They offer the buyer insurance on a bundle of underlying securities.

他们为打包的标的证券的买家提供保险.

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Method of transfer or delivery of the underlying securities and collateral.

标的证券及担保品移转或交付方式.

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Naked writers sell options without owning the underlying securities, similar to shorting.

无标的证券期权的发行人卖出期权,但自己并不拥有相对的证券, 类似于做空.

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Covered writers own underlying securities.

发行持有标的期权的人拥有标的证券.

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Customer may not withdraw the deposited underlying securities without the consent of Company.

未经乙方同意前,甲方不得自行领回缴交之标的证券.

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