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资本工具与TLAC非资本工具的比较
资本工具与TLAC非资本工具的比较
行业数据
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所属报告:
银行业深度报告:TLAC之下银行资本工具发行需求有多大?-211225(17页).pdf
打包全文图表
相关数据
测算四大行2024E指标达标情况及TLAC缺口
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2024-03-14
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TLAC债定价或介于大行3年期普通金融债及剩余期限3年二级资本债之间
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2024-03-08
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2024年不同情形下TLAC缺口(亿元)
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2024-03-08
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全球TLAC债券发行情况(亿美元)
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2024-03-08
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国有大行TLAC债发行计划情况
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2024-03-08
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预计2025年初国内G-SIBs的TLAC缺口约2.18万亿
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2023-12-21
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预计2025年初国内G-SIBs的TLAC缺口约1.15万亿
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2023-12-21
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考核时点前国外G-SIBs合格TLAC工具发行情况(亿美元)
fCDml7bpl7QgICAgICAgfCDotYTmnKzlt6XlhbcgfCBUTEFD5YC65Yi4IHwKfC0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tfC0tLS0tLS0tLS18CnwgMjAxNy40LTIwMTcuMTIgfCA3MDAgICAgICB8IDIzMDAgICAgIHwKfCAyMDE4ICAgICAgIHwgNzAwICAgICAgfCAzMzAwICAgICB8CnwgMjAxOSAgICAgICB8IDE3MDAgICAgIHwgMjcwMCAgICAgfAp8IDIwMjAgICAgICAgfCA5MDAgICAgICB8IDQxMDAgICAgIHwKfCAyMDIxICAgICAgIHwgNzAwICAgICAgfCA1MzAwICAgICB8
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2023-12-08
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截至2023Q3年四大行TLAC缺口测算
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2023-12-08
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国内TLAC可计入项与扣除项
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2023-12-08
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结构式和合约式TLAC非资本债务工具比较
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2023-12-08
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2024E四大行TLAC缺口测算
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2023-12-08
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TLAC非资本债务工具期限(年,t)特征
5qC55o2u5Zu+54mH5Lit55qE5L+h5oGv77yM5Lul5LiL5piv5pWw5o2u55qE6KGo5qC877yaCgp8IOaXtumXtOiMg+WbtCB8IOeZvuWIhuavlCB8CnwgOi0tOiB8IDotLTogfAp8IHQ8MyB8IDE4LjglIHwKfCAzPHQ8NSB8IDIxLjQlIHwKfCA1PHQ8MTAgfCAzMy4xJSB8CnwgMTA8dDw1MCB8IDI2LjclIHwKCui1hOaWmeadpea6kO+8muW9reWNmu+8jOawkeeUn+ivgeWIuOeglOeptumZouaVtOeQhg==
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2023-12-08
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商业银行各类债券与TLAC非资本债券比较
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2023-12-08
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TLAC两个达标阶段前后,全球TLAC工具发行情况
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2023-11-21
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相较永续债,二级资本债作为 TLAC 补充工具性价比更高。永续债和二级资本债都可计入 TLAC,但发行成本不同。永续债受偿顺序劣后于二级资本债,减记风险相对更大,风险溢价更高,所以商业银行发行永续债的成本一般高于同期发行同期限二级资本债的成本。以农行和中行发行的债券为例,2021 年 12 月 16 日农行发行的永续债(5+N)票面利率为 3.76%,而中行发行的二级资本债(5+5)票面利率 3.60%,永续债票面利率比同期发行的同期限二级资本债票面利率高 0.16 个百分点。因此,为降低 TLAC 达标成本,未来三年,我国 G-SIBs 或将加大二级资本债发行力度。
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银行业深度报告:TLAC之下银行资本工具发行需求有多大?-211225(17页).pdf
中国版巴塞尔协议Ⅲ与TLAC监管要求
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2021年我国G-SIBs系统重要性得分情况
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