- •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.
French Government Securities
France (to begin) to modernize the management of its public debt in 1985, and this effort now (to bear) fruit. The market in French government securities is today one of the most liquid in the world, second only to the market in US Treasury debt.
By virtue of its position in the French financial markets, the French Treasury (to initiate) a series of reforms over the past several years designed to open up those markets and make them more attractive, thus increasing the competitiveness of Paris as a financial centre.
Today, French government debt issuance policy (to combine) three distinctive features, namely simplicity, liquidity, and transparency.
Simplicity. The structure of French government debt (to undergo) a profound transformation since 1980, and today the French Treasury mainly (to issue) three categories of standardized securities:
Fungible Treasury bonds with maturities of up to thirty years, which are the instruments that the government uses to raise long-term funds.
Fixed-rate Treasury notes paying annual interest with maturities of between two and five years.
Finally, fixed-rate short-term discount Treasury bills which (to have) a maximum maturity of one year.
Liquidity. Since 1986, the government (to give) priority to fungible issues, so that subsequent bond issues can be added to existing lines of stock having the same financial and fiscal characteristics.
Transparency. A number of organized procedures open to all investors (to keep) the market of French government debt transparent With the exception of few specific operations arranged through traditional bank syndicates, the French Treasury (to place) its issues through competitive bidding.
Besides, the Treasury (to publish) a calendar of forthcoming auctions for future issues. Published at the start of the year, this provides investors with full and accurate information on the government's medium- and long-term borrowing program for the year.
Preparing for Economic and Monetary Union, the Treasury regularly (to issue) negotiable securities denominated in the Euro, and today the French government is one of the leading sovereign borrowers on the Euro market.
Another fast-growing market (to be) the market in stripped bonds. authorized in May 1991. These two are helping to increase the liquidity of the secondary market.
Words you may need:
Англійський варіант |
Російський варіант |
Український варіант |
public debt |
государственный долг |
державний борг |
to bear fruit |
приносить плоды |
приносити плоди |
by virtue of |
благодаря, в силу чего-л. |
завдяки, у силу чогось |
fungible bonds |
Взаимозаменяемые облигации |
взаємозамінні облігації
|
treasury notes |
казначейские облигации |
казначейські облігації |
discount treasury bills |
дисконтные казначейские векселя |
дисконтні казначейські векселя |
competitive bidding |
конкурентные торги |
конкурентні торги |
stripped bonds |
«o6oдранные» o6лигации |
„ободранні” облігації |
Ex. 9.
a) Fill each gap with a suitable word from the box.
b) Sum up the text in 5-7 sentences and present them in class.
c) Describe the problems the authorities are trying to solve in China.
attention |
discovered |
take |
ago |
bonds |
transaction |
kind |
dealing |
market |
traded |
graduates |
|
line |
pass |
bond-trading |
|
foreigners |
free |
traded |
|