Also , the problem with pushing clients up the chain is that the first link - up tends to be fixed - income underwriting , a business jp morgan is not struggling with as badly as it is with equities and mergers and acquisitions 另外，提升客户在食物链上的位置所产生问题是，同客户的第一步联系往往是固定收益证券承销，而摩根大通在这项业务上的状况并不像在股票和并购业务上那样糟糕。
Lehman shares , down about 30 per cent since february , rose 3 per cent in midday trade to $ 60 . 51 even though the bank suffered a $ 700m fall in fixed - income revenues as a result of losses from the us subprime mortgage crisis 雷曼兄弟股价自2月份以来累计下跌30 %左右，今日午盘交易中，该股上涨3 %至60 . 51美元，尽管由于在美国次贷危机中的损失，该投行固定收益业务收入下降了7亿美元。
This dissertation takes fixed - income securities theory and economic principle of structured finance as guiding theories , and reveals the characteristics inherent in cmos , which is very important for us to develop innovative types of mbs in china 本文将固定收益证券理论以及结构化金融的基本原理作为分析的指导理论，揭示了cmo证券的一些内含特征，这些特征是我们进行mbs证券创新的重要内容。
A study of basic investment instruments , markets for those instruments , management of those instruments in a portfolio . topics include portfolio theory , capital markets , equities , fixed - income securities , derivative assets , portfolio management 探讨基本投资工具、这些工具应用的市场及以这些工具做为投资组合的管理。探讨主题包括投资组合理论、资本市场、股票、固定收益证券、衍生性资产及有价证券管理等。
Master in finance , tsinghua university ( 1997 ) , b . s . in electrical engineering , tsinghua university ( 1994 ) . lecturer in school of economics and management , tsinghua university . research and teaching : banking and financial institutions , fixed income 现任教于清华大学经济管理学院。清华大学电机工程工学学士（ 1994年） ，清华大学会计与金融工学硕士（ 1997年） 。主要教学研究领域：商业银行管理、固定收益证券。
Final yield obtains the investment management person that is enterprise make choice of to bring , and can pay off finally , should inspect whole pension system to commercialize run a condition and decide , do not allow redound of any acceptance of a business organization , but a few products that the bank offers may make the enterprise achieves fixed earnings , for instance national debt 最终投资收益获得是企业选定的投资治理人带来的，而最终能不能得到回报，要视整个养老金体系市场化运作情况而定，不答应任何一家商业机构承诺回报，但银行提供的一些产品可能令企业获得固定收益，比如国债。
Since the central bank of china approved the commercial bank to promote frm , chinese commercial bank will encounter the task of how to manage the prepayment risk which is also the central topic of this thesis . for the above reasons , this thesis arms at analyzing the character of frm prepayment risk from the perspectives of option by applying the theories of financial engineering and fixed - income security 因此,本文写作的目的在于运用金融工程和固定收益证券理论,从期权角度对固定利率抵押贷款提前偿还权进行分析,并对固定利率住房抵押贷款提前偿还风险加以研究,在此基础上对我国商业银行固定利率住房抵押贷款业务开展和提前偿还风险管理提出一些建议。
As to the change of trading techonogies , most markets have evovled from floor trading to electronic trading . among different markets , electronic trading have penetrated most comprehensively in the stock market . as to the trading process , electronic trading has prevaded in the pre - and post - trade information dissemination , order transmission and execution , settlements , etc . in 1990 ' s , internet has altered the traditional operation model of securities trading , which mainly includes the trading services on internet , internet dpo and alternative trading systems 从交易技术变迁的角度看，大多数证券市场都经历了从人工交易演变为电子交易的过程；从不同证券市场来看，电子交易在股票市场发展最为深入，但固定收益证券市场和衍生品市场电子交易的发展势头也非常迅猛；从证券交易过程来看，电子交易已渗透至交易信息披露、指令传递与指令执行、清算交割等环节。
According to active the regulation that 23 order administer limits to investment , rights and interests kind highest must not exceed 30 % , buy a stock to must not exceed 20 % directly , high risk must not exceed 30 % , fixed income kind must not exceed 50 % , national debt is occupied 20 % , liquidity is very high not under 20 % 按照现行23号令对投资治理范围的规定，权益类最高不得超过30 % ，直接购买股票不得超过20 % ，高风险不得超过30 % ，固定收益类不得超过50 % ，国债占20 % ，流动性非常高的不低于20 % 。
Generally , the holders of the convertible bonds have two major rights : 1 , they can receive a fixed cash flow during the term of conversion because the convertible bonds belong to the fixed income bonds ; 2 , they can stop the fixed cash flow during the term of conversion and convert the bonds to underlying stock asset according to the formerly stipulated items and price , for the convertible bonds also belong to the affiliations of the securities 一般的，可转换债券持有人具有两项主要的权利：一是作为固定收益证券，在转债存续期内收到固定的现金流收入；二是作为股票衍生产品，在转换期内终止固定的现金流收入，按照预先规定的品种和价格将债券转为标的股票资产。
