变现性

然而，点心债券的持有者去年秋天已得到教训，离岸人民币债券市场波动性大、可变现性差。

Yet , as bondholders learnt to their cost last autumn , the offshore renminbi bond market is volatile and illiquid .

在促销方面，专家或亲朋推销和公共关系促销是最佳途径，这是由金融创新产品的迅速变现性和安全心理决定的。

Concerning promotion , expert or friend sale and public relation is the best way , which is determined by the rapid cash converting and safety pursuing property .

变现流动性损失超出基金可承担的正常范围时产生流动性危机。

When redemption liquidity lost exceeds the common range , liquidity crisis may break out .

第三，无论投资者是否充分投资，当价格接近全部价值时都会感受到变现的紧迫性。

Third , whether or not an investor is fully invested may influence the urgency of raising cash from a stockholding as it approaches full valuation .

无论在理论上或者是在实践上，商业银行都得在变现能力、安全性和日常经营中的赢利性之间保持一种平衡。

In theory or in practice , it has to maintain the trade-off among three objectives of Liquidity , safety and profitable in its daily operation .

首先是资产的流动性管理，这包括三个方面：确定最佳现金留存量；制定开放式基金最优变现策略；流动性评估及基金资产配置。

First part is the mobility of asset management , which includes three aspects : to determine the optimal cash remaining stock , to develop open-end funds realized optimal strategy for mobility assessment and rational allocation of fund assets .

在适当的参数设置下，组合变现策略出现买入和卖空的情况，充分体现了股票组合变现的策略性。

The buy-in and sell-short emerge in some case of special parameters , which incarnates the tactics in portfolio liquidation .