_金融英语课件3

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金融英语3

– Road shows to promote the new securities
To provide information about the offering and generate interest among potential investors To collect information for the issuing firm and its underwriters about the price at which they can market the securities
– In a word, firms issue new securities and receive the proceeds from the sale in the primary market
3-4
Primary Versus Secondary Markets
Secondary market
leading underwriters
Public offering price
(85%)
{
(15%)
} }
3-11
{
leading underwriters
Shelf Registrations
SEC (Securities and Exchange Commission) Rule 415 introduced in 1982
3-7
Investment Banking Arrangements
Public offerings typically are marketed by investment bankers who in this role are called underwriters (承銷商) (承銷商) A preliminary registration statement must be filed with the Securities and Exchange Commission (SEC), describing the issue and the prospects of the company

《金融专业英语》课件-Chapter 3 Financial Instruments

CaБайду номын сангаасh
instruments （现金工具）
The values of cash instruments are influenced and determined by the markets and they can be securities that are easily transferable into cash.
Derivative
Instruments （衍生工具）
The values and characteristics of derivative instruments are based on the vehicle’s underlying components, such as assets, interest rates or indices.
Example of commercial paper
A retail firm is looking for short-term funding to finance some new inventory for an upcoming holiday season.
The firm needs $10 million and offers investors $10.1 million in face value of commercial paper in exchange for $10 million in cash, according to prevailing interest rates. In effect, there would be a $0.1 million interest payment upon maturity of the commercial paper in exchange for the $10 million in cash, equating to an interest rate of 1%. This interest rate can be adjusted for time, contingent on the number of days the commercial paper is outstanding.

金融管理基础英文课件 (3)

utilization
• For banker or trade creditor – liquidity ratios
• For long-term creditors – debt utilization ratios and profitability ratios
3-8
Financial Statement for Ratio Analysis
Income before interest and taxes………………..$550,000 Lease payments…………………………………… 50,000 Income before fixed charges and taxes…………$600,000
3-19
Ratio Analysis
3-9
Profitability Ratios
3-10
DuPont System of Analysis
• A satisfactory return on assets might be derived through:
– a high profit margin, or – a rapid turnover of assets (generating more
3-5
Types of Ratios
• Profitability ratios
– Measure the firm’s ability to earn adequate return on:
• Sales • Assets • Invested capital
• Asset utilization ratios
– Emphasizes the firm’s ability to pay off shortterm obligations as they come due

PartⅢ金融英语-优质课件

❖ 9.1 Mail Transfer
❖ Mail Transfer(信汇)是汇出行应汇款人的要求，将付款指示以邮寄的方式转递给汇入行。下面是汇入行写给汇出行的电函，电函中说明因汇出行在信汇委托书上漏写了受益人的账号，故无法解付此款。
Re: Your Mail Transfer dated March 10, 2005 With reference to your captioned mail transfer, we regret to inform you that we are unable to effect payment due to the absence of the account number of the beneficiary in the mail transfer given. Therefore, we shall appreciate it if you will make us informed about it as soon as possible. We look forward to your early reply.
2demanddraftdemanddraft票汇指的是汇出行应汇款人的申请代汇款人开立银行汇票并由汇款人交给收款人最后通过银行办理托收或直接解付票据款项
Part Ⅲ Financial Communications
Chapter 9 Banking Communications on Remittance and Collections
❖ 9.3 Telegraphic Transfer
❖ Telegraphic Transfer(电汇)是汇出行应汇款人的申请，通过SWIFT指示和授权汇入行解付一定金额给收款人的汇款方式。

金融英语课件(unit3)

Types of financial statements
Balance sheet The income statement The statement of owner’s equity Statement of cash flows
ቤተ መጻሕፍቲ ባይዱ
F ro m b a n k Issu in g c e rta in se c u rity T ra d e c re d it a c c ru a ls
Language Points (语言点)：
1. generous adj. 慷慨的，大方的 generous with one’s money 用钱大方心地高尚的，无偏见的 a generous mind/spirit 高尚的心，精神 2. owe v. owe sth. to sb. 欠某人债/将某事物归因或归功于某人 He owes $50 to his father. 他欠他父亲 $50 。 He owes his success more to luck than to ability.他认为他的成功靠运气而不是自己能力。 3. allow for sb./sth. 在计算、估计、考虑时包括某人/某事 I will take you half an hour to get to the station, allowing for traffic delays. 把路上的耽搁算进去，你要半小时才能到车站。
Unit Three Part B Financial Statements
教学目的与要求（Teaching targets）： 1. to help students to understand the purposes, functions and types of financial statements, especially the types of financial statements. 2. to help students to get familiar with the special English words and expressions about financial statements 教学重难点(Emphases and difficult points） some important vocabulary: financial statement ， revenues and expenses，statement of financial position， balance sheet ， income statement ， statement of cash flows ， statement of owner’s equity ， net income ， net loss，capital transaction the types of financial statements. Some important special vocabulary and expressions, eg, balance sheet, income statement, statement of cash flows, net loss, expense/expenditure, as of, revenue/income.

金融专业英语Lesson3 金融市场

Lesson 3 Financial MarketThe word "finance" signifies capital in monetary form, that is, in the form of funds lent or borrowed, normally for capital purposes, through financial markets or financial institutions. When finance goes international, it is then an international finance. What is a financial market? It is a place where financial transactions take place. When a financial transaction takes place between a resident of a country and a non-resident, it is an international financial transaction, and the place where the transaction is traded is called an international financial market. A financial market consists of foreign exchange market, money market, capital market and gold market.The flow of funds through the financial markets may be divided into different segments, depending upon the characteristics of financial claims being traded and the needs of different groups. One of the most important divisions in the financial system is between the money market and the capital market.The money market is designed for the making of short-term loans. It is the institution through which individuals and institutions with temporary surpluses of funds meet borrowers who have temporary funds shortages. Thus, the money market enables economic units (principally business firms and governments) to manage liquidity. By convention, a security or loan maturing within one year or less is considered to be a money market instrument. One of the principal functions of the money market is to finance the working -capital needs of corporations and to provide governments with short-term funds in lieu of tax collections. The money market also supplies funds for speculative buying of securities and commodities. Because most loans and securities traded in the money market are large, typically in million dollar units, it is often called a wholesale market, catering to the largest borrowers.In contrast, the capital market is designed to finance long-term investments by businesses, governments, and households. Trading of funds in the capital market makes possible the construction of factories, office buildings, highways, bridges, etc. Financial instruments in the capital market have original maturities of more than one year and range in size from small loans to very large, multi-million dollar credits. Thus, the capital market trades in both wholesale (large) loans and securities and retail (small) loans and securities.In the followings, we shall focus our study on capital market.As mentioned above, capital market refers to the trading market with loan maturity over one year, it is also called medium and long-term capital market. There are two kinds of financing on the capital market, namely, medium and long-term loan of the bank and securities trading. Therefore, the capital market, to be specific, can be divided into medium and long-term credit market of the bank and securities market.1. Medium and long-term credit market of the bank. This is where banks offer medium and long-term credit funds. Through the market, the supply and demand sides of medium and long-term capital realize financial accommodation. The demand side in the market is chiefly government, industrial and commercial enterprises. If theterm of fund maturity is 1 to 5 years, it is generally called medium-term. If the term is over 5 years, it is called long-term. The interest rate of funds is determined by various factors, including economic situation, capital supply volume, inflation rate and financial policy. Since capital turnover period in this market is long, the risk is also rather high. Therefore, in considering loan making, the bank will, apart from examining the loan applicant's objective, concentrate on analyzing its debt payment ability.2. Securities market.This is the place for the issuance and circulation of securities. The stock exchange where concentrated security trading is conducted is a physical market with fixed location. The source of capital in security market comes mainly from insurance company, investment and trust company, savings bank and fund organizations of various kinds. They attract large sums of capital from the vast number of policyholders, investors and depositors and then put the capital into the security market. Capital demand in the market comes from government and enterprises. Securities usually traded on the security market include (1) government bond, that is, treasury notes and treasury bonds issued by the government, which can be transferred any time on the market but is unredeemable before maturity; (2) corporate bond, that is, promissory note of enterprise for debt raising, committing to pay back principal and interest within a certain period. (3) corporate stock, that is, a stock certificate issued by the enterprise for raising capital fund. It should be designed in accordance with the form and content laid down in the Company Law of the individual country, making clear the amount of capital, the total number of stock and the amount of each share. The stock is generally divided into common stock and preferred stock. Common stock dividend will be allocated only when the enterprise is making a profit and after dividend is paid to preferred stock. As to the actual amount of dividend, it will be decided by the shareholder meeting on the plan submitted by the board of directors, The preferred stock carries with it fixed dividend rate which will be paid ahead of common stock from the after tax net profit of the enterprise.The function of the security market:The basic function of the security market is the promotion of the movement of factors and the rational allocation of resources. This is also why the security market is the core of modem market economic system, enjoying great vigor and attractiveness. The security market can play a role to optimize resource allocation because it possesses the following four functions:l. The self-expansive function of the security marketDirect financing and indirect financing are the two basic forms of capital movement in modern market economy. With fixed sum of capital in society, when the amount of direct financing goes up, indirect financing amount will decrease correspondingly. The special attraction of the security market, the stock market in particular, lies in the fact that it is composed of the primary market and the secondarymarket. The amplifying effect and multiplier effect of the stock price on the secondary market have special attraction for investors. Such attraction of the secondary market in tum strengthens activities in the primary market, making it possible for the continued issuance of stocks by enterprises that enjoy advantageous position and possess vast prospect. The activity in the primary market will provide more reliable guarantee for the operation of the secondary market, thus further expanding room of activity and choice for the secondary market. Through such combination of primary and secondary markets, the ratio of direct financing in social economy will be continuously raised and the position and role of security market in resource allocation will also be improved.2. The self-selection function of the security marketThe self-selection function of the security market consists of two parts: the market and the listing company. In terms of the market, the fact that the exchange, through strict listing standard, chooses listing company, is in itself an important way of improving resource allocation efficiency. The more rigorous the listing standard, the greater the constraint on the stock company, which will further make it improve its economic efficiency. In terms of listing company, the formation of special power structure and restraint mechanism such as shareholders meeting, board of directors and board of supervisors, and the possession by the company of the two channels of direct and indirect financing, will facilitate the company to carry out independent operation and self-development in accordance with the intrinsic demand of a stock company, to choose the mechanism and form of composition of self-owned capital and capital of another party in accordance with the actual situation of the enterprise, and to choose the time and direction of investment in accordance with the inner demand of the market. Such company is only responsible to and must be responsible to the market and the investors and to no other person.3.The self-stimulation function of the security market4.The self-restraint mechanism of the security marketExercise:I. Translations:1．金融机构2．债券市场3．直接／间接融资4．上市公司5．股份公司6．资源配置7经济效益8．资金供求量9．通货膨胀率10.股权凭证11.普通股／优先股12.股息13.银行中长期信贷市场14.兑换本金15.资金周转16.国库券Ⅱ.E TO C:The U.S. money market is a wholesale market for short-term, high-quality debt instruments. Original maturities are one year or less, much of the trading is in very short maturities, and there is usually a very active secondary market. There is no central exchange. Trading is carried out on an over-the-counter basis in the trading rooms of investment dealers and banks, working with electronic communication rather than communicating face-to-face. The dollar size of individual trades is large; $100 million is not uncommon. The total market volume runs to hundreds of billions of dollars each day.The money market serves two primary purposes. First, it provides the means by which the Fed can implement monetary policy as developed by the Federal Reserve Board. The open-market operations of the Fed involve the purchase or sale of government securities, which, in turn, control commercial bank reserves, credit expansion, and the money supply.The second function of the money market is that of any capital market, to move resources from sectors with surplus funds to those in a deficit position.The principal instruments in the U.S. money market include Fed funds, treasury bills and government agency notes, Eurodollars, certificates of deposit, commercial paper, banker's acceptances, and repurchase agreements.III.C TO E:金融市场可分为一级市场和二级市场。

金融英语听说课件unit3banking

Personal banking services: Provide financial services to individuals, including deposit accounts, loans, investment advice, and other personal financial services.
Banking business processing
CATALOGUE
02
客户身份验证
账户类型选择
签署协议
账户开通
01
02
03
04
银行工作人员会核实客户的身份信息，以确保账户的安全性。
客户可以根据自己的需求选择合适的账户类型，如储蓄账户、支票账户等。
客户需签署开户协议，明确账户的用途和相关责任。
银行系统会根据客户提供的资料开设个人或企业银行账户。
客户向银行提供取款凭证，如银行卡、存折等。
取款凭证
银行工作人员会核实取款金额，并确保账户余额足够。
取款金额确认
客户可以选择柜台取款或ATM机取款。
取款方式选择
银行会记录每笔取款的日期、金额和账户信息，便于客户查询。
取款记录
Banking Business Exchange
Mobile banking services have brought great convenience to customers, and have become an important trend in the development of electronic banking business.
Customers can access online banking through personal computers, mobile phones, or other devices with internet access to conduct financial transactions, query account information, and other services.

金融专业英语Lesson3_cn 金融市场

金融市场第3课单词“金融”，标志着以货币形式，也就是，在借出或借入资金的形式，通常为资本的目的，资本，通过金融市场或金融机构。

当资金进入国际，它是那么一个国际金融。

什么是金融市场？这是一个地方发生的金融交易。

当金融交易之间发生了一个国家的居民和非居民的地方，它是一个国际金融交易，以及那里的交易买卖号称国际金融市场。

金融市场包括外汇市场，货币市场，资本市场和黄金市场。

通过对资金流动的金融市场可分为不同的阶层，这取决于金融债权被交易的特点和不同群体的需求。

在金融体系中最重要的部门之一，是与货币市场与资本市场。

货币市场是专为短期贷款。

这是该机构通过这些个人和机构的资金满足借款人的临时盈余有临时资金短缺谁。

因此，货币市场，使经济单位（主要是商业机构和政府）为管理流动资金。

按照惯例，贷款担保或一年内到期或以下被认为是货币市场工具。

对货币市场的主要职能之一是财务公司的营运资金需要，并提供有关的税收代替短期资金的政府。

货币市场还为证券和商品投机性买盘资金。

由于大多数贷款和货币市场交易的证券都很大，通常以百万美元的单位，它通常被称为一个批发市场，餐饮为最大借款国。

与此相反，资本市场融资的目的是通过企业，政府和家庭长期投资。

在资本市场资金交易成为可能，工厂，办公楼，公路，桥梁等在资本市场的金融工具的大小有原始期限超过一年，并从小额贷款范围的建设非常大的，多万美元信贷。

因此，在这两个批发（大）的贷款和证券及零售业（小）的贷款和证券资本市场交易。

在以下，我们将着眼于资本市场的研究。

如上所述，资本市场是指交易市场与贷款期限一年以上提到的，它也被称为中期和长期资本市场。

有两种类型的资金对资本市场，即，中期和长期的银行贷款和证券交易。

因此，资本市场，具体而言，可分为中期和长期的银行信贷市场和证券市场的分歧。

1。

中期和长期的银行信贷市场。

这是银行提供中期和长期信贷资金。

通过市场的中期和长期资金的供应和需求双方实现财务通融。

在市场需求方面主要是政府，工业和商业企业。

金融英语PPT教学课件 Unit3 Commercial Bank and its Services

Introduction to Commercial Bank The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy.（确保经济和社会的稳定和经济的可持续发展）
Commercial Bank Operations Liabilities operations 1)Accepting Deposits 2) Borrowing Operations
Assets operations 1)Discounting Bills of Exchange 2) Loans 3) Securities Investment
Borrowing Operations • It mainly includes rediscounting or borrowing from the central bank, inter-bank borrowing, the issuance of financial securities, borrowing from the international money market, and the occupation of short-term capital in the process of settlement.
Accepting Deposits
• A primary function of money is its use as a means of payment. • Consequently, one of the most important reasons for becoming a bank depositor is to use the payment facilities of the commercial banking system.

中职教育-国际金融英语课件：Unit 3 The World Bank group.ppt

4. Multilateral Investment Guarantee Agency (MIGA) Est.1988, promotes foreign direct investment in developing countries
5. International Centre for Settlement of Investment Disputes (ICSID) Est. 1966, facilitating the settlement of investment disputes between governments and foreign investors
4. Saving Children—reduce the under 5 mortality rate.
Millennium Development Goals
5. Caring for Mothers—reduce the maternal mortality rate.
6. Combating Diseases—such as AIDS/HIV, Tuberculosis, malaria, and other major diseases.
2. Educating All Children—ensure that all children complete primary education.
3. Empowering Women—eliminate gender disparity in primary and secondary education.
Japan, UK, and US
Board of Governors
Made of up representatives from member countries Typically, the representatives are ministers of finance or ministers of development.

大学金融英语chapter 3 Monetary Policy

monetary policy
Notes
I. New Words 1. outflow n. 流出（指资金流向国外，与其相对的是inflow） 2. to boost vt. 增加 = to increase 3. instrument n. 本文中当“工具”讲=tool 4. quarter n. 一个季度= of a year 5. sustained a. 持久的，持续的= continuous 6. contraction n. 收缩
Tight monetary policy
It refers to a reduction in the nation’s money supply and a rise in interest rates. Tight monetary policy discourages investment and tends to lower income and imports. In addition, tight monetary policy can lead to a short-term capital inflow.
Notes
II. Useful and Idiomatic Expressions 1. to lead to... 导致= to result in 2. the first and foremost首要的（当副词用时，不加the） 3. to receive sth. from... 从……获得…… 4. to conflict with... 与……发生冲突 5. be consistent with... 与……相一致 6. to take on greater importance变得更加重要
Notes
III. Key Terms 1. GDP (gross domestic product) 国内生产总值 2. GNP (gross national product) 国民生产总值 3. easy or expansionary monetary policy宽松的或扩张性货币政策 4. tight monetary policy紧缩的货币政策 5. full employment充分就业 6. open market operations公开市场业务（操作） 7. discount policy贴现政策 8. reserve requirements法定存款准备金规定

国际金融英文课件3

• Example: The dollar price of a £50 sweater with a dollar exchange rate of $1.50 per pound is (1.50 $/£) x (£50) = $75.
Exchange Rates and
International Transactions
- It is able to open for business in different financial centres and banks and other institutions are able to trade various currencies 24 hours a day aside from possible minor gaps on weekends.
- Although geographically dispersed in numerous financial centres around the world, these dealer institutions are linked to each other through telephones, computers, and other electronic means.
-The term currency is the numerator and the base currency is the denominator. When the numerator increases, the base currency is strengthening and becoming more expensive; when the numerator decreases, the base currency is weakening and becoming cheaper.