GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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11:08 Aug 8, 2018 |
English to Chinese translations [PRO] Bus/Financial - Finance (general) / Finance | |||||
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| Selected response from: Frank Feng China Local time: 18:22 | ||||
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Summary of answers provided | ||||
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5 | 票据发行包销协议 |
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5 | 票据发行融资业务 |
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5 -1 | fyi |
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fyi Explanation: 找到几种不同的译法,主要区别彩玉对facility的处理: 票据发行便利 ref: http://wiki.mbalib.com/wiki/欧洲票据市场 (1)承销票据发行便利(Underwritten note issuance facility) 承销票据发行便利是欧洲短期票据市场的最基本的融资便利之一。它是某个银行和银团为借款人提供中期融资的保险,使借款人在规定的期限和金额内可以按拍卖形成的市场利率或反映最大议定加息率的利率出售票据。... 票据发行工具 ref: https://books.google.com/books?id=k30tDAAAQBAJ&pg=PT217&lpg=... 票据发行融资/票据发行安排 ref: https://www.hujiang.com/ciku/Euronote_issuance_facility/ 建议从其中选一个自己觉得舒服的译法即可。 -------------------------------------------------- Note added at 59 mins (2018-08-08 12:08:39 GMT) -------------------------------------------------- 找到几种不同的译法,主要区别在于对facility的处理: |
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票据发行包销协议 Explanation: The question has already stated the elaboration of the definition of this particular term, which is an agreement with financial institutions in underwriting the unsold notes. "Facility " in the financing context refers to the extra amount of liquidity supported by banks usually upon the borrowers' pledging of certain collateral for the purpose of the borrowers' own financing activity e.g. IPO, issue of debentures. So here translating it as 包销协议 does not depart from the scope of meaning which the word can bear, and reflects the intended specific meaning in the original English text which may carry implications of a legal definition. |
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票据发行融资业务 Explanation: A note issuance facility (NIF) is a syndicate of commercial banks that have agreed to purchase any short to medium-term notes that a borrower is unable to sell in the eurocurrency market. The note issuance facility acts as an underwriter (although in contrast with an underwriter of company stock in an initial public offering or IPO). The facility will generally accept the notes from the borrowers and resell them in the Eurocurrency markets. Should the borrower be unable to sell all notes, the syndicate is obligated to purchase all remaining notes from the borrower. Note issuance facilities are useful in reducing risk and costs for both the borrower and the lender. NIF 购买借款人无法在欧洲货币市场上出售的任何中短期票据 (have agreed to purchase any short to medium-term notes that a borrower is unable to sell in the eurocurrency market) https://www.investopedia.com/terms/n/nif.asp |
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