| 1. | The latter will conduct credit upgrading , select a securities company , issue stocks and list on the market
由后者进行信用增级、选定证券公司，发行证券或上市。 |
| 2. | Part five : it introduces the other critical process of asset securitization : credit evaluation and enhancement of abs
本文的第五部分介绍了资产证券化的另一个核心步骤：资产支持证券( abs )的信用增级与评级问题。 |
| 3. | The implementation of asset securization transaction depend on the following three basic the ories : asset - recombinating , risk - isolating , credit - upgrading
资产证券化交易的实现依赖资产组合、风险隔离、信用增级三大基本原理。 |
| 4. | These agencies determine the amount of credit enhancement required to produce a credit quality comparable to that of a same - rated corporate bond
这些评级机构决定所需的信用增级程度，以便获得可用于与具有相同评级的公司债券比较的信用评级。 |
| 5. | Thirdly , the unique techniques , such as asset packaging , true sale , bankruptcy - remote , credit enhancement , reduces the financing risk
3 .企业资产证券化特有的风险隔离机制和信用增级技术,保证了企业融资与企业整体信用风险相分离,降低了企业融资风险。 |
| 6. | Based on such two principles , asset securitization involves three major legal issues : special purpose vehicle ( spv ) , true sale and credit enhancement means
围绕这两项原则，资产证券化涉及了三个基本的法律问题：特殊目的载体问题、真实出售问题和信用增级方式问题。 |
| 7. | Asset securitization is a financial innovation that transforms illiquid assets into tradable securities . " risk - remoteness " and " credit enhancement " are two legal principles in ensuring the success of an asset securitization project
“风险隔离原则”和“信用增级原则”是保障资产证券化运作成功的两项重要的法律原则。 |
| 8. | But unlike most corporate bonds , abs are secured by collateral and credit - enhanced with internal structural features and / or external protections to further ensure that obligations are met
但与大多数公司债券不同的是，资产支持型证券得到担保物品的保护，并由其内在结构特征通过外部保护措施使其得到信用增级，从而进一步保证了债务责任得到实现。 |
| 9. | The agencies ' determination of the required credit enhancement is based on the characteristics of the collateral and its performance under severe stress - - specifically , under hypothetical " depression " scenarios
评级机构做出的所需信用增级的决定取决于资产支持型证券担保的特征以及在严峻的压力条件下一一特别是在假设的“衰退”情景下? ?的表现。 |
| 10. | As the key part of the paper , chapter three intends to make reasonable design for opening mbs in the future . this chapter includes the setting up of relative institution , the kinds of mbs and the risk management . chapter four analyzes the case of mbs transaction
第三部分运作模式的设计参考国外经验并结合我国实际，着重分析了证券化经营公司的设立情况、信用增级的方式、债券的品种设计以及风险管理等问题。 |
