The model shows that the interest rate and collateral in persified credit contracts may be utilized as screening mechanism to reach a Spence.
模型揭示,多样性的信贷合同组合可以通过贷款利率、抵押品作为甄别机制而达到斯宾塞-莫里斯分离均衡,并分析了其存在的条件与范围,阐述了模型对中国金融系统改革及中小企业信贷配给的现实启示。
The signaling role of collateral,which serves as a measure for the bank to screen risky types of the firms,is emphasized in this paper when the firms in credit market have more risky information on their projects than that of the bank.
着重分析在信贷市场中企业拥有的投资项目风险信息比银行多时,抵押品作为银行鉴别和筛选企业的风险类型的信号作用。
In recent years the banks of our country generally adopted rigid pledge credit rationing to small and medium-sized business with on information publication and high credit risk in order to avoid treaty violation risk caused by bad credit, and SMBs entrance to credit market is restricted because of insufficient pledge assets.
近年来我国银行为避免企业信用状况不良导致的违约风险问题，对信息不透明、信用风险高的中小企业普遍采取严格的抵押品型信贷配给，而中小企业介入信贷市场普遍受到抵押资产不足的约束。
client securities and collateral held by intermediaries and their associated entities
由中介人及其有联系实体持有的客户证券及抵押品
Mortgage Backed Security,MBS
抵押品证券、抵押贷款证券
profit on security sold
有价证券或抵押品出售利益
The Risk and Control of Art Mortgage's Securitization
艺术品抵押权证券化法律风险与控制
mortgage debenture
有抵押品的公司债券,抵押债券
The Choice of Assortment and the Design of Circuit on Housing Mortgage Loan Securitization;
我国住房抵押贷款证券化的品种选择及流程设计
The Comparison and Enlightenments of Housing Mortgage-backed Securities;
住房抵押贷款证券化模式比较及启示
The mortgaged and Guaranteed Bond and the Application in China;
抵押担保证券及其在我国的运用分析
Commercial Mortgage Backed Security (CMBS)
商业抵押作担保的证券
transfer of securities as security for a loan
转让证券作为贷款抵押
deposit of securities as security for a loan
存放证券作为贷款抵押
Research on Mortgage Backed Securities in China;
住房抵押贷款证券化产品在我国的应用研究
On the Pricing of Mortgage Backed Securities:Prepayment Model;
抵押贷款证券化产品定价:提前偿付概率模型
On the Pricing of the Mortgage-backed Security in China;
我国住房抵押贷款证券化产品定价模型
Securities registration and settlement organizations shall not mortgage their clients' securities or lend them to others.
证券登记结算机构不得将客户的证券用于质押或者出借给他人。
The Analysis of Motivity and the Design of Circuit on Chinese Housing Mortgage Loan Securitization
住房抵押贷款证券化的效应分析及流程设计
The Practice and Studies on Our Country Mortgage-backed Securities;
我国个人住房抵押贷款证券化实践及研究
Research on Risk Management of Mortgage Backed Securities in China;
论我国住房抵押贷款证券化风险及防范