...............................................................................................................................................................3
.............................................................................................................................................4
....................................................................................................................10
....................................................................................................................12
..................................................................................................................................15
.......................................................................................................16
..............................................................................................23
............................................................................................................31
...............................................................38
.............................................................................................................................40
....................................................................................................................41
.........................................................................................................................42
.........................................................................................................................49
................................................................................................................51
............................................................................................................56
............................................................................................................59
............................................................................................................62
................................................................................................................63
...............................................................67
.............................................................................................................................69
.........................................................................................................................70
..............................................................................................................71
..................................................................................................................72
................................93
2
1.00
0.25%
1.00
1.00
2005 12 15 [2005]195
3
1.00
0.01 = + /
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
10%
1
2
3
4
5
6
7
8
9
1 2 3 4 5 6
2
6
1 10
2 10
3 30 5
4 180
5
6 20%
20% 5
7 397 397 20%
8 397
9 5
10 10 10
11
12
1-3 10
/ 397 /
1
2
3
4
5
1
=
-
· · ·
397 397
2
1 0
2 ( )
3 , :
4 ( )
5
6
7
8
1
1
2
3 397
4 AAA
5
6
7
2
1
2
3
4
5
6
7
8
3
1 A-1 A-1
2
AAA AAA
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1
1
2
3
4
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3
0.25% 0.5%
4
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n
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w w
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% 100 10000 / 365 7 /
7
1
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o
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= i
Ri
1
3 5
1
2
3
4
5
6
7
8
9
10
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(12)
(13)
(14)
15
16
10%
1
2
3
4
5
6
7
8
9
1 2 3 4 5 6
10000 ) / (
1
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% 100 10000 / 365 7 /
7
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= i
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1
1
2
3 397
4 AAA
5
6
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2
1
2
3
4
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6
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8
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1 A-1 A-1
2
AAA AAA
A- BBB+
