证券

The need to meet this demand can then throw the company into a liquidity crisis that may, in some cases, trigger still more downgrades. It all becomes a spiral that can lead to a corporate meltdown. Derivatives also create a daisy-chain risk that is akin to the risk run by insurers or reinsurers that lay off much of their business with others. In both cases, huge receivables from many counterparties tend to build up over time.(At Gen Re Securities, we still have $6.5 billion of receivables, though we've been in a liquidation mode for nearly a year.) A participant may see himself as prudent, believing his large credit exposures to be diversified and therefore not dangerous. Under certain circumstances, though, an exogenous event that causes the receivable from Company A to go bad will also affect those from Companies B through Z. History teaches us that a crisis often causes problems to correlate in a manner undreamed of in more tranquil times.

衍生性金融商品交易也有可能造成骨牌效应的风险，这是因为许多保险业及再保业者习惯将风险分散给其它保险公司，在这类的情况下，钜额的应收款项将随着交易对象的日趋复杂而持续累积，(以通用再保证券来说，虽然已经经过将近一年的清算期，目前仍有高达 65 亿美元的应收款项流通在外)，交易的一方或许对于自己相当有信心，认为其钜额的信用风险已经经过适度的分散，因此不会发生任何危险，只有等到某种特殊状况下，一个外部事件导致 A 公司的应收帐款发生问题，从而影响 B 公司，乃至于一路到 Z 公司，历史教训告诉我们危机的发生往往是我们在太平盛世时所梦想不到一连串问题串连所导致的。

Where the expiration date of the grace period precedes the statutory time limit for disclosing the annual financial statement of 2001 and if the company fails to disclose its 2001 annual financial statement prior to the expiration of the grace period, or it has disclosed the 2001 annual financial statement prior to the expiration of the grace period but fails to file an application within 5 working days after the expiration of the grace period, the stock exchange shall decide to terminate the listing of the stocks of the company within 10 working days after the expiration of the grace period.

宽限期结束日早于2001年度报告法定披露期限的公司，如果未在宽限期结束日之前披露2001年度报告，或者虽然在宽限期结束日之前披露了2001年度报告，但未在宽限期结束日后五个工作日内提出恢复上市申请的，证券交易所应当在公司宽限期结束日后十个工作日内做出公司股票终止上市的决定。

In the course of economic transition, China has seen a dazzling produce and development of her security market.

我国证券市场的产生和发展，是经济转轨过程中最激动人心的事件之一。

It's the same problem that you may face at a dealership.

它可能面临同样的问题，您在证券。

The conference is discussed passed " debenture of Shenzhen stock exchange appears on the market regular ".

会议审议通过了《深圳证券交易所公司债券上市规则》。

The meaning of securities market is very extensive, major is the place of emition and exchange in stock, debenture and fund unit.

证券市场的含义相当广泛，主要是指进行股票、债券、基金单位等有价证券及其衍生产品发行和交易的场所或结合点。

In order to regulate the issuance and transaction of securities, protect the lawful rights and interests of investors as well as safeguard the economic order and public interests of the society, Chinese Securities Law sets strict qualifications for debenture issuing companies.

为了规范证券发行和交易行为，保护投资者的合法权益，维护社会经济秩序和社会公共利益，中国证券法对发行债券的公司设定了严格的法定资格限制。

With respect to any debit balance in the client's Account, this is a guaranty of

此外，担保应保证对史考特证券公司因

The circular also clarified the collateral and the discount rate: security for the Shanghai 180 stock index, the conversion rate of no more than 70%; other A shares and B shares, Conversion rate of no more than 65%; ST shares and warrants of the conversion rate of 0%; ETF's discount rate does not exceed 90%; the national debt conversion rate of not more than 95%; other bonds (non-government bonds) and other listed securities investment funds conversion rate of less than 80%.

通知还明确了担保和贴现率为上海180股票指数：安全，不超过70％的转换率，其他A股和B股，转换率不超过65％，ST股票和0％的转换率认股权证； ETF的折扣率不超过90％，而国家债务不超过95％的转换率，其他债券和其他上市证券投资基金转换低于80％。

In a word, the trait of security investment fund is that it is operated by experts, can decentralize risk and has more flexibility.

我国从上世纪80年代开始了证券投资基金的发展，但由于对基金认识的不全面，最初的发展是无法可依、混乱发展的局面。

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。