billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: 1 The bond credit ratings are primarily based on Standard & Poor’s credit ratings. Ratings AAA to BBB– and below BBB– represent investment grade and non-investment grade ratings, respectively.

assistant: 1 債券信貸評級主要是基於標準普爾的信貸評級。 AAA 至 BBB- 評級及 BBB- 以下評級分別指投資級及非投資級評級。
user: Please translate the following sentence from English to Chinese: The expected level of leverage of the Portfolio is estimated to be in the 0% to 50% range of its Net Asset Value.

assistant: 本基金的預期槓桿水平預計將爲其資產淨值的 0%至 50%之間。
user: Please translate the following sentence from English to Chinese: The First Coupon, Second Coupon and Final Coupon are calculated/paid at the end of the first year, the end of the second year and the end of two years and six months after the Notes are issued respectively.

assistant: 首次票息、第㆓次票息及最終票息，將分別於本票據發行後的第 1 年結束時、第 2 年結束時及第 2.5 年結束時計算／派付。
user: Please translate the following sentence from English to Chinese: Analysis of advances to customers by geographic areas according to the location of counterparties, after risk transfer (HK$ millions)

assistant: 在轉移風險後根據交易對手所在地按地區劃分之客戶貸款分析（百萬港元）
user: Please translate the following sentence from English to Chinese: After the opening of the Hong Kong-Zhuhai-Macao Bridge, economic activity in the area is expected to rise, and the Bank has already brought in a number of new clients in the real estate, leasing, light industry and technology sectors.

assistant: 港珠澳大橋開通後，所連接地區的經濟活動預期會增加，本行亦已成功吸納房地產、租賃、輕工業及科技等多個行業的新客戶。
user: Please translate the following sentence from English to Chinese: Any person who purchases the Securities is relying on the creditworthiness of the Issuer and has no rights against any other person.

assistant: 凡購買證券的任何人士乃依賴發行人的誠信，且對任何其他人士沒有權利。
user: Please translate the following sentence from English to Chinese: This relates to cash (EUR 4.1 billion), securities (EUR 4.9 billion) and loans (EUR 35.9 billion).

assistant: 此乃包括現金（41億歐元）、證券（49億歐元）及貸款（359億歐元）。
user: Please translate the following sentence from English to Chinese: The death benefit will be paid within 14 Working Days upon receipt of all required documentation and acceptance by us of satisfactory proof of the claim.

assistant: 我們接獲所有必須的文件 並信納爲索償的滿意證明後，會於14個「工作天」內支付身故賠償。
user: Please translate the following sentence from English to Chinese: The maximum amount of such initial charge is set out in the “Fees and Expenses” section on page 12 below. Applications for subscription of Units may also be placed through other authorized fund distributors or through other authorized means as may from time to time specified by the Manager in the Manager’s webpage (www.boci-pru.com.hk).

assistant: 該首次收費的最高金額載於以下第12頁「收費及支出」一節。 認購單位的申請亦可透過其他認可基金分銷商或透過基金經理不時於基金經理網頁(www.boci-pru.com.hk)內指定的其他認可方法辦理。
user: Please translate the following sentence from English to Chinese: A portfolio may invest in certain types of government-issued inflation-protected securities, including U.S. Treasury Inflation Protected Securities ("U.S. TIPS") and inflation-protected securities issued by the governments of other nations.

assistant: 基金可投資於若干類政府發行的抗通脹證券，包括美國抗通脹證券（「美國抗通脹證券」）及由其他國家政府發行的抗通脹證券。
user: Please translate the following sentence from English to Chinese: The decision of the meeting will be notified and/or published by the SICAV in accordance with applicable laws and regulations.

assistant: 會議的決定將由SICAV根據適用法律及法規作出通知及╱或公佈。
user: Please translate the following sentence from English to Chinese: If an ETF adopts a synthetic replication investment strategy to achieve its investment objectives by investing in financial derivative instruments linked to the performance of an underlying asset pool or index that the ETF is designed to track, you should also note that:

assistant: 倘交易所買賣基金採取合成複製投資策略，透過投資於與交易所買賣基金指定追蹤的相關資產組合或指數的表現掛鉤金融衍生工具以達致其投資目標，則　閣下亦應注意：
user: Please translate the following sentence from English to Chinese: Any distributions involving the payment of dividends out of capital, payment of dividends out of gross income or implied interest rate differentials arising from share class currency hedging amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Whilst all dividends paid result in an immediate reduction of the net asset value per share, these share classes may pay larger dividends (i.e. by paying dividends out of capital, gross income or interest rate differentials arising from share class currency hedging gains (if any)) which may therefore result in a larger reduction in the net asset value per share.

assistant: 任何涉及從資本支付股息，從總收入或股份類別貨幣對沖引起的隱含息差支付股息的分派，等於投資者獲得部分原投資額回報或撤回其部分原投資額或可歸屬於該原投資額的資本收益。 雖然派付所有股息會即時減少每股資產淨值，但這些股份類別可派付較高股息（即從資本、總收入或股份類別貨幣對沖收益引起的息差（若有）支付股息），並因此可能更大幅減少每股資產淨值。
user: Please translate the following sentence from English to Chinese: (vi) Early termination risk In the event of the early termination of a Sub-fund, the Sub-fund would have to distribute to the Shareholders their pro rata interest in the assets of the Sub-fund.

assistant: (vi) 提早終止風險 倘若子基金提早終止，該子基金須按股東在該子基金的資產所佔權益的比例向有關股東作出分派。
user: Please translate the following sentence from English to Chinese: Exchange rate contracts

assistant: 匯率合約
user: Please translate the following sentence from English to Chinese: The Sub-Investment Advisor is an investment advisor registered with the United States Securities and Exchange Commission.

assistant: 子投資顧問爲美國證券交易委員會註冊的投資顧問。
user: Please translate the following sentence from English to Chinese: If the counterparties of the instruments used for hedging purpose default, investors of the RMB hedged Classes may be exposed to RMB currency exchange risk on an unhedged basis and may therefore suffer further losses.

assistant: 爲對沖目的而運用的工具的交易對手一旦違約，人民幣對沖類別的投資者或須承擔未對沖的人民幣貨幣匯兌風險，並因而蒙受進一步虧損。
user: Please translate the following sentence from English to Chinese: (1) the H-share company has 100% of its ordinary share capital in the form of H-shares which are listed on the SEHK;

assistant: (1) 該 H 股公司的普通股股本以全 H 股形式於聯交所上市；
user: Please translate the following sentence from English to Chinese: Daily Callable Condition Has each of the reference assets in the basket become a memorised reference asset** on a call fixing date?

assistant: 籃子內的每份參考資產於某個贖回定價日是否已成爲被記憶參考資產 ** ？
user: Please translate the following sentence from English to Chinese: Payment of dividends out of, or effectively out of, capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.

assistant: 從或實際上從資本中撥付股息相當於部分退回或提取投資者原本的投資或來自該原本投資應占的任何資本收益。
user: Please translate the following sentence from English to Chinese: To obtain exposure to equity indices and individual stocks, the Fund may also enter into contracts for difference where the underlying investments are not delivered and settlement is made in cash.

assistant: 爲獲得股本證券指數和個別股票的投資，本基金亦可在相關投資未能交收和以現金結算交付時訂定差價合約。
user: Please translate the following sentence from English to Chinese: As such, the Affiliated Person is engaged in various business activities and may have other direct or indirect interests in the financial markets in which the Fund invests.

assistant: 故此，聯屬人從事多項業務活動，並可能於本基金所投資的金融市場中擁有其他直接或間接權益。
user: Please translate the following sentence from English to Chinese: Where a Sub-Fund uses Securities Lending, the maximum and the expected proportion of assets under management of the SubFund that could be subject to Securities Lending will be set out in section 3 “INVESTMENT OBJECTIVES AND POLICIES”.

assistant: 倘子基金使用證券貸出，子基金管理資產中可予進行證券貸出之最高及預期比例將載於第3節「投資目標及政策」內。
user: Please translate the following sentence from English to Chinese: Interest rate risk is the risk of loss arising from changes in the level of interest rates or changes in the shape of yield curves that could adversely affect the market value of our financial instruments and our future earnings.

assistant: 利率風險指因利率變化或收益率曲線變化對本行金融工具的市值和未來盈利造成負面影響而帶來損失的風險。
user: Please translate the following sentence from English to Chinese: Capital managed by the Group to achieve these objectives includes ordinary share capital, retained profits, other reserves, and non-controlling interests after deductions for goodwill and intangible assets.

assistant: 以求達至該目的，本集團管理資本包括股本、留存溢利、其他儲備，及非控股權益及經已扣除商譽和無形資產。
user: Please translate the following sentence from English to Chinese: ** Effective 15 December 2016, Class B shares will no longer be offered.

assistant: ** 由二零一六年十二月十五日起，將不再發售 B 類股份。
user: Please translate the following sentence from English to Chinese: Fidelity Funds – Global Income Fund

assistant: 富達基金–環球收益基金
user: Please translate the following sentence from English to Chinese: (i) Dividends.

assistant: (i) 股息。
user: Please translate the following sentence from English to Chinese: IMPORTANT If you are in any doubt about this issue prospectus you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser.

assistant: 閣下如對本發行章程有任何疑問，應諮詢　閣下的股票經紀、銀行經理、律師、專業會計師或其他專業顧問。
user: Please translate the following sentence from English to Chinese: The sub-fund’s investment portfolio may fall in value and therefore may suffer losses.

assistant: 子基金投資組合的價值可能下跌，因此可能會錄得虧損。
user: Please translate the following sentence from English to Chinese: To the extent required by Luxembourg law, such decision will be published or notified in the same manner as described in the first paragraph of this section 3.5 and the publication and/or notification will contain information in relation to the proposed split or consolidation.

assistant: 在盧森堡法律規定的範圍內，有關決定須按本3.5節第一段所述相同的方式作出公佈或通知； 而且有關公佈及/ 或通知將須涵蓋有關分割或綜合建議的相關資料。
user: Please translate the following sentence from English to Chinese: 4. The Fund’s past performance is not indicative of its future performance;

assistant: 4、基金的過往業績並不預示其未來表現；
user: Please translate the following sentence from English to Chinese: Further, the value of these securities may fluctuate in response to the market’s perception of the creditworthiness of the issuers.

assistant: 此外，此等證券的價值可能因應市場對發行人信譽的期許而出現波動。
user: Please translate the following sentence from English to Chinese: The Manager may employ one or more tools to manage liquidity risks including, but not limited to:

assistant: 經理人可以使用一個或多個工具來管理流動性風險，包括但不限於：
user: Please translate the following sentence from English to Chinese: (i) daily kick-in feature;

assistant: (i) 每日觸及生效機制；
user: Please translate the following sentence from English to Chinese: (ii) safekeeping of the Scheme Property;

assistant: (ii) 保管計劃財產：
user: Please translate the following sentence from English to Chinese: 8. Permissible investments:

assistant: 8. 准許投資項目：
user: Please translate the following sentence from English to Chinese: This agreement was entered into for an unlimited period and is terminable by either party upon 90 days’ written notice.

assistant: 本協議爲無期間限制，且可由任何一方當事人在作出90日書面通知後終止。
user: Please translate the following sentence from English to Chinese: However it is possible that such market data will not be available for credit default swaps and total/excess return swaps near the Valuation Date.

assistant: 然而，有可能在接近估值日期，該等信貸違約掉期交易及總╱超額回報掉期交易並無可知的市場數據。
user: Please translate the following sentence from English to Chinese: The data is unaudited.

assistant: 數據乃未經審覈。
user: Please translate the following sentence from English to Chinese: SOVEREIGN DEBT RISK

assistant: 主權債務風險
user: Please translate the following sentence from English to Chinese: After consultation with the Arranger, the Issuer may exercise its sole and absolute discretion not to issue the Notes.

assistant: 發行人經諮詢安排人後，發行人可行使其全權絕對酌情權不發行票據。
user: Please translate the following sentence from English to Chinese: Over 5 years HK$’000

assistant: 五年以上千港元
user: Please translate the following sentence from English to Chinese: The launch of a public bid to buy out the remaining (3%) shares in CSOB not yet owned by KBC.

assistant: 公開招標收購比聯尚未擁有的Cˇ SOB剩餘（3%）股份。
user: Please translate the following sentence from English to Chinese: 20. Euro Corporate Bond Fund

assistant: 20. 歐元企業債券基金
user: Please translate the following sentence from English to Chinese: HKSCC will monitor the corporate actions affecting SSE Securities and keep the relevant brokers or custodians participating in CCASS (“CCASS participants”) informed of all such corporate actions that require CCASS participants to take steps in order to participate in them. SSE-listed companies usually announce their annual general meeting/extraordinary general meeting information about one month before the meeting date.

assistant: 香港結算將監測影響滬股通股票的企業行爲，並會通知參與中央結算系統的有關經紀或託管人（「中央結算系統參與者」）所有該等需要中央結算系統參與者採取行動以參與其中的企業行爲。 上交所上市公司通常在舉行股東周年大會／股東特別大會的日期前約一個月公佈有關會議的詳情。
user: Please translate the following sentence from English to Chinese: The Sub-fund aims to obtain an optimal investment result in the currency in which it is denominated.

assistant: 子基金旨在取得以其計值貨幣計算的最佳投資回報。
user: Please translate the following sentence from English to Chinese: We apply a number of techniques to efficiently manage the operational risk in our business, for example:

assistant: 本銀行採用多項方法有效管理本銀行的業務風險，例如：
user: Please translate the following sentence from English to Chinese: Frontier markets are countries included in the MSCI Frontier Markets Index or any other recognised Frontier Markets financial index, or additional countries that the Investment Manager deems to be frontier market countries.

assistant: 新領域市場包括在摩根士丹利新領域市場指數或任何其他認可的新領域市場金融指數內的國家，或投資經理認爲屬於新領域市場的其他國家。
user: Please translate the following sentence from English to Chinese: any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organised, incorporated, or, if an individual, resident in the United States.

assistant: 由在美國組成或註冊成立的交易商或其他受信機構或居於美國的個人持有人的任何全權委託帳戶或類似帳戶 （遺產或信託除外）。
user: Please translate the following sentence from English to Chinese: The Articles do not stipulate a retirement age for Directors, nor do they provide for retirement of Directors by rotation.

assistant: 公司章程並未規定董事的退休年齡或董事的輪席退任。
user: Please translate the following sentence from English to Chinese: The sub-fund may invest up to 15% of its net assets in China A-shares through the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect and up to 15% of its net assets in CAAPs.

assistant: 本附屬基金可將其最多 15% 的淨資產透過滬港股票市場交易互聯互通機制及∕或深港股票市場交易互聯互通機制投資於中國 A 股，及將其最多 15% 的淨資產投資於中國 A 股連接產品。
user: Please translate the following sentence from English to Chinese: Such trading band limit may therefore adversely affect the Fund’s investment in China A-Shares.

assistant: 該交易波幅限額可能因而對基金於中國A股之投資造成不利影響。
user: Please translate the following sentence from English to Chinese: Middle East & Africa Equity Fund\n

assistant: 中東及非洲股票基金\n 美國藍籌股票基金\n
user: Please translate the following sentence from English to Chinese: The Fund’s ability to access the China A-Share market (and hence to pursue its investment strategy) will be adversely affected.

assistant: 基金進入中國A股市場（從而執行其投資策略）的能力將受到不利影響。
user: Please translate the following sentence from English to Chinese: This tracking error may result from the investment strategy used, and fees and expenses.

assistant: 追蹤誤差可能是由基金採用的投資策略、費用及開支所造成。
user: Please translate the following sentence from English to Chinese: Select US Equity Portfolio With respect to the Portfolio's investment processes, the term "overstated market-risk discount" refers to the situation when the Investment Manager believes a stock's market value has been overly discounted by market participants and is trading below the Investment Manager's estimated value.

assistant: 精選美國股票基金就本基金的投資程序而言，「被誇大的市場風險折價」一詞指投資管理人認爲某隻股票的市值被市場參與者過度折價，且以低於投資管理人估值的價格交易的情況。
user: Please translate the following sentence from English to Chinese: 6. Risk of Suspension of Share Dealings

assistant: 6. 暫停股份交易的風險
user: Please translate the following sentence from English to Chinese: The principal activities of J.P. Morgan Bank Luxembourg S.A. are custodial and investment administration services.

assistant: J.P. Morgan Bank Luxembourg S.A. 的主要業務是代管及投資行政管理服務。
user: Please translate the following sentence from English to Chinese: (9) In addition, the Company may invest a maximum of 10% of the Net Asset Value of any Fund in transferable securities or money market instruments other than those referred to under A(1) to A(4) and A(8) above.

assistant: (9) 此外，本公司可將任何基金最多 10% 的資產淨值，投資於以上 A(1) 至 A(4) 和 A(8) 項所述以外的可轉讓證券和貨幣市場工具。
user: Please translate the following sentence from English to Chinese: Please refer to the section headed “Risk Factors” for further information on these and other risks.

assistant: 請參閱標題爲「風險因素」一節所提供該等及其他風險的進一步資料。
user: Please translate the following sentence from English to Chinese: This risk is primarily managed by monitoring the creditworthiness of the issuer.

assistant: 此風險主要藉監管發行人的信譽來監察。
user: Please translate the following sentence from English to Chinese: The Basket comprises the shares of the following companies:

assistant: 籃子由以下公司的股份組成：
user: Please translate the following sentence from English to Chinese: For a further description of risks relating to the use of financial derivative instruments please refer to “Risk Factors”, Part I (1.2) of the Prospectus.

assistant: 有關使用金融衍生工具所涉及的各項風險詳情，請參閱認購章程第一部份 (1.2)「風險因素」一節。
user: Please translate the following sentence from English to Chinese: - A breach of contract, such as a default or delinquency in principal or interest payment;

assistant: - Significant financial difficulty incurred by the borrower;
user: Please translate the following sentence from English to Chinese: (5) As of January 1, 2005, due to the adoption of IAS 32&39 and in view of the discretionary nature of their remuneration, preferred shares were reclassified as Minority Interests, in the amount of EUR 2,049 million.

assistant: (5)於二零零五年一月一日，由於採納 IAS 32 及 39 及鑑於其付款之酌情性質，優先股被重新分類爲少數股東權益 20.49 億歐元。
user: Please translate the following sentence from English to Chinese: In some cases, the compartments may not be able to withdraw investments made in some countries. Governments may change restrictions on foreign ownership of local assets, including but not limited to restrictions on sectors, individual and aggregate trading quotas, percentage of control and type of shares available to foreigners.

assistant: 在部分情況下，成分基金或未能在部分國家提取投資。 政府可能改變外資持有當地資產的限制，包括但不限於行業限制、個人及整體交易額度、控制百分比及提供予外國人士的股份類別。
user: Please translate the following sentence from English to Chinese: and 2.4 otherwise, if the permanent Global Note is held on behalf of Euroclear or Clearstream International or any other clearing system (an “Alternative Clearing System”) and any such clearing system is closed for business for a continuous period of 14 days (other than by reason of holidays, statutory or otherwise) or announces an intention permanently to cease business or in fact does so. 3 Registered Notes:

assistant: 及 2.4 否則，倘永久性總額票據乃代表歐洲結算系統、Clearstream International或任何其他結算系統（「替代結算系統」）持有，而該結算系統於連續 14日期間內不進行交易（並非由於假期、法定或其他原因），或宣佈有意永久性終止交易或事實上永久終止交易。 3 記名票據：
user: Please translate the following sentence from English to Chinese: We, UBS AG (acting through our London Branch), are the issuer of our ELIs. References to “we”, “us” or “issuer” in this document mean “UBS AG (acting through its London Branch)”.

assistant: 本行（瑞士銀行（透過本行的倫敦分行行事））爲本行的股票掛鉤投資發行人。 本文件凡提述「本行」或「發行人」乃指「瑞士銀行（透過其倫敦分行行事）」。
user: Please translate the following sentence from English to Chinese: (e) On 10th February 2005 the following non-executive Directors received the amounts of shares set out after their names in respect of part of their Board and (where applicable) Board Committee fees:

assistant: (e) 於二零零五年二月十日，下列非執行董事已收取彼等名下作爲董事會及（如適用）董事委員會部份費用之股票數目：
user: Please translate the following sentence from English to Chinese: or a person, other than a corporation, carrying on a trade, profession or business in Hong Kong and such interest is derived from Hong Kong and is in respect of the funds of the trade, profession or business.

assistant: 或在香港進行貿易、專業或商業活動之個人（公司除外），而且該等利息得自香港並與貿易、專業或商業活動之資金相關。
user: Please translate the following sentence from English to Chinese:  in the case of a trust, means a trust that is resident in Ireland for tax purposes.

assistant: 如屬信託基金，指在課稅上駐愛爾蘭的信託基金。
user: Please translate the following sentence from English to Chinese: The Fund’s investment in collective investment schemes will be restricted to less than 30% of its non-cash assets.

assistant: 基金對集體投資計劃的投資將限制在少於其非現金資產的30%。
user: Please translate the following sentence from English to Chinese: The minimum initial investment and minimum holding requirements in each Sub-Fund for different Classes of Shares are set out in the table under Section 1.3. “Description of Share Classes” in the Prospectus as well as the section headed “Description of Share Classes” in this document.

assistant: 每項附屬基金內不同股份類別的最低首次投資及最低持有量規定載於基金說明書第1.3節「股份類別說明」下的表格及本文件中「股份類別說明」一節。
user: Please translate the following sentence from English to Chinese: ANNEX 3:

assistant: 附件 3：
user: Please translate the following sentence from English to Chinese: Do I need an application form or make any confirmations?

assistant: 本人是否需要填寫申請表格或作出確認？
user: Please translate the following sentence from English to Chinese: 27 DEFERRED TAX ASSETS/LIABILITIES Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred income taxes relate to the same ﬁscal authority.

assistant: 27 遞延稅務資產負債在法定權力許可的情況下，當遞延所得稅與同一財政機關有關係，遞延稅務資產可以與遞延稅務負債互相抵銷。
user: Please translate the following sentence from English to Chinese: BRAZIL:

assistant: 巴西：
user: Please translate the following sentence from English to Chinese: Yield curve shift December 2014

assistant: 孳息曲線變動二零一四年十二月
user: Please translate the following sentence from English to Chinese: 2. The funds may not invest in a fund of funds or a feeder fund.

assistant: 2. 基金不可投資於基金中的基金或聯接基金。
user: Please translate the following sentence from English to Chinese: (a) Potential Distribution for an Observation Period In respect of an Observation Period, the Calculation Agent will calculate the Potential Distribution Amount for that Observation Period and the Issuer will pay the Potential Distribution Amount (if any) calculated in accordance with the following formula in accordance with Condition 6(c) on the immediately following Distribution Payment Date:

assistant: (a) 某個觀察期的潛在分派就某個觀察期而言，計算代理將計算該觀察期的潛在分派款額，而發行人將根據章則第6(c)條於緊隨分派付款日後支付根據下述算式計算的潛在分派款額（如有）：
user: Please translate the following sentence from English to Chinese: The oversight of liquidity risk management staff and other related responsibility are performed by the Board’s chief risk officer.

assistant: 流動性風險管理人員的監督和其他相關職責則由董事會的風險總監負責。
user: Please translate the following sentence from English to Chinese: For certain pension plans, a liability-driven investment approach is applied to a portion of the plan assets to reduce potential volatility.

assistant: 就若干退休金計劃而言，已對部分計劃資產應用負債導向投資策略以減少潛在波動。
user: Please translate the following sentence from English to Chinese: The Management Company has the responsibility to coordinate the investigation and to ensure proper resolution and reporting to the CSSF, the Directors, auditors, counsel and other parties involved, if applicable.

assistant: 管理公司負責協調調查及確保對 CSSF、董事、核數師、律師及其他涉及各方作出恰當的決議案及報告（如適當）。
user: Please translate the following sentence from English to Chinese: Determinations Whether a Credit Event has occurred for the USD Notes or the HKD Notes will be determined by the Hedging Determination Agent in its capacity as the determination agent for such event under the terms of the relevant Hedging Instrument and without regard to the terms and conditions of our Notes or any related determination by a Reference Entity or any action taken, omitted to be taken or suffered to be taken by any other person including, without limitation, any creditor of a Reference Entity.

assistant: 決定 決定是否發生美元票據或港元票據信貸事件將由對沖決定代理（以其作爲有關事件的釐定代理身份）根據有關對沖工具的條款釐定，而不論票據的條款及條件，或參考實體的任何有關決定或任何其他人士（包括但不限於參考實體的任何債權人）所進行、不進行或容許進行的任何行動。