billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Note 28 Interests in subsidiaries and other entities (continued)

assistant: 附註 28 於附屬公司及其他實體的權益（續）
user: Please translate the following sentence from English to Chinese: – Loans that are hedged predominantly with credit derivatives.

assistant: －主要與信貸衍生工具對沖的貸款。
user: Please translate the following sentence from English to Chinese: Where can you find the Product Conditions applicable to our Warrants?

assistant: 閣下可在哪裏找到適用於我們權證的產品細則？
user: Please translate the following sentence from English to Chinese: The provision for credit losses was $6.7 billion lower than net charge-offs for 2012, resulting in a reduction in the allowance for credit losses driven by improved portfolio trends and increasing home prices in consumer real estate products, lower bankruptcy filings and delinquencies affecting the Card Services portfolio, and improvement in overall credit quality within the core commercial portfolio (total commercial products excluding U.S. small business).

assistant: 二零一二年信貸虧損撥備較淨沖銷少 67 億美元，導致信貸虧損準備減少，因爲貸款組合趨勢改善及消費房地產產品的房屋價格上升、影響信用卡服務組合的破產個案和拖欠率下跌，以及核心商業組合（商業產品總額，不包括美國的小型公司）內的整體信貸質素改善。
user: Please translate the following sentence from English to Chinese: These items were deducted in full – without the use of the offsetting arrangements permitted during the phase-in period that runs until 2018.

assistant: 該等項目被悉數扣減－並未使用直至二零一八年以前分階段落實期間內允許的沖銷安排。
user: Please translate the following sentence from English to Chinese: For derivatives that trade in liquid markets, model selection does not involve significant management judgment because outputs of models can be calibrated to market-clearing levels.

assistant: 至於在流動性市場買賣的衍生工具，模式的選擇並不涉及重大管理層判斷，因爲模式的輸出資料可以根據市場結算水平進行調整。
user: Please translate the following sentence from English to Chinese: JPMorgan Chase Bank, N.A. provided insurance on underlying municipal bonds, in the form of letters of credit, of $10 million at both March 31, 2010, and December 31, 2009.

assistant: JPMorgan Chase Bank, N.A.以信用證形式就於2010年3月31日及2009年12月31日均爲1,000萬元的相關市政債券提供保險。
user: Please translate the following sentence from English to Chinese: Fair value is determined:

assistant: 公允價值按以下方式釐定：
user: Please translate the following sentence from English to Chinese: (i) UBS will pay USD 200 million to the SEC, representing disgorgement of profits from the US cross-border business (this amount is included within, and not in addition to, the USD 780 million UBS is paying to the United States as described above);

assistant: (i)瑞銀將交還美國跨境業務所得利潤2億美元（此金額並非額外款項，已計入上文所述瑞銀向美國支付的7.80億美元）；
user: Please translate the following sentence from English to Chinese: (2) Mortgage servicing rights Loans held-for-sale

assistant: (2) 按揭服務權持作出售貸款
user: Please translate the following sentence from English to Chinese: (a) in respect of a series of callable bull contracts, an amount calculated by the Issuer equal to:

assistant: (a) 如屬可贖回牛證系列，發行人計算的款項，金額相當於：
user: Please translate the following sentence from English to Chinese: The quantitative data include:

assistant: 定量數據包括：
user: Please translate the following sentence from English to Chinese: Shareholders can only receive a distribution when the capital adequacy requirements of the Life Insurance Act 1995 are met.

assistant: 股東只會在符合1995年人壽保險法之資本充足規定時，方可獲得分派。
user: Please translate the following sentence from English to Chinese: During the three months ended June 2015, transfers into level 2 from level 1 of cash instruments were $480 million, reflecting transfers of public equity securities primarily due to decreased market activity in these instruments.

assistant: 截至二零一五年六月止三個月，自第一級別轉入第二級別的現金工具爲4.80億元，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。
user: Please translate the following sentence from English to Chinese: Please refer to Conditions 5 and 12 for details about adjustments. Possible early termination The Warrants will lapse and cease to be valid in the event of liquidation of the Company.

assistant: 有關調整的詳情，請參閱細則5 及12。 可能提早終止倘若公司清盤，權證將會失效且不再具任何效力。
user: Please translate the following sentence from English to Chinese: As such, profits or losses are recognised upon trade inception only when such profits can be measured solely by reference to observable market data.

assistant: 同樣，僅當溢利可僅通過參考可觀察之市場數據計算時，則該等損益僅在最初進行交易時確認。
user: Please translate the following sentence from English to Chinese: Certain reclassifications have been made to previously reported amounts to conform to the current presentation.

assistant: 之前呈報的金額已作出若干重新分類，以配合本期間的呈列方式。
user: Please translate the following sentence from English to Chinese: Gross unrealized losses

assistant: 未變現虧損總額
user: Please translate the following sentence from English to Chinese: Then, in the early 20th century, Goldman Sachs was active in establishing the initial public offering market, and in fact managed one of the largest IPOs of the period, that of Sears, Roebuck and Company in 1906.

assistant: 其後，高盛於二十世紀初積極建立首次公開發售市場，並於一九零六年經辦當期間有關Sears、Roebuck及公司的大型IPO活動。
user: Please translate the following sentence from English to Chinese: Market volatility is expected to continue as policymakers address the fundamental challenges of competitiveness, growth and fiscal solvency.

assistant: 政策制定者針對競爭力、增長及財政償付能力的基本挑戰，市場波動預計將持續。
user: Please translate the following sentence from English to Chinese: 15. Contracts (Rights of Third Parties) Ordinance A person who is not a party to these Conditions has no right under the Contracts (Rights of Third Parties) Ordinance (Cap. 623 of the Laws of Hong Kong) to enforce or to enjoy the benefit of any term of the CBBCs.

assistant: 15. 《合約（第三者權利）條例》並非此等細則的一方的人士概無權根據《合約（第三者權利）條例》（香港法例第 623 章）強制執行或享有認股證任何條款的利益。
user: Please translate the following sentence from English to Chinese: The cost borne by the ultimate holding company in respect of these share options and share awards is treated as a capital contribution and is recorded under ‘Other reserves’.

assistant: 最終控股公司就此等認股權及股份獎勵承擔之成本被視爲出資額，並計入「其他儲備」項下。
user: Please translate the following sentence from English to Chinese: The Principal Plan comprises a funded defined benefit scheme (which provides a lump sum on retirement but is now closed to new members) and a defined contribution scheme.

assistant: 主計劃由一項已置存基金的界定福利計劃（在退休時提供一筆整額款項，但現已不再接納新成員）和一項界定供款計劃所組成。
user: Please translate the following sentence from English to Chinese: The exercise of any resolution power by the relevant resolution authority under the FIRO in respect of the Guarantor may have a material adverse effect on the value of the Warrants, and as a result, you may not be able to recover all or any amount due under the Warrants (if any).

assistant: 有關處置機制當局根據FIRO對擔保人行使任何處置權力時，或會對認股權證的價值造成重大不利影響，因而閣下可能無法收回有關認股權證的部份或全部應收款項（如有）。
user: Please translate the following sentence from English to Chinese: A cross-reference table linking information published in this Registration Document and CRD requirements is available in chapter 9 on page 471.

assistant: 本註冊文件所載資料與 CRD規定的對照表載於第 9章（第 471頁）。
user: Please translate the following sentence from English to Chinese: If the Average Price is at or below the Exercise Price, you will lose all of your investment in the call Warrant. A put Warrant will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Average Price of the underlying Unit is below the Exercise Price.

assistant: 倘平均價等於或低於行使價，閣下將損失閣下於認購權證的所有投資。 倘相關基金單位的平均價低於行使價，則認沽權證將於到期時自動行使，而持有人無需交付任何行使通知。
user: Please translate the following sentence from English to Chinese: Established in 1918, BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HK$781.4 billion (US$100.8 billion) as of 31 December, 2015.

assistant: 東亞銀行在1918年成立，是香港最大的獨立本地銀行。 於2015年12月31日的綜合資產總額爲港幣7,814億元（1,008億美元）。
user: Please translate the following sentence from English to Chinese: The company also expects to record $6.4 billion in other mortgage-related charges in the second quarter of 2011, including a non-cash, non-tax deductible impairment charge of $2.6 billion to write off the balance of goodwill in the Consumer Real Estate Services business, as well as charges related to additional litigation costs, a write-down in the value of mortgage servicing rights, and additional assessment and waiver costs for compensatory fees associated with foreclosure delays.

assistant: 本公司亦預期於二零一一年第二季錄得 64 億美元的其他按揭相關支出，包括一項非現金、不可扣稅減值支出 26 億美元以撇銷消費性房地產服務業務下的商譽結餘，以及關於額外訴訟成本、撇減按揭服務權的價值、與止贖延誤有關的賠償費的額外評估及豁免成本的支出。
user: Please translate the following sentence from English to Chinese: If as a result of an event beyond the control of the Issuer (“Settlement Disruption Event”), it is not possible for the Issuer to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Holder on the original Settlement Date, the Issuer shall use its reasonable endeavours to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Holder as soon as reasonably practicable after the original Settlement Date.

assistant: 假如發生發行人控制以外的事件（「干擾交收事件」），而使發行人不可能於原定結算日安排經中央結算系統以電子付款形式存入持有人之有關指定銀行戶口，發行人須合理盡力於原定結算日後於合理可行的時間內儘快安排以電子付款形式將款項存入持有人之有關指定銀行戶口。
user: Please translate the following sentence from English to Chinese: You should read and understand the remaining sections of this document, together with the other Listing Documents, before deciding whether to invest. Overview of the CBBCs ● What is a CBBC?

assistant: 閣下在決定是否投資前，應閱讀並瞭解本文件的餘下章節，以及其他上市文件。 牛熊證概覽 ●何謂牛熊證?
user: Please translate the following sentence from English to Chinese: The material subsidiaries of the Bank, based on contribution to the consolidated entity's profit from ordinary activities, the size of the investment made by the Bank or the nature of the activities conducted by the subsidiary, are:

assistant: 本行之主要附屬公司（根據對綜合實體日常業務盈利之貢獻、本行投資規模或有關附屬公司之業務性質界定）如下：
user: Please translate the following sentence from English to Chinese: Total assets 1. Net revenues related to the firm’s consolidated investments, previously reported in other net revenues within Investing & Lending, are now reported in equity securities and debt securities and loans, as results from these activities ($99 million and $265 million for the three and nine months ended September 2015, respectively) are no longer significant due to the sale of Metro in the fourth quarter of 2014.

assistant: 1. 收入淨額與公司綜合投資相關，先前於投資及借貸以其他收入淨額呈報，現以股本證券及債務證券及貸款呈報，此乃由於二零一四年第四季出售Metro，來自該等活動的業績（截至二零一五年九月止三個月及九個月分別爲9,900萬元及2.65億元）不再重大。
user: Please translate the following sentence from English to Chinese: In accordance with SOP 03-3 (codified as ASC 310-30), the difference between the total expected cash flows for these loans and the initial recorded investment is recognized in income over the life of the loans using a level yield.

assistant: 根據 SOP 03-3（編纂爲 ASC 310-30），該等貸款的預期現金流量總額與初步記錄的投資的差額，在貸款的年期使用水平收益於收入確認。
user: Please translate the following sentence from English to Chinese: Measurement and Basel II To support advanced capital modeling and management, the businesses are required to capture relevant operational risk capital information.

assistant: 計量及巴塞爾資本協定 II 爲支援高級資本模型及管理，各業務均須掌握有關的營運風險資本資訊。
user: Please translate the following sentence from English to Chinese: 5.3 Internal Audit The Internal Audit of Société Générale Group supports the SG Issuer’s Executive Board in overseeing the Company’s activities and securing its operations by carrying out internal audits and providing consultative assistance.

assistant: 5.3 內部審覈法國興業銀行集團內部審覈支援 SG Issuer執行委員會監察本公司業務，並透過進行內部審覈及提供顧問協助以確保其運作。
user: Please translate the following sentence from English to Chinese: Prices of the CBBCs may rise or fall rapidly.

assistant: 牛熊證可能會波動 牛熊證的價格可急升亦可急跌。
user: Please translate the following sentence from English to Chinese: and (b) the day on which the Closing Level is determined in accordance with the Conditions (as the case may be).

assistant: 及(b)根據細則釐定收市水平當日（以較後者爲準）後第三個中央結算系統結算日（視情況而定）。
user: Please translate the following sentence from English to Chinese: Selected European country exposures - Group

assistant: 歐洲國家風險摘要－本集團
user: Please translate the following sentence from English to Chinese: (ii) the Strike Level of the Warrants;

assistant: (ii) 認股權證的行使水平；
user: Please translate the following sentence from English to Chinese: Credit Risk Management Credit quality continued to improve during the first quarter of 2013 due in part to improving economic conditions.

assistant: 信貸風險管理 於二零一三年第一季度，信貸質素繼續呈現改善乃部分由於經濟狀況改善。
user: Please translate the following sentence from English to Chinese: 1 Impairments of ﬁnancial investments available-for-sale for the year ended 31 December 2008 were as follows:

assistant: 1 截至2008年12月31日止年度的待售財務投資減值如下：
user: Please translate the following sentence from English to Chinese: 1. Change in Board Lot Size of the Shares Pursuant to the announcement dated 27 December 2017 issued by the Company (“Announcement”), the Company announced that the board lot size of its Shares for trading on the Stock Exchange will be changed from 1,000 Shares to 100 Shares with effect from 9:00 a.m. on 19 January 2018.

assistant: 1. 更改每手股份買賣單位 根據公司日期爲 2017年12月27日的公佈（「該公佈」），公司宣佈，於聯交所買賣的股份的每手買賣單位將由 1,000 股股份更改爲 100 股股份，於 2018年1月19日上午九時正起生效。
user: Please translate the following sentence from English to Chinese: (3) Outstandings includes dealer financial services loans of $43.6 billion and $43.3 billion, consumer lending loans of $8.9 billion and $12.4 billion, U.S. securities-based lending margin loans of $22.3 billion and $16.6 billion, student loans of $6.1 billion and $6.8 billion, non-U.S. consumer loans of $7.8 billion and $8.0 billion and other consumer loans of $1.8 billion and $3.2 billion at September 30, 2011 and December 31, 2010.

assistant: (3) 於二零一一年九月三十日及二零一零年十二月三十一日的未償還款項分別包括交易商金融服務貸款 436 億美元及 433 億美元、消費借貸貸款 89 億美元及 124 億美元、美國證券基準計值的借貸保證金貸款 223 億美元及 166 億美元、學生貸款 61 億美元及 68 億美元、非美國消費貸款 78 億美元及 80 億美元，以及其他消費貸款 18 億美元及 32 億美元。
user: Please translate the following sentence from English to Chinese: Production of operational risk scorecards [The Risk Management and Permanent Controls division produces a quarterly operational risk scorecard, highlighting key events and movements in costs related to these risks.

assistant: ] 製作經營風險記分卡 [ 風險管理及持久控制部門製作季度的經營風險記分卡，強調與該等風險有關的主要事件及成本變動。
user: Please translate the following sentence from English to Chinese: The models calculate fair value based on input parameters such as stock prices, dividends, volatilities, interest rates, equity repo curves and, for multi-asset products, correlations.

assistant: 該等模型根據股價、股息、波動性、利率、股本回購曲線及相關連性（就多元資產產品而言）等數據參數計算公平價值。
user: Please translate the following sentence from English to Chinese: Note 15 Property and Equipment (continued)

assistant: 附註15　物業及設備（續）
user: Please translate the following sentence from English to Chinese: 3 October 2018

assistant: 2018年10月3日
user: Please translate the following sentence from English to Chinese: The CBBCs are listed structured products which involve derivatives. Do not invest in them unless you fully understand and are willing to assume the risks associated with them. What documents should you read before investing in the CBBCs?

assistant: 牛熊證爲涉及衍生工具的上市結構性產品。 除非閣下完全了解及願意承擔牛熊證所涉的風險，否則切勿投資牛熊證。 閣下投資牛熊證前應閱覽甚麼文件?
user: Please translate the following sentence from English to Chinese: Both at the inception of the hedge and on an ongoing basis, the Group formally assesses whether the derivatives used in its hedging transactions have been highly effective in offsetting changes in the fair value or cash flows of the hedged item, by assessing and measuring whether changes in the fair value or cash flows of the hedged item are offset by the changes in the fair value or cash flows of the hedging instrument.

assistant: 在對沖初期及持續基礎上，集團透過評估及度量被對沖項目的公平價值或現金流量的變化是否被對沖工具的公平價值或現金流量的變化所抵銷，而正式評估對沖交易所用之衍生工具是否可有效抵銷被對沖項目的公平價值或現金流量的變化。
user: Please translate the following sentence from English to Chinese: Gross operating income amounted to EUR 3,545 million in 2013 (+7.8%*).

assistant: 二零一三年的經營收入總額爲35.45億歐元(+7.8%*)。
user: Please translate the following sentence from English to Chinese: 6 Portugal

assistant: 6 葡萄牙
user: Please translate the following sentence from English to Chinese: Any ineffectiveness in the hedge relationship is recognized in current earnings.

assistant: 對沖關係中的任何無效性於綜合營運報表中確認。
user: Please translate the following sentence from English to Chinese: - – the deletion of the first sentence of Condition 8.4.1 and its replacement by:

assistant: －刪除條件第 8.4.1 的首句並以下列句子代替：
user: Please translate the following sentence from English to Chinese: S&P Global Ratings

assistant: 標普環球評級公司
user: Please translate the following sentence from English to Chinese: * The funding cost is calculated in accordance with the following formula:

assistant: * 資金成本按下列公式計算：
user: Please translate the following sentence from English to Chinese: If and whenever the Fund or Trust shall make a Cash Distribution credited as fully paid to the holders of Units generally, the Entitlement, the Call Price and the Strike Price shall be adjusted to take effect on the Business Day on which trading in the Units becomes ex-entitlement (each a “Dividend Adjustment Date”) in accordance with the following formulae:

assistant: 倘及當基金或信託向單位持有人作出入賬列作繳足之現金分派，則權益、收回價及行使價將根據以下公式調整並在單位成爲除權買賣之營業日（各稱爲「股息調整日期」）開始生效：
user: Please translate the following sentence from English to Chinese: Capitalised terms and inconsistency Unless otherwise specified, capitalised terms used in this document have the meanings set out in the Conditions.

assistant: 用語及差異 除另有所指外，本文件的用語具有細則所載的涵義。
user: Please translate the following sentence from English to Chinese: board member of the International Monetary Conference;

assistant: 國際貨幣會議 (International Monetary Conference) 董事會成員；
user: Please translate the following sentence from English to Chinese: Merrill Lynch disclosed in its 2007 Annual Report that it expected to pay $1 million of benefit payments to participants in the U.S. non-qualified pension plan and expected to contribute $11 million and $74 million, respectively, to its U.S. and non-U.S. defined benefit pension plans in 2008.

assistant: Merrill Lynch於其二零零七年年報中披露預期將支付100萬元福利款項予美國不合格退休金計劃的參與者，Merrill Lynch亦預期於二零零八年將爲其美國及非美國界定退休福利金計劃分別注資 1,100 萬元及 7,400 萬元。
user: Please translate the following sentence from English to Chinese: Table of Contents NOTE 18 – Mortgage Servicing Rights The Corporation accounts for consumer MSRs at fair value with changes in fair value recorded in the Corporation's Consolidated Statement of Income in mortgage banking income.

assistant: 附註 18－按揭服務權 本公司按公平值就消費按揭服務權列賬，公平值變動乃於本公司綜合收益表按揭銀行收入中記錄。
user: Please translate the following sentence from English to Chinese: Subject to the Conditions, the CBBCs must be terminated and the listing of the CBBCs shall be withdrawn after the close of business of the MCE Date.

assistant: 在細則的約束下，牛熊證必須予以終止，而牛熊證亦須於強制贖回事件日營業時間結束後被撤銷上市。
user: Please translate the following sentence from English to Chinese: The Guarantee is governed by and shall be construed in accordance with Hong Kong law.

assistant: 擔保書受香港法例管轄，並應根據香港法例解釋。
user: Please translate the following sentence from English to Chinese: You are relying upon our creditworthiness and have no rights under the Warrants against any Company.

assistant: 閣下依賴我們的信譽，就權證並無針對任何公司之權利。
user: Please translate the following sentence from English to Chinese: Our framework comprises the following practices:

assistant: 我們的體制包括下述慣例：
user: Please translate the following sentence from English to Chinese: For both our cash-settled stock warrants and foreign stock warrants, the average price of an underlying share is determined by reference to market closing price on each valuation date.

assistant: 至於本公司的現金結算股份認股權證及外國股份認股權證，相關股份的平均價乃參考各估值日期的市場收市價而釐定。
user: Please translate the following sentence from English to Chinese: (a) Warrants may only be exercised in Board Lots or integral multiples thereof.

assistant: (a) 權證須按買賣單位或其整倍數行使。
user: Please translate the following sentence from English to Chinese: 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: 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，惟發生強制收回事件除外，於該情況下將提早終止。
user: Please translate the following sentence from English to Chinese: To assess whether JPMorgan Chase Bank, N.A. has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, JPMorgan Chase Bank, N.A. considers all of its economic interests, including debt and equity investments, servicing fees, and derivative or other arrangements deemed to be variable interests in the VIE.

assistant: 爲評估 JPMorgan Chase Bank, N.A. 是否有責任承擔可變利益實體虧損或有權收取可能對可變利益實體重大的利益，JPMorgan Chase Bank, N.A. 會考慮所有經濟利益，包括債務及股權投資、還款費用及視爲可變利益實體可變動權益的衍生工具及其他安排。
user: Please translate the following sentence from English to Chinese: (a) the Business Day immediately preceding the Expiry Date (the “Last Valuation Date”) shall be deemed to be the Valuation Date notwithstanding the Market Disruption Event;

assistant: (a) 緊接到期日之前的營業日（「最後估值日」）不論有否發生市場干擾事件均視爲估值日；
user: Please translate the following sentence from English to Chinese: The Adjusted Exercise Price shall be rounded to the nearest 0.001.

assistant: 經調整行使價須取至最接近的 0.001。
user: Please translate the following sentence from English to Chinese: In such event, the Liquidity Provider shall continue to provide bid prices. CBBCs held by us or any of our affiliates in a fiduciary or agency capacity are not CBBCs available for market making activities;

assistant: 在此情況下，流通量提供者須繼續提供買入價。 我們或我們的任何聯屬公司以受信人 或代理人身份持有的牛熊證並非可供進行莊家活動的牛熊證；
user: Please translate the following sentence from English to Chinese: The value or level of the underlying assets (and some of the other relevant factors) can also be unpredictable: it may change suddenly and in large magnitude or not change at all.

assistant: 相關資產的價值或水平（及一些其他相關因素）亦難以預料，其價值或水平可能突然大幅上升或完全不變。
user: Please translate the following sentence from English to Chinese: Subscription price per new Share specified in the Rights Offer plus an amount equal to any dividends or other benefits foregone to exercise the Right

assistant: 供股建議所指定之每股新股認購價，另加一筆相等於爲行使供股權而放棄之任何股息或其他利益之款項
user: Please translate the following sentence from English to Chinese: b. Individual impairment allowance

assistant: b. 個別減值準備
user: Please translate the following sentence from English to Chinese: The offer or transfer of the CBBCs is also subject to the selling restrictions specified in our Base Listing Document. Capitalised terms and inconsistency Unless otherwise specified, capitalised terms used in this document have the meanings set out in the Conditions.

assistant: 發售或轉讓牛熊證亦受我們的基礎上市文件所指定的銷售限制所規限。 用語及差異 除另有所指外，本文件的用語具有細則所載的涵義。
user: Please translate the following sentence from English to Chinese: 6. Adjustments to the Index

assistant: 6. 指數之調整
user: Please translate the following sentence from English to Chinese: Cum-Rights Unit price determined by the closing price on the Stock Exchange on the last Business Day on which the Units are traded on a cum-Rights basis

assistant: 未除供股權單位之價格，按單位在附有供股權之情況下在聯交所之最後營業日之收市價釐定
user: Please translate the following sentence from English to Chinese: Among other factors, the approval will be based upon the liquidity of the collateral (which reflects the ability to unwind a position as necessary), the price volatility of the collateral, the suitability of the collateral as a hedge to the exposure and the legal ability to apply such collateral. Collateral monitoring is a crucial part of the credit risk measurement process.

assistant: 其他因素包括，批准將基於抵押品的變現能力（反映必要時平倉的能力）、抵押品的價格波動、抵押品作爲對沖風險的適合程度以及應用該抵押品時的法律能力。 抵押品監控爲信貸風險管理程序的重要一環。