赎回的

PrimeCredit fixed-income securities researcher Chang-jun said that the hippocampus of convertible bonds for example, the early redemption Back to the provisions of -"company's share price 30 consecutive trading day, at least 20 trading days is higher than the current price of 130% Convertible hippocampus shares have the right to the face value of 103% the redemption price of non-transfected hippocampus convertible shares ", that is, the hippocampus 120 convertible price even higher than 130 yuan, the listed companies out of concern ahead of the redemption, bond investors tend to choose large-scale Convertible.

安信固定收入证券研究员长军说，例如可转换债券海马，提早赎回回的规定-"公司的股价连续30个交易日，至少有20个交易日是比当前价格高出130 ％可转换海马的股价已到了103％，票面价值的赎回价格的非转染海马兑换股票"的权利，即，海马120可兑换的价格甚至高于130元的上市公司关注提前赎回，债券投资者倾向于选择大型敞篷车。

Notwithstanding Section 9-207 of the New York Uniform Commercial Code, Forex.com shall have the right to sell, pledge, rehypothecate, assign, invest, commingle and otherwise use any Collateral it holds (including, but not limited to, using the Contracts as collateral for a loan to Forex.com) free from any claim or right of any nature whatsoever of the Customer, including any equity or right of redemption by the Customer and to register any Collateral in the name of Forex.com, its custodian or a nominee for either.

不论纽约州统一商业法法规第9条第207款有何规定，FOREX.com将有权出售、再抵押、转让、投资、混合及以其他方式使用所持的抵押品(包括，但不限于，以合同作抵押为FOREX.com借款)，客户没有权利为上述行为提起索赔或类似的权利，包括衡平法上的权利或赎回的权利。FOREX.com有权将任何抵押品登记在其名下，或其托管人或名义上替前两者持有抵押品的人的名下。

Since the first open-end fund issue, there are 5th redemption, which also reveals more profound form of market phenomena causing open-end fund liquidity risk. In 2002, the open-end fund market was just established, in order to expand the size, many funds only attract institutional investors, and do not distinguish between investor by their liquidity preference. Under such single structure, institutional investors large size redemption will cause fund scale reduced significantly, which suffered huge losses. In 2003, as the Funds growth, more and more retail investors join in fund market and occupy a dominant position. Due to the lack of awareness of the fund market, they all use the concept of stock investment.

自开放式基金成立以来，中国历史上的5次赎回也更深刻的揭示了构成开放式基金流动性风险的市场现象。2002年为开放式基金成立初期，很多基金为了吸纳资本，扩大规模，只面向机构投资者融资，并且不区分投资者的流动性偏好，在这种单一的结构下，机构投资者的大额赎回就导致基金规模的锐减，从而遭受巨大损失。2003年，随着基金的发展，越来越多的散户介入其中并占据主导地位，由于缺乏对基金市场的认识，按照原有投资股票的理念投资基金，所以在低迷的股市稍有起色，基金稍有赢利时，就开始赎回，造成了多只基金净值的损失。2005年，保险行业可以直接入市，再加之逐渐回升的行情和基金公司高额的手续费，很多保险公司开始赎回持有的基金转而直接入市。

The gross redemption yield of a bond is simply the average rate at which the sum of the future coupon payments and redemption proceeds are discounted to equate their value to the current market price.

赎回毛收益率是指将未来票息利率与赎回收益总额折现为当前市场价格的中间汇率。

Our analysis framework relies on the reflected Backward Stochastic Differential equation approach.We characterize the value functions of the noncallable bonds in terms of the reflected Backward Stochastic Differential equation,Then the relationship between the value function of convertible bonds and reflected backward stochastic differential equations with single reflect is built at the same time,and provide the optimal conversion strategy for bondholders.2:We get the value of non-callable convertible bonds by numerical methods.

探讨了可转换债券的最优停时价值与带反射边界倒向随机微分方程解的关系，在市场完备，公司价值只包括股权和可转债这两种权益等各种假定下，给出不可赎回可转换债券的价值函数，证明了不可赎回可转换债券的最优停时问题的解是存在的，同时给出了其最优的转换策略。2：通过数值方法求解不可赎回可转换债券的价值。

Thou at the sight Pleas'd, out of Heaven shalt look down and smile, While by thee rais'd I ruin all my Foes, Death last, and with his Carcass glut the Grave: Then with the multitude of my redeemd [ 260 ] Shall enter Heaven long absent, and returne, Father, to see thy face, wherein no cloud Of anger shall remain, but peace assur'd, And reconcilement; wrauth shall be no more Thenceforth, but in thy presence Joy entire.

您看见高兴，从天上俯瞰微笑，那时，我由于您的提携，歼灭一切敌人，最后歼灭的是'死'，他的尸首将被塞满坟墓。然后，我带领所赎回的大众，进入久别的天庭，回家与您重聚，父亲啊，您的脸上将，不再残留丝毫愤怒的阴云，只有确定的和平与和解：从那时起，您的怒气消失了，呈现在您面前的只有一片喜悦。

That is, salvation includes that which is given, freely and finally, by God's grace (forgiveness, called in one epistle justification, friendship; or reconciliation, atonement, sonship, and new birth); that which is continually imparted (santification, growing emancipation from all evil, growing enrichment in all good, the enjoyment of eternal life, experience of the Spirit's power, liberty, joy, advancing maturity in conformity to Christ); and that still to be attained (redemption of the body, perfect Christlikeness, final glory).

那就是救亡包括认为这是由於在自由和最后，是由上帝的恩典（宽恕，所谓在一个书信理由，友谊；或和解，赎罪， sonship ，新出生），即是不断地传授（ santification ，越来越多的解放从一切邪恶，越来越丰富，在所有的好，享受永恒的生命，经验，精神的权力，自由，快乐，与时俱进成熟符合基督），并仍然要达到的（赎回的身体，完美的christlikeness ，最后荣耀）。

That is, salvation includes that which is given, freely and finally, by God's grace (forgiveness, called in one epistle justification, friendship; or reconciliation, atonement, sonship, and new birth); that which is continually imparted (santification, growing emancipation from all evil, growing enrichment in all good, the enjoyment of eternal life, experience of the Spirit's power, liberty, joy, advancing maturity in conformity to Christ); and that still to be attained (redemption of the body, perfect Christlikeness, final glory).

那就是救亡包括认为这是由于在自由和最后，是由上帝的恩典（宽恕，所谓在一个书信理由，友谊；或和解，赎罪， sonship ，新出生），即是不断地传授（ santification ，越来越多的解放从一切邪恶，越来越丰富，在所有的好，享受永恒的生命，经验，精神的权力，自由，快乐，与时俱进成熟符合基督），并仍然要达到的（赎回的身体，完美的christlikeness ，最后荣耀）。

Net redemption rates are relatively high, but compared to the second quarter, the three fund net redemption rate has been reduced.

净赎回率较高，但相对于第二季度，这三个基金的净赎回率有所下降。

Chapter two introduces open-end fund redemption and unit net value.

第二章开放式基金赎回与单位净值相关介绍，阐述了开放式基金赎回和基金单位净值的定义和性质，然后介绍了国内外对于开放式基金赎回行为的研究。

I'm strongly against the death penalty — it's an eye for an eye.

我不赞成死刑——这是以牙还牙的报复行为。

And to get you the support you need, we're enlisting all elements of our national power: our diplomacy and development, our economic might and our moral suasion, so that you and the rest of our military do not bear the burden of our security alone.

并给你们所须的支援，我们正徵召国家所有各种的力量：我们的外交及发展，我们的经济力量与道德劝说，所以你们与其他军人不须要孤独地负起国家安全的责任。