摘要
债务抵押证券目前发展迅猛,成为全球固定收益市场的主流品种之一。随着中国多层次资本市场的逐渐完善,发展债务抵押证券也将对国内债券市场创新显示出积极的作用。本文着重从多方面分析开发债务抵押证券对债券市场以及发行人和投资人的重要意义。
Collateralized debt obligation has experienced a mushroom period in past years, and has become one of the pillar products of global fixed income market. With the development of the multi-level capital market in China, collateralized debt obligation will show its positive benefit to the innovation of China debt market. The paper tries to analyze the significance of collateralized debt obligation for debt market itself, underwriter and investor.
出处
《金融理论与实践》
北大核心
2007年第4期74-76,共3页
Financial Theory and Practice
关键词
债务抵押证券
信用衍生工具
金融创新
collateralized debt obligation
credit derivatives
financial innovation
