AN ENGLISH COURSE FOR STUDENTS OF FINANCE. Учебно-методический комплекс

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3.В выделенных звездочкой предложениях подчеркни- те глагол «to have» и определите его функцию. Переведите их (см. Грамматический справочник).

4.Переведите текст письменно со словарем.

5.Запишите основные функции каждого вида банка на английском языке.

TEST

1. Дополните следующие предложения, выбрав соответ-

They are also concerned with the employment in London of their temporary ....

There are also large numbers of representable offices which do not handle banking business but mainly ... and facilitate business relationship.

Thus they facilitate movement of resources between London and abroad, as well as attracting deposits to London from overseas ....

Quite often a representative office ... as the first step towards setting up a branch or other institution.

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AN ENGLISH COURSE FOR STUDENTS OF FINANCE

2. Выберите русские эквиваленты к английским словам в колонке слева.

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Additional Practice 5.1

International commercial operations

Match the sections of the text labeled A, B, C and D to the following headings:

1.Trade and Commercial Financing

2.Documentary Credits and Guarantees

3.International Commercial loans

4.Export Financing

Section A

With regard to international commercial loans, both volume and interest and commission income rose to record levels. The continued economic growth

in OECD countries and the further acquisition of companies in North America and Europe contributed greatly to this performance.

The strong build-up of our capacity for structured financing transactions and their syndication enabled us to acquire important lead-management mandates in our principal centres of operation. Despite stiff competition, we succeeded in maintaining our number one position in the United States in the field of credit guarantee operations, especially with regard to the credit enhancement of car loans and credit card receivables. Such transactions were also carried out for the first time in connection with Euromarket financing.

We acquired most of our mandates for takeover financing from European customers in North America and Europe. In addition, we participated in various takeover operations involving large American firms. In the sector of project financing, focus centered on lead management mandates for important gold mining,

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AN ENGLISH COURSE FOR STUDENTS OF FINANCE

electric power station and infrastructural projects. With regard to the latter, an attractive market has developed due to the process of privatization in Europe. During the year under review, we obtained our first management mandates for first rate properties in our newly developed sector for commercial real estate financing in North America.

Section В

Export financing operations in Switzerland developed favorably. The volume of new business expanded further, although Swiss merchandise exports concentrated increasingly on the OECD nations and, as a result, traditional export financing coupled with the federal Export Risk Guarantee (ERG) was less in demand. In May 1989, the revision of the ERG implementing ordinance went into effect, whereby the Swiss ERG was aligned to a greater extent with most of the other OECD nations' export risk insurance programs.

Section С

Parallel to the global economic growth, cross-border trade in commodities, food products and semi-manufactures has shown a steady gain. To satisfy the requirements of our international customers who operate in these sectors we are setting up new units in New York and London to specialize in short-and medium-term trade and merchandise financing. With the acquisition of lead management mandates our Bank has attained a strong market position in this field, especially in Great Britain.

Section D

In our documentary credit and guarantee operations, not only the volume of business and the amount of sales but also income showed marked advances despite the fact that the precarious debt situation in important semi-industrialized and the developing countries prevented or delayed larger transactions. In commodity operations, emphasis shifted from crude oil transactions to business in derivatives and other commodities.

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Comprehension

1.(a) "Acquisition" means:

1)sale.

2)advice.

3)purchase.

4)loss,

(b) the text refers to "further acquisition of companies". Who do you think made this acquisitions?

2. In Section A, five main areas of operation are mentioned. Look at the table. Match each area to the main point made about it in the text.

3.(а) То which area of the world did Swiss visible exports increase most?

(b)What were the two effects of this?

4.Is the export insurance offered by the Swiss government now more or less similar to that of its main trading partners?

5.Say whether the following statements are True or False according to the text.

1) World economic development has led to an increase in invisible trade.

2) International traders of visible goods do not normally need long-term loans,

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AN ENGLISH COURSE FOR STUDENTS OF FINANCE

3)The bank's role as an organizer of loans has increased in Britain.

6. Delete the words in the following sentences which are wrong according to the text.

The documentary credit and guarantee operations business has (decreased/increased) (because of/regardless of) the difficulty of paying for exports of some less developed countries. The main area of commodity dealing (remains/is no longer) unrefined oil.

Vocabulary

7. Look and how the words in the box below are used in the text and then match them to the meanings given.

1)improvement

2)regulation

3)applying/putting into effect

4)something made from something else

5)orders/authorization

6)achieved

7)strong/hard

8)uncertain

9)percentage payment

10)make more similar

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INFORMATION FOR STUDY

Barclays Bank Account

Why a Bank Account Makes Sense

You'll find managing your money is easier and safer with a bank account.

A Barclays Bank Account allows you to make payments without having to use cash. Your salary can be paid direct into the account. If you have a regular amount to pay out on a specific date each month, you can arrange a standing order or direct debit with your branch so that the bill is paid automatically.

But whether you're paying someone by direct debit, paying in money or withdrawing cash, every transaction will appear on your bank statement. So you'll always be able to keep track of your finances

If you find you need further information about your Barclays Bank Account, or on any financial matter all you have to do is to apply to your branch and talk things over with your Personal Banker or another member of staff.

You don't need to make an appointment. But if you need specific advice on, for example, insurance or investment we'll arrange for you to see one of the Bank's specialists.

A Current Account with Three Options to Choose from

The Barclays Bank Account offers a choice of three options, all with no charges for everyday transactions.

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As your needs change you can move from one option to the next without difficulty. To apply for a different option all you need to do is to complete a straightforward application form and we'll do the rest.

Whichever option you choose, your account number does not change. So your Barclays Connect or Barclaybank card, standing orders, direct debits and so on are unaffected.

The Options in Brief

Interest Option

Cheque book

A Barclays Connect or Barclays bank card can be applied for

Interest paid quarterly on cleared credit balances

A Personal Overdraft facility can be applied for up to a maximum of $5,000

Instant Option

A Barclays connect or Barclaybank card can be applied for

A higher rate of credit interest than the Interest option

Please note a cheque book is not issued with this option and there are no Personal Overdraft facilities.

Flexible Option

Cheque book

A Barclays Connect or Barclaybank card can be applied for

A Personal Overdraft facility can be applied for up to a maximum of $5,000

We also offer students a special version of The Barclays Bank Account, known as The Barclays Student Bank Account. To apply

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for a Personal Overdraft you must be 18 or over (20 in Jersey). Please note:

Barclays is a responsible lender and when considering your application for an overdraft, your financial circumstances will be appraised.

And remember, if you should run into difficulties, please, contact us immediately.

Full details of each of the options are available in the booklet titled 'How a Bank Account can help you which can be obtained from any Barclays branch or by writing.

Bank Charges

With The Barclays Bank Account, there are no charges for everyday sterling transactions within the UK, whatever your balance. In practice, this means you will not be charged for the following sterling items:

cheques you write on your account

credits paid into your account

regular bank statements

standing orders or direct debits (within the UK)

Barclays, Lloyds, Bank of Scotland or Royal Bank of Scotland cash dispenser transactions1

Barclays Connect Entries2.

There is no limit on the number of such transactions you can make.

However, for other services including Personal Overdrafts, stopping cheques, safe custody and foreign transactions (eg, transfer of funds to someone overseas, and the negotiation of cheques drawn abroad -whether in foreign currency or sterling), a charge may be made. Further details can be obtained from any Barclays

1Transactions at other banks or cash dispensers displaying the Visa sign are subject to a 1.5% handling charge.

2Transactions at other banks or cash dispensers displaying the Visa sign are subject to a 1.5% handling charge.

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branch. When we make a change to our charges we will provide a revised Personal Customer Tariff before we make the changes.

Your Statement

As a Barclays customer you will be sent a regular statement, enabling you to keep track of your spending. It is a record of all the payments that have gone in and out of your account. Your statement may not reflect all payments that you may have made to date. Please bear these payments in mind when you receive your statement.

Using Barclays Cheque Book

What is a Cheque?

In very simple terms, a cheque is a written instruction by you (the drawer) to the Bank to pay money to someone (the payee]; Generally, a cheque which is presented more than six months after the date on it is treated as out of date.

Barclays standard cheques are non-transferable and have the words 'Account Payee' printed within the crossing (the two parallel lines through the middle). Put simply, this helps to ensure that each of your cheques can only be paid into the account of the party to whom you have made it payable -thereby helping to prevent stolen cheques from being paid into a thief’s account. Please bear in mind that any payee without a current/deposit account will find it difficult to withdraw funds against such a cheque.

How to Pay for Goods and Services by Cheque

Most retailers will accept your cheque as payment for goods and services, provided it is supported by a valid cheque guarantee card.

Barclays Connect or Barclaycard Visa act as cheque guarantee cards. They can be used to guarantee personal cheques issued within the United Kingdom for amounts up to the guarantee limit shown on the reverse of the card for any one transaction.

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