谁能帮用英文我翻译一下这段话~不胜感激

As the first part, this paper explains the nature of Credit Default Swaps (hereafter as CDS) as a Financial Derivatives which domains the credit-derivative market. Followed on this paper, some major risks that occurred to such derivatives during the trading process are discoursed, which include credit risks, counterparty risks, transaction exposure, liquidity risk, and monitoring risks. Especially in regard to the risk control, this paper discusses some issues with practice, such as counterparty risks in CDS transaction, liquidity shortage risk, low transparency and lack of governmental monitoring in OTC market. As last, throughout introduction of the development states of CDS market in this subprime crisis, and making understanding of the role of CDS as a financial derivative played in subprime crisis, this paper derives suggestions on the development of financial derivatives in China, such as derivative transaction must possess the ability of market risks preventing, and financial monitoring must keep pace with financial innovation.

This paper firstly Credit derivatives market dominant Credit Default swap (Default Swaps, CDS) at a kind of financial derivatives are introduced, and then discusses the derivatives trading process in some major risks, including Credit risk, trading counterparty risk, liquidity risk and risk and risk supervision. And in reality, the risk control of CDS trading counterparty default risk, liquidity risk, OTC market shortage of low transparency and government lacking these problems were discussed. Risk, Through the introduction of the subprime crisis, the development situation of CDS market about the financial derivatives CDS role in the subprime crisis, derivatives trading shall have the ability to prevent market risk, financial supervision and financial innovation must keep pace with our financial derivatives such development.