billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Fair value hedge gains and losses The following table presents derivative instruments, by contract type, used in fair value hedge accounting relationships, as well as pretax gains/(losses) recorded on such derivatives and the related hedged items for the three months ended March 31, 2010 and 2009, respectively. JPMorgan Chase Bank, N.A. includes gains/(losses) on the hedging derivative and the related hedged item in the same line item in the Consolidated Statements of Income.

assistant: 公平值對沖之損益下表列載截至2010年及2009年3月31日止三個月用於公平值對沖會計關係的衍生工具（按合約類型分類），以及相關衍生工具及對沖項目的除稅前收益╱（虧損）。 JPMorgan Chase Bank, N.A.將對沖衍生工具之收益╱（虧損）及相關對沖項目列入綜合收益表之同一項目。
user: Please translate the following sentence from English to Chinese: If publication is not practicable, notice will be given in such other manner as the Issuer may determine.

assistant: 如刊登並不可行，通告可通過發行人確定的其他方式發出。
user: Please translate the following sentence from English to Chinese: These loans are subject to impairment measurement based on the present value of expected future cash flows discounted at the loan’s original effective interest rate, or in certain circumstances, impairment may also be based upon the collateral value or the loan’s observable market price if available.

assistant: 該等貸款須根據按貸款的原有實際合約利率折讓的預期未來現金流量的現值進行減值計算。 在若干情況下，減值亦可按抵押品價值或貸款的可觀察市值（如有）計算。
user: Please translate the following sentence from English to Chinese: When evaluating whether the Company has an obligation to absorb losses that could potentially be significant, it considers the maximum exposure to such loss without consideration of probability.

assistant: 於評估本公司是否有責任吸收可能對屬重大的損失時，其考慮到有關該損失的最大風險，而非其可能性。
user: Please translate the following sentence from English to Chinese: The net realisable value from a distressed sale of collateral obtained by The Group upon default or insolvency of a counterparty will in some cases be lower than the carrying value recognised above.

assistant: 本集團因對手方違約或無力償債而透過廉價出售抵押品所獲得的可變現淨值在某些情況下將低於上述確認的賬面值。
user: Please translate the following sentence from English to Chinese: and (b) in respect of American Style Warrants, the Valuation Date;

assistant: 而 (b) 就美式權證而言，指估值日後三個營業日；
user: Please translate the following sentence from English to Chinese: During the quarter, Equities operated in an environment characterized by continued low volatility levels and generally lower market volumes in the United States and Europe compared with the second quarter of 2014.

assistant: 於季內，股本業務的經營環境波動水平繼續偏低，相比二零一四年第二季，美國及歐洲的市場成交量普遍下降。
user: Please translate the following sentence from English to Chinese: Past due but not individually impaired $million 3 18 1 1 4 181 208

assistant: 已逾期但未個別減值 百萬元 –– 3 18 1 1 4 181 208
user: Please translate the following sentence from English to Chinese: Based on 30 June 2011 exposures, UBS's BIS RWA calculated under the enhanced Basel II framework (commonly referred to as Basel 2.5)3 were CHF 278.2 billion, CHF 72.0 billion higher than under the standard Basel II framework.

assistant: 根據 2011 年 6 月 30 日的數據，UBS 根據經強化的《巴塞爾資本協定 II》框架（一般稱爲巴塞爾資本協定 2.5）3 計算的 BIS 風險加權資產爲 2,782 億瑞士法郎，較根據標準《巴塞爾資本協定 II》框架計算多 720 億瑞士法郎。
user: Please translate the following sentence from English to Chinese: (1) Net balance

assistant: (1) 結餘淨額
user: Please translate the following sentence from English to Chinese: There is no restriction through the issue of the CBBCs on the ability of us and/or our affiliates to sell, pledge or otherwise convey all right, title and interest in any Underlying Asset or any derivatives products linked to the Underlying Asset.

assistant: 我們及或我們之聯屬公司可出售、質押或以其他方式轉讓任何相關資產或與相關資產掛鉤之任何衍生工具產品之一切權利、所有權及權益，概不受發行牛熊證之限制。
user: Please translate the following sentence from English to Chinese: Persons interested in acquiring structured products should inform themselves and obtain appropriate professional advice as to (i) the legal requirements within the countries of their nationality, residence, ordinary residence or domicile for such acquisition;

assistant: 有意收購結構性產品之人士應自行及就 (i) 其國籍、居住地、日常居住地或定居國家之法律規定；
user: Please translate the following sentence from English to Chinese: Fair value at January 1, 2010

assistant: 2010年 1月1日的公平值
user: Please translate the following sentence from English to Chinese: The fair values of the contracts reflect the probability of whether JPMorgan Chase Bank, N.A. will be required to perform under the contract.

assistant: 合約公平值反映了JPMorgan Chase Bank, N.A.是否需要履行合約的可能性。
user: Please translate the following sentence from English to Chinese: You have no rights in the underlying Unit throughout the term of the Warrants. Changes in the market value of the Warrants may not correspond with the movements in the price of the underlying Unit, especially when the theoretical value of the Warrants is at HK$0.01 or below.

assistant: 於權證的整段有效期內，閣下對掛鉤基金單位並無任何權利。 掛鉤基金單位的價格變動未必導致權證的市值出現相應變動，尤其當權證的理論價值等於或低於0.01港元時。
user: Please translate the following sentence from English to Chinese: 1 Includes write-offs of fully depreciated assets.

assistant: 1 包括撇銷完全折舊的資產。
user: Please translate the following sentence from English to Chinese: At least 25 payments have been made on approximately 58 percent of the defaulted and severely delinquent loans.

assistant: 違約或嚴重拖欠貸款中約58%已收到至少25次付款。
user: Please translate the following sentence from English to Chinese: and (ii) in respect of a pre-opening session or a closing auction session (if applicable) of the Stock Exchange (as the case may be), the final Indicative Equilibrium Price (as defined in the Trading Rules) of the Share (if any) calculated at the end of the pre-order matching period of such pre-opening session or closing auction session (if applicable) (as the case may be) in accordance with the Trading Rules, excluding direct business (as defined in the Trading Rules), subject to such modification and amendment prescribed by the Stock Exchange from time to time.

assistant: 及 (ii) 就聯交所開市前時段或（如適用）收市競價交易時段（視情況而定）而言，指根據交易規則於該開市前時段或（如適用）收市競價交易時段（視情況而定）於對盤期間前結束時計算之股份（如有）的最終指示性平衡價格（定義見交易規則），不包括直接成交（定義見交易規則）， 受限於聯交所不時規定的有關修改及修訂。
user: Please translate the following sentence from English to Chinese: More particularly, losses and gains on financial assets and liabilities at fair value through profit or loss held for trading purposes, amounting respectively to EUR 10,163 million and EUR 4,409 million, primarily correspond to changes in the value of CDO positions classified in Level 3 hedged by CDS positions classified in Level 2.

assistant: 更重要的是，以公允價值變化計入損益的持作買賣金融資產及負債的損益分別達到10,163百萬歐元及4,409百萬歐元，主要來自分類爲第3級的抵押債務證券持倉（其採用分類爲第2級的信貸違約掉期持倉對沖）的價值變動。
user: Please translate the following sentence from English to Chinese: Such events may negatively affect your investment and you may suffer a loss. Mode of settlement for the CBBCs Subject to early termination upon the occurrence of a Mandatory Call Event, the CBBCs will be automatically exercised on the Expiry Date in integral multiples of the Board Lot if the Cash Settlement Amount is positive.

assistant: 該等事件可能對閣下的投資有負面影響，而閣下或會蒙受損失。 牛熊證的交收方式 倘現金結算金額爲正數，則牛熊證將於到期日以買賣單位的完整倍數自動行使，惟發生強制贖回事件除外。
user: Please translate the following sentence from English to Chinese: This committee has established the following risk-related committees that report to it:

assistant: 此委員會已成立下列向其彙報的風險相關委員會：
user: Please translate the following sentence from English to Chinese: In addition, we have exposure to our clients in the oil and gas industry arising from derivatives.

assistant: 此外，我們有因衍生工具而產生對油汽行業客戶之風險敝口。
user: Please translate the following sentence from English to Chinese: Our name was further changed to Credit Suisse AG, effective as of 9 November 2009.

assistant: 二零零九年十一月九日起，我們的名稱進一步更改爲Credit Suisse AG。
user: Please translate the following sentence from English to Chinese: At expiry If a Mandatory Call Event has not occurred during the Observation Period, the CBBCs will be terminated on the Expiry Date.

assistant: 到期時倘於觀察期並無發生強制贖回事件，則牛熊證將於到期日終止。
user: Please translate the following sentence from English to Chinese: ‘‘Relevant Exchange Business Day’’ means a day (excluding Saturdays and Sundays) on which the Relevant Exchange is scheduled to open for dealings in the Relevant Exchange City and banks are open in the Relevant Exchange City for business.

assistant: 「相關交易所營業日」指相關交易所預定在相關交易所城市開市買賣及銀行在相關交易所城市開門營業的日子（不包括星期六及星期日）。
user: Please translate the following sentence from English to Chinese: FIXED INCOME, CURRENCIES AND COMMODITIES Fixed income activities cover a comprehensive range of products and services ensuring the liquidity, pricing and hedging of risks related to the fixed income, forex and commodity activities of SG CIB’s customers.

assistant: 定息收入業務涵蓋的產品及服務範圍廣泛，確保法興企業及投資銀行客戶有關定息收入、外匯及商品業務在流通性、定價及對沖風險。
user: Please translate the following sentence from English to Chinese: Information about the CBBCs after issue You may visit the Stock Exchange’s website at www.hkex.com.hk/products/securities/callable-bull-bear-contracts?

assistant: 牛熊證發行後有關牛熊證的資料閣下可瀏覽聯交所網站www.hkex.com.hk/products/securities/callable-bull-bear-contracts?
user: Please translate the following sentence from English to Chinese: Holders are urged to consult with their own tax advisors regarding the possible implications of FATCA on their investment in the structured products.

assistant: 持有人謹請就FATCA對其於結構性產品的投資可能造成的影響，諮詢本身的稅務顧問。
user: Please translate the following sentence from English to Chinese: (vi) Amounts for the current and previous years

assistant: (vi) 本年度及過往年度之金額
user: Please translate the following sentence from English to Chinese: In the case of available for sale equity securities, a significant or prolonged decline in the fair value of the security below its cost is also considered in determining whether impairment exists.

assistant: 對於可供出售股份證券，證券公平價值持續或顯著降低於成本亦爲界定是否存在減值之因素之一。
user: Please translate the following sentence from English to Chinese: 21 September 2018

assistant: 2018年9月21日
user: Please translate the following sentence from English to Chinese: In a challenging environment, International Retail Banking consolidated its growth strategy, with controlled expansion of the franchise and revenues up +3.6%* on an annual basis.

assistant: 儘管經濟環境充滿挑戰，國際零售銀行繼續鞏固其增長策略，客戶特許權在受控情況下擴展，收益按年上升 3.6%*。
user: Please translate the following sentence from English to Chinese: All necessary arrangements have been made to enable the Warrants to be admitted into the Central Clearing and Settlement System (“CCASS”).

assistant: 我們已作出一切所需安排以便認股權證獲納入中央結算及交收系統（「中央結算系統」）。
user: Please translate the following sentence from English to Chinese: Table of Contents Regulatory Capital Changes We manage regulatory capital to adhere to internal capital guidelines and regulatory standards of capital adequacy based on our current understanding of the rules and the application of such rules to our business as currently conducted.

assistant: 目錄 監管資本變動我們根據現行對有關規則的理解及該等規則對我們現行經營業務的應用管理監管資本，目的爲遵守內部資本指引及監管 標準。
user: Please translate the following sentence from English to Chinese: In such event, the amount payable by us (if any) will be the fair market value of the CBBCs less our cost of unwinding any related hedging arrangements as determined by us, which may be substantially less than your initial investment and may be zero.

assistant: 在此情況下，我們應付的款項（如有）將爲牛熊證的公平市值減去按我們所釐定將任何有關對沖安排平倉的成本，而有關款項或會大幅低於閣下的最初投資，甚至可能是零。
user: Please translate the following sentence from English to Chinese: “Spot Level” means the spot level of the Index as compiled and published by the Index Compiler;

assistant: 「現貨水平」指指數編制人所編制及公佈之指數之現貨水平；
user: Please translate the following sentence from English to Chinese: (3) The change in attachment points resulted: – upward change:

assistant: (3) 損失起賠點變動有以下影響：
user: Please translate the following sentence from English to Chinese: These commitments and any related drawdowns of these facilities typically have fixed maturity dates and are contingent on certain representations, warranties and contractual conditions applicable to the borrower.

assistant: 該等承擔及該等融資的任何有關借款提取通常設有固定還款期，並因若干適用於借款人的聲明、保證及合約條件而成爲或有。
user: Please translate the following sentence from English to Chinese: The Market Risk Final Rule introduces new measures of market risk, a charge related to a stressed Value-at-Risk (VaR), an incremental risk charge and a comprehensive risk measure, as well as other technical modifications.

assistant: 最終市場風險規則引進新的市場風險計算方法、一項有關受壓風險價值的費用、一項增值風險費用及一項全面風險措施以及其他技術層面修訂。
user: Please translate the following sentence from English to Chinese: AUSTRALIA This document is not a prospectus, product disclosure statement or any other disclosure document for the purposes of the Corporations Act 2001 (Cth) (the “Act”).

assistant: 就《 2001 年公司法（聯邦）》 (Corporations Act 2001(Cth)) （「公司法」）而言，本文件並非章程、產品披露文件或任何披露文件。
user: Please translate the following sentence from English to Chinese: Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions. Societe Generale is included in the main socially responsible investment indices:

assistant: 企業及投資銀行、私人銀行、資產管理及證券服務，具有受認可的專業知識、數一數二的國際排名及綜合解決方案。 法興已列入主要的社會責任投資指數：
user: Please translate the following sentence from English to Chinese: No offers, sales or deliveries of any structured products, or distribution of any offering material relating to the structured products, may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws or regulations and will not impose any obligations on us.

assistant: 於任何司法管轄區一概不得提呈發售、銷售或送交任何結構性產品或分派有關結構性產品之任何發售資料，惟在遵守適用法律或法規及不會爲本公司帶來任何責任之情況下則除外。
user: Please translate the following sentence from English to Chinese: Commercial Banking income grew 1 per cent year-on-year, driven by Cash Management and Corporate Finance

assistant: 商業銀行業務的收入按年增長 1%，乃受現金管理及企業融資所帶動
user: Please translate the following sentence from English to Chinese: consent letters of the Auditors;

assistant: 核數師的同意書；
user: Please translate the following sentence from English to Chinese: Level 3 Other Financial Assets at Fair Value for the Year Ended December 2013

assistant: 截至二零一三年十二月止年度按公允價值入賬的第三級別其他金融資產
user: Please translate the following sentence from English to Chinese: The combined Net Asset Value (NAV) for all of the CDOs was £1bn. Funding The CDOs were funded with senior unrated notes and rated notes up to AAA.

assistant: 所有CDO之合併資產淨值(NAV)爲10億英鎊。 融資 CDO是以優先無評級票據及評級爲AAA的票據進行融資。
user: Please translate the following sentence from English to Chinese: For the other major defined benefit pension plan, retirement benefits accrue based on the career-average earnings of each individual plan participant.

assistant: 就其他主要界定福利退休金計劃而言，退休福利乃根據每位個人計劃參與者的職業生涯平均薪資累計。
user: Please translate the following sentence from English to Chinese: 82 APPENDIX 4 — A BRIEF GUIDE TO CREDIT RATINGS .

assistant: 82 附錄四－信貸評級簡要指引 .
user: Please translate the following sentence from English to Chinese: If an asset or group of assets and liabilities becomes impaired, an impairment loss is recognised in the profit and loss account. Impairment losses may be reversed.

assistant: 若資產或資產與負債組合出現減值，則減值虧損確認於損益賬內，且可撥回。
user: Please translate the following sentence from English to Chinese: Fiscal Year 2009

assistant: 財政年度二零零九年
user: Please translate the following sentence from English to Chinese: Group Inc. and certain of its affiliates are parties to various civil litigation and arbitration proceedings and other disputes with clients relating to losses allegedly sustained as a result of the firm’s investment management services.

assistant: Group Inc.及其若干聯屬公司與聲稱因公司的投資管理服務而招致損失的客戶產生多項民事訴訟及仲裁程序以及其他糾紛。
user: Please translate the following sentence from English to Chinese: Line of Business, Corporate Function and Regional Control Committees oversee the control environment in the particular line of business or corporate function or the business operating in a particular region.

assistant: 業務線、公司職能及區域控制委員會監督特定業務線或公司職能部門或於特定區域經營的業務的監控環境。
user: Please translate the following sentence from English to Chinese: The grant of Awards to Eligible Employees working in Australia is subject to payroll tax, calculated based on the market value of shares on the Acquisition Date.

assistant: 向合資格僱員授出之獎勵須繳納工資稅，其按於取得日期股份之市值計算。
user: Please translate the following sentence from English to Chinese: (c) Transfer. Transfers of beneficial interests in the Warrants may be effected only in Board Lots or integral multiples thereof in CCASS (as defined below) in accordance with the CCASS Rules (as defined below).

assistant: (c) 轉讓。 權證的實益權益只可根據中央結算系統規則（定義見下文）於中央結算系統（定義見下文）內以一手買賣單位或其完整倍數轉讓。
user: Please translate the following sentence from English to Chinese: We did not repurchase any common stock during the fourth quarterof 2007 and do not anticipate additional repurchases of common shares.

assistant: 於二零零七年第四季，我們沒有購回任何普通股，並預期不會額外購回普通股。
user: Please translate the following sentence from English to Chinese: MBA, accountant.

assistant: MBA，會計師。
user: Please translate the following sentence from English to Chinese: If publication is not practicable, notice will be given in such other manner as the Issuer may determine.

assistant: 如此刊登方法並不可行，通告可通過發行人決定的其他方式發出。
user: Please translate the following sentence from English to Chinese: The firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.

assistant: 公司無法估計就該等擔保及補償承諾所須支付之最高金額。
user: Please translate the following sentence from English to Chinese: Corporate and Investment Banking

assistant: 企業及投資銀行
user: Please translate the following sentence from English to Chinese: Non-collateralised structured products The Warrants are not secured on any of our or our Guarantor’s assets or any collateral. Credit risk If you invest in the Warrants, you are relying on our creditworthiness and our Guarantor’s creditworthiness and of no other person.

assistant: 無抵押結構性產品認股權證並無以我們或我們的擔保人的資產或任何抵押品作抵押。 信譽風險如閣下購買認股權證，閣下是倚賴我們及我們的擔保人而非任何其他人士的信譽。
user: Please translate the following sentence from English to Chinese: Results of Operations The composition of our net revenues has varied over time as financial markets and the scope of our operations have changed.

assistant: 公司收入淨額的組成，隨時間因財務市場及經營範疇的變動而有變。
user: Please translate the following sentence from English to Chinese: – market volatility and interest rate fluctuations and developments affecting interest rate levels;

assistant: －市場波動及利率波動以及影響利率水平的發展；
user: Please translate the following sentence from English to Chinese: Is the Issuer regulated by the Hong Kong Monetary Authority referred in Rule 15A.13(2) or the Securities and Futures Commission referred to in Rule 15A.13(3)?

assistant: 發行人是否受規則第15A.13(2)條所指的香港金融管理局或規則第15A.13 (3) 條所指的證券及期貨事務監察委員會規管?
user: Please translate the following sentence from English to Chinese: In such event, you may not be able to recover all or even part of the amount due under the Warrants (if any).

assistant: 在此情況下，閣下可能無法收回有關權證的全部或部份應收款項（如有）。
user: Please translate the following sentence from English to Chinese: Average Balance

assistant: 平均結餘
user: Please translate the following sentence from English to Chinese: – the value and volatility of the price of the underlying asset (being a measure of the fluctuation in the price of the underlying asset over time);

assistant: –掛鉤資產的價值及價格波幅（即掛鉤資產價格隨時間波動的量度單位）；
user: Please translate the following sentence from English to Chinese: Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

assistant: 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈之全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。
user: Please translate the following sentence from English to Chinese: The chart below reflects our daily VaR over the last four quarters.

assistant: 下表反映過去四個季度之每日風險價值。
user: Please translate the following sentence from English to Chinese: During a liquidity crisis, credit-sensitive funding, including unsecured debt and some types of secured financing agreements, may be unavailable, and the terms or availability of other types of secured financing may change.

assistant: 出現流動資金危機時，可能無法取得信貸敏感融資，包括無抵押債項以及某些類別的有抵押融資協議，而其他類別的有抵押融資條款或可動用程度亦可能有變。
user: Please translate the following sentence from English to Chinese: The following types of financial instruments are measured at amortised cost unless they are held for trading or designated at fair value through profit or loss.

assistant: 以下各類金融工具按已攤銷成本計量，惟持作交易用途或指定以公允值計入損益賬之工具除外。
user: Please translate the following sentence from English to Chinese: Trading in the Structured Products may be affected by suspension of trading in the underlying If trading in the underlying, or in any securities which comprise the underlying, is suspended on the Stock Exchange or any other relevant exchange or market, trading in the Structured Products may be suspended for a similar period.

assistant: 結構性產品的買賣可能受相關資產暫停買賣所影響如果相關資產或組成相關資產的任何證券在聯交所或任何其他有關交易所或市場暫停 交易，結構性產品的交易可能於同期暫停交易。
user: Please translate the following sentence from English to Chinese: “A2” with a stable outlook;

assistant: 「A2」級，前景穩定；
user: Please translate the following sentence from English to Chinese: UBS AG applies the projected unit credit method to determine the present value of its defined benefit obligations, the related current service cost and, where applicable, past service cost.

assistant: 瑞士銀行採納單位進賬預測法釐定其界定福利責任的現值以及有關即期服務費用及過往服務費用（如適用）。
user: Please translate the following sentence from English to Chinese: J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands) and unconditionally and irrevocably guaranteed by Guarantor:

assistant: J.P. Morgan Structured Products B.V. （於荷蘭註冊成立的有限公司） 發行及由擔保人：
user: Please translate the following sentence from English to Chinese: The Warrants can be volatile Prices of the Warrants may rise or fall rapidly.

assistant: 權證可能會波動 權證的價格可急升亦可急跌。
user: Please translate the following sentence from English to Chinese: Existing Entitlement immediately prior to the relevant Cash Distribution

assistant: 緊接相關現金分派前之現有行使價
user: Please translate the following sentence from English to Chinese: ■ the interim interest rates and expected dividend payments or other distributions on the underlying asset;

assistant: ■中期利率及相關資產的預期股息分派或其他分派；
user: Please translate the following sentence from English to Chinese: The amount of commitments shown above reflects, where relevant, the expected level of take-up of pre-approved facilities.

assistant: 在相關情況下，上列承諾金額乃指預先批覈信貸額度預期取用之水平。
user: Please translate the following sentence from English to Chinese: 4. Exercise of Warrants

assistant: 4. 行使權證
user: Please translate the following sentence from English to Chinese: If there are any dealings in the Warrants by us or any of our subsidiaries or associated companies from the Launch Date prior to the Listing Date, we will report those dealings to the Stock Exchange by the Listing Date and such report will be released on the website of the Stock Exchange.

assistant: 倘若我們或我們的任何附屬公司或聯營公司自推出日起至上市日前進行任何權證買賣，我們將於上市日前向聯交所彙報該等買賣，而有關報告將於聯交所網站刊出。
user: Please translate the following sentence from English to Chinese: Once any payment is made in this way, investors in the Bonds will have no further rights against the Ministry of Finance for that payment, even if the CMU or any custodian fails to transmit the investors’ share of the payment to the investors or transmits it late.

assistant: 一旦財政部以此方式付款，即使中央結算系統或任何託管人未能或遲延向投資者支付其份額款項，國債投資者不可再就該項付款向財政部追索。
user: Please translate the following sentence from English to Chinese: The Warrants are exercisable by delivery of an Exercise Notice in accordance with Condition 4 only on the Expiry Date or on the Business Day prior to the Expiry Date provided that any delivery made before the Expiry Date shall be deemed to be made on the Expiry Date.

assistant: 權證僅可於到期日或到期日前一個營業日根據細則4提交行使通知行使，但到期日前作出的提交亦須被視爲於到期日作出的提交。
user: Please translate the following sentence from English to Chinese: Any downgrading of our credit ratings could result in a reduction in the value of the Structured Products;

assistant: 倘若我們的信 貸評級被調低，結構性產品的價值可能因而下跌；