抵押担保证券 meaning in Chinese
mbs
mortgage-backed securities
Examples
- Asset securities include mortgage pass - through securities , mortgage - backed securities , pay - through securities and strip mortgage / collateral securities
资产证券的种类主要有转递证券、资产支持债券、转付证券、剥离式抵押担保证券。 - Now there is a large body of academic and industry research on the establishment of mortgage - backed securities ( mbs ) market , much of which involves introduction of various types of mbs such as mortgage pass - through securities ( mpts ) , mortgage pay - through bonds ( mptbs ) , mortgage - backed bonds ( mbbs ) , collateralized mortgage obligations ( cmos ) and so on
目前，学术界和本行业实践者们对我国发展mbs市场这一课题进行了广泛的研究，其中，很大一部分研究是围绕住房抵押贷款支持证券的品种设计展开的，这些品种包括过手证券、转付证券、抵押贷款支持债券以及抵押担保证券（ cmos ）等。 - This section begins with the analysis of the cash flow of the two most elementary products - mortgage pass through securities ( mpt ) and collateralized mortgage obligations ( cmo ) , and describes the difference between the function mechanism and the ability of resisting risk . then , based on the above analysis , this article tries to invent an new cmo product which goes by the name of adjustable amortization mortgage ( aam ) and can effectively counteract the extension risk when interest rate goes up . at the same time , this article also indicate some problem which should pay special attention to in practical application and put forward some corresponding market promotion strategy
本章首先通过对两种最基本的抵押证券? ?抵押贷款传递证券（ mpt ）和抵押担保证券（ cmo ）现金流量变化的分析，研究其运行机制和防御风险的功能差异，接着在以上分析的基础上，文章尝试提出了一种能够有效化解利率上升环境中延期风险的新型证券品种? ?可调整分期付款额的抵押担保证券（ adjustableamortizationmortgage ，简称为aam ）的设想，但同时也指出了这种抵押担保证券在实际应用中应该特别注意之处，并提出了相应的市场推广策略。 - This paper , using the experience of the typical nation and region about housing mortgage securitization , joining together the realistic condition in our country , putting forward the strategy of developing housing mortgage securitization in our country now . the article is divided into four parts : part one : introduce the related theories about the housing mortgage securitization , including the content of housing mortgage securitization , the participants , concrete operation procedure , the financial tool , and point out the realistic meaning that our country promote . part two : analyze the background and the motive that world housing mortgage securitization , choose the typical model nation and region such as the united states , canada , hong kong to proceed the comparison , and get some experiences and apocalypses from it
文章分为四个部分：第一部分：首先对住房抵押贷款证券化的内涵、涉及的参与者、具体运作程序以及使用的金融工具等与住房抵押贷款证券化相关的理论进行了介绍，其中着重对抵押贷款传递证券、抵押贷款支持债券、抵押贷款转付债券、抵押担保证券等目前国外规模较大的四种住房抵押贷款证券进行了较详细的介绍，然后指出我国目前推行住房抵押贷款证券化无论是从商业银行和投资者等微观主体的角度还是从住房产业和资本市场的发展等宏观角度来看都具有非常重要的现实意义。