This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. English to Chinese
  3. Finance (general)

B-piece sale

Chinese translation: B类证券上市(销售)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:B-piece sale
Chinese translation:B类证券上市(销售)
Entered by: ShelleyX

14:22 Aug 27, 2008
English to Chinese translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: B-piece sale
It appears in the context of securitization profit of a CMBS deal.

Along with {B-piece sale} are A-piece sale, initial underwriting, etc.

But I've no idea what it is...

Anyone can help? Thanks a lot!
ShelleyX
Australia
Local time: 01:19
B类证券上市(销售)
Explanation:
From the link given by karcsy:
Usually the securitizing agent issues
bonds or short-term commercial paper
backed by the pooled loans. The securities
are often sold as "A piece"/ "B piece"
structured debt instruments. This process
involves the division of the debt into senior
("A piece") and subordinate ("B piece")
tranches; the A piece is often attractive to
institutional investors, while the more risky
B piece, either retained by the lender or
purchased by less risk-averse investors,
absorbs most of the credit risk from the
commercial loans.
Selected response from:

Arthly
China
Local time: 23:19
Grading comment
Thanks to you all!
4 KudoZ points were awarded for this answer



Summary of answers provided
3B型债券的拍卖
karcsy
3B类证券上市(销售)
Arthly


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
b-piece sale
B型债券的拍卖


Explanation:
description of a-peice, b-piece canbe seen at the linkbelow. Although is can be a structured debt security, but to play safe,I suggest just translate as 债券 and not 结构性债券.


[PDF] Communities and Banking, Summer 1998File Format: PDF/Adobe Acrobat - View as HTML
the sale of securities backed by small business and even. microenterprise loans. ..... are often sold as "A piece"/ "B piece". structured debt instruments. ...
www.bos.frb.org/commdev/c&b/1998/summer98.pdf - Similar pages

karcsy
Local time: 23:19
Works in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 102
Login to enter a peer comment (or grade)

4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
b-piece sale
B类证券上市(销售)


Explanation:
From the link given by karcsy:
Usually the securitizing agent issues
bonds or short-term commercial paper
backed by the pooled loans. The securities
are often sold as "A piece"/ "B piece"
structured debt instruments. This process
involves the division of the debt into senior
("A piece") and subordinate ("B piece")
tranches; the A piece is often attractive to
institutional investors, while the more risky
B piece, either retained by the lender or
purchased by less risk-averse investors,
absorbs most of the credit risk from the
commercial loans.



    Reference: http://recklessboy.blog.163.com/blog/static/6518732200831095...
Arthly
China
Local time: 23:19
Specializes in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 8
Grading comment
Thanks to you all!
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search