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The need to meet this demand can then throw the company into a liquidity crisis that may, in some cases, trigger still more downgrades. It all becomes a spiral that can lead to a corporate meltdown. Derivatives also create a daisy-chain risk that is akin to the risk run by insurers or reinsurers that lay off much of their business with others. In both cases, huge receivables from many counterparties tend to build up over time.(At Gen Re Securities, we still have $6.5 billion of receivables, though we've been in a liquidation mode for nearly a year.) A participant may see himself as prudent, believing his large credit exposures to be diversified and therefore not dangerous. Under certain circumstances, though, an exogenous event that causes the receivable from Company A to go bad will also affect those from Companies B through Z. History teaches us that a crisis often causes problems to correlate in a manner undreamed of in more tranquil times.

衍生性金融商品交易也有可能造成骨牌效应的风险,这是因为许多保险业及再保业者习惯将风险分散给其它保险公司,在这类的情况下,钜额的应收款项将随着交易对象的日趋复杂而持续累积,(以通用再保证券来说,虽然已经经过将近一年的清算期,目前仍有高达 65 亿美元的应收款项流通在外),交易的一方或许对于自己相当有信心,认为其钜额的信用风险已经经过适度的分散,因此不会发生任何危险,只有等到某种特殊状况下,一个外部事件导致 A 公司的应收帐款发生问题,从而影响 B 公司,乃至于一路到 Z 公司,历史教训告诉我们危机的发生往往是我们在太平盛世时所梦想不到一连串问题串连所导致的。

An operational definition of time, wherein one says that observing a certain number of repetitions of one or another standard cyclical event (such as the passage of a free-swinging pendulum) constitutes one standard unit such as the second , is highly useful in the conduct of both advanced experiments and everyday affairs of life.

安业务定义的时间,其中一个说,观测了一些重复的一种或另一种标准的周期性活动构成一个标准的单位,如第二次,是非常有用的情况下先进的实验和日常事务的生活。

The dissertation focuses on performance gradient estimation and SRO algorithm of DES aswell as other related topics,such as modeling of DES and discrete event simulation,performancemeasure Hessian matrix estimation,Stochastic Approximationand so on.General Semi-Markov Processis adapted to describe behaviour of DES and discrete eventsimulation.A general result is obtained and applied to analyze strong consistency of performancegradient Perturbation Analysisestimator.Conditions for effectiveness of InfinitesimalPerturbation Analysisare also discussed.New PA algorithms,such as server PA,PA usingDirac generalized function,job sequence PA etc.,are proposed to deal with discreteparameters.Furthermore,strategies of combining PA algorithms with certain iterative rules areanalyzed widely in order to optimize DES parameters and some SRO algorithms are constructed toslove DES optimization problems.

论文将DES性能分析领域中性能梯度估计和单运行仿真优化作为主要的研究对象,探讨了与性能梯度估计有关的DES和离散事件仿真过程建模、高阶导数估计以及随机逼近等理论和方法;建立了具有一般性的DES和离散事件仿真的广义半Markov过程模型;获得了分析性能梯度估计量强相合性的理论结果和无穷小摄动分析算法应用的条件;提出了诸如服务台数目的摄动分析、奇异摄动分析、串联生产线和加工车间中工件加工序的摄动分析等一系列摄动的思想和算法,对连续参数和离散参数都进行了深入的研究;对摄动分析算法同优化规则结合实现仿真优化的策略也进行了广泛的分析,构造了新型的变界截尾的随机逼近算法,并用于DES的单运行仿真优化研究;最后,给出了DES性能分析方法的实证性研究结果。

Spinning off Artiplast into its own event is IMPI's attempt to help address that problem, at least for certain types of firms.

分拆Artiplast到它自己的活动是IMPI试图帮助解决这一问题,至少对某些类型的企业。

He said it was a historic event and that he is certain it will inaugurate a new era and a new relationship between the two countries.

卡尔德隆总统说,这是一次历史性会晤,他坚信这次会晤将开启一个新的时代,以及两国间新的关系。

If we get the combination of a series of key motivation behind certain historical event to account for its occurrence, the parallel universe is the isomorphic combination due to a group of similar motivations; as long as our universe possesses some basic elements to keep parallel with the other one,"coincidental" similarity will appear on the living stage of both sides.

如果我们把某个历史事件的发生归结为事件背后一组关键动因的组合的话,平行的世界则是一组相似动因的同构组合;一旦我们的世界具备了与另一个世界相平行的基本要素,此岸与彼岸之间的生活便会产生"不约而同"的相似性。

Under certain conditions, NHTSA said,"this could result in the passenger airbag being suppressed, which could fail to provide adequate protection in the event of a crash."

在某些情况下,NHTSA称"可能导致乘客气囊被压缩,在车辆发生撞击时无法提供正常的保护。"

The last stage is reached when the Quaestiones from being periodical or occasional become permanent Benches or Chambers-when the judges, instead of being named in the particular law nominating the Commission, are directed to be chosen through all future time in a particular way and from a particular class and when certain acts are described in general language and declared to be crimes, to be visited, in the event of their perpetration, with specified penalties appropriated to each description.

至最后阶段,"审问处"从定期的或临时的变为永久的法院——法官们不再由指派委员会的特定法律加以指定,而是规定在将来用一种特定方法和从一个特定阶级中选任——,并把某种行为用普通文字加以说明和宣布为有罪,如果触犯了,就将处以适合于每一种犯罪的刑罚。

Coming up later in the series we will be in Thailand For the Electric world championships, in Denmark and Germany for major international events and also in a certain shed in Telford for the biggest 1/8th Rallycross event of the year.

今后后来的一系列我们将在泰国的电力世界田径锦标赛,在丹麦和德国的重大国际活动,并在一定大棚德福的最大1/8th Rallycross事件的一年。

Full Tilt Poker 全速扑克 created this event to give the feel of certain tournament that takes place in Vegas every year.

创造这一事件给觉得某些比赛是在拉斯维加斯每年。

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Chrysanthemum of 10 thousand birthday is lax to edaphic requirement, with the arenaceous qualitative loam with fecund, good drainage had better.

万寿菊对土壤要求不严,以肥沃。排水良好的砂质壤土为好。

He unstepped the mast and furled the sail and tied it.

他拔下桅杆,把帆卷起,系住。

Therefore, positively advances the interest rate marketability reform is one of current our country finance reform important tasks.

因此,积极推进利率市场化改革是当前我国金融改革的重要任务之一。