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1·Even that proved a stopgap; on December 3rd it was announced that the Banks would swap the debt for 75% of the ordinary equity and a slug of preference shares.

但即使那样也仅是临时性的，12月3日，公司宣布将通过债转股把债务转换成全部普通股的75%和一部分优先股。

2·Abramov, a major supplier and therefore a creditor, chose to swap their debt for equity, buying additional debt from other creditors.

然而作为公司主要的供货商，阿布拉莫夫这一次扮演了债权人的角色，他选择了以股票的方式抹去了两家公司的债务，并且向其它债权人收购回了两家公司的其它债务，因此，阿布拉莫夫名正言顺地成为了公司的大股东。

3·Some academics argued bank creditors should be forced to swap their debt for equity, for example.

举例来说一些学者认为银行的债权人应该用他们的负债交换资产。

4·As an alternative to short selling, you can buy a credit default swap, which is a form of insurance on debt-not necessarily your own debt.

作为卖空交易的替代选择，你还可以购买信贷违约掉期。这是债务保险的一种形式，担保的未必是你自己的债务。

5·They wrote that policymakers, using an expanded European bailout fund, could end the Greek panic by offering to swap existing Greek bonds for newly issued bailout-fund debt at a steep discount.

他们撰文指出，救助基金放贷规模扩大后，决策者们可用新发行的救助基金债券以极低的折扣价来置换希腊现有的国债，以此结束希腊债务恐慌。

6·The trick Goldman Sachs employed to help Greece massage its debt figures hinged on using historical, rather than prevailing, currency rates in a series of swap transactions.

而高盛帮助希腊藏匿赤字的关键在于它是以历史汇率而非现行汇率为基准来进行一系列交易操作的。

7·In marked contrast to the pounding that their shares have taken since the start of the year, credit-default-swap spreads on bank debt have remained relatively static.

受信贷违约掉期影响的银行债务相对稳定，这于年初出现的银行股价大幅波动形成鲜明的对比。

8·The swap would improve Greece's financial position by slashing its outstanding debt, rather than simply extending debt maturities as some previous plans have advocated.

置换方案可以帮助希腊偿还过期债务，进而改善希腊的财政状况，而此前计划只是简单地呼吁延长债务期限。

9·This downward spiral may have been exacerbated by Europe's efforts to cut the value of Greek sovereign debt without triggering a payout on credit-default-swap contracts.

欧洲尝试在不必为信贷违约掉期合同埋单的情况下削减希腊主权债务，这更加剧了下行螺旋。

10·If all goes as planned, GM will reach a debt for equity swap agreement with its lenders by that date, thereby erasing the payment.

如果一切按计划进行，通用汽车将达到债务的债转股协议，其贷款的那一天，从而抹去支付。