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Insurance | | English term or phrase: tenor | | Could anyone please help me with the term "tenor"please? It goes like "hybrid securities meet certain requirements involving features such as subordination, coupon deferral and tenor".Many thanks |
| Sam QKudoZ activityQuestions: 147 ( 2 open) ( 1 without valid answers) Answers: 0
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| | Chinese translation:期限（较长） | Explanation:
这里的subordination, coupon deferral and tenor是指hybrid的（股票，equity）特性
subordination指相对其他负债，hybrid的优先级较低（即发行商破产时，优先偿还传统的debt，比如银行贷款，随后才偿还hybrid）。这一点类似股票，因为股票是所有债都还完之后，剩下的再分给股东。
coupon deferral已经解释。
tenor是指hybrid的期限。一般来说，hybrid的期限都很长（类似股票，股票是无限期的）。所以如果期限太短，也不够hybrid的资格。 |
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Local time: 07:13
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