自营证券

上述“待处分证券”包括本公司按照相关规定扣取的结算参与人自营证券账户中证券。

The aforesaid " securities to be settleddisposed " include the securities in the self-operating securities account of the clearing participant which are deducted by the company subject to relevant regulations .

我国证券公司所依存的特殊的金融环境，使得既有的资本监管规定既无法有效监控证券公司自营证券投资风险，又造成了证券公司缺乏积极的内部风险管理。

The special financial environment that Chinese securities firms depend on makes the rules of capital regulation unable effectively to monitor the self-management securities investment risk and causes the securities firms to lack the actively internal risk management .

分公司经授权经营证券自营业务或者证券资产管理业务的，不得经营其他业务。

A branch that has been authorized to engage in securities business for the account of the securities company or securities asset management business may not engage in other businesses .

目前，证券公司风险一般可分为证券自营风险和证券经纪业务风险，证券自营风险分为基本风险和经营管理风险，包括：利率风险、购买力风险、政治风险及企业经营风险和违约风险；

Security company risk can be divided into self-operational risk and broker risk . Self-operational risk includes basic risk and management risk , which are interest risk , purchase power risk , political risk , operational risk , and credit risk ;

在整个证券市场中，上市公司要通过证券公司的保荐才能上市，股民要通过证券公司提供通道才能交易，证券公司自身也通过承销和自营参与到证券市场的交易之中。

In the stock market as a whole , listed companies by securities companies can sponsor on the stock exchange , to investors through securities companies in order to provide access transactions , securities firms through their own self-involved in underwriting and trading in the securities market .