risk and volatility of underlying stocks.

本文最后通过综合认购权证和认股权证发行前后标的股票价格，流动性和波动性的变化结果后，认为：(1)认股权证的发行对标的股票的价格有短暂地正的价格效应，而这种对标的股票正的价格效应发生在认股权证公告日而非上市日；(2)认股权证的发行促使标的股票的交易量和交易额的增加，提高了标的股票的流动性；(3)认股权证的发行对标的股票的系统风险即β值没有影响，但能降低标的股票的整体风险，减小标的股票的波动性。

Chapter Two illustrates the nature of the international guarantee.At first,the writer analyses the meaning of collateral nature and its theoretical basis.Thewriter points out that in order to reinforce the protection of the guarantor'sinterest,the guarantee is located as collateral guarantee in all countries'traditional legislation.In other words,the validity of the guarantee contract isdetermined by the underlying contract,i.e.if the underlying contract isestablished,the guarantee contract is established,too;if the underlying contract isvalid,and the guarantee contract is valid too.It is true,otherwise.But thedoctrine of autonomy of private law dominates the civil law and commercial lawin all the countries,so the parties are permitted to alter the collateral nature of theguarantee by an agreement under the related laws worldwide.so the collateralnature of the guarantee is not the compulsory nature of the law.This lays a solidfoundation for the emerging of the independent guarantee.The writer thenanalyses the meaning of independence and the cause of the booming of theindependent guarantee.In fact,the independent guarantee was originated fromthe change of the collateral nature by the parties contract.As a result,the validityof the contract of independent guarantee is not determined by the underlyingcontract as the collateral guarantee,But the validity of the independent guaranteecontract is independent from the underlying contract,the establishment and thevalidity of the contract of independent guarantee are not subjected to theunderlying contract.

第二章对国际信用担保的法律属性进行了论述，首先分析了从属性的含义及其理论基础，指出虽然各国传统立法为了加强对保证人利益的保护，都将信用担保定位于从属保证，即保证合同的效力取决于主合同的效力，主合同成立，保证合同也成立，主合同生效，保证合同也生效；主合同不成立，保证合同也不成立，主合同不生效，保证合同也不生效，但是由于私法自治的精神主导着各国的民商法领域，各国立法都允许当事人通过合同约定对信用担保的从属性进行改变，所以保证的从属性从来就不是信用担保制度的法律强制属性，这也为独立保证制度的出现奠定了制度前提；其次分析了独立性的含义以及独立保证兴起的原因，独立保证实际上就是当事人通过合同约定对保证从属性的改变，使独立保证合同的效力不再象从属保证合同的效力那样取决于主合同的效力，而是使独立保证合同的效力独立于主合同的效力，独立保证合同成立不因主合同的不成立而受影响，也不因主合同的无效而无效。

I didn't watch TV last night, because it .

昨晚我没有看电视，因为电视机坏了。

Since this year, in a lot of villages of Beijing, TV of elevator liquid crystal was removed.

今年以来，在北京的很多小区里，电梯液晶电视被撤了下来。