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1·Insurance-linked products, such as catastrophe bonds, are becoming more popular.

诸如巨灾债券等保险相关的产品变得越来越流行。

2·Japan, for example, has issued natural catastrophe bonds or swaps to offset earthquake risk.

以日本为例，它已发行了自然灾害债券或掉期工具，用以抵消地震带来的风险。

3·Hedge funds, in particular, favour three sorts of instruments linked to the changeable climate: weather derivatives, catastrophe bonds and sidecars.

尤其是对冲基金，特别偏好三种与变化的气候相联系的金融工具：气候衍生品，巨灾债券，以及sidecars。

4·In it's various forms of the securitization of catastrophic risks, catastrophe bonds become one of the most successful for the largest circulation.

在巨灾风险证券化的多种形式中，巨灾债券以最大的发行量成为最成功的一种。

5·But Francis Ghesquiere of the World Bank doubts that a country as poor as Haiti, with no experience on international bond markets, will start issuing catastrophe bonds.

然而，世界银行的盖斯奇埃尔(Francis Ghesquiere)怀疑，一个像海地一样穷的国家，在国际证券市场上也没有任何经验，究竟可不可以发行这样的灾难债券呢？

6·The bonds can be viewed as a kind of catastrophe insurance for which a premium is received in return for a small chance of a big loss.

债券可以被看做是一种可能带来灾难的保险，因为它可以获得报酬，同时遭受严重损失的概率又很小。

7·These bonds allow investors to diversify their assets and pay much higher interest rates to compensate for the risk of the issuer not repaying the principal in the event of a major catastrophe.

这些债券让投资者得以实现资产多元化，而且这些债券的利率很高，可以补偿发行机构在巨灾发生后本金得不到偿付所带来的风险。

8·There are issuers, investors and SPV in the CAT bonds issuing market. National insurers and enterprises can also apply CAT bonds to managing catastrophe risk.

运用巨灾债券转移、分散巨灾风险显然对我国保险公司、再保险公司及大型企业的风险管理具有明显的借鉴意义。