谁能帮用英文我翻译一下这段话~不胜感激
来源:百度知道 编辑:UC知道 时间:2024/06/07 23:06:49
As the first part, this paper explains the nature of Credit Default Swaps (hereafter as CDS) as a Financial Derivatives which domains the credit-derivative market. Followed on this paper, some major risks that occurred to such derivatives during the trading process are discoursed, which include credit risks, counterparty risks, transaction exposure, liquidity risk, and monitoring risks. Especially in regard to the risk control, this paper discusses some issues with practice, such as counterparty risks in CDS transaction, liquidity shortage risk, low transparency and lack of governmental monitoring in OTC market. As last, throughout introduction of the development states of CDS market in this subprime crisis, and making understanding of the role of CDS as a financial derivative played in subprime crisis, this paper derives suggestions on the development of financial derivatives in China, such as derivative transaction must possess the ability of market risks preventing, and financial