When a Danish mortgage bank grants a mortgage it is obliged to sell an equivalentbond with a maturity and cashflow that matches those of the underlying loan almost perfectly.
当丹麦银行批准一笔抵押贷款时,它必须同时出售等额的同期限的债券,以此来完全匹配该笔借款。
2
“The universal bank is the regulatory equivalent of the super-senior mortgage-backed bond,” says one analyst.
有分析家称:“综合性银行就相当于受监管的、抵押业务支撑的超级债券。
3
Under a CDS, one party seeks to protect itself against the default of a bond issuer by paying an annual sum—the equivalent of an insurance premium—to someone else who wants to take on the risk.