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关于credit market-请教一下这个句子里roll the paper over的意思。谢谢~ [Copy link] 中文

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Post time 2007-8-14 16:38:53 |Display all floors
In recent years, banks have created an abundance of investment funds, known as structured investment vehicles and conduits, which finance themselves through the $2.2 trillion commercial-paper market and invest in asset-backed securities, such as mortgages.  Now banks are forcing their counterparties to pay a much higher price to roll the paper over, and it is not clear how quickly central-bank injections of liquidity will ease the squeeze.
关于信贷危机的文章。。蓝色部分句子怎么翻译呢?roll the paper over 是什么意思?不大理解…请大家指教,谢谢~~:)
http://www.economist.com/finance ... fm?story_id=9640252

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Post time 2007-8-14 16:50:24 |Display all floors
票据延期

银行收缩放贷,致使票据市场成本增加。

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