The euro tranche , with a coupon of 4 . 25 per cent , was priced to yield 40 basis points over the swap rate a measure of the interest charged by banks when lending to each other 此次欧元债券的票面利率为4 . 25 % ，其定价较掉期利率贴水40个基点，所谓掉期利率指的是银行间相互借贷时的利率指标。
The discount on the december official selling price to europe of the higher - quality arab light has narrowed from $ 7 . 05 to $ 6 . 60 , while that of lesser - quality arab heavy has narrowed from $ 13 . 70 to $ 12 . 70 12月份，供应欧洲的较高质量阿拉伯轻质原油官方售价贴水已从7 . 05美元缩小至6 . 60美元，同时品质稍低的阿拉伯重油贴水已从13 . 70美元缩小至12 . 70美元。
Analysts concluded that a cut in output had enabled saudi arabia to set a higher price reflected in a narrowing this week of the discount in its oil export price to the benchmark brent crude price traded in london 分析师推断，削减产量已使沙特有能力制定更高的价格，这一点已在如下事实中有所反映：本周沙特石油出口价对伦敦交易的基准布伦特原油价格之间的贴水正在缩小。
The fact that the three - month swap price has instead been down to a discount of about up to 50 pips in recent weeks is perhaps an indication of some inflow . however , too large a premium or discount should create arbitrage activities that limit further deviation 但近星期来的实际情况是3个月掉期价不但没有升水，反而曾经贴水多达50点子左右，这正可能显示有些资金流入港元。
The swap price is expressed in terms of the differential in the exchange rates of the hong kong dollar against the us dollar when the swap is made spot and when the swap is reversed forward , with one cent being 100 swap pips 市场上的掉期价，是指在掉期交易中以港元换美元的汇率即现汇，与逆向以美元换回港元的汇率即期汇之间的差距，而无论升水或贴水都以100掉期点子代表1港分。
Because the value assessment should serve for specific business transactions , it is important to comprehensively analyze company ' s value at the standpoint of investors . if the company ' s controlling rights are transferred , it is required to take controlling rights premium into account 公司价值评估要服务于特定的商业交易，因而要从投资者的角度全面综合分析目标公司的价值，如果发生控制权转移，还要考虑控制权贴水因素。
The amount a price would be reduced to purchase a commodity of lesser grade ； ( 2 ) sometimes used to refer to the price differences between futures of different delivery months ， as in the phrase “ july at a discount to may ” ， indicating that the price for the july futures is lower than that of may 由于购买等级较低的商品而产生的支出被减少的部份； ( 2 )也指不同月份的期货合约间的价差，如“ 7月合约对5月合约贴水”就是指7月合约的价格比5月合约的价格要低。
There are a lot of conclusions yet in debt financing and stock financing : for example debt financing is superior to stock financing because of the existence of tax shield and risk premium , but obviously many this kind of conclusions are overthrown during our country ' s economical operation 债权与股权融资本来已经有许多结论：如由于税盾与风险贴水，债务融资优于股票融资；融资顺序理论等。但显然在我国经济运行中许多这种结论被否定，好像是出现了无效率。
To develop venture capital , firstly need to scientifically appraise its value . on the contrary , traditional dcf will not only meet insurmountable difficulties , but also ignore the value of operation flexibility in venture capital enterprises , which assumes venture investor who makes decisions only could take rigid tactics 发展创业企业首先需要对创业企业价值进行科学评估，而传统的折现现金流量法不但在确定风险调整贴水率时会遇到难以克服的困难，而且这种方法忽视了创业投资企业中可能包含的经营灵活性的价值，假定创业投资家在进行投资决策时只能采取刚性的策略。
