billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: References to page numbers (i.e. the page numbers which appear on the bottom of the pages) in this section (excluding this page) are to pages of the news release.

assistant: 本節（不包括本頁）所列的頁數（即各頁底部所示的頁數）是指新聞稿的頁數。
user: Please translate the following sentence from English to Chinese: Selling restriction The Warrants 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 權證並無亦不會根據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或向美國人士（定義見證券法）或其代表或爲其利益間接或直接發售、出售、交付或買賣。
user: Please translate the following sentence from English to Chinese: Entitlement x (Minimum Trade Price - Strike Price) x one Board Lot Number of CBBCs per Entitlement In respect of a series of bear CBBCs:

assistant: 權利 x （最低成交價 - 行使價） x 一個買賣單位每項權利的牛熊證數目 就一系列熊證而言：
user: Please translate the following sentence from English to Chinese: (B) European Style Warrants The following provisions of this Condition 4(B) shall apply to Warrants which are expressed to be European Style.

assistant: (B) 歐式權證本細則 4(B) 的下列條款適用於歐式權證。
user: Please translate the following sentence from English to Chinese: We have consistently maintained our focus on chosen clients in our core markets and a disciplined approach to risk management.

assistant: 我們堅持不懈地專注於核心市場的特選客戶，以及採用嚴格的風險管理辦法。
user: Please translate the following sentence from English to Chinese: 5. LESS:

assistant: 5. 減：
user: Please translate the following sentence from English to Chinese: However, we are not obliged to adjust the terms and conditions of the CBBCs for every event that affects the underlying Shares.

assistant: 然而，我們無責任就影響相關股份的每項事件調整牛熊證的條款及細則。
user: Please translate the following sentence from English to Chinese: Save as disclosed in the Listing Documents, none of us, our Guarantor or any of its subsidiaries is aware of any litigation or claims of material importance pending or threatened against any of us.

assistant: 除上市文件所披露外，發行人、我們的擔保人或任何其附屬公司並無尚未了結或面臨任何重大訴訟或索償。
user: Please translate the following sentence from English to Chinese: As such, the Company believes such amounts bear no relationship to the anticipated losses, if any, on these guarantees.

assistant: 因此，本公司相信該等金額與該等擔保的預期損失（如有）概無關係。
user: Please translate the following sentence from English to Chinese: Other Consumer (1)

assistant: 其他消費 (1)
user: Please translate the following sentence from English to Chinese: Entitlement x (Exercise Price – Average Price) x one Board Lot Number of Warrant(s) per Entitlement ‘‘Average Price’’ shall be the arithmetic mean of the closing price of one Share (as derived from the Daily Quotation Sheet of the Stock Exchange, subject to any adjustments to such closing prices as may be necessary to reflect any capitalisation, rights issue, distribution or the like) in respect of each Valuation Date.

assistant: 權益×（行使價－平均價）×一手買賣單位每手買賣單位之「現金結算金額」＝ 每項權益之認股權證數目 「平均價」指一股股份於各估值日期之收市價（從聯交所每日報價表所得，可就該等收市價作出任何必要之調整，以反映任何資本化、供股、分派或其他類似事項）之算術平均數。
user: Please translate the following sentence from English to Chinese: Name of the underlying trust or fund (for our warrants over single unit trust only)

assistant: 相關信託或基金的名稱（僅就本公司的單一信託認股權證而言）
user: Please translate the following sentence from English to Chinese: Any downgrading of our Guarantor’s credit ratings could result in a reduction in the value of the Warrants; - a credit rating is not an indication of the liquidity or volatility of the Warrants;

assistant: 倘若我們的擔保人的信貸評級被調低，認股權證的價值可能因而下跌 - 信貸評級並非認股權證的流通量或波幅的指標;
user: Please translate the following sentence from English to Chinese: In the case of a prolonged suspension period, the price of the Warrants may be subject to a significant impact of time decay due to such prolonged suspension and may fluctuate significantly upon resumption of trading, which may adversely affect your investment. Possible limited secondary market The Liquidity Provider may be the only market participant for the Warrants and therefore the secondary market for the Warrants may be limited.

assistant: 在此情況下，牛熊證的價格或會因有關暫停而有重大的時間耗損，並可能會於恢復交易時出現大幅波動，從而有損閣下的投資。 二級市場流通量可能有限 流通量提供者可能是權證的唯一市場參與者，因此，權證的二級市場流通量可能有限。
user: Please translate the following sentence from English to Chinese: HISTORICAL STRESS TESTS This method consists of an analysis of the major economic crises that have affected the financial markets since 1995 (a date from which the financial markets have become global and subject to increased regulatory requirements):

assistant: 歷史壓力測試 此方法涉及分析一九九五年以來（爲金融市場轉趨國際化及監管要求愈趨嚴厲之日期）影響金融市場之主要經濟危機：
user: Please translate the following sentence from English to Chinese: (a) Value-at-Risk (“VaR”):

assistant: (a) 風險值（「風險值」）：
user: Please translate the following sentence from English to Chinese: You will have to rely on the records of CCASS and/or the statements you receive from your brokers as evidence of your beneficial interest in the Warrants.

assistant: 閣下將須倚賴中央結算系統的記錄及／或閣下自經紀收取的結單，作爲閣下於權證的實益權益的憑證。
user: Please translate the following sentence from English to Chinese: He was also a member of the Board of Directors of Fortis and chaired the boards of the principal subsidiaries of the group during this time.

assistant: 於該段時間，他亦擔任Fortis的董事局成員以及主持集團主要附屬公司的董事會。
user: Please translate the following sentence from English to Chinese: The firm, as a market maker, enters into derivative transactions to provide liquidity to clients and to facilitate the transfer and hedging of their risks.

assistant: 作爲造市商，公司參與衍生工具交易以便爲客戶提供流動資金，並協助轉移和對沖他們的風險。
user: Please translate the following sentence from English to Chinese: “Listing Date” means the date specified as such in the relevant Launch Announcement and Supplemental Listing Document;

assistant: 「上市日」指有關發行公佈及補充上市文件指定的日期；
user: Please translate the following sentence from English to Chinese: The SEC is investigating the management and marketing of the ASTA/MAT and Falcon funds.

assistant: 證交會正調查 ASTA/MAT 及 Falcon 基金的管理及推銷。
user: Please translate the following sentence from English to Chinese: You should note that any transaction cost will reduce your gain or increase your loss under your investment in the Warrants. What is the legal form of the Warrants?

assistant: 閣下謹請注意，任何交易成本將減少　閣下的盈利或增加　閣下於權證的投資損失。 權證的法定形式是甚麼？
user: Please translate the following sentence from English to Chinese: Notes to the accounts For the year ended 31st December 2007

assistant: 賬目附註截至二零零七年十二月三十一日止年度
user: Please translate the following sentence from English to Chinese: non-deferred cash of which:

assistant: 非遞延現金 其中：
user: Please translate the following sentence from English to Chinese: or (iii) have expired worthless, and thereby cancel the relevant CBBCs. (d) Cash Settlement.

assistant: 或 (iii) 已到期且變成毫無價值之牛熊證有關之人士的姓名，並註銷有關牛熊證。 (d) 現金結算。
user: Please translate the following sentence from English to Chinese: We hold a 100% interest in the company through BOCI Capital Limited.

assistant: 本公司透過中銀國際融資有限公司持有該公司的全部權益。
user: Please translate the following sentence from English to Chinese: If and whenever the Company shall make an issue of Shares credited as fully paid to the holders of Shares generally by way of capitalisation of profits or reserves (other than pursuant to a scrip dividend or similar scheme for the time being operated by the Company or otherwise in lieu of a cash dividend and without any payment or other consideration being made or given by such holders) (a ‘‘Bonus Issue’’), the Entitlement and the Exercise Price will be adjusted to take effect on the Business Day on which trading in the Shares of the Company becomes ex-entitlement in accordance with the following formula:

assistant: 倘及當該公司以溢利或儲備資本化之方式，向全體股份持有人發行入賬列爲繳足之股份（根據以股代息計劃或該公司當時運作的同類計劃或以其他方式代替現金股息且毋須有關持有人支付任何款項或其他代價而發行股份則除外）（「發行紅股」），則權益及行使價將根據下列之公式予以調整，並於該公司之股份以除權方式買賣之營業日生效：
user: Please translate the following sentence from English to Chinese: 3. CBBC Rights and Exercise Expenses 3.1 CBBC Rights Every Board Lot gives each Holder, upon due exercise and compliance with Product Condition 4, the right to receive the payment of the Cash Settlement Amount (net of any Exercise Expenses), if any.

assistant: 3. 牛熊證權利及行使費用 3.1 牛熊證權利各持有人在符合產品細則第 4 條的情況下作有效行使後，可就每手買賣單位獲付現金結算款（扣除任何行使費用）（如有）。
user: Please translate the following sentence from English to Chinese: (b) news (concerning the underlying such as a change in forecast earnings or proposed dividends) is published which might have an impact on the market price of the underlying;

assistant: (b) 有關可能影響掛鉤資產市價的媒體報導（如有關掛鉤資產的盈利預測 或建議派發股息等新聞）；
user: Please translate the following sentence from English to Chinese: For the avoidance of doubt, any remaining Shares shall not be affected by this paragraph (D) and where cash is offered in substitution for Shares or is deemed to replace Substituted Securities as described above, references in these Conditions to the Shares shall include any such cash.

assistant: 爲免生疑問，任何剩餘股份不受本 (D) 段所影響，及若提供現金以代替股份或被視作取代上述代替證券，則此等細則對股份的提述須包括該等現金。
user: Please translate the following sentence from English to Chinese: We are required to be in compliance with the prohibition on proprietary trading and to develop an extensive compliance program by July 2015.

assistant: 本公司須於二零一五年七月前遵守禁止自營交易並制訂全面的合規計劃。
user: Please translate the following sentence from English to Chinese: Valuation models are calibrated to initial trade price.

assistant: 估值模式調整至最初買賣價格。
user: Please translate the following sentence from English to Chinese: The amount of the obligation recognised as a liability is measured on the basis of the actuarial assumptions applied by the Group, using the projected unit credit method.

assistant: 確認爲負債的責任金額基於本集團採用的精算假設，使用預測單位信貸方法計算。
user: Please translate the following sentence from English to Chinese: The third CCASS Settlement Day after the later of: (i) the Expiry Date;

assistant: 交收日（適用於各系列權證） (i)到期日；
user: Please translate the following sentence from English to Chinese: (a) Successor Index Compiler Calculates and Reports Index.

assistant: (a) 繼任指數編制人計算和報告指數。
user: Please translate the following sentence from English to Chinese: For traditional investments, the basis for determining the variable compensation pool is the short-term and long-term performance against both peer groups and benchmarks.

assistant: 對於傳統投資，確定不定額薪酬總額的依據是與同行和標準相比的短期和長期業績。
user: Please translate the following sentence from English to Chinese: Date of Appointment

assistant: 委任日期
user: Please translate the following sentence from English to Chinese: The capital reserves shall include the following amounts:

assistant: 資本公積金包括下列款項：
user: Please translate the following sentence from English to Chinese: All financial derivatives are recognised at fair value in the balance sheet as financial assets or financial liabilities.

assistant: 所有金融衍生工具於資產負債表按公平價值確認爲金融資產或金融負債。
user: Please translate the following sentence from English to Chinese: Also on April 13, 2011, the other 13 largest mortgage servicers separately entered into consent orders with their respective federal bank regulators related to residential mortgage servicing practices and foreclosure processes.

assistant: 亦於二零一一年四月十三日，其他 13 個最大按揭債務人分別於彼等各自的與住宅按揭服務及止贖程序有關的聯邦銀行監管者簽訂同意令。
user: Please translate the following sentence from English to Chinese: In certain limited circumstances, for example, if there is a successor to the index complier or modification or cessation of the calculation of the index, the index will be adjusted.

assistant: 在若干少數情況下，舉例而言，指數編制人出現繼任人，或修改或終止指數的計算方法，指數將予以調整。
user: Please translate the following sentence from English to Chinese: ● the letter from our auditor, PricewaterhouseCoopers, consenting to the reproduction of their report in the relevant addendum;

assistant: ●我們的核數師羅兵鹹永道會計師事務所的函件，以同意將彼等的報告轉載入有關增編；
user: Please translate the following sentence from English to Chinese: Who should buy the warrants?

assistant: 誰人應購買權證？
user: Please translate the following sentence from English to Chinese: (A) American Style Warrants The following provisions of this Condition 10(A) shall apply to Warrants which are expressed to be American Style.

assistant: (A) 美式權證 本細則10(A)的下列條款用於美式權證。
user: Please translate the following sentence from English to Chinese: It also ensures the prevention of reputational risJ.

assistant: 該部門亦確保防範聲譽風險。
user: Please translate the following sentence from English to Chinese: (4) Includes interests in other investment funds that we manage.

assistant: (4) 包括本公司管理之其他投資基金之利息。
user: Please translate the following sentence from English to Chinese: Chris Lucas Group Finance Director

assistant: Chris Lucas 集團財務董事
user: Please translate the following sentence from English to Chinese: Prior to 2012, the principal forgiveness amount was not significant.

assistant: 於二零一二年前，豁免本金金額爲不重大。
user: Please translate the following sentence from English to Chinese: To facilitate the execution of our preferred resolution strategy, we formed Goldman Sachs Funding LLC (Funding IHC), a wholly-owned, direct subsidiary of Group Inc. In exchange for an unsecured subordinated funding note and equity interest, Group Inc. has transferred certain intercompany receivables and substantially all of its GCLA to Funding IHC, and has agreed to transfer additional GCLA above prescribed thresholds.

assistant: 無抵押後償資金票據及股權，Group Inc.已轉讓若干公司間應收款項及其絕大部分環球核心流動資產予Funding IHC，並已同意轉讓高於指定門檻的額外環球核心流動資產。
user: Please translate the following sentence from English to Chinese: A revised version of the Basel III capital rules was published in June 2011 and further changes or clarifications are possible.

assistant: 巴塞爾資本協定 III 的新版本已於二零一一年六月發表，惟可能有進一步更改或澄清。
user: Please translate the following sentence from English to Chinese: The Group regularly performs stress-tests on the principal risks, where appropriate, to assess the potential impact of stressed business conditions (including hypothetical situations such as a significant economic downturn in Mainland China and Hong Kong) on the Group’s financial positions, in particular, capital adequacy, profitability, and liquidity. Whenever necessary, a prompt management response will be developed and executed to mitigate potential impacts.

assistant: 本集團定期對相關的主要風險進行壓力測試，評估受壓營商環境（包括中國內地及香港出現嚴重經濟下滑等假設情景）對本集團的財務狀況，尤其是資本充足、盈利能力及流動資金，可能產生的影響。 有需要時，管理層亦會果斷制訂並執行應對措施以減低潛在影響。
user: Please translate the following sentence from English to Chinese: The Corporation services a large portion of the loans it or its subsidiaries have securitized and also services loans on behalf of third-party securitization vehicles and other investors.

assistant: 本公司爲其或其附屬公司已證券化的大部分貸款提供服務，並代第三方證券化工具及其他投資者服務貸款。
user: Please translate the following sentence from English to Chinese: 2.13 Offsetting financial instruments Financial assets and liabilities are offset and the net amount reported in the consolidated statement of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously.

assistant: 2.13 對銷財務工具 當財務資產及負債的對銷有法定執行權利，並有意以淨額基準結算或同時變現資產及償還負債時，財務資產及負債予以對銷，並於綜合財務狀況表內記錄淨額。
user: Please translate the following sentence from English to Chinese: JPMorgan Chase Bank, N.A. does not estimate the fair value of consumer lending-related commitments.

assistant: JPMorgan Chase Bank, N.A.並無估計消費與放貸相關的承擔的公平值。
user: Please translate the following sentence from English to Chinese: Shareholder of each class shall enjoy equal rights in the distribution of dividends or any other form.

assistant: 公司各類別股東在以股利或其他形式所作的任何分派中享有同等權利。
user: Please translate the following sentence from English to Chinese: During the three and nine months ended September 2016, transfers into level 2 from level 1 of cash instruments were $143 million and $88 million, respectively, reflecting transfers of public equity securities primarily due to decreased market activity in these instruments. Transfers into level 1 from level 2 of cash instruments during the three and nine months ended September 2016, were $200 million and $203 million, respectively, reflecting transfers of public equity securities, principally due to increased market activity in these instruments.

assistant: 截至二零一六年九月止三個月及九個月，自第一級別轉入第二級別的現金工具分別爲1.43億元及8,800萬元，反映主要由於該等工具的市場活動減少而轉撥的公衆股本證券。 截至二零一六年九月止三個月及九個月，自第二級別轉入第一級別的現金工具分別爲2.00億元及2.03 億元，反映主要由於該等工具的市場活動增加而轉撥的公衆股本證券。
user: Please translate the following sentence from English to Chinese: The Head of Internal Audit reports directly to the Audit Committee chairman.

assistant: 內部審覈領導直接向審覈委員會主席報告。
user: Please translate the following sentence from English to Chinese: As a result, the firm no longer consolidates these businesses.

assistant: 因此，公司不再合併該等業務。
user: Please translate the following sentence from English to Chinese: The following documents are available for inspection during usual business hours on any weekday (Saturdays, Sundays and holidays excepted) until the Expiry Date at our office at 10 Des Voeux Road Central, Hong Kong:

assistant: 直至到期日止，以下文件可於平日（星期六、星期日及假期除外）的一般營業時間於我們的辦事處（地址爲香港德輔道中 10 號）查閱：
user: Please translate the following sentence from English to Chinese: The Company is subject to and has complied with the regulatory requirements imposed by the Financial Services Authority (FSA) under the Basel II framework.

assistant: 本公司須受英國金融服務局（「英國金融服務局」）根據新巴塞爾資本協定的框架施加的監管規定並予以遵守。
user: Please translate the following sentence from English to Chinese: The Contractholders will not be required to deliver any exercise notice and the Issuer or its agent will pay to the Contractholders the Cash Settlement Amount (if any) in accordance with Condition 4(d).

assistant: 牛熊證持有人將無須提交任何行使通知，而發行人或其代理人將根據細則 4(d) 向牛熊證持有人支付現金結算款（如有）。
user: Please translate the following sentence from English to Chinese: Save as disclosed in the Listing Documents, there has been no material adverse change in the Issuer's and our Guarantor’s financial or trading position since 31 December 2017 that would have a material adverse effect on the Issuer's and our Guarantor’s ability to perform their respective obligations in respect of the Warrants.

assistant: 除上市文件披露者外，發行人及我們的擔保人的財務或經營狀況自 2017 年 12 月 31 日起並無重大不利變動，同時亦不會對發行人及我們的擔保人履行各自有關認股權證的義務造成重大不利影響。
user: Please translate the following sentence from English to Chinese: Change in the scope of consolidation

assistant: 範圍變動
user: Please translate the following sentence from English to Chinese: (1) Included within this balance is $nil (2012: $2 million) provided as security over payables to other financial institutions.

assistant: (1) 此結餘其中零澳元（2012年：2百萬澳元）已提供作爲應付其他金融機構款項之抵押。
user: Please translate the following sentence from English to Chinese: In addition, Citigroup is a bank holding company, and certain affiliates and subsidiaries of CGMHI are banks, registered broker-dealers, futures commission merchants, investment advisers or other regulated entities and, in those capacities, are subject to regulation by various U.S., state and foreign securities, banking, commodity futures, consumer protection and other regulators.

assistant: 此外，Citigroup是一家銀行控股公司，CGMHI的若干聯屬公司及附屬公司爲銀行、註冊經紀交易商、期貨佣金商、投資顧問或其他受監管實體，而因其身份使然，須受到美國境內、州內及國外的證券、銀行、商品期貨、消費者保障及其他監管機構的監管。
user: Please translate the following sentence from English to Chinese: The accrual for compensation and benefits expenses on the condensed consolidated statements of earnings was $3.81 billion for the second quarter of 2015, 3% lower than the second quarter of 2014, due to a decline in the ratio of compensation and benefits to net revenues from 43.0% for the second quarter of 2014 to 42.0% for the second quarter of 2015.

assistant: 綜合盈利簡明報表所列二零一五年第二季的應計薪酬及福利開支爲38.1億元，較二零一四年第二季減少3%，此乃由於二零一四年第二季的薪酬及福利對收入淨額的比率由 43.0%下跌至二零一五年第二季的42.0%。
user: Please translate the following sentence from English to Chinese: 3.9 Liability of Issuer, Guarantor and Sponsor Exercise and settlement of the CBBCs is subject to all applicable laws, rules, regulations and guidelines in force at the relevant time and neither the Issuer, the Guarantor nor the Sponsor shall incur any liability whatsoever if it is unable to effect the transactions contemplated, after using all reasonable efforts, as a result of any such laws, rules, regulations or guidelines. Neither the Issuer, the Guarantor nor the Sponsor shall under any circumstances be liable for any acts or defaults of the CCASS in relation to the performance of its duties in relation to the CBBCs.

assistant: 3.9 發行人、擔保人及保薦人的義務 牛熊證之行使及結算受當時有效之所有適用法例、法規、規例及指引所規限，倘發行人、擔保人或保薦人經作出一切合理努力後，基於任何該等法例、法規、規例或指引而未能進行擬定之交易，則毋須承擔任何責任。 發行人、擔保人及保薦人在任何情況下均毋須就中央結算系統履行其有關牛熊證之責任時之任何作爲或失責承擔任何責任。
user: Please translate the following sentence from English to Chinese: J. Kerviel partially responsible for the damage caused to Societe Generale and sentenced him to pay to Societe Generale EUR 1 million. Societe Generale and J. Kerviel did not appeal before the Supreme Court.

assistant: J. Kerviel 須就對法興造成的損害承擔部分責任，並判其須向法興支付 100 萬歐元。 法興及 J. Kerviel 均無在最高法院提出上訴。
user: Please translate the following sentence from English to Chinese: - a credit rating is not a recommendation to buy, sell or hold the CBBCs;

assistant: - 信貸評級並非買入、出售或持有牛熊證的推薦意見;
user: Please translate the following sentence from English to Chinese: The co-chairs of the Firmwide Capital Committee are appointed by the co-chairs of the Firmwide Risk Committee.

assistant: 公司資本委員會聯席主席由公司裁及聯席營運總監彙報。
user: Please translate the following sentence from English to Chinese: On March 5, 2012, the Delaware Chancery Court dismissed IN RE CITIGROUP INC. SHAREHOLDER DERIVATIVE LITIGATION in its entirety.

assistant: 於二零一二年三月五日，美國特拉華州衡平法院完全駁回 IN RE CITIGROUP INC. SHAREHOLDER DERIVATIVE LITIGATION。
user: Please translate the following sentence from English to Chinese: Any Warrant will automatically be exercised if the Cash Settlement Amount on the Expiry Date is greater than zero (without notice being given to the Warrantholders).

assistant: 若現金結算款額在到期日大於零，任何權證將自動行使（而毋須通知權證持有人）。
user: Please translate the following sentence from English to Chinese: Managing operational risk KBC has a single, global framework for managing operational risk across the entire group.

assistant: 管理營運風險比聯擁有管理整個集團營運風險的單一、全球框架，包括：
user: Please translate the following sentence from English to Chinese: Equipment Finance enjoyed a good level of new business in 2017, with an increase of +7.0% (+7.6%*) vs. 2016.

assistant: 設備融資於二零一七年的新業務水平良好，較二零一六上升7.0%（上升7.6%*）。
user: Please translate the following sentence from English to Chinese: Within the Corporate & Institutional Banking and Commercial Banking portfolio:

assistant: 於風險企業及機構銀行及商業銀行組合內的風險：
user: Please translate the following sentence from English to Chinese: there has been no material adverse change in the financial or trading position of us since 31 December 2017;

assistant: 自 2017 年 12 月 31 日以來，發行人之財政或交易狀況並無重 大不利變動；
user: Please translate the following sentence from English to Chinese: A credit derivative is an arrangement whereby the credit risk of an asset (the reference asset) is transferred from the buyer to the seller of protection.

assistant: 信用衍生性金融商品是將資產（參考資產）的信用風險從買家轉至保護賣家的安排。
user: Please translate the following sentence from English to Chinese: (in millions) Purchased credit card relationships All other intangibles:

assistant: （以百萬計） 購入信用卡關係所有其他無形資產：
user: Please translate the following sentence from English to Chinese: In repurchase agreements where UBS transfers owned securities and where the recipient is granted the right to resell or repledge them, the securities are reclassified in the balance sheet from Trading portfolio assets to Trading portfolio assets pledged as collateral.

assistant: 在瑞銀轉移其所擁有的證券，而收取者獲授權將之轉售或再抵押的回購協議中，證券於資產負債表中由買賣組合資產重新分類爲抵押作抵押品的買賣組合資產。
user: Please translate the following sentence from English to Chinese: In May 2015, the administrative court issued a decision that was largely in favor of the tax authority with respect to the goodwill amortization assessment.

assistant: 2015年5月，行政法院就商譽攤銷評稅頒佈主要對稅務機關有利的判決。
user: Please translate the following sentence from English to Chinese: However, equity and equity-related offerings volumes decreased significantly, particularly in initial public offerings.

assistant: 然而，股本及股本相關發售量大幅下跌，尤其是首次公開發售。