underlying bond meaning in English
高级债券
优先契约
Examples
- Cds contracts allow investors to take on credit risk without buying the underlying bonds
Cds合约投资者不一定要购买债券本身却承担该信贷风险。 - Cds contracts allow investors to take on credit risk without buying the underlying bonds
Cds合同使投资人不用购买合同下的债券就能参与这类债券的风险。 - More broadly , the in - kind mechanism also helps generate trading activities of the underlying bonds , thereby adding liquidity to the underlying bond market
此外，实物机制亦能促进相关债券的买卖，从而提高相关债券在市场的流动性。 - However , small investors will still benefit from the mechanism , since it will help mitigate the risk of a prolonged deviation of the trading prices of fund units from the market value of the underlying bonds
尽管小投资者不会直接参与实物交易，但由于这机制可减低基金单位的成交价长期偏离相关债券市值的风险，因此他们仍可受惠。 - The trading price of the paif and other funds may rise or fall according to the demand and supply of the units of the funds in the market , while the net asset value of the funds may fluctuate in tandem with price movements of the underlying bonds
沛富基金及其他基金的成交价会因应基金单位的市场供求情况而升跌，基金资产净值亦会跟随相关债券的价格变化而波动。