cdos

美 　英

• n.CDOS操作系統(tǒng)
• 網(wǎng)絡債務抵押債券；擔保債務憑證；抵押債務債券

英漢解釋

n.	1. CDOS操作系統(tǒng)

例句

Deutsche Bank was an aggressive dealer in CDOs in the period when the market was beginning to crack.

在市場開始破裂時，德意志銀行是擔保債務憑證的積極經(jīng)銷商。

He told me with a straight face that these CDOs were the only way to get rid of the riskiest tranches of Subprime debt.

他誠實地告訴我，這些夾層CDO是從可轉(zhuǎn)換次級債中剔除風險最高的債券的唯一出路。

Defaults haven't been a major problem, but the market values of these CDOs fell sharply over the past year or so.

違約還不是很嚴重的問題，但這類CDO的市值在過去一年左右的時間里急劇縮水。

For much of the mortgage boom, Merrill was able to sell the bulk of the CDOs it underwrote to investors all over the world.

在抵押貸款業(yè)務繁榮興旺的那段日子，美林能夠將它承銷的大部分CDO順利出售給世界各地的投資者。

Modern finance is supposed to be all about measuring risks, yet corporate and mortgage-backed CDOs were a leap in the dark.

歸根結(jié)底，現(xiàn)代金融應關(guān)乎風險測量。然而，企業(yè)與按揭支持CDO卻是一次魯莽的冒險行動。

Shockingly, two-thirds of that stemmed from supposedly triple-A CDOs, which by then were deemed to be worth only half of their face value.

令人震驚的是，其中三分之二是由所謂的“AAA”級CDO造成的——當時，人們認定這種工具的估值僅為其票面價值的一半。

Goldman has even referred to the investors who bought its CDOs as "among the most sophisticated mortgage investors in the world" .

高盛甚至將購買其發(fā)行的CDO的投資者稱為“世界上最成熟的抵押貸款投資者”。

CDOs were so complex that they had to be assessed using specially designed models, which had various faults.

CODs太過復雜，以至于評級機構(gòu)不得不用特殊設計的模型對其進行評價，然而這些模型中有各種各樣的誤差。

(On occasion, each of a pair of CDOs would buy a tranche of the other, creating a "loop" that slowed analysis).

有時，一對CDO還會相互購買對方的部分，從而導致了“循環(huán)”，延緩了分析過程。

CDOs were one of the main vehicles through which risky US mortgages were repackaged and sold to investors around the world .

CDO是美國風險抵押貸款重新打包、然后出售給世界各地投資者的主要工具之一。

Still, selling complex CDOs is not the equivalent to making a market in stocks or other widely traded securities.

盡管如此，銷售復合擔保債務憑證不同于對股票或其他廣泛交易的證券做市。

The bottom tiers of these CDOs have been called "toxic waste" .

這些抵押債權(quán)的最低層一直被稱為“有毒廢氣”。

It definitely embraced them with Abacus, keeping IKB in the dark both about Paulson and its own view of mortgage CDOs.

它顯然用Abacus來迎接挑戰(zhàn)，既沒有讓IKB知曉保爾森在該交易中的角色，也沒讓其知道自己對抵押貸款CDO產(chǎn)品的看法。

So far, Morgan Stanley estimates that about $123bn of these defaulted CDOs have been liquidated.

摩根士丹利估計，迄今已有約1230億美元這類違約CDO進行了清算。

Hundreds of billions of dollars of CDOs have defaulted, but the structures can only be liquidated if the underlying collateral can be sold.

數(shù)千億美元的債務抵押債券已經(jīng)違約，但只有在基礎抵押品能夠出售時，這一結(jié)構(gòu)性產(chǎn)品才能進行清算。

But faith in the financial alchemy of this single currency has spectacularly crumbled, just as faith in those CDOs fell apart.

但人們對這一單一貨幣金融魔力的信仰已經(jīng)驚人地崩潰了，正如對CDO的信仰也已土崩瓦解一樣。

They would never have taken such a punt on high- yield securities or equity tranches of collateralized debt obligations (CDOs ) .

他們可不會在高收益證券或債務抵押債券（CDO）的股本部分上進行這樣的押注。

They also lent buyers much of the money to bid for CDOs, certain that the securities were a sound investment.

他們同樣借了大筆金錢給其他投資者去購買CDO。無疑，這些證券曾是良好的投資。

These were precursors to CDOs, the pools of mortgage-backed securities that were to wreak havoc on the global financial system years later .

這些人是經(jīng)營擔保債務憑證（CDO）的先行者，這種產(chǎn)品即一批抵押貸款支持證券的集合，在此后幾年對全球金融體系造成了大破壞。

Now, the estimated market value of the CDOs is at least $45bn, according to several people with direct knowledge of the portfolio.

據(jù)了解該資產(chǎn)組合第一手資料的幾位人士稱，如今，這些CDO的市場價值估計至少有450億美元。

At the time of the Fed intervention, the value of the CDOs insured by AIG was falling dramatically and AIG was facing a credit downgrade.

美聯(lián)儲當初進行干預時，這些由AIG承保的CDO正在急劇貶值，AIG也正面臨著信用降級。

We know John Paulson made $1 billion betting against mortgages using one of these CDOs.

我們知道約翰鮑爾森利用這種債務抵押債券中一種賭房貸違約賺了10億美元。

The losses the banks began to take against their holdings of CDOs were staggering.

銀行開始承受持有CDO帶來的損失，數(shù)目令人難以置信。

It could promote the interests of favoured investors, use CDOs to hedge its own loan book or even take a trading position.

它可以照顧“最惠投資者”的利益、利用CDO對沖其貸款賬簿，甚至占據(jù)交易頭寸。

Merrill has suffered heavy losses on its holdings of CDOs as a result of the credit market turmoil.

由于信貸市場風暴，美林持有的債務抵押債券遭受到嚴重虧損。

Lord knows, the Obama Administration is not going to bail out hedge funds, CDOs, private equity firms (Cerberus? ), or Donald Trump.

奧巴馬政府不會救助對沖基金，債務抵押債券，私人股票公司（Cerberus？），或是唐納德.特朗普。

Analysts believe AIG originally valued these contracts by looking to prices supplied for a pool of CDOs, among other factors.

分析師們相信，AIG原來是參考一組CDO的價格等因素給這些保險產(chǎn)品估價的。

After all, "exotic" ETFs are still a small proportion of the overall market, and the instrument is not as inherently risky as, say, CDOs.

畢竟，“標新立異”的ETF仍只占據(jù)整體市場的一小部分，而且這一工具本身也沒有CDO等那么大的風險。

CDOs offer higher yields than similarly rated mortgage-backed bonds, but are more susceptible to losses if the underlying loans decay.

與類似等級的其他抵押支持證券相比，CODs收益率更高，但是在主貸款惡化時，其面臨的損失也更大。

Derivatives known as collateralized debt obligations (CDOs)are a clever way to satisfy every taste.

被稱為抵押債權(quán)的衍生品（CDO）就是一個滿足各種需求的好辦法。

To make matters worse, bond insurers, which rate America's $2. 5 trillion municipal-bond market, are also up to their necks in CDOs.

雪上加霜的是，債券保險人也在抵押債權(quán)憑證中泥足深陷，而它們還擔當著為價值25000億美元的美國市政債券市場進行評級的重任。

As the CDOs declined in value, AIG had to pay out cash to the CDO owners, including investment banks.

隨著這些債權(quán)抵押證券的價值出現(xiàn)下降，AIG不得不向包括投資銀行在內(nèi)的債券持有人支付現(xiàn)金。

Paulson was able to exert the influence it did because of the informal way in which Goldman and other investment banks put CDOs together.

保爾森之所以能夠施加影響，原因在于高盛和其它投行設計CDO的非正式方式。

Structured credit bankers specialising in cash CDOs will be the hardest hit this year as the impact of market turmoil takes its toll .

今年，由于市場動蕩的影響，專門從事現(xiàn)金債務抵押債券（CDO）業(yè)務的結(jié)構(gòu)性信貸銀行家遭受的打擊將最為沉重。

AIG came to specialise in insuring holders of what it believed were the safest CDOs, known as "super-senior" tranches (see below).

美國國際集團逐漸專事為那些稱為“最高等級”層次（見下）債券的持有人提供保險，這種產(chǎn)品被認為是最安全的擔保債務憑證。

Traditional CDOs bundled bonds into portfolios and then split those portfolios into tranches, depending on investors' appetite for risk.

傳統(tǒng)的CDO將債券打包成投資組合，再根據(jù)投資者的風險偏好程度分割成若干份（tranche）。

Often, CDOs included not just mortgage-backed securities, but tranches of other CDOs, each maybe incorporating further CDOs.

CDO往往不僅包含抵押貸款支持證券，還包含其它CDO的某些部分，而這些CDO有可能進而又包含了其它的CDO。

In presentations to investors this year, it emphasised how thoroughly its AIG Financial Products arm assessed the risks of insuring CDOs.

在今年給投資者做的演示報告中，該集團強調(diào)，美國國際集團金融產(chǎn)品部門對承保CDO的風險評估十分徹底。

Hence the decision to move into the complex business of insuring CDOs and playing a role in their construction.

于是該公司決定轉(zhuǎn)而從事復雜的CDO業(yè)務，并在參與其構(gòu)建工作。

Bear Stearns last month revealed large losses at two hedge funds that owned subprime-related CDOs - but had trouble quantifying the losses.

貝爾斯登（BearStearns）上月透露，它旗下兩只對沖基金蒙受了巨大損失——它們持有與次級抵押貸款相關(guān)的CDO證券，，但卻難以判斷損失的數(shù)量。