证券

Program designed in accordance with the Legal Adviser, Nanfang Securities stripping out the huge industrial assets using a discrete form of the Group.

计划，旨在按照法律顾问，剔除南方证券庞大的工业资产使用离散形式的工作组。

In this paper,the authors give a strict proof of geometric Brown motion displayed by stock prices using the methods of approximation from discrete process to continuous stochastic process.

通过由一般的离散过程逼近连续随机过程的方法，给予证券价格按有漂移率的几何布朗运动变化的一个严格的证明，并指出了股票价格过程的一般模型

Batch: the transmission or processing of a group of payment orders and/or securities transfer instructions as a set at discrete intervals of time.

批处理：一组支付指令和/或证券转让指令作为一个集合以不连续的时间间隔发送或处理。

In the event that I/we maintain and continue to operate a discretionary account with you, I/we hereby authorize you or your employee (who must be a registered person) so designated by you, to effect

若是本人在贵公司保留及持续操作一个委托帐户，本人兹授权予贵公司或贵公司指定的职员全权负责替本人依照现金客户协议书作出证券买卖，损失由本人负

Indeed, bankers and consultants say, it is banking functions such as lending cash and securities that will make disintermediation of their role difficult for exchanges to accomplish.

实际上，银行家和顾问表示，正是借贷现金和证券等银行功能，使得去除他们的中间业务职能让交易所难以完成。

Disintermediation withdrawal of funds from intermediary financial institutions, such as banks and savings and loan associations, in order to invest in instruments yielding a higher return.

非居间化：为了直接进行证券投资获取更高的收益，而从中间金融机构，如银行、储蓄银行和贷款银行中提取存款

"Disintermediation: Shift of funds away from financial intermediaries(commercial banks, etc.) into Treasury bills and other securities or, Shift by large corporations away from banks to a parallel market, involving other large corporations ."

金融中介作用减弱：把资金从金融中介机构转移到国库券和其他证券方面去；或一些大公司把资金从银行转移到和其他一些大公司有关的平行市场上去。

Following the emerging of internet, traditional retail channels of books, banks, stocks, tourism and ticketing have faced the challenges from many internet-based businesses which eliminating intermediary between buyers and sellers make products or services to sell cheaper and faster. And there are many researches on such kind of disintermediation effects in foreign society. But till now there is not any kind of disintermediation study in Taiwan. This study is a beginning research of disintermediation in Taiwan.

随著网路的崛起，传统实体通路的存在价值与市场地位也饱受威胁，在市场上的实际演变，书店、银行、证券、旅游、机票等中介者的角色，明显的已可被电子商务网站所取代，因此在国外已经有很多针对网路对实体通路产生「去中介化」之研究，在国内虽然也有类似的现象产生，但迄今还没有类似的研究，所以本研究有开启此议题研究先河之意义。

The two features result in the disjoint of the chain of "earnings-intrinsic value- stock price".

但国外普遍认同的"被遗忘效应"和"纳税效应"都无法对我国证券市场的"小公司效应"进行解释。

The machine selectively recovers such documents from storage areas and dispenses them.

机器选择性的从存储区收回和分类这些证券。

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。