基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)評(ping)價(jia)(jia)(jia)方(fang)法及(ji)(ji)說明 公(gong)募(mu)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)（以(yi)下(xia)簡稱“被(bei)評(ping)定(ding)主(zhu)(zhu)體”）是指以(yi)公(gong)開(kai)方(fang)式(shi)向社(she)會公(gong)眾投(tou)(tou)(tou)(tou)資(zi)者募(mu)集資(zi)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)并(bing)以(yi)證(zheng)券(quan)為投(tou)(tou)(tou)(tou)資(zi)對(dui)象的(de)(de)(de)(de)(de)(de)(de)證(zheng)券(quan)投(tou)(tou)(tou)(tou)資(zi)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)的(de)(de)(de)(de)(de)(de)(de)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)。基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)評(ping)估(gu)模(mo)型(xing)從被(bei)評(ping)定(ding)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)礎(chu)部(bu)(bu)分(fen)(fen)(fen)(fen)和風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)調(diao)整部(bu)(bu)分(fen)(fen)(fen)(fen)兩個維度對(dui)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)進行(xing)評(ping)估(gu)。 一、基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)礎(chu)部(bu)(bu)分(fen)(fen)(fen)(fen)的(de)(de)(de)(de)(de)(de)(de)評(ping)分(fen)(fen)(fen)(fen)標準 針(zhen)對(dui)被(bei)評(ping)定(ding)主(zhu)(zhu)體的(de)(de)(de)(de)(de)(de)(de)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)礎(chu)部(bu)(bu)分(fen)(fen)(fen)(fen)，按(an)照(zhao)如(ru)下(xia)標準進行(xing)計(ji)分(fen)(fen)(fen)(fen)： 1.低風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)，是指產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)的(de)(de)(de)(de)(de)(de)(de)投(tou)(tou)(tou)(tou)資(zi)標的(de)(de)(de)(de)(de)(de)(de)主(zhu)(zhu)要(yao)(yao)包(bao)(bao)(bao)括但(dan)不(bu)限(xian)于(yu)國債(zhai)(zhai)(zhai)(zhai)、債(zhai)(zhai)(zhai)(zhai)券(quan)質押式(shi)逆(ni)回(hui)購業務、債(zhai)(zhai)(zhai)(zhai)券(quan)質押式(shi)報(bao)價(jia)(jia)(jia)回(hui)購業務、貨幣型(xing)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)、銀(yin)行(xing)保(bao)(bao)本型(xing)理(li)財產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)及(ji)(ji)相關(guan)服(fu)(fu)務、貨幣市場(chang)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)、短(duan)期(qi)(qi)理(li)財債(zhai)(zhai)(zhai)(zhai)券(quan)型(xing)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)等(deng)(deng)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)工具(ju)； 2.中(zhong)(zhong)等(deng)(deng)偏低風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)，是指產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)的(de)(de)(de)(de)(de)(de)(de)投(tou)(tou)(tou)(tou)資(zi)標的(de)(de)(de)(de)(de)(de)(de)主(zhu)(zhu)要(yao)(yao)包(bao)(bao)(bao)括但(dan)不(bu)限(xian)于(yu)地方(fang)政府債(zhai)(zhai)(zhai)(zhai)、政策(ce)性(xing)銀(yin)行(xing)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)債(zhai)(zhai)(zhai)(zhai)、AA+及(ji)(ji)以(yi)上級(ji)別的(de)(de)(de)(de)(de)(de)(de)信(xin)(xin)用(yong)(yong)債(zhai)(zhai)(zhai)(zhai)及(ji)(ji)相關(guan)服(fu)(fu)務、普通(tong)債(zhai)(zhai)(zhai)(zhai)券(quan)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)等(deng)(deng)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)工具(ju)； 3.中(zhong)(zhong)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)，是指產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)的(de)(de)(de)(de)(de)(de)(de)投(tou)(tou)(tou)(tou)資(zi)標的(de)(de)(de)(de)(de)(de)(de)主(zhu)(zhu)要(yao)(yao)包(bao)(bao)(bao)括但(dan)不(bu)限(xian)于(yu)A股(gu)(gu)(gu)(gu)(gu)(gu)(gu)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)、B股(gu)(gu)(gu)(gu)(gu)(gu)(gu)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)、AA級(ji)別信(xin)(xin)用(yong)(yong)債(zhai)(zhai)(zhai)(zhai)、創新層(ceng)掛牌公(gong)司股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)、股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)期(qi)(qi)權(quan)(quan)(quan)備兌(dui)開(kai)倉(cang)(cang)業務、股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)期(qi)(qi)權(quan)(quan)(quan)保(bao)(bao)護性(xing)認沽(gu)開(kai)倉(cang)(cang)業務及(ji)(ji)相關(guan)服(fu)(fu)務、股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)、混合基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)、可轉(zhuan)債(zhai)(zhai)(zhai)(zhai)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)、分(fen)(fen)(fen)(fen)級(ji)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)A份額等(deng)(deng)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)工具(ju)； 4.中(zhong)(zhong)等(deng)(deng)偏高風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)，是指產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)的(de)(de)(de)(de)(de)(de)(de)投(tou)(tou)(tou)(tou)資(zi)標的(de)(de)(de)(de)(de)(de)(de)主(zhu)(zhu)要(yao)(yao)包(bao)(bao)(bao)括但(dan)不(bu)限(xian)于(yu)退市整理(li)期(qi)(qi)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)、港(gang)(gang)(gang)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)通(tong)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)（包(bao)(bao)(bao)括滬(hu)港(gang)(gang)(gang)通(tong)下(xia)的(de)(de)(de)(de)(de)(de)(de)港(gang)(gang)(gang)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)通(tong)和深港(gang)(gang)(gang)通(tong)下(xia)的(de)(de)(de)(de)(de)(de)(de)港(gang)(gang)(gang)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)通(tong)）、股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)質押式(shi)回(hui)購（融(rong)(rong)入方(fang)）、約定(ding)購回(hui)式(shi)證(zheng)券(quan)交易（融(rong)(rong)入方(fang)）風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)警示(shi)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)、AA-級(ji)別信(xin)(xin)用(yong)(yong)債(zhai)(zhai)(zhai)(zhai)、基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)礎(chu)層(ceng)掛牌公(gong)司股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)、個股(gu)(gu)(gu)(gu)(gu)(gu)(gu)期(qi)(qi)權(quan)(quan)(quan)買(mai)入開(kai)倉(cang)(cang)業務、股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)期(qi)(qi)權(quan)(quan)(quan)保(bao)(bao)證(zheng)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)賣(mai)出開(kai)倉(cang)(cang)業務、權(quan)(quan)(quan)證(zheng)、融(rong)(rong)資(zi)融(rong)(rong)券(quan)業務及(ji)(ji)相關(guan)服(fu)(fu)務、可轉(zhuan)債(zhai)(zhai)(zhai)(zhai)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)分(fen)(fen)(fen)(fen)級(ji)B份額等(deng)(deng)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)工具(ju)； 5.高風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)；是指產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)的(de)(de)(de)(de)(de)(de)(de)投(tou)(tou)(tou)(tou)資(zi)標的(de)(de)(de)(de)(de)(de)(de)主(zhu)(zhu)要(yao)(yao)包(bao)(bao)(bao)括但(dan)不(bu)限(xian)于(yu)復雜的(de)(de)(de)(de)(de)(de)(de)結構化產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)、AA-以(yi)下(xia)級(ji)別信(xin)(xin)用(yong)(yong)債(zhai)(zhai)(zhai)(zhai)、場(chang)外衍(yan)生(sheng)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)品(pin)(pin)(pin)(pin)(pin)(pin)及(ji)(ji)相關(guan)服(fu)(fu)務、債(zhai)(zhai)(zhai)(zhai)券(quan)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)分(fen)(fen)(fen)(fen)級(ji)B份額、股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)分(fen)(fen)(fen)(fen)級(ji)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)B份額、大(da)宗(zong)商品(pin)(pin)(pin)(pin)(pin)(pin)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)、私募(mu)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)權(quan)(quan)(quan)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)、私募(mu)創投(tou)(tou)(tou)(tou)基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)等(deng)(deng)金(jin)(jin)(jin)(jin)(jin)(jin)(jin)融(rong)(rong)工具(ju)。 二、風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)評(ping)估(gu)調(diao)整部(bu)(bu)分(fen)(fen)(fen)(fen)的(de)(de)(de)(de)(de)(de)(de)評(ping)分(fen)(fen)(fen)(fen)標準 針(zhen)對(dui)被(bei)評(ping)定(ding)主(zhu)(zhu)體的(de)(de)(de)(de)(de)(de)(de)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)評(ping)估(gu)調(diao)整部(bu)(bu)分(fen)(fen)(fen)(fen)，按(an)照(zhao)如(ru)下(xia)標準進行(xing)計(ji)分(fen)(fen)(fen)(fen)： 第(di)(di)(di)(di)一、設計(ji)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)二、市場(chang)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)三、流動性(xing)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)四、成本與費用(yong)(yong)影響 第(di)(di)(di)(di)五(wu)、基(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)(ji)礎(chu)資(zi)產(chan)(chan)(chan)(chan)(chan)(chan)(chan)價(jia)(jia)(jia)值變動風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)六、擔保(bao)(bao)品(pin)(pin)(pin)(pin)(pin)(pin)及(ji)(ji)其他(ta)信(xin)(xin)用(yong)(yong)保(bao)(bao)障 第(di)(di)(di)(di)七、參與方(fang)信(xin)(xin)用(yong)(yong)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)八、追加(jia)投(tou)(tou)(tou)(tou)資(zi)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)九、本金(jin)(jin)(jin)(jin)(jin)(jin)(jin)損失(shi)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)十(shi)、杠桿(gan)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 第(di)(di)(di)(di)十(shi)一、其他(ta)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian) 兩部(bu)(bu)分(fen)(fen)(fen)(fen)得(de)(de)分(fen)(fen)(fen)(fen)結果的(de)(de)(de)(de)(de)(de)(de)加(jia)權(quan)(quan)(quan)數之和，最終得(de)(de)到被(bei)評(ping)定(ding)主(zhu)(zhu)體的(de)(de)(de)(de)(de)(de)(de)評(ping)定(ding)得(de)(de)分(fen)(fen)(fen)(fen)并(bing)確定(ding)風(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)等(deng)(deng)級(ji)。