贴现

My current benchmark interest rate in response to the problems and choices reasons for this loan interest rates, rediscount rate, the bond repurchase rate, the benchmark interest rate of treasury bonds was conducted to explore and functional analysis of specific comparison of their respective advantages and disadvantages.

针对我国现阶段在基准利率选择方面存在的问题及原因，依据基准利率选择具体原则和标准。本文对我国现有货币市场上的同业拆借利率、再贴现利率，债券回购利率、国债利率的基准性功能依次进行了探讨与分析，具体的比较了它们各自的优缺点。

China's interest rate from the current system, the market interest rates (such as money market, bond market interest rates) is clearly not in the list of interest rates; in direct control of the central bank's interest rate system, the re-lending and rediscount rate has not been very effective, because it few years the flow of adequate financial institutions makes little to rely on central bank loans and discount, and improve the reserve interest rate system with the reform of the general direction of inconsistency; Therefore, interest rates can only increase deposit rates or lending rates, both interest rates are in the current control and semi-control of interest rates.

中国的利率从目前的制度，市场利率（如货币市场，债券市场利率）显然不在列表中，利息直接控制的中央银行的利率制度，再贷款和再贴现率并不十分有效，因为这几年充足的流动金融机构几乎没有什么依靠中央银行贷款和贴现，提高准备金利率制度改革的总体方向不一致，因此，利率可只有增加存款利率或贷款利率，无论利率在目前的管制和半管制的利率。

Although the liquidation of nearly three billion dollars of brokers' loans contracted credit, and the Reserve Banks lowered the rediscount rate, and the way in which the larger banks and corporations of the country had survived the emergency without a single failure of large proportions offered real encouragement, nevertheless the poisons were there

虽然近三十亿美元的经纪人贷款清盘已经缔结了贷款合同，储备银行也降低了重贴现利率，而且国家大银行和企业在紧急状态时得以生存且没有大规模的损失的方法也提供了真实的鼓励，但是毒素依然在那里

At the same time, lowered the central bank refinancing and rediscount interest rates.

同时，降低了中央银行再贷款和再贴现利率。

As for monetary policy tools, it impairs the strength of reserve requirement and functions of rediscount policy.

在货币政策工具方面，削弱了存款准备金的效力，降低了再贴现政策的效果。

3To handle rediscount for baking Institutions that have opened accounts in The People's Bank of China

为在中国人民银行开立帐户的金融机构办理再贴现

Proportion of financing instruments is not high, the beginning of about 5%, currently 11%-12% level; bills financing 60% of rediscount.

票据融资的占比不高，年初约为5%，目前在11%-12%的水平；票据融资中60%为转贴现。

Under the open economy condition, the central bank determines the base money through the rediscount, loans, purchasing securities and foreign exchange and so on.

在开放经济条件下，中央银行的基础货币通过再贴现，贷款，购买债券和外汇等来决定。

At the same time, lowered the central bank refinancing and rediscount interest rates and sub-categories lowered the RMB deposit reserve rate.

同时，降低了中央银行再贷款，再贴现利率和子类别下调人民币存款准备金率。

Seen from the monetary policy tools, the function of the traditional deposit reserve system and the rediscount policy weakens while the open market policy will be the most important monetary policy instrument of the Central Bank.

从货币政策工具看，传统的存款准备金制度、再贴现政策的作用弱化，而公开市场业务将成为中央银行最重要的货币政策工具。

By the time of its fall, most of the prisoners were writers who had written against the corruptions of the government.

到它被攻陷的时候，里面多数的犯人是写了反对政府贪污文章的作家。

The most obvious variation to ovum morphological character was that the color was changed from light green to sepiaceous in embryonic development, and all the ovums were almost hatched after 96h.

在胚胎发育过程中卵的形态特征最明显的变化是颜色从淡绿到深褐色，卵在发育96h后卵基本全部孵化。