- •Курс англійської мови для фінансистів
- •Unit 1 financial markets. The bond market
- •Text trading in the bond market
- •Vocabulary list
- •Exercises
- •The Eurobond Market
- •French Government Securities
- •The Chinese Bond Market
- •Discussion
- •Eurobond Market
- •In order to get prepared for participation in the class discussion of the above questions, write a short essay on the following:
- •Reading practice
- •Us Government Securities
- •Borrowers Pile Up the Yankees
- •Unit 2 financial markets. The stock market
- •Text stocks and markets
- •The corporate securities market in russia
- •Vocabulary list
- •Exercises
- •Equity Market
- •The New York Stock Exchange
- •Discussion
- •A) Bulls, Bears and Stags
- •Reading practice
- •Third and Fourth Markets
- •Investment activity
- •Investments
- •Investment climate
- •Vocabulary list
- •Exercises
- •Think of word combinations with these nouns:
- •Think of the verbs most commonly used with:
- •Write down 3-5 questions about the text.
- •Say what advantages individuals have when they invest in investment companies.
- •Investment Companies
- •Write down 3-5 questions about the text.
- •Explain how most dynamic institutional investors today - pension funds and
- •Food Giants Build Local Yogurt Plants
- •Norwegians to Buy 25% of Vimpelcom
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •Investment Skill Is a Rare Commodity
- •Investment Trusts
- •Foreign Investments in Russia
- •Cornerstone of the global financial market
- •Vocabulary list
- •Exercises
- •Write down 3-5 questions about the text.
- •Describe the components of the global financial markets. Global Financial Markets
- •Managing Exchange Rate Risk. Hedging
- •The Eurocurrency Market
- •Discussion
- •Present them in a short review.
- •Discuss the problem raised in the text. Tougher Measures Needed to Counter Macroeconomic Effects of Money Laundering
- •In order to get prepared for participation in the class discussion of the questions, write several short paragraphs about:
- •Reading practice
- •Foreign Exchange Swaps
- •Foreign Exchange Options
- •Unit 5 financial management
- •Text finance function
- •Financial ratios
- •Ratio analysis
- •Vocabulary list
- •Exercises
- •Write down 3-5 questions about the texts.
- •Say in what activities financial managers are involved.
- •Financial Capital
- •Discussion
- •Corporate Governance
- •Investment Management
- •In order to get prepared for participation in the class discussion of these questions.
- •Reading practice
- •Capital Structure and Cost of Capital
- •Liquidation
- •The Cash Flow Concept
- •Unit 6 accounting
- •Accounting principles and concepts
- •Accountancy in a free-market economy
- •Public and private accountants
- •Vocabulary list
- •Exercises
- •Accounting Records
- •Accountancy Profession
- •Discussion
- •Accounting Methods .
- •In order to get prepared for participation in the class discussion of the questions, write a short paragraph, explaining:
- •Reading practice
- •Green Accounting
- •Unit 7 international monetary system
- •International monetary institutions
- •Imf's support for russian reforms
- •Vocabulary list
- •Exercises
- •Make your own sentences with any five word combinations from (b) and (c).
- •Match the verbs from (a) with the nouns from (b) below:
- •Write down 3-5 questions about the text.
- •Describe the purposes for which the imf was set up.
- •International Monetary Fund
- •Write down 3-5 questions about the text.
- •Describe the purposes for which the organization was set up. Your Partner ebrd
- •Fiftieth Anniversary of the Bretton Woods Conference
- •Sum up the text in 5-7 sentences and present your summary in class.
- •Describe the World Bank's activities. Say how they differ from those of the imf.
- •Discussion
- •Fiscal Issues Are a Growing Concern of the imf
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Some Facts About the sdr
- •Literature
- •Contents
- •Курс англійської мови для фінансистів
- •83050, М. Донецьк, вул. Щорса, 31
- •83023, М.Донецьк, вул. Харитонова,10.
Write down 3-5 questions about the text.
Explain how most dynamic institutional investors today - pension funds and
mutual funds - work.
The most dynamic institutional investors today are pension funds and mutual funds. Pension funds are a relatively recent phenomenon, which emerged ... the early 1950s.
Pension funds are retirement plans funded ... corporations or government agencies for their workers. Pension funds pool the contributions of employees and invest these funds ... various types of financial assets, such as corporate securities or real estate. Pension funds are often managed ... bank trust departments and life insurance companies.
Mutual funds have been even more impressive than pension funds.
Mutual funds are corporations which accept money ... savers and then use these funds to buy stocks, long-term debt instruments issued ... businesses or government units. These organizations pool funds and thus reduce risks ... diversification. They also achieve economies ... scale, which lower the costs of analyzing securities, managing portfolios, and buying and selling securities. Different funds are designed to meet the objectives of different types of savers. Hence, there are bond funds ... those who desire safety, stock funds ... savers who are willing to accept significant risks ... the hope of higher returns, and still other funds that are used as interest-bearing checking accounts (the money market funds). There are hundreds ... different mutual funds ... dozens of different goals and purposes.
Words you may need:
Англійський варіант mutual funds real estate to accept risks money market (mutual) fund interest-bearing checking account |
Російський варіант взаимные фонды недвижимость принимать риски взаимный фонд денежного рынка текущий счет, на который начисляется процент |
Український варіант взаємні фонди нерухомість приймати ризики взаємний фонд копійчаного ринку поточний рахунок, на який нараховується відсоток |
Ex. 8.
a) Open the brackets putting the verbs in the correct form.
b) Say what you think about the decision of the companies to invest in Russia.
Food Giants Build Local Yogurt Plants
Foreign oil companies may pull out of Russian projects and several automobile joint ventures have been postponed, but international food processing companies feel now is the time to move production to Russia.
Three major Western food producers - Germany's Ehrmann, the Netherlands' Campina and France's Danone - (to press) ahead with their plans to build yogurt factories in Moscow suburbs.
"The August [Rouble devaluation] made us realize all the more how important it is to have our own production here," said Christof Muller, head of Ehrmann's Moscow office.
The German company (to begin) building a dairy plant near the town of Ramenky, a 40-minute drive southwest of Moscow, a few weeks after the financial crisis (to break) out in the middle of August.
Estimated to cost around 70 million Deutsche marks ($40.9 million), the factory is to start production next fall. It (to have) the capacity to process 300 tons of milk a day into yogurt, sour cream, kefir and other products, Muller said.
The milk (to come) from local farms, while fruit for the yogurts will initially be imported frozen from Germany, he added.
According to the Ehrmann representative, the company (to import) 43,000 tons of yogurt to Russia, which, by company estimates, (to account) for 25 per cent of the local market.
Muller (to say) the yogurt market could easily double, in the next two or three years. "There (to be) no fear of surplus production," he said.
"The market is far from saturated and there (to be) still plenty of room for expansion," he added.
Another reason Ehrmann (to build) a local production facility is stiff competition from Russian yogurt producers, such as Moscow's Wimm-Bill-Dann. Muller said the idea (to be) to combine Ehrmann's quality "with a Russian image."
Campina, a Dutch yogurt maker, is scheduled to begin work in May on its dairy plant at Stupino, 120 kilometers south of Moscow, (to say) a company executive who wished to remain anonymous.
The plant, which (to cost) more than $40 million to build, is expected to be completed in a year's time. It (to produce) about 84,000 tons of yogurt a year, the executive said.
The French company Danone (to start) work on its dairy plant near the town of Chekhov, 60 kilometers south of Moscow, several Months ago, and will have invested around $2 million in the project by the year's end.
According to foreign analysts, the companies (to have) good reasons to establish operations in Russia: cheap labour and raw materials, first of all.
"But some of the calculations made before the crisis - payback periods of investment, volumes and prices - may have to be reviewed," the analysts say.
Words you may need:
Англiйский варiант |
Росiйський варiант |
Український варiант |
payback period |
срок окупаемости |
термін окупності |
Ex. 9.
a) Fill each gap with a suitable word from the box.
b) Comment on the type of investment in this deal.
board huge strengthen benefit
provider approval praise buy
deal used projects