以下为句子列表：
英文: A non-bank member firm whose privileges and rights are limited to conducting proprietary arbitrage in foreign currencies with a single Exchange-approved bank.
中文: 非银行成员企业的特权被限制于私有的套利在外币与唯一一家批准的银行。(看清算成员)。
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英文: Additionally, it can lead to an arbitrage position as an investor attempts to lock in a small return at expiry.
中文: 同时，当投资者打算锁定到期时的最小收益时，可以产生套利机会。
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英文: Arbitrage between bonds of different maturates implies that the price of a bond is the present value of the payments on the bond, discounted using current and expected short-term interest rates.
中文: 不同到期债券的套汇是该证券支付的现值，利用当期或预期短期利率折现的。
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英文: Article 47 In case that domestic entities open foreign exchange accounts in China or abroad without authorization, rent, transfer of arbitrage foreign exchange accounts in violation or the regulations governing foreign exchange account or use the foreign
中文: 第四十七条境内机构违反外汇帐户管理规定，擅自在境内、境外开立外汇帐户的，出借、串用、转让外汇帐户的，或者擅自改变外汇帐户使用范围的，由外汇管理机关责令改正，撤销外汇帐户，通报，批评，并处5万元以上30万元以下的罚款。
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英文: As a result, the price in London should be driven up, and the price in New York should be driven down so that arbitrage is no longer possible.
中文: 其结果是，伦敦的价格会逐渐上升，而纽约的价格会逐渐下跌，这样的套利机会将最终消失。
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