billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: The total fair value of Restricted Shares and Units granted to retirement-eligible employees, or for which service criteria were satisfied during 2008 and 2007 was approximately $0.9 billion and $0.6 billion, respectively.

assistant: 向合資格退休僱員或於二零零八年及二零零七年內已符合服務標準的僱員授出的受限制股份及單位的總公平值分別約爲 9 億美元及 6 億美元。
user: Please translate the following sentence from English to Chinese: Rating agency Moody’s Investors Service, Inc. S&P Global Ratings

assistant: 評級機構穆迪投資者服務公司標普環球評級公司
user: Please translate the following sentence from English to Chinese: (A) Every Board Lot entitles the Holder, upon compliance with these Conditions, in particular Condition 4, to payment of the Cash Settlement Amount.

assistant: (A) 每手買賣單位可讓持有人於遵守此等細則（尤其是細則4）後，有權收取現金結算金額。
user: Please translate the following sentence from English to Chinese: The terms and conditions of any additional retail bonds of a series will be identical to those of the retail bonds of that series initially issued, except for the following terms, which may be different:

assistant: 除了下列條款可能會有所分別外，任何系列下額外發行的零售債券的條款及條件，將與適用於在同一系列下首次發行的零售債券條款及條件相同：
user: Please translate the following sentence from English to Chinese: - the exercise price of the derivative warrants;

assistant: - 衍生認股權證的行使價；
user: Please translate the following sentence from English to Chinese: (vii) when the ability of the liquidity provider to source a hedge or unwind an existing hedge, as determined by the liquidity provider in its discretion acting in good faith, is materially affected by prevailing market conditions;

assistant: (vii) 倘流通量提供者真誠地酌情認爲流通量提供者獲取對沖或將現有對沖平倉的能力受當時市況的重大影響；
user: Please translate the following sentence from English to Chinese: The expense is recognized as a charge ratably over the vesting period, except for those awards granted to retirement-eligible employees, and salary stock and other immediately vested awards.

assistant: 該開支確認爲于歸屬期間可予估值的費用，惟向退休合資格僱員的該等獎勵、薪酬股份及其他即時歸屬獎勵則除外。
user: Please translate the following sentence from English to Chinese: To effect such payment an amount equivalent to the Exercise Expenses (defined below) shall be deducted from the Cash Settlement Amount in accordance with Condition 4(F).

assistant: 爲支付此筆款項，一筆相當於行使費用（定義見下文）的款項會須按照細則4(F)從現金結算金額中扣除。
user: Please translate the following sentence from English to Chinese: In connection with these allegations, each plaintiff asserts claims for violations under various sections of the U.S. Employee Retirement Income Security Act (“ERISA”) and seeks reimbursement to the ESOP for all losses, an unspecified amount of monetary damages and imposition of a constructive trust.

assistant: 就此等指稱，各原告人就違反美國僱員退休收入保障法（「ERISA」）的多項條例而提出索償，並就所有損失、未指明金額損失及實施推定信託而追討對僱員股份計劃的補償。
user: Please translate the following sentence from English to Chinese: The underlying asset may be a stock, units in funds or trusts, an index, or other asset or combination of such assets.

assistant: 相關資產可能爲股份、基金或信託的單位、指數、或其他資產或該等資產的組合。
user: Please translate the following sentence from English to Chinese: The rights attaching to the CBBCs after the adjustment shall, after such Restructuring Event, relate to the number of shares of the corporation(s) resulting from or surviving such Restructuring Event or other securities (Substituted Securities) and/or cash offered in substitution for the affected Shares, as the case may be, to which the holder of such number of Shares to which the CBBCs related immediately before such Restructuring Event would have been entitled upon such Restructuring Event. Thereafter the provisions hereof shall apply to such Substituted Securities, provided that any Substituted Securities may, in the absolute discretion of the Issuer (acting in good faith and in a commercially reasonable manner), be deemed to be replaced by an amount in the relevant currency equal to the market value or, if no market value is available, fair value, of such Substituted Securities in each case as determined by the Issuer as soon as practicable after such Restructuring Event is effected.

assistant: 上述重組事件之後，牛熊證經調整後所附的權利須相關於重組事件之前牛熊證涉及數目的股份持有人於重組事件中可享有重組事件所產生的或保留的公司的股份或其他證券（取代證券）的數目，及╱或用以代替受影響股份的現金（視情況而定）。 隨此之後本細則的規定即適用於該等取代證券，但發行人有絕對酌情決定權（以真誠及商業上合理之方式行事），將任何取代證券視爲以相關貨幣金額代替，金額相當於市值，或如果不存在市值，則相當於該等取代證券的公允價值，在每一情況下都由發行人在進行重組事件後於切實可行範圍內儘快確定。
user: Please translate the following sentence from English to Chinese: For any other forms of cash distribution (“Cash Distribution”) announced by the Trust, such as a cash bonus, special distribution or extraordinary distribution, no adjustment will be made unless the value of the Cash Distribution accounts for 2 per cent. or more of the Unit’s closing price on the day of announcement by the Trust, or it is instructed by the Stock Exchange.

assistant: 就信託基金宣佈的任何其他形式的現金分派（「現金分派」，例如現金紅利、特別分派或特殊分派）而言，除非現金分派的價值佔信託基金宣佈當日基金單位在聯交所每日報價表所報的收市價的 2% 或以上，否則不會作出任何調整。
user: Please translate the following sentence from English to Chinese: Media Relations:

assistant: 傳媒關係：
user: Please translate the following sentence from English to Chinese: In the first of these three actions, the court dismissed claims relating to all but one of the offerings.

assistant: 於該三宗訴訟之第一宗，法院駁回除一項以外的所有發行申索。
user: Please translate the following sentence from English to Chinese: (b) At September 30, 2010, and December 31, 2009, includes commitments to affiliates of $65 million and $92 million, respectively.

assistant: (b) 包括於2010年9月30日及2009年12月31日對聯屬公司的承擔分別0.65億元及0.92億元。
user: Please translate the following sentence from English to Chinese: Our obligations under the Warrants are unconditionally and irrevocably guaranteed by our Guarantor.

assistant: 我們於認股權證項下的責任由我們的擔保人無條件及不可撤回地擔保。
user: Please translate the following sentence from English to Chinese: Fair value

assistant: 公平價值
user: Please translate the following sentence from English to Chinese: Management of potential conflicts of interests has become increasingly complex as JPMorgan Chase continues to expand its business activities through more numerous transactions, obligations and interests with and among JPMorgan Chase’s clients.

assistant: 隨著JPMorgan Chase的業務因透過與客戶的更多不同交易、責任及利益而擴大，管理潛在利益衡突也變得越來越複雜。
user: Please translate the following sentence from English to Chinese: 14 January 2019 13 December 2018

assistant: 二零一九年一月十四日 二零一八年十二月十三日
user: Please translate the following sentence from English to Chinese: (B) European Style Warrants The following provisions of this Condition 8(B) shall apply to Warrants which are expressed to be European Style.

assistant: (B) 歐式權證 本細則8(B)的下列條款適用於歐式權證。
user: Please translate the following sentence from English to Chinese: Our Guarantor’s credit ratings as of the Launch Date are for reference only.

assistant: 我們的擔保人於推出日的信貸評級僅供參考。
user: Please translate the following sentence from English to Chinese: 16.56% (for stock code 69380).

assistant: 16.56% （就證券代號69380而言）。
user: Please translate the following sentence from English to Chinese: Due to the non-banking nature of Macquarie Capital, its activities in the Consolidated Entity have ceased.

assistant: 由於 Macquarie 資本之非銀行性質，其於合併實體之業務已經終止。
user: Please translate the following sentence from English to Chinese: Credit contracts:

assistant: 信貸合約：
user: Please translate the following sentence from English to Chinese: location of the primary market for the underlying security.

assistant: 證券服務按相關證券的主要市場所在地區。
user: Please translate the following sentence from English to Chinese: Where a transfer of Warrants takes place on the Stock Exchange, currently settlement must be made not later than two (2) CCASS Settlement Days after such transfer.

assistant: 若於聯交所轉讓權證，目前須於有關轉讓後不遲於兩 (2) 箇中央結算系統結算日進行交收。
user: Please translate the following sentence from English to Chinese: ‘‘Entitlement’’ means such number of Shares as specified in the relevant Launch Announcement and Supplemental Listing Document, subject to any adjustment in accordance with Condition 6.

assistant: 「權益」指相關發行公佈及補充上市文件規定之股份數目，可根據細則6作出任何調整。
user: Please translate the following sentence from English to Chinese: For the avoidance of doubt, the OD shall be zero if the Ordinary Distribution and the Cash Distribution have different ex- entitlement dates

assistant: 爲免存疑，倘普通分派與現金分派的除權日不同，OD將爲零
user: Please translate the following sentence from English to Chinese: (a) If at any time any of the Shares cease to be listed on the Stock Exchange, the Issuer shall give effect to these Conditions in such manner and make such adjustments to the rights attaching to the Warrants as it shall, in its absolute discretion, consider appropriate to ensure, so far as it is reasonably able to do so, that the interests of the Warrantholders generally are not materially prejudiced as a consequence of such delisting (without considering the individual circumstances of any Warrantholder or the tax or other consequences that may result in any particular jurisdiction).

assistant: (a) 倘股份於任何時間不再在聯交所上市，發行人須按其絕對酌情認爲合適之方式，履行該等細則及對認股證所附之權利作出按其絕對酌情認爲合適之調整，以在其合理能力範圍內確保認股證持有人之一般利益，不會因撤銷上市地位而受到重大不利影響（毋須考慮任何認股證持有人之個別情況，或在某一司法權區可能產生之稅務或其他影響）。
user: Please translate the following sentence from English to Chinese: and (ii) the day on which the Average Price is determined in accordance with the Conditions;

assistant: 或(ii) 根據條件釐定平均價當日（以較後者爲準）後第三個中 央結算系統結算日；
user: Please translate the following sentence from English to Chinese: “MCE Valuation Date” means the last Business Day (Hong Kong time) during the MCE Valuation Period;

assistant: 「強制收回事件估值日」指強制收回事件估值期內之最後營業日（香港時間）；
user: Please translate the following sentence from English to Chinese: Fair values are obtained from quoted market prices in active markets, including recent market transactions, and valuation techniques, including discounted cash flow models and options pricing models, as appropriate.

assistant: 公平值乃根據活躍市場的報價釐定，包括最近市場交易及估值方法（包括現金流量折現模型及期權定價模型，倘適用）。
user: Please translate the following sentence from English to Chinese: On November 18, 2010, the parties reached a settlement in principle, subject to documentation, pursuant to which GSI will contribute up to e48 million to a settlement fund.

assistant: 於二零一零年十一月十八日，雙方達成原則上和解，惟須製備文件，據此，GSI將向和解基金出資最多0.48億歐元。
user: Please translate the following sentence from English to Chinese: Trust Preferred Securities.

assistant: 信託優先證券。
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 Warrants ● What is a derivative warrant?

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。 認股權證概覽 ●何謂衍生認股權證?
user: Please translate the following sentence from English to Chinese: (c) Expiry. Any Warrant which has not been automatically exercised in accordance with Condition 3(B)(b) shall expire immediately without value thereafter and all rights of the Warrantholder and obligations of the Issuer with respect to such Warrant shall cease.

assistant: (c) 到期。 未根據細則3(B)(b)自動行使的任何權證即告到期，隨後不具任何價值，該等權證下權證持有人的權利和發行人的義務亦即告終止。
user: Please translate the following sentence from English to Chinese: ● if a warrant is deep-out-of-the-money (eg. when the fair market value is less than HK$0.01), the price of the warrant may be insensitive to any increase (in respect of a call warrant) or decrease (in respect of a put warrant) in the price of the underlying asset;

assistant: ●若認股權證處於極價外時（如當公平市值低於 0.01 港元時），認股權證的價格未必會受掛鉤資產的價格的任何上升（就 認購認股權證而言）或下跌（就認沽認股權證而言）所影響；
user: Please translate the following sentence from English to Chinese: ● Trading Fees and Levies The Stock Exchange charges a trading fee of 0.005 per cent. and the Securities and Futures Commission charges a transaction levy of 0.0027 per cent. for each transaction effected on the Stock Exchange payable by each of the seller and the buyer and calculated on the value of the consideration for the Warrants.

assistant: ●交易費用及徵費就於聯交所進行的每項交易而言，聯交所收取0.005%的交易費，而證券及期貨事務監察委員會則收取0.0027%的交易徵費。 該等費用須按權證的代價價值計算，由買賣雙方自行支付。
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 Share 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。 倘相關股份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: Our role is to express an opinion on these consolidated financial statements based on our audit.

assistant: 吾等的職責是根據吾等的審覈結果，就該綜合財務報表表達意見。
user: Please translate the following sentence from English to Chinese: For the six months ended June 30, 2014, all proceeds from credit card and residential mortgage securitizations were received as cash;

assistant: 截至2014年6月30日止六個月，以現金方式收取信用卡及住宅按揭證券化全部所得款項；
user: Please translate the following sentence from English to Chinese: For any other forms of cash distribution (“Cash Distribution”) announced by the Company, such as a cash bonus, special dividend or extraordinary dividend, no adjustment will be made unless the value of the Cash Distribution accounts for 2 percent or more of the Share’s Closing Price on the day of announcement by the Company, or it is instructed by the Stock Exchange.

assistant: 對於公司宣佈之任何其他形式之現金分派（「現金分派」，例如現金紅利、特別股息或特殊股息）亦不會作出任何調整，除非現金分派之價值佔公司宣佈當日股份之收市價2%或以上或獲得聯交所指示。
user: Please translate the following sentence from English to Chinese: The Issuer will not be liable to the Warrantholder for any interest in respect of the amount due or any loss or damage that such Warrantholder may suffer as a result of the existence of the Settlement Disruption Event.

assistant: 對於發生結算中斷事件導致的任何到期款項利息或權證持有人可能蒙受的任何損失或損害，發行人概不向權證持有人承擔任何責任。
user: Please translate the following sentence from English to Chinese: or (3) a limitation or closure of any Related Exchange or the Stock Exchange due to any unforeseen circumstances.

assistant: 或 ( 3) 任何相關交易所或聯交所因任何未能預見之情況而受限制或停市。
user: Please translate the following sentence from English to Chinese: Please refer to the definition of valuation date under product condition 1 for details on what will happen in such circumstances and when we may have to make a good faith estimate of the value of the shares.

assistant: 有關在該情況下所發生事項以及本公司何時須要對股份價值作真誠估計的詳情，請參閱根據產品細則1下估值日的定義。
user: Please translate the following sentence from English to Chinese: The FIRO seeks to provide the relevant resolution authorities with a range of powers to bring about timely and orderly resolution in order to stabilise and secure continuity for a failing authorised institution in Hong Kong.

assistant: FIRO旨在向相關處置機制當局賦予和及時與有序的處置有關的各種權力，以使出現經營困境的金融機構能夠具有穩定性與延續性。
user: Please translate the following sentence from English to Chinese: Prudential supervision valuation haircut 0 (482) (482)

assistant: 審慎監察估值減值 0 (482) (482)
user: Please translate the following sentence from English to Chinese: (b) changes in economic or market conditions;

assistant: (b) 經濟狀況或市況的變動；
user: Please translate the following sentence from English to Chinese: Any downgrading of our ratings could result in a reduction in the value of the CBBCs;

assistant: 倘若我們的評級被調低，牛熊證的價值可能因而下跌；
user: Please translate the following sentence from English to Chinese: (a) callable contracts on single equities (Equity CBBCs);

assistant: (a ) 單一股本可收回牛熊證（股本牛熊證）；
user: Please translate the following sentence from English to Chinese: Updated Information about Us and our Guarantor On 2 August 2018, the Guarantor filed its quarterly report on Form 10-Q for the quarterly period ended 30 June 2018 with the United States Securities and Exchange Commission (the “SEC”), a copy of which is available on the SEC’s website www.sec.gov. A copy of this quarterly report on Form 10-Q is available for inspection at the offices of Goldman Sachs (Asia) L.L.C. at 68/F, Cheung Kong Center, 2 Queen’s Road Central, Hong Kong.

assistant: 有關我們及我們的擔保人的更新資料 擔保人於 2018 年 8 月 2 日向美國證券交易委員會（「證交會」）提交了截至 2018 年 6 月 30 日止季度之表格 10-Q 季度報告，該報告副本可於證交會網站 www.sec.gov 查閱。 該表格 10-Q 季度報告副本於香港皇后大道中 2 號長江集團中心 68 樓的高盛（亞洲）有限責任公司的辦事處可供查閱。
user: Please translate the following sentence from English to Chinese: Valuation risk

assistant: 估值風險
user: Please translate the following sentence from English to Chinese: “Minimum Index Level” means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period;

assistant: 「最低指數水平」指就一系列牛證而言，指數於強制贖回事件估值期內的最低現貨水平；
user: Please translate the following sentence from English to Chinese: – the supply and demand for the CBBCs;

assistant: - 牛熊證的供求；
user: Please translate the following sentence from English to Chinese: A CBBC linked to the shares of a company is an instrument which tracks the performance of the underlying shares.

assistant: 與公司股份掛鉤的牛熊證是一種追蹤相關股份表現的工具。
user: Please translate the following sentence from English to Chinese: Weighted Average

assistant: 輸入值範圍
user: Please translate the following sentence from English to Chinese: As a result, the maximum exposure to loss exceeds liabilities recorded for commitments and guarantees, and derivatives provided to VIEs.

assistant: 因此，最高虧損風險敞口會超過提供予可變權益實體的承擔及擔保與衍生工具而認列的負債。
user: Please translate the following sentence from English to Chinese: the depth of the market and liquidity of the underlying Shares;

assistant: - 市場深度或掛鉤股份的流通量；
user: Please translate the following sentence from English to Chinese: or (ii) results in the Stock Exchange being closed prior to its regular time for close of trading on any day (for the avoidance of doubt, in the case when the Stock Exchange is scheduled to open for the morning trading session only, closed prior to its regular time for close of trading for the morning session), PROVIDED THAT there shall be no Market Disruption Event solely by reason of the Stock Exchange opening for trading later than its regular time for open of trading on any day as a result of the tropical cyclone warning signal number 8 or above or the “BLACK” rainstorm signal having been hoisted;

assistant: 或 (ii) 引致聯交所在任何一日的一般收市時間前收市（爲免存疑，如聯交所預定僅於上午交易時段開市，則爲於上午交易時段一般收市時間前收市），惟僅由於懸掛八號或以上熱帶氣旋警告訊號或「黑色」暴雨警告訊號而引致聯交所在任何一日遲於一般開市時間開市並不構成市場中斷事件；
user: Please translate the following sentence from English to Chinese: average diluted common shares outstanding Diluted earnings per common share, excluding the impact of the Series G Preferred Stock dividend

assistant: 平均攤薄已發行普通股 每股普通股攤薄盈利，撇除G系列優先股股息的影響
user: Please translate the following sentence from English to Chinese: The sensitivity analyses for these equity and debt positions in the FICC and Equities components of our Trading and Principal Investments segment and equity, debt (primarily mezzanine instruments) and real estate positions in the Principal Investments component of our Trading and Principal Investments segment are measured by the impact of a decline in the asset values (including the impact of leverage in the underlying investments for real estate positions in the Principal Investments component) of such positions.

assistant: 在本公司交易及本金投資分部內的固定收入、貨幣及商品及股本部份之股本及債務倉盤，以及本公司交易及本金投資分部內的本金投資部份之房地產倉盤，乃以該等倉盤資產值下跌之影響（包括本金投資部份的相關房地產倉盤投資之槓桿影響）計算。
user: Please translate the following sentence from English to Chinese: Private Clients and Asset Management

assistant: 私人客戶及資產管理
user: Please translate the following sentence from English to Chinese: Article 224 The Supervisory Committee shall record its decisions on the items of the agenda in form of minutes and sound recording is also allowed.

assistant: 第二百二十四條監事會應當將所議事項的決定做成會議記錄，並可以錄音。
user: Please translate the following sentence from English to Chinese: JPMorgan Chase Bank, N.A. makes markets in derivatives for customers and also is an end-user of derivatives in order to hedge or manage risks of market exposures, modify the interest rate characteristics of related balance sheet instruments or meet longer-term investment objectives.

assistant: JPMorgan Chase Bank, N.A.爲其客戶營造衍生工具市場，亦爲衍生工具的最終用戶，以對沖或管理市場風險、改善相關資產負債表工具的利率特性或達致長遠的投資目標。
user: Please translate the following sentence from English to Chinese: “Periodic Fixing Date” means the date specified as such in the relevant Supplemental Listing Document;

assistant: 「定期裁定日」指有關補充上市文件指定之日期；
user: Please translate the following sentence from English to Chinese: Adjustment Component = (1 + N) E:

assistant: 調整成分＝(1＋N) E：
user: Please translate the following sentence from English to Chinese: “Expiry Date” has the meaning given to it in the relevant Supplemental Listing Document.

assistant: 「權益」指有關補充上市文件規定之股份數目。
user: Please translate the following sentence from English to Chinese: “Business Day” means a day (excluding Saturdays) on which the Stock Exchange is open for dealings in Hong Kong and banks are open for business in Hong Kong;

assistant: 「營業日」指聯交所在香港開市交易和銀行在香港開門營業的任何一日（不包括星期六）；
user: Please translate the following sentence from English to Chinese: Conflict of interest We and our subsidiaries and affiliates engage in a wide range of commercial and investment banking, brokerage, funds management, hedging, investment and other activities and may possess material information about the Company and/or the underlying Shares or issue or update research reports on the Company and/or the underlying Shares.

assistant: 利益衝突我們及我們的附屬公司及聯屬公司均從事各類商業及投資銀行、經紀、基金管理對沖、投資及其他活動，並且可能管有有關公司及／或掛鉤股份的重要資料，或刊發或更新有關公司及／或掛鉤股份的研究報告。
user: Please translate the following sentence from English to Chinese: This report on Form 6-K (including the exhibit hereto) is hereby

assistant: 表格 6-K（包括其附件）中的本報告謹此
user: Please translate the following sentence from English to Chinese: Notwithstanding the above, we are committed to provide liquidity on all of the Structured Products listed on the Stock Exchange and settle these Structured Products at their expiry.

assistant: 儘管有上述事項，我們承諾就所有於聯交所上市之結構性產品提供流通量，並於該等結構性產品到期時進行結算。
user: Please translate the following sentence from English to Chinese: Accumulated net gains (losses) on cash flow hedges and amounts recorded in AOCI resulting from the initial and subsequent application of FSB ASC 715-20 (former FASB Statement No. 158) to defined benefit postretirement plans ( 1 ) (if a gain, report as a positive value;

assistant: 現金流對沖的累積淨收益（虧損）以及因對界定利益退休後計劃首次和後續採用 FSB ASC 715-20（前稱 FASB 聲明第 158 號）而於累積其他綜合收入內記錄的金額 (1) （如爲收益，呈列爲正值；
user: Please translate the following sentence from English to Chinese: We and our affiliates shall not have any responsibility for any losses suffered as a result of the Trading Suspension and/or NonRecognition of Post MCE Trades in connection with the occurrence of a Mandatory Call Event, notwithstanding that such Trading Suspension or Non-Recognition of Post MCE Trades may have occurred as a result of an error in the observation of the event. Fluctuation in the Funding Cost The Issue Price of the CBBCs is set by reference to the difference between the initial reference spot level of the Index and the Strike Level, plus the applicable Funding Cost as of the Launch Date.

assistant: 我們及我們的聯屬公司概不對因發生強制贖回事件而導致暫停交易及／或強制贖回事件後交易不獲承認所蒙受的任何損失負責，即使有關暫停交易或強制贖回事件後交易不獲承認乃由於觀察有關事件時出現錯誤而發生。 資金成本的波動 牛熊證的發行價根據指數的初始參考現貨水平與行使水平的差額另加截至推出日的適用資金成本釐定。
user: Please translate the following sentence from English to Chinese: The fair value of debt liabilities for which the fair value option is elected (other than non-recourse and similar liabilities) is impacted by the narrowing or widening of the Company’s credit spreads.

assistant: 選擇以公允價值列賬的負債（無追索權及類似負債除外）的公允價值受本公司信貸息差收窄或擴闊所影響。
user: Please translate the following sentence from English to Chinese: For a discussion of changes in fair value of the MSR asset see Note 17 on pages 33–35 of these Consolidated Financial Statements .

assistant: 有關按揭還款權利資產公平值變動的討論，參閱本綜合財務報表第 33頁至 35頁附註 17。
user: Please translate the following sentence from English to Chinese: Institutional Client Services\n

assistant: 機構客戶服務\n
user: Please translate the following sentence from English to Chinese: The Exercise Price will be adjusted to:

assistant: 行使價將會以下列方式予以調整：
user: Please translate the following sentence from English to Chinese: or (B) the Share Valuation Amount if the Closing Price is below the Exercise Price;

assistant: 或 (B) 倘收市價低於行使價，則爲股份估值款；