billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: *The fees can be increased subject to the prior approval of the Securities and Futures Commission ("SFC") and by giving not less than three months’ prior notice to the investors.

assistant: *該項收費可被調高，惟須經證券及期貨事務監察委員會（「證監會」）事先批准，並向投資者事先發出不少於三個月的通知。
user: Please translate the following sentence from English to Chinese: The SEHK will monitor the quota and publish the remaining balance of the Northbound Daily Quota at scheduled times on the SEHK’s website.

assistant: 香港聯交所將監控額度的狀況及會於香港聯交所網站定時發佈北向每日額度的餘額。
user: Please translate the following sentence from English to Chinese: Scenario 2 – where there is a moderate performance of the Laggard Performer initially with a strong performance on the 6th Observation Date triggering a Knock-out Event on the 6th Scheduled Payment Date and mandatory early redemption on the 6th Scheduled Payment Date

assistant: 情況2： 於第6個觀察日落後股初期的一般表現轉強觸發於第6個預定派付日出現啓動事件，而於第6個預定派付日進行強制提早贖回
user: Please translate the following sentence from English to Chinese: Valuation adjustments, which may involve the use of significant management estimates, are an integral part of pricing these instruments, reflecting consideration of credit quality, concentration risk, sale restrictions and other liquidity factors.

assistant: 估值調整可能涉及使用重大管理層估計，屬於該等工具定價的整體部份，反映已考慮到信貸質素、集中風險、銷售限制及其他流通度因素。
user: Please translate the following sentence from English to Chinese: Risk factors The risks listed below are the most relevant risks of the Compartment.

assistant: 風險因素下文所列風險爲與本成分基金最相關的風險。
user: Please translate the following sentence from English to Chinese: APPENDIX FINANCIAL STATEMENTS OF CHEUNG KONG HOLDINGS The information set out in the sections headed “Interim Financial Statements of Cheung Kong Holdings for the six months ended 30 June 2004” and “Report of the Auditors and Consolidated Accounts of Cheung Kong Holdings for the year ended 31 December 2003” (on pages 29 to 69 of this programme prospectus) has been extracted from the Interim Report 2004 of Cheung Kong Holdings as at and for the six months ended 30 June 2004 and the Annual Report 2003 of Cheung Kong Holdings as at and for the year ended 31 December 2003.

assistant: 附　錄長江實業之財務報表 載於「長江實業截至二零零四年六月三十日止六個月之中期財務報表」及「長江實業截至二零零三年十二月三十一日止年度之核數師報告及綜合賬目」兩節（載於本計劃章程第29頁至第 69頁）之資料，乃摘錄自長江實業截至二零零四年六月三十日止六個月之二零零四年度中期報告及長江實業截至二零零三年十二月三十一日止年度之二零零三年年報。
user: Please translate the following sentence from English to Chinese: Please refer to the sections “Your commitment during the Mandatory Contribution Period” and “Taking a Contribution Holiday” on page 13 and page 14 to page 15 for details.

assistant: 有關詳情請參閱第 13 頁及第 14 頁至第 15 頁「您在必然供款期內的承諾」及「行使供款假期」的部分。
user: Please translate the following sentence from English to Chinese: If the physical settlement amount is deliverable to you, we will deliver the physical settlement amount to the legal holder who will instruct CCASS to deliver the same to your distributor (or its custodian) by way of electronic settlement through CCASS.

assistant: 倘實物結算額應交付予閣下，本公司將向法定持有人交付實物結算額，法定持有人將指示中央結算系統以電子交收之方式透過中央結算系統向閣下的分銷商（或其託管商）交付實物結算額。
user: Please translate the following sentence from English to Chinese: 3. Title

assistant: 3. 所有權
user: Please translate the following sentence from English to Chinese: (c) any takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person to purchase or otherwise obtain 100% of the outstanding Shares of such Company that results in a transfer of or an irrevocable commitment to transfer all such Shares (other than such Shares owned or controlled by the entity or person);

assistant: (c) 任何機構或人士提出的任何收購要約、公開出價收購要約、交換要約、招攬、建議或其他事件，以收購或以取得該公司100% 已發行股份，導致轉讓或不可撤銷地承諾轉讓所有該等股份（不包括該機構或人士已擁有或控制的股份）；
user: Please translate the following sentence from English to Chinese: The Distributor reserves the right to waive payment of a CDSC or reduce the amount of CDSC payable by any shareholder.

assistant: 分銷商保留權利免收或減收任何股東應繳之或有遞延銷售費。
user: Please translate the following sentence from English to Chinese: Stock selection is made across all sectors.

assistant: 選股範圍覆蓋所有行業。
user: Please translate the following sentence from English to Chinese: (iii) The Company may not use the securities it has borrowed during the entire term of the loan unless they are hedged by financial instruments allowing the Company to return the borrowed securities when the transaction is settled.

assistant: (iii) 本公司所借入的證券在整個借用期內均不可使用，除非該等證券由金融工具作對沖，使本公司可於交易結束時歸還借入證券。
user: Please translate the following sentence from English to Chinese: Past performance information is not indicative of future performance.

assistant: 過往表現的資料並非未來表現的指標。
user: Please translate the following sentence from English to Chinese: Currency conversion will be subject to availability of the currency concerned. None of the Manager, the Trustee or their respective agents or delegates will be liable to any Unitholder for any loss suffered by any person arising from the said currency conversion.

assistant: 貨幣匯兌將須受有關貨幣的可得情況規限。 基金經理、受託人或其各自代理或受委人概不就任何人士因上述貨幣匯兌引致的任何損失向任何單位持有人負責。
user: Please translate the following sentence from English to Chinese: You should therefore ensure that you understand the nature of our Single ELIs and carefully study the risk factors set out in this Product Booklet and other documents comprising the Offer Documents (as defined on page 2 of this Product Booklet) for our Single ELIs and, where necessary, seek independent professional advice, before you decide whether to invest in our Single ELIs.

assistant: 因此，　閣下在決定是否投資本行的單一股票掛鉤投資前，應確保　閣下了解本行的單一股票掛鉤投資的性質，並細閱本產品手冊及組成本行的單一股票掛鉤投資要約文件（定義見本產品手冊第2頁）的其他文件所載列的風險因素，並在有需要時尋求獨立專業意見。
user: Please translate the following sentence from English to Chinese: In such case, the Issuer shall make payment of the HKD Equivalent Amount no later than the third Business Day after such tenth Business Day.

assistant: 在此情況下，發行人將於不遲於該第十個營業日後第三個營業日支付港元等值金額。
user: Please translate the following sentence from English to Chinese: In the case of default of the counterparty, the amount, nature and timing of recovery may be uncertain.

assistant: 在交易對手違約的情況下，收回金額、性質及時間可能存在不確定性。
user: Please translate the following sentence from English to Chinese: Investments in Class “R” Shares made before 3 January 2018 are not subject to the new eligibility criteria but remain subject to the previous eligibility criteria. Additional and new investments in Class “R” Shares made as from 3 January 2018 by existing Shareholders not meeting the new eligibility criteria will no longer be accepted.

assistant: 於2018年1月3日前對「R」類股份作出的投資並不受新資格標準所規限，但仍受以往的資格標準所規限。 違反新資格標準的現有股東自2018年1月3日起對「R」類股份作出的其他新投資將不再獲接納。
user: Please translate the following sentence from English to Chinese: The Trade Date is currently expected to be on 25 October 2004, so the Coupon Dates are currently expected to be on or about 25 October of 2005, 2006, 2007, 2008 and 2009.

assistant: 交易日期現時預計爲二零零四年十月二十五日，而息票日現時預計爲二零零五年、二零零六年、二零零七年、二零零八年及二零零九年各年的十月二十五日或該日前後。
user: Please translate the following sentence from English to Chinese: Use of Fair Value Pricing Model X

assistant: 採用公平價值定價模式 X
user: Please translate the following sentence from English to Chinese: Structured products such as the Notes are not suitable for inexperienced investors.

assistant: 本票據等結構性產品並不適合沒有經驗的投資者。
user: Please translate the following sentence from English to Chinese: If these adverse economic or financial events in Europe continue, they could have additional unfavourable effects on the economies and financial markets of other parts of the world thereby affecting the value of the Fund’s investment.

assistant: 如這些歐洲地區的負面經濟或財務事件持續，或會更加不利全球其他地方的經濟和財務市場，繼而影響基金的投資價值。
user: Please translate the following sentence from English to Chinese: When, by reference to any Valuation Point, the aggregate value of the Shares of all Classes of the Fund issued exceeds the aggregate value of Shares of all Classes cancelled, any adjustment must be upwards.

assistant: 在任何估值點時，當本基金所有類別中發行股份的總價值，超過所有類別中註銷股份的總價值，任何調整必須爲向上調整。
user: Please translate the following sentence from English to Chinese: 14 March 2007 (approximately 9 months after the final fixing date)

assistant: 二零零七年三月十四日（最後定價日後大約九個月）
user: Please translate the following sentence from English to Chinese: The above circumstances may adversely affect Net Asset Value of the relevant Fund.

assistant: 上述情況可能對有關基金的資產淨值造成不利的影響。
user: Please translate the following sentence from English to Chinese: The Manager and/or the Investment Manager of the Fund may not obtain a rebate on any fees or charges levied by an underlying scheme or its management company.

assistant: 基金的經理人及／或投資經理人不可按相關計劃或其管理公司所徵收的任何費用或收費收取回傭。
user: Please translate the following sentence from English to Chinese: Quick facts Fund Manager:

assistant: 基金經理：
user: Please translate the following sentence from English to Chinese: Words and expressions defined in the Explanatory Memorandum shall have the same meanings in this Sixth Addendum.

assistant: 說明書所界定的詞彙和詞句在本補篇六具有相同的涵義。
user: Please translate the following sentence from English to Chinese: No initial charge will be made on the issue of such further units.

assistant: 發行該等額外單位將不會收取任何首次認購費。
user: Please translate the following sentence from English to Chinese: For the purposes of these Terms and Conditions, “Realisation Amount” means, unless otherwise specified in the applicable Pricing Supplement, the equivalent in the Specified Currency of the net proceeds of the realisation or, as the case may be, redemption of, if applicable, the Charged Assets (or, as the case may be, part thereof) and/or, if applicable, enforcement of the Credit Support Document(s) received by or on behalf of the Issuer (or, in the case of enforcement, by or on behalf of the Trustee), having taken into account, for the avoidance of doubt, any costs and expenses which may be incurred by or on behalf of the Issuer, including taxes and other charges in connection with the delivery or sale of any Charged Assets, to the extent the net proceeds are received in respect thereof.

assistant: 就該等條款及條件而言，除非適用定價補充文件中另有列明，「變現金額」指發行人或代表發行人（或，應強制執行的情形下，受託人或代表受託人）所收取的由變現、或視乎情況而定，贖回（如適用）已押記資產（或其部份，視乎情況而定）、及／或強制執行信貸支持文件所得款項淨額的特定貨幣等額。 爲釋疑起見，該「變現金額」已計及由或代表發行人所涉及的任何費用及開支，包括與交付或出售任何已押記資產有關的稅項及其他收費，以就此所收取的款項淨額爲限。
user: Please translate the following sentence from English to Chinese: - net valuation taken to equity - transferred to income statement - tax on items taken directly to or transferred from equity Balance at 31 December

assistant: －計入權益之估值淨額－轉入損益表－直接計入權益或自權益轉出 之項目的稅項 12 月 31 日結餘
user: Please translate the following sentence from English to Chinese: In order to promote Board efficiency and standards of corporate governance, the guidance set out in the “Board Diversity Policy” adopted by the Bank will be considered in identifying suitable and qualified candidates to be a Board member, which covers a number of aspects, including but not limited to gender, age, cultural and educational background, ethnicity, geographical location, professional experience, skills and knowledge, etc., in order to have an appropriate proportion in the Board composition from various aspects as afore-mentioned. At the same time, all Board appointments are made on merit, in the context of the skills and experience the Board as a whole required and the various perspectives of Board diversity elements as mentioned above shall also be adequately considered.

assistant: 爲提升董事會效益及企業管治水平，本銀行董事會按已訂立《董事會成員多元化政策》的指引，在物色適當及合資格人選爲董事會成員時，從多個方面考慮董事會成員多元化，包括但不限於性別、年齡、文化及教育背景、種族、地區、專業經驗、技能、知識等，務求令董事會成員的組成在以上各個範疇達到合適的比例。
user: Please translate the following sentence from English to Chinese: (b) we (as the Product Arranger) cease to meet any eligibility requirements applicable to product arrangers under the Code;

assistant: (b)本行（作爲產品安排人）不再符合《守則》項下適用於產品安排人的任何資格規定；
user: Please translate the following sentence from English to Chinese: For calculation of Incentive Fees with respect to H Shares, the Management Company will exclude the impact of currency hedging activity.

assistant: 就計算 H 股的獎勵費而言，管理公司將不計及貨幣對沖活動的影響。
user: Please translate the following sentence from English to Chinese: The Sub-Fund may hold significant investments in securities of smaller companies which may be less liquid, more volatile and tend to carry greater financial risk than securities of larger companies.

assistant: 子基金可能大量投資於小型公司證券，而相比較大型公司證券，其流通性可能較低、波幅較高及傾向帶有較高財務風險。
user: Please translate the following sentence from English to Chinese: Trading in securities on foreign securities stock exchanges and over-the-counter markets, such as those in Europe and Asia, may be normally completed well before the New York Stock Exchange closing time on each day that the New York Stock Exchange is open.

assistant: 在外國證券交易所及場外交易市場（例如歐洲及亞洲）進行的證券交易可能在紐約證券交易所收市時間之前就完成交易。
user: Please translate the following sentence from English to Chinese: The Manager has the discretion to waive, change or accept an amount lower than the Minimum Initial Subscription Amount or Minimum Subsequent Subscription Amount from time to time, whether generally or in a particular case.

assistant: 基金經理不時（不論在一般或特定情況下）有權酌情豁免、更改或接受較最低首次認購額或最低後續認購額爲低的款額。
user: Please translate the following sentence from English to Chinese: Any such charges will be deducted at the time of conversion and paid to the relevant distributor or the Principal Distributor (as applicable).

assistant: 任何該等收費將會在轉換時扣除並支付予有關分銷商或主要分銷商（如適用）。
user: Please translate the following sentence from English to Chinese: USD It is understood that under the current Luxembourg regulation a fund may invest not more than 10% of its net assets in unlisted securities not dealt on a Regulated Market. Some investments in Russian securities may be considered as falling under such limit.

assistant: 美元 根據現行盧森堡規例，基金可投資不超過10% 資產淨值於並非在受監管市場交易的非上市證券。 若干俄羅斯證券投資可能屬於有關限制範圍。
user: Please translate the following sentence from English to Chinese: or (11) the Exchange announces that pursuant to the rules of such Exchange, the Units cease (or will cease) to be listed, traded or publicly quoted on the Exchange for any reason and are not immediately re-listed, re-traded or requoted on an exchange or quotation system located in the same country as the Exchange;

assistant: 或 (11) 交易所宣佈，根據該交易所的規則，單位基於任何理由終止（或將會終止）在交易所上市、買賣或公開報價，及並無即時在交易所所在之相同國家之交易所或報價系統重新上市、重新買賣或重新報價；
user: Please translate the following sentence from English to Chinese: The Fund pursues its objective by investing primarily in a core portfolio of 20-40 common stocks of US issuers selected for their growth potential.

assistant: 爲達至此目標，本基金主要投資於因其增長潛力而獲選的20至40只美國發行人的普通股所組成的重點投資組合。
user: Please translate the following sentence from English to Chinese: Dear Investor, Franklin Templeton Investment Funds (the “Company”) Changes to the investment management structure of certain sub-funds (“Funds”) This letter is intended for investors who hold shares of the Company via an account with (i) Franklin Templeton Investments (Asia) Limited (the “Hong Kong Representative”) or (ii) a duly authorized intermediary for the Hong Kong market (collectively, “Investors”).

assistant: 富蘭克林鄧普頓投資基金（「本公司」） - 若干子基金（「基金」）的投資管理架構之變更 本信件適用於通過（i）富蘭克林鄧普頓投資（亞洲）有限公司（「香港代表」）或（ii）香港市場的正式授權中介人持有本公司股份的投資者（合稱，「投資者」）。
user: Please translate the following sentence from English to Chinese: (ii) Hong Kong Representative Agreement (for JPMorgan India Fund only).

assistant: (ii) 香港代表協議（僅就摩根印度基金而言）。
user: Please translate the following sentence from English to Chinese:  advising the Company on compliance with Shariah principles in respect of the use of instruments and techniques for hedging, if any, and sub-fund management;

assistant: 就對沖工具及技巧（如有）的運用及附屬基金管理如何遵從伊斯蘭教法原則向本公司提供意見 ;
user: Please translate the following sentence from English to Chinese: Up to 1.5% Class D:

assistant: 最高 1.5% 類別 D：
user: Please translate the following sentence from English to Chinese: Principal and interest payments are to be made by the private enterprise benefitting from the development, which means that the holder of the bond is exposed to the risk that the private issuer may default on the bond. Moral obligation bonds are usually issued by special purpose public entities.

assistant: 本金及利息付款將由受惠於有關發展的私營企業作出，意味債券持有人承受私營發行機構或會就債券違約的風險。 道德責任債券通常由特別目的公共機構發行。
user: Please translate the following sentence from English to Chinese: Developing Market Risks.

assistant: 發展中市場風險。
user: Please translate the following sentence from English to Chinese: The risks associated with an investment in the Fund are set out in Section II of this Prospectus in the subsection entitled "Risk Factors".

assistant: 投資於本傘子基金的相關風險載列於本認購章程第II部分題爲「風險因素」的分節中。
user: Please translate the following sentence from English to Chinese: the cost of any meetings of Shareholders;

assistant: 召開持有人任何會議的費用；
user: Please translate the following sentence from English to Chinese:  Amended and Restated Investment Management Agreement dated 22 December 2005, as amended by supplemental agreements dated 28 September 2006 and side letter dated 30 October 2007, between the Company and the Investment Adviser pursuant to which Investment Adviser was appointed to provide investment advisory and other related services;

assistant: 重大合約 已經簽訂的重大或可能屬重大的合約如下﹕ 《經修訂與重訂投資管理協議》－二零零五年十二月二十二日由本公司與投資顧問簽訂（經日期爲二零零六年九月二十八日的補充協議及經日期爲二零零七年十月三十日的附函修訂）。 根據此協議，投資顧問獲委任提供投資顧問及其他相關服務；
user: Please translate the following sentence from English to Chinese: The Depositary shall also ensure the effective and proper monitoring of the Company’s cash flows pursuant to the provisions of the Law of 17 December 2010 on undertakings for collective investment (“Law of 2010”) and the depositary agreement (hereinafter referred to as the “Depositary Agreement”), each as amended.

assistant: 存管處已獲委任妥善保管本公司可以保管形式持有的金融工具、保管紀錄及覈實本公司所持有的其他資產擁有權。
user: Please translate the following sentence from English to Chinese: The Fund invests at least 70% of its total assets in investment grade fixed income transferable securities issued by governments and their agencies worldwide. Currency exposure is flexibly managed.

assistant: 基金將不少於70% 的總資產投資於全球各地政府及機關發行的投資級定息可轉讓證券。 貨幣風險將靈活管理。
user: Please translate the following sentence from English to Chinese: Financial instruments not in scope of offsetting disclosures (B)

assistant: 不在抵銷披露 範圍內的金融工具 (B)
user: Please translate the following sentence from English to Chinese: Payments made by cash or cheque will not be accepted.

assistant: 現金或支票付款恕不接受。
user: Please translate the following sentence from English to Chinese: Although the creation/redemption feature of ETFs generally makes it more likely that ETF shares will trade close to net asset value, market volatility, lack of an active trading market for ETF shares, disruptions at market participants (such as authorized participants or market makers) and any disruptions in the ordinary functioning of the creation/redemption process may result in ETF shares trading significantly above (at a “premium”) or below (at a “discount”) NAV.

assistant: 雖然 ETF 的增設／贖回特色一般使 ETF 股份很可能會按接近資產淨值的價格買賣，但市場波動性、ETF 股份欠缺活躍交易市場、市場參與者（例如獲授權參與者或市場莊家）買賣中斷及增設／贖回程序的正常運作受到任何干擾，均可能導致 ETF 股份以大幅高於（「溢價」）或低於（「折讓」）資產淨值的價格買賣。
user: Please translate the following sentence from English to Chinese: Also, the investments in equity of companies may involve risks (for example linked to transferable securities and stock markets), such as exchange rates and volatility risks.

assistant: 此外，投資於公司股票可能涉及風險（例如與可轉讓證券及股票市場相關的風險），例如匯率及波幅風險。
user: Please translate the following sentence from English to Chinese: The Luxembourg law of 17 December 2010 relating to undertakings for collective investment, as it may be amended from time to time. FIL Investment Management (Luxembourg) S.A., a société anonyme with its registered office at 2a Rue Albert Borschette, BP 2174, L-1021 Luxembourg, which has been appointed by the Fund as Management Company to provide investment management, administration and marketing functions to the Fund with the possibility to delegate part or all of such functions to third parties.

assistant: 二零一零年十二月十七日有關集體投資計劃的盧森堡法例，可不時作出修訂。 FIL Investment Management (Luxembourg) S.A.，一家註冊辦事處地址爲2a Rue Albert Borschette, BP 2174, L-1021 Luxembourg的有限公司 (société anonyme)，已獲本基金委任爲管理公司，以便爲本基金提供投資管理、行政管理及市場推廣職能，並可將該等部份或全部職能轉授予第三方。
user: Please translate the following sentence from English to Chinese: The Company in general meeting may by ordinary resolution ratify any transaction not duly authorised by reason of any contravention of this paragraph (iv).

assistant: 本公司在股東大會上可通過普通決議追認因違反本第(iv)段而沒有獲得正式授權的任何交易。
user: Please translate the following sentence from English to Chinese: There will be no physical delivery of gold in each transaction of the Scheme.

assistant: 本計劃的每項交易均不涉及黃金實貨交收。
user: Please translate the following sentence from English to Chinese: n 10% of the debt securities of the same issuer;

assistant: n 10%同一發行機構的債務證券；
user: Please translate the following sentence from English to Chinese: In such a case, if a counterparty defaults, the Investee Scheme may need to sell non-cash collateral received at prevailing market prices, thereby resulting in a loss to the Investee Scheme.

assistant: 在此情況下，若交易對手違約，被投資計劃或須出售按當時市價收取的非現金抵押物，因而令被投資計劃造成損失。
user: Please translate the following sentence from English to Chinese: It is authorized to receive applications and requests for subscriptions, redemptions and switches of Shares from persons in Hong Kong.

assistant: 其獲授權接收香港人士之股份認購、贖回及轉換之申請及請求。
user: Please translate the following sentence from English to Chinese: 3.6 Risk assessment for retail exposures under IRB approach (continued)

assistant: 3.6 內部評級基準計算法下零售風險承擔的風險評估（續）
user: Please translate the following sentence from English to Chinese: Subscriptions are only valid if made on the basis of the current full Prospectus and the KIID in relation to each Sub-Fund, accompanied by the latest annual report and semi-annual report if published thereafter.

assistant: 唯有根據附有本公司最近期的年度報告及於年度報告後公佈的中期報告（如有）的、最新完整版本的售股章程及有關各子基金的 KIID 作出的認購纔是有效的。
user: Please translate the following sentence from English to Chinese: Note 18 Financial liabilities designated at fair value

assistant: 附註 18 指定爲按公平值列賬的金融負債
user: Please translate the following sentence from English to Chinese: The High Water Mark will not be set at a level below the relevant Initial Issue Price.

assistant: 高水位指標不會被設定爲低於相關首次發行價的水平。
user: Please translate the following sentence from English to Chinese: 7. Fees and Dividend Frequency

assistant: 7. 費用及派息次數
user: Please translate the following sentence from English to Chinese: Dividend income arising from held-for-trading financial assets is recognised in “Net trading income”, while those arising from available-for-sale financial assets is recognised in “Net income from investment securities”. Allowances for credit and other losses Please refer to Note 2.11 for the accounting policy on impairment of financial assets.

assistant: 持作交易的金融資產產生的股息收益確認爲「淨交易收益」，而可供出售金融資產產生之股息則確認爲「投資證券淨收益」。 信貸及其他虧損準備金有關金融資產減值的會計政策請參閱附註 2.11。
user: Please translate the following sentence from English to Chinese: We are involved in a number of judicial, regulatory and arbitration proceedings concerning matters arising in connection with the conduct of our business.

assistant: 我們涉及多宗司法、規管及仲裁的法律訴訟，全部源自業務經營事宜。
user: Please translate the following sentence from English to Chinese: The reference asset or asset class of any CDS or TRS will always comprise assets which the Fund itself is permitted to invest in directly under its current investment policy.

assistant: 任何信貸違約掉期或總回報掉期的參考資產或資產，將包括子基金根據現行投資策略獲允許直接投資的資產。
user: Please translate the following sentence from English to Chinese: The liability component is subsequently measured at amortized cost.

assistant: 負債項目其後按已攤銷成本計算。
user: Please translate the following sentence from English to Chinese: 13. Credit Default Swap Risk

assistant: 13. 信貸違約掉期協議的風險
user: Please translate the following sentence from English to Chinese: The prices of bonds generally increase when interest rates decline and decrease when interest rates rise. Longer term bonds are usually more sensitive to interest rate changes.

assistant: 債券的價格一般會隨利率下降而上升； 隨利率上升而下跌。