securitization

简明释义

英[sɪkjʊərɪtʌɪˈzeɪʃ(ə)n]美[sɪ'kjʊrətɪzeɪʃn]

n. 证券化，资产证券化；安全化

英英释义

单词用法

同义词

反义词

例句

1.Like other Wall Street Banks, Lehman focused its initial job cuts on its mortgage origination and securitization businesses.

和华尔街的其他各大投行类似，雷曼最初的裁员计划锁定在其抵押贷款创设和资产证券化两个部门。

2.The breakdown has been most apparent in the securitization of home mortgages.

最明显的失效是住房抵押贷款市场。

3.He plans to hold a hearing on securitization next month to find out why consumers and businesses are still having so much trouble getting loans.

他计划下个月举行一次证券化听证会，找出为什么消费者和企业仍旧有那么多的麻烦获得贷款。

4.A loan servicer can be the originator of the securitization of credit assets.

贷款服务机构可以是信贷资产证券化发起机构。

5.While we wouldn't expect growth in certain areas, such as securitization, as far as investment banking is concerned, we would anticipate continuing growth.

虽然我们无法期待在某个特定区域内，比如证劵，经济会有所增长，但是我们可以期待投资银行业的持续增长。

6.The business of America's business had become passing paper around, a process called "securitization."

美国做生意的流程已经变成仅仅传送文件而已，这是一个称作“证券化”的过程。

7.According to Anna Pinedo of a law firm, there is also fogginess around the tax status of securitization trusts.

律师事务所的安娜·派恩多表示，证券化信托的税收状况也模糊不清。

8.The process of securitization allows banks to convert loans into tradable securities.

这个证券化的过程使银行能够将贷款转化为可交易的证券。

9.Investors often seek securitization as a way to diversify their portfolios.

投资者通常寻求证券化作为多样化其投资组合的一种方式。

10.The securitization of mortgage-backed securities played a significant role in the financial crisis.

抵押贷款支持证券的证券化在金融危机中发挥了重要作用。

11.Through securitization, companies can improve their liquidity by converting assets into cash.

通过证券化，公司可以通过将资产转化为现金来改善流动性。

12.The securitization market has grown significantly over the past decade.

过去十年中，证券化市场显著增长。

作文

The concept of securitization is crucial in the modern financial landscape. It refers to the process of transforming illiquid assets into securities, which can be sold to investors. This process allows institutions to raise capital by converting their assets into marketable instruments. For instance, a bank may have a portfolio of mortgages that are not easily tradable. By using securitization, the bank can bundle these mortgages together and create mortgage-backed securities (MBS) that can be sold to investors. This not only provides liquidity to the bank but also offers investors a chance to invest in a diversified pool of assets. The origins of securitization can be traced back to the 1970s, when the U.S. government sponsored enterprises began issuing MBS. Over the years, this practice has grown exponentially, leading to the creation of various types of asset-backed securities (ABS) that include everything from credit card debt to auto loans. The appeal of securitization lies in its ability to spread risk among multiple investors. By pooling different types of loans, the risk associated with any single loan is mitigated. This diversification is appealing to investors who seek to lower their risk exposure while still earning a return on their investments. However, the securitization process is not without its challenges. The financial crisis of 2008 highlighted some of the risks associated with this practice. Many investors underestimated the risk of mortgage-backed securities, which were often rated as safe investments. When housing prices plummeted, it became clear that the underlying assets were far riskier than initially thought. This led to significant losses for many investors and ultimately contributed to the global financial crisis. As a result, regulatory bodies have since implemented stricter guidelines to ensure that securitization is conducted more transparently and responsibly. In addition to its financial implications, securitization also raises important questions about accountability and transparency in the financial markets. Investors must be able to understand the underlying assets and the risks associated with them. Transparency in the securitization process is essential for maintaining investor confidence and ensuring the stability of the financial system. This has prompted calls for better disclosure practices and improved risk assessment models to help investors make informed decisions. Furthermore, securitization plays a significant role in the economy by providing liquidity to financial institutions, which can then lend to consumers and businesses. This lending supports economic growth by enabling individuals to purchase homes, cars, and other goods, while also allowing businesses to invest in expansion and innovation. Thus, the benefits of securitization extend beyond the financial sector, impacting the broader economy. In conclusion, securitization is a complex yet vital process that has transformed the way financial institutions operate. While it offers numerous advantages, such as increased liquidity and risk diversification, it also poses significant risks that must be carefully managed. The lessons learned from past financial crises underscore the importance of transparency and accountability in the securitization process. As the financial landscape continues to evolve, understanding securitization and its implications will remain essential for investors, regulators, and policymakers alike.

“证券化”这一概念在现代金融环境中至关重要。它指的是将非流动资产转变为证券的过程，这些证券可以出售给投资者。这个过程使机构能够通过将其资产转换为可交易工具来筹集资金。例如，银行可能拥有一组不易交易的抵押贷款。通过使用“证券化”，银行可以将这些抵押贷款打包在一起，创建可以出售给投资者的抵押贷款支持证券（MBS）。这不仅为银行提供了流动性，还为投资者提供了投资多样化资产池的机会。 “证券化”的起源可以追溯到20世纪70年代，当时美国政府赞助的企业开始发行MBS。随着时间的推移，这一做法迅速增长，导致各种类型的资产支持证券（ABS）的产生，包括信用卡债务和汽车贷款等。“证券化”的吸引力在于其能够将风险分散给多个投资者。通过将不同类型的贷款进行打包，任何单一贷款相关的风险都会减轻。这种多样化对寻求降低风险敞口的投资者具有吸引力，同时仍然可以从投资中获得回报。 然而，“证券化”过程并非没有挑战。2008年的金融危机突显了与这一做法相关的一些风险。许多投资者低估了抵押贷款支持证券的风险，这些证券往往被评估为安全投资。当房价暴跌时，底层资产的风险远比最初想象的要高，这一点变得十分明显。这导致许多投资者遭受重大损失，并最终促成了全球金融危机。因此，监管机构随后实施了更严格的指导方针，以确保“证券化”过程更加透明和负责任。 除了金融影响外，“证券化”还引发了有关金融市场问责制和透明度的重要问题。投资者必须能够理解底层资产及其相关风险。“证券化”过程中的透明度对于维持投资者信心和确保金融系统稳定至关重要。这促使人们呼吁改善披露实践和改进风险评估模型，以帮助投资者做出明智的决策。 此外，“证券化”在经济中也扮演着重要角色，通过为金融机构提供流动性，从而使其能够向消费者和企业放贷。这种放贷通过使个人能够购买住房、汽车和其他商品，同时也使企业能够投资于扩展和创新，支持经济增长。因此，“证券化”的好处超越了金融部门，影响着更广泛的经济。 总之，“证券化”是一个复杂但至关重要的过程，改变了金融机构的运作方式。虽然它提供了许多优点，例如增加流动性和风险多样化，但它也带来了必须仔细管理的重大风险。过去金融危机带来的教训强调了在“证券化”过程中透明度和问责制的重要性。随着金融环境的不断发展，理解“证券化”及其影响将继续对投资者、监管者和政策制定者至关重要。