- •Рецензенты:
- •Ю.А. Башкатова;
- •А.В. Колегаева
- •Предисловие
- •Lesson 1
- •1.2 Read and translate the text Financial institutions
- •1.3 Answer the questions to the text:
- •1.11 Read the dialogue
- •1.12 Role play. Work in pairs. Make up dialogues of your own.
- •1.13 Translate into English
- •1.14 Fill in the blanks with proper words given below:
- •Correspondent banking relationship
- •1.15 Comprehension questions
- •Lesson 2
- •2.1 Study the following words and phrases:
- •2.2 Read and translate the text Federal Reserve System
- •2.3 Answer the questions to the text:
- •2.8 Choose the correct answer
- •2.9 Choose one phrase that expresses the main idea of the text
- •2.10 Substitution Drill
- •2.11 Read the dialogue
- •2.12 Role play. Work in pairs. Make up dialogues of your own.
- •2.13 Describe the procedures of the Fed and their effect on the economy.
- •2.14 Translate into English
- •Lesson 3
- •3.1 Study the following words and phrases:
- •3.2 Read and translate the text Developments in banking
- •3.3 Answer the questions to the text:
- •3.8 Choose the correct answer
- •3.9 Choose one phrase that expresses the main idea of the text
- •3.10 Substitution drill
- •3.11 Read the dialogue
- •3.12 Role play. Work in pairs. Make up dialogues of your own.
- •3.13 Translate into English
- •3.14 Fill in the blanks with proper words given below:
- •Transferring funds abroad
- •3.15 Comprehension questions
- •Lesson 4
- •Study the following words and phrases:
- •4.2 Read and translate the text Financial management
- •4.3 Answer the questions to the text:
- •4.8 Choose the correct answer
- •4.9 Choose one phrase that expresses the main idea of the text:
- •4.10 Substitution drill
- •4.11 Read the dialogue
- •4.12 Role play. Work in pairs. Make up dialogues of your own.
- •4.13 Fill in the blanks with proper words given below:
- •International movement of currency
- •4.14 Comprehension questions
- •Lesson 5
- •5.1 Study the following words and phrases:
- •5.2 Read and translate the text How funds flow through a business
- •5.3 Answer the questions to the text:
- •5.8 Choose the correct answer
- •5.9 Substitution drill
- •5.10 Read the dialogue
- •5.11 Role play. Work in pairs. Make up dialogues of your own.
- •5.12 Translate into English
- •5.13 Fill in the blanks with proper words given below:
- •Letters of credit
- •5.14 Comprehension questions
- •Lesson 6
- •Study the following words and phrases:
- •6.2 Read and translate the text Starting - up financing
- •6.3 Answer the questions to the text:
- •6.8 Choose one phrase that expresses the main idea of the text
- •6.9 Substitution drill
- •6.10 Read the dialogue
- •6.11 Role play. Work in pairs. Make up dialogues of your own.
- •6.12 Translate into English
- •6.13 Fill in the blanks with proper words given below:
- •Commercial bank lending I
- •6.14 Comprehension questions
- •Lesson 7
- •7.1 Study the following words and phrases:
- •7.2 Read and translate the text Sources of funds I
- •7.3 Answer the questions to the text:
- •7.8 Choose the correct answer
- •7.9 Choose one phrase that expresses the main idea of the text
- •7.10 Substitution drill
- •7.11 Read the dialogue
- •7.12 Role play. Work in pairs. Make up dialogues of your own.
- •7.13 Translate into English
- •7.14 Fill in the blanks with proper words given below:
- •Commercial bank lending II
- •7. 15 Comprehensive questions
- •Lesson 8
- •8.1 Study the following words and phrases:
- •8.2 Read and translate the text Sources of funds II
- •8.3 Answer the questions to the text:
- •8.4 Find the English equivalents to the following phrases in the text:
- •8.5 Make up ten English sentences using words from the active vocabulary of the lesson
- •8.6 Which passage of the text contains information on:
- •8.7 Are these statements true, false, or not mentioned in the text?
- •8.8 Choose the correct answer
- •8.9 Choose one phrase that expresses the main idea of the text
- •8.10 Substitution drill
- •8.11 Read the dialogue
- •8.12 Role play. Work in pairs. Make up dialogues of your own.
- •8.13 Translate into English
- •Lesson 9
- •9.1 Study the following words and phrases:
- •9.2 Read and translate the text Long term financing (common stock, preferred stock)
- •9.3 Answer the questions to the text:
- •9.4 Find the English equivalents to the following phrases in the text:
- •9.10 Read the dialogue
- •9.11 Role play. Work in pairs. Make up dialogues of your own.
- •9.12 Fill in the blanks with proper words given below:
- •Foreign exchange I
- •9.13 Comprehension questions
- •Lesson 10
- •10.1 Study the following words and phrases:
- •10.2 Read and translate the text
- •Investors
- •10.3 Answer the questions to the text:
- •10.10 Read the dialogue
- •10.11 Role play. Work in pairs. Make up dialogues of your own.
- •10.12 Translate into English
- •Bibliography
- •Dictionaries
- •Содержание
- •Демиденко Ксения Анатольевна
- •650992, Г. Кемерово, пр. Кузнецкий, 39. Тел 75-74-16.
7.14 Fill in the blanks with proper words given below:
(a) depositors |
(c) costs |
(e) shareholders |
(g) years |
(b) risk |
(d) instrument |
(f) interest |
|
Commercial bank lending II
When a bank decides to make a loan, it must first select an (1) … rate, which is the price for renting the money to the borrower. In computing the interest rate, the banker must consider the cost of the money to his bank. This includes the average interest rate the bank is paying its (2) …, the bank’s operating (3) …, and the normal return that the bank expects. The bank must be able to cover possible loan losses and provide dividends to the bank’s (4) … .
If the loan is a term loan, the risk is greater and must be compensated for in a higher interest rate. For normal commercial loans the maximum term is usually five (5) ….
If the borrower is foreign, the (6) … may be greater, and therefore the bank expects extra interest.
The bank must determine the most appropriate credit (7) … to use. A promissory note is most usual. Generally the bank wants partial payments at least semi-annually, but promissory note can also be payable “on demand”.
Words and expressions
to select (v) |
- избирать |
in computing |
- рассчитывая |
average (adj) |
- средний |
operating costs |
- операционные издержки |
return (n) |
- прибыль, возврат |
to expect (v) |
- ожидать |
to compensate for (v) |
- компенсировать, возмещать |
appropriate (adj) |
- соответствующий |
credit instrument |
- кредитный инструмент |
promissory note |
- долговое обязательство |
partial (adj) |
- частичный, частями |
semi-annual |
- полугодичный |
payable |
- подлежащий уплате |
on demand |
- no требованию |
7. 15 Comprehensive questions
What does a bank have to select first when it decides to make a loan?
What is an interest rate?
What does the banker have to consider while computing the interest rate?
What does the cost of the loan include?
How can the risk for a term loan be compensated for?
What is the maximum term for normal commercial loans?
What happens if the borrower is foreign?
What is the most usual credit instrument the bank uses when it executes a loan?
How can the borrower pay the loan back?
Lesson 8
Active vocabulary
8.1 Study the following words and phrases:
assembly line |
- конвейер |
extensive (adj) |
- широкий; основательный |
maturity (n) |
- здесь: срок платежа, срок действия долгового обязательства |
to protect (v) |
- защищать |
permission (n) |
- разрешение |
to eliminate (v) |
- отменять, исключать |
restriction (n) |
- ограничение |
to issue (v) |
- выпускать |
debenture (n) |
- облигация без обеспечения |
face value |
- номинальная стоимость |
to determine (v) |
- определять |
predetermined |
- заранее определенный |
coupon (n) |
- купон |
regular (adj) |
- регулярный |
according to |
- в соответствии с чем-либо |
indenture agreement
|
- облигационное соглашение (контракт, оговаривающий обязательства эмитента и права держателя облигации) |
to specify (v) |
- уточнять |
to retire (v) |
- отзывать, погашать |
call provision |
- оговорка о праве досрочного выкупа облигаций |
to redeem (v) |
- выкупать, возвращать |
redemption (n) |
- выкуп |
flexible (adj) |
- гибкий |
to convert (v) |
- переводить, конвертировать |
conversion (n) |
- конверсия, преобразование |
common |
- общий |
common stock |
- обыкновенные акции, акционерный капитал |
potential (adj) |
- потенциальный |