collateral trust bond

简明释义

以证券作抵押的债券

英英释义

例句

1.The collateral trust bond was rated highly by credit agencies, indicating strong backing.

该担保信托债券获得了信用评级机构的高评级，表明有强有力的支持。

2.In a collateral trust bond arrangement, the assets pledged serve as security for the bondholders.

在担保信托债券安排中，所抵押的资产作为债券持有人的担保。

3.Investors are attracted to the collateral trust bond due to its lower risk profile compared to unsecured debt.

投资者对这种担保信托债券感兴趣，因为它相较于无担保债务风险更低。

4.When the firm defaulted, the holders of the collateral trust bond were first in line to recover their investments.

当公司违约时，担保信托债券的持有人是首批恢复投资的人。

5.The company issued a collateral trust bond to secure its long-term financing needs.

公司发行了一种担保信托债券以确保其长期融资需求。

作文

In the world of finance, various instruments are used to facilitate investment and borrowing. One such instrument is the collateral trust bond, which serves as a vital tool for both issuers and investors. To fully understand this concept, it is important to explore its definition, structure, and purpose in the financial markets.A collateral trust bond is essentially a type of secured bond that is backed by specific assets held in trust. This means that the issuer pledges certain collateral, such as stocks, bonds, or other securities, to guarantee the repayment of the bondholder. The trust acts as a safeguard for investors, ensuring that they have a claim on the collateral in the event of default by the issuer. This added layer of security makes collateral trust bonds an attractive option for risk-averse investors.The structure of a collateral trust bond typically involves a legal agreement between the issuer and the trustee, who holds the collateral on behalf of the bondholders. The trustee is responsible for managing the collateral and ensuring that it remains adequate to cover the bond's obligations. In case the issuer fails to meet its payment obligations, the trustee has the authority to liquidate the collateral to repay the bondholders. This arrangement provides a level of protection that is not present in unsecured bonds, where investors rely solely on the issuer's creditworthiness.One of the primary purposes of issuing collateral trust bonds is to lower the cost of borrowing for companies. By providing collateral, issuers can often secure lower interest rates compared to unsecured debt instruments. This is particularly beneficial for companies that may have a less-than-stellar credit rating but possess valuable assets that can be pledged as collateral. Investors, in turn, are more likely to invest in these bonds due to the reduced risk associated with the collateral backing.Moreover, collateral trust bonds can also enhance liquidity in the financial markets. Since these bonds are backed by tangible assets, they can be easier to sell in secondary markets. Investors looking to exit their positions may find it simpler to sell a collateral trust bond than an unsecured bond, especially during times of market volatility when confidence in issuers may wane.However, it is important to note that investing in collateral trust bonds is not without risks. While the collateral does provide a safety net, the value of the underlying assets can fluctuate. If the collateral loses significant value, it may not fully cover the bond's obligations in the event of default. Additionally, the quality and liquidity of the collateral itself are crucial factors that investors must consider before investing in these bonds.In conclusion, the collateral trust bond is a significant financial instrument that offers both issuers and investors a unique way to manage risk and secure financing. By understanding the structure, purpose, and potential risks associated with collateral trust bonds, investors can make informed decisions that align with their financial goals. As the financial landscape continues to evolve, the relevance of collateral trust bonds in facilitating capital flows and enhancing investor confidence remains strong, making them an essential component of modern finance.

在金融世界中，各种工具被用来促进投资和借贷。其中一种工具是担保信托债券，它为发行者和投资者提供了重要的手段。要全面理解这一概念，重要的是探讨其定义、结构和在金融市场中的目的。担保信托债券本质上是一种有担保的债券，由特定资产作为信托支持。这意味着发行者承诺以某些抵押品（如股票、债券或其他证券）来保证对债券持有人的偿还。信托作为投资者的保障，确保他们在发行者违约时对抵押品有索赔权。这一额外的安全层使得担保信托债券成为风险厌恶型投资者的一个吸引选项。担保信托债券的结构通常涉及发行者与受托人之间的法律协议，受托人为债券持有人持有抵押品。受托人负责管理抵押品，确保其保持足够的价值以覆盖债务。如果发行者未能履行支付义务，受托人有权处置抵押品以偿还债券持有人。这一安排提供了一种无担保债券所没有的保护水平，后者的投资者完全依赖于发行者的信用状况。发行担保信托债券的主要目的是降低公司的借款成本。通过提供抵押品，发行者通常可以获得比无担保债务工具更低的利率。这对那些信用评级不佳但拥有可作为抵押品的有价值资产的公司尤其有利。反过来，投资者也更可能投资这些债券，因为抵押品带来的风险较小。此外，担保信托债券还可以增强金融市场的流动性。由于这些债券由有形资产支持，因此在二级市场上更容易出售。希望退出头寸的投资者可能会发现，出售担保信托债券比出售无担保债券更简单，尤其是在市场波动时期，当对发行者的信心可能减弱时。然而，需要注意的是，投资担保信托债券并非没有风险。尽管抵押品确实提供了安全网，但基础资产的价值可能会波动。如果抵押品大幅贬值，可能无法完全覆盖债务的义务。此外，抵押品本身的质量和流动性是投资者在投资这些债券之前必须考虑的关键因素。总之，担保信托债券是一种重要的金融工具，为发行者和投资者提供了一种独特的方式来管理风险和获得融资。通过理解与担保信托债券相关的结构、目的和潜在风险，投资者可以做出符合其财务目标的明智决策。随着金融环境的不断演变，担保信托债券在促进资本流动和增强投资者信心方面的相关性仍然强劲，使其成为现代金融的重要组成部分。