| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | English term or phrase: | provision of credit wrap | | Chinese translation: | 提供信用“打包” | | Entered by: | Sam Q |
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English to Chinese translations [PRO]
Insurance | | English term or phrase: provision of credit wrap | | Can anyone help me with the term "provision of credit wrap"please? I cannot find Chinese for "credit wrap"(A form of financial guarantee insurance, covering not all debts of the borrower, but a specific loan, debt issuance, or other financial transaction.) Many thanks |
| Sam QKudoZ activityQuestions: 147 ( 1 open) ( 2 without valid answers) Answers: 0
United Kingdom
| | Local time: 16:35
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| | 提供信用“打包” | Explanation:
由于asker基本上这些问题都涉及保险费收益证券化，所以这里应该是特定指在insurance securitization过程中，由bond issuer（而不是insurer）提供credit coverage，即由债券发行商提供信用担保，负责向购买证券的投资人支付本息；债券发行商再另行向保险商收取一定的手续费作为提供信用担保的premium（溢价）。
这里的wrap就相当于将证券化中涉及的所有credit（信用风险）全部打包，由bond issuer承担。
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| Selected response from:
LoyalTrans
China
Local time: 00:35
| Grading comment agree thanks!!
4 KudoZ points were awarded for this answer |
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