billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: In millions of dollars

assistant: 以百萬元列示
user: Please translate the following sentence from English to Chinese:  Provides a range of services for high net-worth individual clients and corporate clients.

assistant: 向高端個人及機構客戶提供一系列服務。
user: Please translate the following sentence from English to Chinese: The firm sells residential and commercial mortgage loans and securities to mortgage-backed VIEs and corporate bonds and loans to corporate CDO and CLO VIEs and may retain beneficial interests in the assets sold to these VIEs.

assistant: 公司向按揭抵押可變權益實體出售住宅及商業按揭貸款及證券，並向企業債務抵押承擔及貸款抵押承擔可變權益實體出售公司債券及貸款，且可保留對售予該等可變權益實體的資產的實益權益。
user: Please translate the following sentence from English to Chinese: The determination of other-thantemporary impairment requires judgment and will depend on several factors, including but not limited to the severity and duration of the decline in value of the investment securities and the financial condition of the issuer.

assistant: 非臨時性減值的釐定須作出判斷，並視乎多項因素而定，包括（但不限於）投資證券減值的嚴重性，投資證券價值維持下降的期間，以及發行人之財務狀況，以及維持期間，並須作出判斷。
user: Please translate the following sentence from English to Chinese: and it outlines the sensitivities of those fair values to immediate 10% and 20% adverse changes in those assumptions.

assistant: 以及該等公平值對此等假設中10%及20%即時不利變動的敏感度。
user: Please translate the following sentence from English to Chinese: 3.2.4 Collateral The Group employs a range of policies and practices to mitigate credit risk. The most traditional of these is the taking of collateral.

assistant: 3.2.4 抵押品 本集團採用一系列政策及方法減低信用風險，其中最慣常的做法爲取得抵押品。
user: Please translate the following sentence from English to Chinese: 2,000 Warrants

assistant: 2,000 份權證
user: Please translate the following sentence from English to Chinese: 31/12/2009 Purchase

assistant: 31/12/2009 購買
user: Please translate the following sentence from English to Chinese: For example, Citi has previously experienced widening of its credit spreads and thus increased costs of funding due to concerns about its Eurozone exposure.

assistant: 例如，Citi 之前曾經歷信貸息差擴闊，因而就市場對其歐元區風險的擔憂而增加融資成本。
user: Please translate the following sentence from English to Chinese: This enables us to make the most of our existing talent and strengthen our business continuity.

assistant: 這令我們能積極運用現在人才，以及加強我們業務的延續性。
user: Please translate the following sentence from English to Chinese: Trading gain from listed investments .

assistant: 上市投資的交易收益 .
user: Please translate the following sentence from English to Chinese: or (ii) have expired worthless, and thereby cancel the relevant Warrants.

assistant: 或 (ii)過期作廢的認股證之認股證之持有人姓名，並註銷有關認股證。
user: Please translate the following sentence from English to Chinese: In accordance with the terms and conditions of the 2019 8.625% Senior Notes, on 21 February 2017, the Company has exercised its right to redeem in full the aggregate principal amount of US$300,000,000 of the 2019 8.625% Senior Notes before their maturity (the “Redemption”) at a total redemption price of US$312,937,500, representing 104.3125% of the principal amount of the 2019 8.625% Senior Notes plus accrued and unpaid interest.

assistant: 根據2019年8.625%優先票據之條款及條件，於2017年2月21日，本公司已行使其權利以總贖回價312,937,500美元於其到期前悉數贖回本金總額300,000,000美元的2019年8.625%優先票據（「贖回」），總贖回價相當於2019年8.625%優先票據本金額之104.3125%另加應計及未付的利息。
user: Please translate the following sentence from English to Chinese: Singapore, Singapore

assistant: 新加坡，新加坡
user: Please translate the following sentence from English to Chinese: These incorporate comprehensive and current information, such as publicly available market data, macroeconomic parameters, as well as economic forecasts by respected economic institutes and associations.

assistant: 這些計劃及預測包括全面及現時的資料，如公開可獲取的市場資料、宏觀經濟參數，權威經濟機構及協會的經濟預測。
user: Please translate the following sentence from English to Chinese: 3 July 2018

assistant: 2018 年 7 月 3 日
user: Please translate the following sentence from English to Chinese: The Cash Distribution per Share OD:

assistant: 每股現金分派 OD：
user: Please translate the following sentence from English to Chinese: Note 3. Significant Accounting Policies

assistant: 附註3. 重要會計政策
user: Please translate the following sentence from English to Chinese: Underlying Company Huatai Securities Co., Ltd. China Literature Limited CGN Power Co., Ltd. Meitu, Inc. MGM China Holdings Limited

assistant: 掛鉤公司 華泰證券股份有限公司閱文集團中國廣核電力股份有限公司美圖公司美高梅中國控股有限公司
user: Please translate the following sentence from English to Chinese: OUR GUARANTOR'S REGISTERED OFFICE Gotthardstrasse 43 CH-8002 Zurich, Switzerland

assistant: 我們的擔保人的註冊辦事處 Gotthardstrasse 43 CH-8002 Zurich, Switzerland
user: Please translate the following sentence from English to Chinese: all operational staff are required to perform operational controls planned in the procedures, in order to monitor the compliance with the applicable rules and procedures governing all transactions carried out;

assistant: 所有營運人員須執行程序中所規劃的營運監控，以檢視有否遵守規管訂立所有交易的適用規則及程序；
user: Please translate the following sentence from English to Chinese: Through December 31, 2011, 25 percent of the whole-loan claims that the Corporation initially denied have subsequently been resolved through repurchase or make-whole payments and 50 percent have been resolved through rescission or repayment in full by the borrower.

assistant: 截至二零一一年十二月三十一日，25% 本公司最初拒絕的整體貸款申索隨後透過購回或提前贖回解決，而 50% 透過撤銷或由借款人悉數償還得以解決。
user: Please translate the following sentence from English to Chinese: If the Issuer determines, in its sole discretion, that on the Valuation Date a Market Disruption Event has occurred, then the Issuer shall determine the Closing Level on the basis of its good faith estimate of the Closing Level that would have prevailed on that day but for the occurrence of the Market Disruption Event provided that the Issuer may, if applicable, but shall not be obliged to, determine such Closing Level by having regard to the manner in which futures contracts relating to the Index are calculated.

assistant: 如果發行人行使其絕對酌情決定權，認定在估值日發生市場中斷事件，發行人須誠信地估計該日如果無發生市場中斷事件時的收市水平，並在此基礎上確定收市水平，但發行人在確定收市水平時可（如適用）（但無義務）參照指數相關的期貨合約的計算方法。
user: Please translate the following sentence from English to Chinese: JPMorgan Chase Bank, N.A. had previously adopted SFAS 123, effective January 1, 2003, using the prospective transition method. Under SFAS 123, JPMorgan Chase Bank, N.A. accounted for its stock-based compensation awards at fair value, similar to the SFAS 123R requirements.

assistant: JPMorgan Chase Bank, N.A.之前曾採納 SFAS第 123號（採用預期過渡法），自二零零三年一月一日起生效。 根據 SFAS第 123號，JPMorgan Chase Bank, N.A.按公平值把以股份爲基礎的酬金入賬，與 SFAS第 123R號的規定相似。
user: Please translate the following sentence from English to Chinese: If a loan and receivable or held-to-maturity asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

assistant: 倘貸款及應收款項或持有至到期資產的利率爲非定息，用以計算任何減損的貼現率則爲合約釐定的現時實際利率。
user: Please translate the following sentence from English to Chinese: (b) may from time to time engage in transactions involving the Underlying Assets for its accounts and/or for accounts under its management and/or to hedge against the market risk associated with issuing the Structured Products.

assistant: (b) 可不時爲本身之戶口及或所管理之戶口及或爲對沖發行結構性產品之市場風險而參與牽涉相關資產之交易。
user: Please translate the following sentence from English to Chinese: Upon the occurrence of a mandatory call event, we or our related party may unwind any hedging transactions relating to the CBBCs.

assistant: 回事件時，本公司或本公司的有關各方 可將牛熊證相關的任何對沖交易平倉。
user: Please translate the following sentence from English to Chinese: You have limited anti-dilution protection under the General Conditions and the relevant Product Conditions of the Structured Products.

assistant: 閣下在結構性衍生工具之一般條件及／或相關產品條件下，只獲有限的反攤薄保障。
user: Please translate the following sentence from English to Chinese: Number of CBBC(s) per Entitlement

assistant: 每項權益之牛熊證數目
user: Please translate the following sentence from English to Chinese: At March 31, 2011, our total unresolved repurchase claims totaled approximately $13.6 billion compared to $10.7 billion at December 31, 2010.

assistant: 於二零一一年三月三十一日，未解決購回索償總額合共約爲136億美元，而二零一零年十二月三十一日則爲107億美元。
user: Please translate the following sentence from English to Chinese: You may lose all of your investment in a particular series of CBBCs if:

assistant: 倘出現下列情況，則閣下可能會損失於有關係列牛熊證之全部投資：
user: Please translate the following sentence from English to Chinese: You will be deemed to have made certain representations and warranties in connection with purchasing the Structured Products.

assistant: 閣下將被視作已就購買結構性產品作出若干聲明及保證。
user: Please translate the following sentence from English to Chinese: During the current year, HK$191m (2010: HK$170m) was recognised as rental income in the income statement in respect of operating leases.

assistant: 本年度在收益表就經營租賃確認的租金收益爲 1.91 億港元（2010 年：1.7 億港元）。
user: Please translate the following sentence from English to Chinese: - our related transaction cost;

assistant: - 我們的有關交易成本；
user: Please translate the following sentence from English to Chinese: ● What are the factors determining the price of a derivative warrant?

assistant: ●哪些因素釐定衍生認股權證的價格?
user: Please translate the following sentence from English to Chinese: Average Active Equity:

assistant: 平均活躍股本：
user: Please translate the following sentence from English to Chinese: Securities JPMorgan Chase Bank, N.A. intends to sell(a)

assistant: JPMorgan Chase Bank, N.A. 擬出售的證券(a)
user: Please translate the following sentence from English to Chinese: Goldman Sachs generated net revenues of $10.62 billion, the highest quarterly result in four years.

assistant: 高盛產生收入淨額106.2億元，爲四年內錄得最高的季度業績。
user: Please translate the following sentence from English to Chinese: A meeting may be convened by the Issuer or by the Warrantholder holding not less than 10 percent of the Warrants for the time being remaining unexercised.

assistant: 發行人或持有不少於 10%的當時未行使權證的持有人可召開會議。
user: Please translate the following sentence from English to Chinese: 40 Legal proceedings and regulatory matters The group is party to legal proceedings and regulatory matters in a number of jurisdictions arising out of its normal business operations. Apart from the matters described below, the Bank considers that none of these matters are material.

assistant: 40 法律訴訟及監管事宜 本集團在多個司法管轄區內因日常業務運作而牽涉法律訴訟及監管事宜。 除下文所述者外，本行認爲此等事宜無一屬重大者。
user: Please translate the following sentence from English to Chinese: If its risk management framework proves ineffective, JPMorgan Chase could suffer unexpected losses and could be materially adversely affected.

assistant: 倘JPMorgan Chase的風險管理架構證實無效，JPMorgan Chase會承受預計以外的損失，或會受到重大不利影響。
user: Please translate the following sentence from English to Chinese: You can read and inspect a copy of these consolidated financial statements by going to the offices of J.P. Morgan Securities (Asia Pacific) Limited at 25/F, Chater House, 8 Connaught Road Central, Hong Kong.

assistant: 此綜合財務報表全文於J.P. Morgan Securities (Asia Pacific) Limited於香港幹諾道中8號遮打大廈 25樓之辦事處可供查閱。
user: Please translate the following sentence from English to Chinese: and Valuation Date means, subject as provided in Condition 4(d) below in relation to a Market Disruption Event, each of the five Business Days immediately preceding the Expiry Date.

assistant: 及 估值日指緊接到期日前五個營業日各日，但受限於以下細則 4(d) 有關市場干擾事件的規定。
user: Please translate the following sentence from English to Chinese: For off-balance sheet items the balance sheet equivalent is calculated first, on the basis of internal conversion factors.

assistant: 至於資產負債表外項目，資產負債表等價物首先參考內部轉換因素而計算。
user: Please translate the following sentence from English to Chinese: Total staff levels decreased 4% compared with the end of the second quarter of 2011. Non-Compensation Expenses Non-compensation expenses were $2.74 billion, 21% higher than the third quarter of 2010 and 11% higher than the second quarter of 2011.

assistant: 與二零一一年第二季末相比，總僱員水平下跌4%。 非薪酬開支 非薪酬開支爲27.4億元，較二零一零年第三季高21%及較二零一一年第二季高11%。
user: Please translate the following sentence from English to Chinese: founder and chairman of Primavera Capital Limited;

assistant: 春華資本集團創辦人兼主席；
user: Please translate the following sentence from English to Chinese: Where inputs are not observable, bespoke tranches are considered to be level 3 assets.

assistant: 如果輸入參數無法觀察，制定部分將視爲第3級資產。
user: Please translate the following sentence from English to Chinese: BNP Paribas Director of:

assistant: 法國巴黎銀行以下公司之董事：
user: Please translate the following sentence from English to Chinese: The funded status of the Bank’s defined benefit postretirement and pension plans is recognized in the consolidated balance sheets. Actuarial gains and losses in excess of 10% of the greater of the PBO or the market value of plan assets and unrecognized prior service costs or credits are amortized to net periodic pension and other post-retirement cost on a straight-line basis over the average remaining service life of active employees expected to receive benefits.

assistant: 凡精算收益及虧損超出預期福利承擔或計劃資產市值與未確認過往服務成本或信貸兩者中較大者的 10%，則精算收益及虧損將以直線法按在職僱員預期可獲得福利的平均餘下服務年期，攤銷至期間退休金及其他退休後成本淨額。
user: Please translate the following sentence from English to Chinese: Limits in the business-as-usual environment are bounded by capacity to satisfy RBS Group’s liquidity needs in the stress environments.

assistant: 在如常進行業務的環境下的限額，需要符合集團在受壓環境下的流動性需要。
user: Please translate the following sentence from English to Chinese: Accordingly, the structured products may not be legally or beneficially owned by any U.S. Person at any time nor offered, sold, transferred, pledged, assigned, delivered, exercised or redeemed at any time within the United States or to, or for the account or benefit of, any U.S. Person.

assistant: 因此，結構性產品不得於任何時間由任何美國人士合法或實益擁有，亦不得於美國境內向任何美國人士或爲任何美國人士或就任何美國人士的利益而發售、出售、轉讓、抵押、出讓、交付、行使或贖回。
user: Please translate the following sentence from English to Chinese: In such case, a small change in the price of the underlying Shares may lead to a substantial price movement in the CBBCs.

assistant: 在此情況下， 掛鉤股份的價格的輕微變動或會導致牛熊證的價格出現重大變動。
user: Please translate the following sentence from English to Chinese: The interim financial statements are unaudited.

assistant: 中期財務報表爲未經審覈。
user: Please translate the following sentence from English to Chinese: (iv) necessary in order to comply with mandatory provisions of the laws or regulations of Hong Kong (as defined below);

assistant: (iii) 用以改正明顯錯誤； (iv) 符合香港（定義見下文）法例或規例的強制性規定所需；
user: Please translate the following sentence from English to Chinese: Commercial utilized credit exposure includes standby letters of credit (SBLCs) and financial guarantees, bankers' acceptances and commercial letters of credit for which we are legally bound to advance funds under prescribed conditions, during a specified period.

assistant: 已使用商業信貸風險包括備用信用證及財務擔保、銀行承兌匯票，以及商業信用證，而就上述項目而言，我們受法律約束，必須於特定時期內根據既定的條件墊付資金。
user: Please translate the following sentence from English to Chinese: In addition, the Modeled Liquidity Outflow and Intraday Liquidity Model also incorporate a broader assessment of standalone liquidity requirements for other subsidiaries and we hold a portion of our GCLA directly at Group Inc. to support such requirements.

assistant: 此外，模式化流動資金流出及單日流動資金模型亦納入其他附屬公司的獨立流動資金需求作廣泛的評估，而公司在Group Inc.亦直接持有一部分環球核心流動資產以支援該等需要。
user: Please translate the following sentence from English to Chinese: Underlying Company Agile Group Holdings Limited

assistant: 相關公司雅居樂集團控股有限公司
user: Please translate the following sentence from English to Chinese: Note 38 Financial risk management Risk Management Group Risk is an integral part of the Consolidated Entity’s businesses.

assistant: 附註38 金融風險管理 風險管理分部 風險是合併實體業務中不可避免的部分。
user: Please translate the following sentence from English to Chinese: If you purchase the Warrants, you are relying upon the creditworthiness of us and our Guarantor, and have no rights under the Warrants against the Company which has issued the underlying Shares or any other person.

assistant: 如閣下購買認股權證，閣下是倚賴我們及我們的擔保人的信譽，而根據認股權證，閣下對發行掛鉤股份的公司或任何其他人士並無任何權利。
user: Please translate the following sentence from English to Chinese: The net losses on both open and terminated derivative instruments recorded in accumulated OCI, net-of-tax, were $3.5 billion and $3.8 billion at June 30, 2012 and December 31, 2011.

assistant: 於二零一二年六月三十日及二零一一年十二月三十一日於累計其他全面收入記錄的未平倉及已終止的衍生工具的淨虧損（扣除稅項）分別爲 35 億美元及 38 億美元。
user: Please translate the following sentence from English to Chinese: The documentation establishing both funds identifies UBS entities in various roles, including custodian, administrator, manager, distributor and promoter, and indicates that UBS employees serve as board members.

assistant: 成立該兩項基金的文件顯示，UBS實體身兼託管人、管理人、經辦人、分銷商及發起人等多重身份，而且顯示有UBS僱員出任董事會成員。
user: Please translate the following sentence from English to Chinese: TAXATION The comments below are of a general nature and are only a summary of the tax laws and practice currently applicable in Hong Kong and certain U.S. federal income tax considerations.

assistant: 稅務 以下意見乃屬概括性質，並僅爲香港現行適用法例及慣例及若干美國聯邦所得稅的考慮因素的概要。
user: Please translate the following sentence from English to Chinese: The Company has transferred to third parties by way of securitisation the rights to any collection of principal and interest on customer loan assets with a face value of $248 million (2010: $295 million).

assistant: 本公司已透過證券化向第三方轉讓若干客戶貸款資產的本金及利息的收款權利，該資產的賬面值爲 2.48 億元（二零一零年： 2.95 億元）。
user: Please translate the following sentence from English to Chinese: Income tax expense of CHF 760 million recorded in 6M18 mainly reflected the impact of the ongoing re-assessment of the estimated annual effective tax rate, including the impact of the geographical mix of results, and the impact of a deferred tax asset reassessment in Switzerland, partially offset by the impact of tax benefits on the resolution of a tax litigation matter.

assistant: 所得稅開支於一八年六個月錄得的金額爲 7.60 億瑞士法郎，主要反映持續重新評估估計年度實際稅率的影響（包括地區業績組合的影響）及重新評估瑞士遞延稅項資產的影響，部分被稅務訴訟事宜調解的稅項利益的影響所抵銷。
user: Please translate the following sentence from English to Chinese: In particular, when the Spot Price of the underlying Shares is close to the Call Price, our unwinding activities in relation to the underlying Shares may cause a fall or rise (as the case may be) in the price of the underlying Shares leading to a Mandatory Call Event as a result of such unwinding activities.

assistant: 特別是，當掛鉤股份的現貨價接近收回價時，我們就掛鉤股份進行的平倉活動或會導致掛鉤股份的價格下跌或上升（視情況而定），繼而引致發生強制收回事件。
user: Please translate the following sentence from English to Chinese: On December 29, 2011, Deutsche Bank commenced a civil litigation in Circuit Court of the 11th Judicial Circuit in Miami Dade County, Florida for professional malpractice and negligent misrepresentation against Deloitte & Touche LLP, the auditors of Taylor Bean’s financial statements, which were consolidated with certain subsidiaries, including wholly owned subsidiary Ocala.

assistant: 於2011年12月29日，德意志銀行針對Taylor Bean財務報表（與若干附屬公司，包括全資附屬公司Ocala並帳）的核數師Deloitte & Touche LLP於佛羅里達州邁阿密戴德縣第十一司法巡迴區巡迴法院提呈民事訴訟，指稱其專業失當及疏忽的失實陳述。
user: Please translate the following sentence from English to Chinese: (2) Other revolving credit plans ...\n

assistant: (2) 其他循環信貸計劃...\n
user: Please translate the following sentence from English to Chinese: Earning assets Time deposits placed and other short−term investments

assistant: 盈利資產定期存款及其他短期投資
user: Please translate the following sentence from English to Chinese: Asia:

assistant: 亞洲：
user: Please translate the following sentence from English to Chinese: Total E.

assistant: 總數 E.
user: Please translate the following sentence from English to Chinese: Performance in the financial services industry is affected by market conditions and the macroeconomic climate Our businesses are materially affected by market and economic conditions. Adverse changes in interest rates, credit spreads, securities prices, market volatility and liquidity, foreign exchange rates, commodity prices, and other market fluctuations, as well as changes in investor sentiment, can affect our earnings and ultimately our financial and capital positions.

assistant: 金融服務業的表現受市況及宏觀經濟氣候影響 我們的業務受市場及經濟狀況的重大影響。 利率、信貸息差、證券價格、市場波動性及流動性、匯率、商品價格及其他市場波動的不利變動，以及投資者情緒變動，均會影響我們的盈利，繼而最終影響我們的財務及資本狀況。
user: Please translate the following sentence from English to Chinese: The share of voting rights held corresponds to the equity interest held.

assistant: 所持投票權份額相當於所持權益。
user: Please translate the following sentence from English to Chinese: (4) Credit quality indicators are not reported for fully-insured loans as principal repayment is insured.

assistant: (3) 就已取得的信貸減值貸款重新釐定貸款估值比率百分比採用未扣除相關估值準備的賬面值計算。
user: Please translate the following sentence from English to Chinese: (A) the pre-opening session, the morning session and, in the case of half day trading, the closing auction session (if applicable) of the same day;

assistant: (A) 同日的開市前時段、上午時段及（就半日交易而言）收市競價時段（如適用）；
user: Please translate the following sentence from English to Chinese: (ii) a high combined loan-to-value (“CLTV”) ratio;

assistant: (ii) 合併貸款與估值比率（「合併貸款與估值比率」）高企；
user: Please translate the following sentence from English to Chinese: A fairness hearing is scheduled for April 8, 2013.

assistant: 預定於二零一三年四月八日進行公平聆訊。
user: Please translate the following sentence from English to Chinese: Various credit conversion factors have been modelled by the Bank where permitted (i.e. excluding highrisk transactions where the conversion factor is 100%), either using historical internal default data or other techniques when there is insufficient historical data.

assistant: 各信貸兌換因數在可行的情況下，均由銀行訂立模式計算（即不包括高風險交易，其兌換因數是100%），如歷史數據不足時，則使用歷史內部拖欠數據或其他技術。
user: Please translate the following sentence from English to Chinese: (e) any change(s) in interim interest rates;

assistant: (e) 期間利率之任何變動；
user: Please translate the following sentence from English to Chinese: The firm pays interest quarterly on $500 million of junior subordinated debt issued to Goldman Sachs Capital III at a rate per annum equal to three-month LIBOR plus 0.57% and the debt matures on September 1, 2043.

assistant: 公司每季就向Goldman Sachs Capital III發行的5億元次級後償債項支付利息，年利率爲三個月倫敦銀行同業拆息加 0.57%，該等債項將於二零四三年九月一日到期。
user: Please translate the following sentence from English to Chinese: The Residual Value per Board Lot (if any) payable is calculated as follows:

assistant: 每個買賣單位應付的剩餘價值（如有）的計算如下：
user: Please translate the following sentence from English to Chinese: (5) the queries or suggestions from shareholders, and the relevant replies or explanations;

assistant: （五）股東的質詢意見或建議以及相應的答覆或說明；
user: Please translate the following sentence from English to Chinese: These investments are generally included in other assets, with income or loss included in other income.

assistant: 此等投資一般列入其他資產，而收入或虧損列入其他收入。
user: Please translate the following sentence from English to Chinese: If the Closing Level is at or above the Strike Level, you will lose all of your investment in the bear CBBC. Upon the automatic exercise of the CBBCs, the holder is entitled to a cash amount called the “Cash Settlement Amount” net of any Exercise Expenses (as defined under the heading “Exercise Expenses” in the sub-section titled “What are the fees and charges? ” below) according to the terms and conditions in the Listing Documents.

assistant: 倘收市水平等於或高於行使水平，閣下將損失閣下於熊證的所有投資。 自動行使牛熊證時，持有人有權根據上市文件的條款及細則收取稱爲「現金結算款」的現金款項（經扣除任何行使費用（定義見下文「牛熊證有哪些費用及收費? 」分節「行使費用」一段））。
user: Please translate the following sentence from English to Chinese: Selling restrictions The CBBCs have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and will not be offered, sold, delivered or traded, at any time, indirectly or directly, in the United States or to, or for the account or benefit of, any U.S. person (as defined in the Securities Act).

assistant: 銷售限制 牛熊證並無亦不會根據1933 年美國證券法（經修訂）（「證券法」）登記，故此在任何時間不會在美國境內直接或間接發售、出售、交付或交易，亦不會向任何美國人士（定義見證券法）或代其或爲其利益直接或間接發售、出售、交付或交易。