现代国际资本市场与投资银行(英文版)(ppt 44页)

现代国际资本市场与投资银行(英文版)内容提要：
(1) Adjusted Assets represent Total Assets less securities purchased under agreements to resell and the  receivable for  securities provided as collateral.
(2) Net Adjusted Assets represent Adjusted Assets less securities borrowed.
(3) Leverage Ratio equals Total Assets divided by stockholders’ equity and preferred stock issued by  subsidiaries.
(4) Adjusted Leverage ratio equals Adjusted Assets divided by stockholders’ equity and preferred stock issued by subsidiaries.
(5) Net Adjusted Leverage equals Net Adjusted Assets divided by stockholders’ equity and preferred stock issued by  subsidiaries.
    Buyers and sellers place orders with broker Brokers route orders to market maker.Individual traders sort through orders……and maker matche sone by one
Market maker completes  the transaction and   pockets the “spread”between buy and sell prices.

 

 

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