在抵押中

We use the approximate distribution comes from probability generating function of CreditRisk+ to value the CDO under the single sector factor and multi-sector factors scenarios. For single sector factor model, we discuss the sensitive analysis of CDO fair spread by different default probability, default correlation and loss given default. For multi-sector factors model, we exam the CDO fair spread based on different sector correlation assumption, such as Gamma distribution in moment match method, multivariate Gamma distribution and compound Gamma distribution.

本文在信用风险加成模型之下，利用机率产生函数的近似分配评价抵押债务债券，并考虑单一部门因子与多个部门因子，单一部门因子中，在不同违约机率、违约相关系数和违约损失率下，探讨抵押债务债券公平价差之敏感度分析；多个部门因子中，在不同相关性部门因子分配假设下，如动差配适法的伽玛分配、多维伽玛分配、复合伽玛分配，探讨抵押债务债券公平价差之方法结果比较。

As risk has become bewilderingly dispersed, so too has information. Nobody yet knows who will bear what losses from mortgages—because nobody can be sure what those loans are really worth. Nobody knows if tighter lending standards will oblige borrowers to raise more capital, triggering more sales in stockmarkets and more pain. Nobody knows how messy the inevitable bankruptcies will turn out to be.

风险迅速扩散，信息也迅速传播，没有人知道谁会在抵押贷款中蒙受损失——因为没有人能确定手头的贷款值多少钱；没有人知道，如果货币政策会不会紧缩，那样借款人要付更多的钱，大家会抛出股票，损失更加惨重；没有人知道不可避免的银行破产会造成怎样的混乱局面。

Will take into account the different safeguard effect of all kinds of security forms, and designs and selects the security form according to the order of Impawn, Collateral, Guarantee and Credit loan: if Impawn exists, Collateral will not be selected; if Collateral exists, Guarantee not selected; if Guarantee exists, Credit loan not selected.

如果不考虑其他因素，任何理性的债权人在债务融资过程中都将考虑到各种担保方式不同的保障效果，并按照质押、抵押、保证和信用的次序设定和选择担保方式，如果有质押就不选择抵押，有抵押就不选择保证，有保证就不选择信用。

The same applies to lienorand lienee, mortgagor and mortgagee, grantor and grantee,licensor and licensee, party A and party B.

同样，在合同中也不要说留置权人和留置人，抵押权人和抵押人，保证人和被保证人，许可人和被许可人，当事人A和当事人B。。。。。。

The same applies to lienor and lienee, mortgagor and mortgagee, grantor and grantee, licensor and licensee, party A and party B.

同样，在合同中也不要说留置权人和留置人，抵押权人和抵押人，保证人和被保证人，许可人和被许可人，当事人A和当事人B。。。。。。

The same applies to lienor and lienee, mortgagor and mortgagee, grantor and grantee, licensor and licensee, party A and party B.

同样，在合同中也不要用&留置权人&和&留置人&，&抵押权人&和&抵押人&，&保证人&和&被保证人&，&许可人&和&被许可人&，&当事人A&和&当事人B&……到底怎麼说，这就要看你驾驭语言的能力了。

However, because borrowers usually have fewer mortgage options because of their bad credit, they can unknowingly get pushed into a loan that is predatory or unjustifiably more expensive than what they should be able to qualify for.

但是，由于借款人通常较少因为其不良信贷抵押办法，他们能在不知不觉中得到推入或无理掠夺贷款就是比他们应能符合。

The mortgagor has the rights that possess, utilize, profit and dispose of freely the property that has been guarantied and the management activity is not effected after the obligor makes the guaranty and before the mortgagee exert his rights.

在浮动担保中，抵押人设立抵押以后至抵押权人行使抵押权以前可以就已设立抵押的全部财产继续占有、使用、收益和自由处分，抵押人的经营活动不受影响。

As one transmutes such agreements in ascension to give chi to all industries and ultimately the Pleiades, one may choose to give up the mortgage, and give up the job, and move to a beautiful place that supports one's ascent, simplifying one's life in a manner that allows one more free time to commune with nature.

当你在提升中转变提供给所有行业以及最终给昴宿星气的协议，你可以选择放弃抵押，放弃工作，并搬到一个风景优美的地方来支持提升，以一种能允许自我拥有更多与自然交流时间的方式来简化生活。

But "Hard Candy" doesn't really need to stand alone in order to be a success.

这在现实中意味着他们将停止购买抵押贷款证券。

For a big chunk of credit-card losses; the number of filings (and thus charge-off rates) would be rising again, whether

年美国个人破产法的一个改动使得破产登记急速下降，而后引起了信用卡大规模的亏损。

Eph. 4:23 And that you be renewed in the spirit of your mind

弗四23 而在你们心思的灵里得以更新