优先级次级债券英文

⑴ 债券的一些英文日期问题= =

因为债券是可以在二级市场交易的，交易日可以出现在债券有效期内的任何时候（不止是债券发行日或发放票息的日子），这个日子被称为settlement date。在计算债券交易的Full price的时候会用到

⑵ 高级债券与次级债券的区别和联系

高级债券与次级债券的区别如下：

（1）概念不同：

高级债券是高于其他债券级专别的债券。属由摩迪氏证券服务公司或标准普尔公司确定的等级，一般来说，质量高的债券是信用好的债券，记作AAA或AA、A。

次级债券，是指偿还次序优于公司股本权益、但低于公司一般债务的一种债务形式。次级债里的“次级”，与银行贷款五级分类法（正常、关注、次级、可疑、损失）里的“次级贷款”中的“次级”是完全不同的概念。

（2）偿还期限不同：

作为附属资本的次级债券根据有无偿还期限还可分为高级附属资本和低级附属资本两类。高级附属资本为无规定偿还期限、可累积的次级债券，具体包括可累积优先股、次级可转换债券和永久次级债券。

（3）作用不同：

高级债券可以且必须用于分担银行的损失，且不必停止交易，而次级债券仅在银行破产清算时才可用于清偿银行的损失。因而，从某种意义上来讲，高级债券比次级债券更具有充当资本的属性。最常见的高级债券就是可转换债券。

⑶ 什么是次级债券次级债券分类有哪些

次级债券，是指偿还次序优于公司股本权益、但低于公司一般债务的一种债务形式。各种证券的求偿权优先顺序为：一般债务 次级债务 优先股 普通股，求偿权优先级越高的证券，风险越低，期望收益也越低，反之亦然。机构往往基于自身情况，根据CAPM模型按一定比例配置资产，以均衡自身承担的风险和获取的收益。潘大要特别说明的是，次级债里的次级，与银行贷款五级分类法(正常、关注、次级、可疑、损失)里的次级贷款中的次级是完全不同的概念。次级债券里的次级仅指其求偿权次级，并不代表其信用等级一定次级;而五级分类法里的次级则是与可疑、损失一并划归为不良贷款的范围。次级债券分类有哪些：
作为附属资本的次级债券根据有无偿还期限还可分为高级附属资本(Upper TierⅡ)和低级附属资本(Lower TierⅡ)两类。
高级附属资本为无规定偿还期限、可累积的次级债券，具体包括可累积优先股、次级可转换债券和永久次级债券。低级附属资本指次级长期债务，包括普通的、无担保的、最初期限至少五年以上的次级债券资本工具和到期可赎回优先股。
由于长期次级债券工具有固定偿还期限，而且除非银行倒闭清盘，长期次级债券工具是不能用来冲销损失的，因此，有必要对列入二级资本的此类债务进行数额限制。巴塞尔协议规定，长期次级债券最多只能相当于核心资本的50%，而且在最后的五年期间，须每年累计折扣(或摊提)20%，以反映资本价值缩减情况。
在银行发生破产和清偿时，高级附属资本工具(Upper TierⅡ)的偿付次序位于高级债权人和低级附属资本工具持有人之后，且银行有权推迟支付此类资本工具的利息，并且可以无限期暂停支付所有本息，高级附属资本工具的最低期限为10年或为永久性。
与此相对的是低级附属资本工具(Lower TierⅡ)，在银行发生破产和清偿时，其偿付顺序仅仅位于高级债权人之后，此类资本工具的最低期限为5年。银行通常是在市场状况不适宜发行股票的时候发行低级附属资本工具，用以提高银行的资本充足率。

⑷ 求关于美国次级债发生的英文文献。

The subprime mortgage financial crisis of 2007 was a sharp rise in home foreclosures which started in the United States ring the fall of 2006 and became a global financial crisis within a year.

The crisis began with the bursting of the housing bubble in the U.S.[1][2] and high default rates on "subprime", adjustable rate, "Alt-A", and other mortgage loans made to higher-risk borrowers with lower income or lesser credit history than "prime" borrowers. The share of subprime mortgages to total originations increased from 9% in 1996, to 20% in 2006.[3] Further, loan incentives including "interest only" repayment terms and low initial teaser rates (which later reset to higher, floating rates) encouraged borrowers to assume mortgages believing they would be able to refinance at more favorable terms later. While U.S. housing prices continued to increase ring the 1996-2006 period, refinancing was available. However, once housing prices started to drop moderately in 2006-2007 in many parts of the U.S., refinancing became more difficult. Defaults and foreclosure activity increased dramatically. By October 2007, 16% of subprime loans with adjustable rate mortgages (ARM) were 90-days delinquent or in foreclosure proceedings, roughly triple the rate of 2005.[4] By January of 2008, this number increased to 21%.[5] As of December 22, 2007, a leading business periodical estimated subprime defaults would reach a level between U.S. $200-300 billion.[6]

The mortgage lenders that retained credit risk (the risk of payment default) were the first to be affected, as borrowers became unable or unwilling to make payments. Major banks and other financial institutions have reported losses of approximately U.S. $100 billion as of January 16, 2008, as cited below. Due to a form of financial engineering called securitization, many mortgage lenders had passed the rights to the mortgage payments and related credit/default risk to third-party investors via mortgage-backed securities (MBS). Indivial and institutional investors holding MBS faced significant losses, as the value of the underlying mortgage assets and payment streams declined and became difficult to predict.

In addition, certain legal entities designed to isolate this risk from the originating lenders, called collateralized debt obligations (CDO) and structured investment vehicles (SIV), held substantial amounts of MBS. As the value of payments into these entities declined, their value also declined, forcing the sale of MBS at fire sale prices in some instances.

The widespread dispersion of credit risk and the unclear impact on large banks, MBS, CDO, and SIV caused banks to rece their loans to each other or make them at higher interest rates. Similarly, the ability of corporations to obtain funds through the issuance of commercial paper was impacted. The liquidity concerns drove central banks around the world to take action to provide funds to member banks to encourage the lending of funds to worthy borrowers and to re-invigorate the commercial paper markets.

The combination of impacts e to credit risk and liquidity risk caused several major corporations and hedge funds to shut down or file for bankruptcy. Stock market declines among both depository and non-depository financial corporations were dramatic. Many hedge funds and other institutional investors holding MBS also incurred significant losses.

With interest rates on a large number of subprime mortgages e to adjust upward ring the 2008 period, U.S. legislators and the U.S. Treasury Department are taking action. A systematic program to limit or defer interest rate adjustments was implemented to limit the impact. In addition, lenders and borrowers facing defaults have been encouraged to cooperate to enable borrowers to stay in their homes. Restrictions on lending practices are under consideration. Many lenders have stopped subprime lending or dramatically curtailed it.

⑸ 高级债券和次级债券分别怎么翻译

高级债券：senior bond；
次级债券：subordinated bond或junior bond。

⑹ 求助！关于主债权、从债权、保证债券、抵押债权的英文解释！

凑个热闹，有会的我也学习一下

给楼主个建议：悬赏分有点低，另外这个问题好像不该规到金融这一类，应该到英语或者金融英语、商务英语相关类别

⑺ MBS(抵押贷款债券)，CDO(组合抵押债券)的英文全称是什么

它们的英文全称分别是：
MBS：Mortgage-Backed Security， 抵押支持债券或者抵押贷款证券化。MBS是最早的资产证券化品种。回最早产生于60年代答美国。
CDO：(Collateralized Debt Obligation，担保债务凭证)，资产证券化家族中重要的组成部分。它的标的资产通常是信贷资产或债券。这也就衍生出了它按资产分类的重要的两个分支：CLO(Collateralised Loan Obligation)和CBO(Collateralised Bond Obligation)。前者指的是信贷资产的证券化，后者指的是市场流通债券的再证券化。但是它们都统称为CDO。

⑻ 什么是次级债券

各种证券的求偿权优先顺序为：一般债务 次级债务 优先股 普通股，求偿内权优先级越高的容证券，风险越低，期望收益也越低，反之亦然。机构往往基于自身情况，根据CAPM模型按一定比例配置资产，以均衡自身承担的风险和获取的收益。潘大要特别说明的是，次级债里的“次级”，与银行贷款五级分类法（正常、关注、次级、可疑、损失）里的“次级贷款”中的“次级”是完全不同的概念。次级债券里的“次级”仅指其求偿权“次级”，并不代表其信用等级一定“次级”；而五级分类法里的“次级”则是与“可疑”、“损失”一并划归为不良贷款的范围。
次级贷款 贷方在提供贷款前首先要对申请贷款者的信用度进行审查，只有符合要求的申请人才能得到贷款。但是许多没有信用纪录，或者信用纪录不佳（如曾有违约或拖欠纪录）的人同样有借款的需求，次级抵押贷款正是为了满足这种需求而出现的。所谓次级，是针对贷款利率而言,而不是次级人、低等人的意思。次级抵押贷款的利率要高于普通抵押贷款的利率，以此弥补贷款方所承担的更大违约风险。

⑼ 什么是优先级债券

优先级债券是指该类债券的持有人在借贷机构清盘时，具有比其它债券持有人优先索偿之权利。

债券是一种金融契约，是政府、金融机构、工商企业等直接向社会借债筹借资金时，向投资者发行，同时承诺按一定利率支付利息并按约定条件偿还本金的债权债务凭证。

债券的本质是债的证明书，具有法律效力。债券购买者或投资者与发行者之间是一种债权债务关系，债券发行人即债务人，投资者（债券购买者）即债权人。

(9)优先级次级债券英文扩展阅读：

债券作为一种重要的融资手段和金融工具具有如下特征：

1、偿还性

偿还性是指债券有规定的偿还期限，债务人必须按期向债权人支付利息和偿还本金。

2、流动性

流动性是指债券持有人可按需要和市场的实际状况，灵活地转让债券，以提前收回本金和实现投资收益。

3、安全性

安全性是指债券持有人的利益相对稳定，不随发行者经营收益的变动而变动，并且可按期收回本金·。

4、收益性

收益性是指债券能为投资者带来一定的收入，即债券投资的报酬。在实际经济活动中，债券收益可以表现为三种形式：

一是投资债券可以给投资者定期或不定期地带来利息收入；

二是投资者可以利用债券价格的变动，买卖债券赚取差额；

三是投资债券所获现金流量再投资的利息收入。

⑽ 美国的次级债危机 用英文是怎么说的啊

subprime debt crisis