Лекции по английскому языку для изучающих банковское и финансовое дело. Лекции по английскому языку для изучающих банковское и финансов. Составитель Н. А. Самуэльян
 Скачать 1.68 Mb.
|
|
ENGLISH for BANKING Рекомендовано Государственным комитетом Российской Федерации по высшему образованию в качестве учебного пособия для студентов высших и средних специальных учебных заведений ПОСОБИЕ по английскому языку для изучающих банковское и финансовое дело Москва, Издательство «Менеджер» ББК81.2 С 27 English for Banking. Пособие. Составитель Н. А. Саму-эльян. — М.: Издательство «Менеджер». — 240 с. Part One Предлагаемое пособие знакомит читателя со специальной английской банковской лексикой и терминологией и расширяет знания в области банковского дела и финансовых отношений. Пособие предназначено для работников банков, студентов финансовых вузов и курсов, бухгалтеров, а также широкого круга лиц, интересующихся данной тематикой. © Издательство «Менеджер». ISBN 5-8346-0103-0 Unit One The Structure and Functions of a Bank Active Vocabulary account accountant board of directors capital clerk current account deposit account depositor dividend draw upon an account (v) invest (v) interest joint slock loan profit reserve run the hank (v) shares shareholder slateinen t standing order
Dialogue Read Иге dialogue in purls. Student: Who really owns the bank? Banker: The stockholders own it. In the beginning, they put up the necessary capital and were granted a charier from the government. 5..- Are the members of the board of directors stockholders? В.: Oh, yes. They're chosen by the other stockholders to operate the bank. S.:And the board hires Ihc presidcnl and Ihc vice-prcsi- denls lo manage H? B.: Thai's right. Along with the cashier, the tellers and the clerical workers. 5.: 1 guess most of your work has lo do wilh checking and savings accounts and making loans. B.: Yes. But we invest money loo. Planning the bank's investments is also very important. S.:Do you divide all the profits among the stockhold- ers? B.: Not all of them. The stockholders receive regular dividends. But some of our earnings are held in reserve accounts. S.:1 suppose thai would be necessary. B.: Here's a copy of our lasl published statement. You see, the reserves are shown here as surplus and undivided profits. Questions on the dialogue:
b1. Whal are the bank's main activities?
Text 1 As you read the passage, find the. answers to the questions given below. The English commercial banks have branches in all the major towns and a similar structure and mode of working is common to them all. The owners are the shareholders. At the outset they provdde the necessary capital. They arc all organised on the joint stock principle and are registered public companies. The Chairman and Board of Directors are elected by the ordinary shareholders at the Annual General Mectingand arc responsible for the efficient management of the bank. The Board is concerned with the overall policy of the bank and the major decisions which put that policy into effect. The Board will appoint a Managing Director who is directly responsible to them and a member of the Board. They will also appoint the most senior executives who in turn appoint the rest of the clerical staff who will be responsible in different capacities for the day to day running of the bank. The essence of a bank's activities is the collection of deposits through current accounts and deposit accounts and the use of these funds to provide loans or funds for investment. The current account is the one commonly held and is drawn upon by cheques and standing orders. The deposit account is more in the nature of a savings account. The pattern of investments which a bank decides upon is crucial because, on the one hand, the bank must use the funds wisely to make a profit and, on the other, funds must be available for depositors to withdraw when they wish to do so. At the end of each business year the Directors recommend and the Annual General Meeting decides how much of the profit should be distributed to the shareholders as dividend, and how much should be retained in the business. In preparation for the Annual General Meeting, a bank publishes its Report and Accounts. These must be sent lo every sharc- holder and are also available for anyone with an interest in the affairs of the bank. From the published accounts shareholders can easily determine the total profits the bank has earned and how much is available for distribution, Questions on the text:
Vocabulary Exercises Comparison of American and British terms. The dialogue deals with the structure and functions of an American bank, while the text describes an English commercial bank. There are some differences in American and British terminology. Find American terms corresponding to the British ones given below. British terms American terms accountant cheque current account deposit account managing director rej>orl and accounts retained and undistributed profits to run a bank shareholder 6 II Terms
Definitions a) a sum of money paid to a shareholder out of profits in relation to his investment h) an account in a hank from which money can be drawn hy cheque
e) an account in a hank on which the depositor receives interest Money which one person allows another to use for a specified-time and which will then he returned is: a) investment, h)loan, c) interest. IV Using the information in the passage, say what is true and ivhal is false. Correct the false sentences
III Choose the right answer: 1. The people who decide the general policy of the hank are: a) shareholders, h) the hoard of directors, c) the executive staff. 2. The hank's financial position can he discovered from:
3. Bank profits kept -hack for later use are: a) withdrawals, h) surplus, c) retained profits. 4. Earnings remaining after all the expenses of a business ac tivity have l)een paid arc: a) dividend, h) capital, c) profit. Using suffixes -er, -or, -ier, -ent, -ial, etc., give nouns which are related to the following: hank invest cash manage direct office deposit own execute work hold VI Find synonyms ever necessary: lo own lо run to collect •for the following. Use a dictionary when- lo appoint lo distribute to receive 8 VII Find the nouns lhal are qualified in the passage by these adjectives and make, up sentences of you own: clerical over-all necessary day to day published total VIII Explain the following:
IX Fill in the blanks with proper words or phrases:
called a ...
the profits once or twice a year. 5. The may be h igh even after all the bank's expenses are paid. 6. A bank will need to seek approval for a large to a cus- tomer. 7. The Board will discuss the bank's in other businesses.
Text II Read the passage, and find answers to the. following questions: 1. Why did the banking industry grow quickly over the period of last 10 years? 2. What did the Nat West do to meet the increasing demand for its services'?
the customer? 6. Which clerk sees to the customers' regular payments l>eing made on lime?
fairs? 10. Which clerk safeguards the bank's interests in lending money? 11. Which job in the bank offers the bcsl opportunities to exercise one's own judgement? X Make sentences oft/our own: 1. to put up the necessary capital 2. to be registered as a public company Job-Career-Profession The banking industry has «-hanged radically over the lasl 10 years. As part of that industry National Westminster Bank has grown quickly and is still growing. We have more cus- 10 11 lomers lhan ever before, people who have realised thai having a hank account is a greater help in organising Ihcir financial affairs. Nal West has built a range of financial services so diverse lhal we can now offer lo our customers assistance across the whole range of money matters — from simple things like cashing cheques and looking after savings to the complexities of insurance, taxation and investment. It takes a lot of people lo run one of the biggest and mosl 'efficient financial organisations in the world. Our clerical jobs are graded from J lo 4 according lo Ihc demands and responsibilities of each particular position. Grade 1. This is the mosl junior of Ihe clerical jobs. Because we believe in a system of progressive promotion, everyone slarls here, no matter whal they see as Iheir ultimate role. You will probably begin by preparing customers' statements, sorting cheques and learning to use accounting machines. Grade 2. Work in this grade gives you more personal contact with the customers. This is particularly so when looking after Ihe enquiry coupler, helping Ihe customers lo solve any problems they may have wilh Ihcir accounts, answering their questions, outlining the bank's services. Other grade 2 jobs which you could find yourself doing include controlling your Branch's records. Duties cover opening new accounts, transferring existing accounts lo and from our many Branches throughout the country and ensuring lhal information relating lo your customers is kepi up lo dale. Then Ihere is Ihe Standing Order Clerk. Many of our customers arrange for regular payments lo be made from Ihcir accounts for such items as mortgage deductions, insurance premiums and subscriptions. 11 is the Standing Order Clerk who ensures that these payments are made correctly and on time. Perhaps the best known of all Ihe jobs in banking is lhal of the cashier and thai is usually a grade 2 job. Al the counter you will meet many different people, your own customers, customers from other branches and banks as well as people who do not have a bank account. You will be dealing wilh many thousands of pounds every day so accuracy is vital. Grade 3. By Ihe time you reach Ihis slage the work is becoming more complex and each job carries a greater degree of responsibility. Being a foreign clerk, for instance, means lhal you will be dealing wilh customers' Iravel rcqujremenls, supplying foreign currencies and Iravel cheques and assisting with passport applications and Iravel insurance. The Sale Custody Clerk helps customers lo manage Iheir financial affairs, acting on Iheir behalf to buy or sell slocks and shares, obtaining advice from stockbrokers, or arranging insurance cover. Also Ihcre are valuables and documents, which customers deposit at Ihe branch for safe keeping, to be looked after — which explains the lille of Ihe job. Grade 4. This is Ihc senior of the clerical grades and contains among others the jobs which really involve you for the first lime in one of Ihe bank's major aclivitics — lending money. Whether the loan is lo a privalc individual, lo a small business or lo a large industrial company the bank will often require some form of security lo be provided by Ihe borrowers as lo reduce the risk lo the bank. Such security can conic in many different forms including mortgages over houses or life policies and there are several legal formalities lo be completed before the bank's interests arc fully safeguarded. Dealing wilh these formalities is Ihe job of Ihc Security Clerk who naturally works closely wilh Ihe Branch Manager. Even more involved wilh Ihc Manager is Ihe Manager's Clerk who acls as a Personal Assistant providing all the in-formalion needed for the day to day control of accounts. As Manager's Clerk you will be given opportunity to exercise your own judgement in a number of matters. Adapted from National Westminster Bank's booklet. 12 13 identification in lieu of issue (v) legal tender mature (v) negotiable payee payer sight draft Unit Two Currency and Other Forms of Exchange Active Vocabulary accept a bill (v) bank draft bank money order bank nolc, note, bill (US) bearer bill of exchange cash (v) cashier's check (US) certificate certified check ;.- certify (v) i cheque, check (US) traveller's cheque coin creditor credit standing currency denomination discount a bill (v) endorse/indorse (v) forms of exchange honour a bill (v)
- дисконтировать вексель
— акцептовать вексель
по кредитным обязательствам — плательщик но кредитным обязатель ствам — вексель на предъявителя Dialogue Read Hie dialogue. Student: The bank must use just about every form of exchange in a day's work. Cashier: Just about. Of course, we constantly handle coins and bills of every denomination. S.:They're what you call legal lender. C.:Yes. Or currency. A nation's currency is its legal tender. But a check isn't legal lender. No. However checks are a very common form of exchange, and they are generally accepted in lieu of currency. S.: Are traveller's checks currency? C.: Not in a slricl sense. Bui Ihey're immediately ne- gotiable everywhere. For instance, even merchanls will cash them under mosl circumslances. S.:The bearer need only present proper identification. C.:Thai's righl. S.: Well, whal's a bank nole? Is lhal currency? C.:Definitely. Bank notes arc issued by the banks of 14 15 the Federal Reserve System, and they're legal lender just as silver certificates are. Thai's what 1 thought. But gelling haek to checks, why are bank drafts sometimes preferred over checks? S.: С.. 5.: С.: Well, in the case of a check, Ihe parly who signs it is the only one who guarantees payment. But a bank draft is issued and guaranteed by a bank. Is that true of cashier's checks, too? Yes. And also of certified checks and bank money orders. What about sight drafts? Now, sight drafts are different. They're a form of request for payment through a bank. Questions on the dialogue:
Text The work of bank centres around money and financial services. Virtually any activily involving money or advice about financial matters is undertaken by all the commercial banks. The immediate service offered by the bank is the receipt for deposit of coins, notes and cheques and (he cashing of cheques, through current accounts. Coins and notes in circulation have the stalus of "legal lender" lhat is to say they must be laken in payment of a debt although the extenl to which this applies in the case of coins is deliberately restricted for the sake of convenience. The most common means of payment, particularly for significant sums of money, is the cheque since it is both safer and more convenient than using cash. However, it is not legal tender and creditors can refuse to accept it if they wish. Normally both national cheques and traveller's cheques arc readily negotiable if the bearer has some means of proving his identity and the creditor can be sure that the cheque will be «honoured». To assist the use of cheques banks now provide their customers with bankers cards which, when used in association with a cheque, will guarantee it up to a stated maximum. If a customer wishes to make payments of large amounts of money by cheque and is not known to the creditor, then he may obtain a «certified cheque» from his bank. Such a cheque is signed by the bank and therefore payment is guaranteed. Those trading overseas, or in conditions where there may be a significant time lapse between sending out goods and their receipt by the customer, may use a Bill of Exchange as a means of payment. This is really a post dated cheque which assures the creditor payment but also gives the buyer opportunity to inspect the goods before the transaction is completed. Those whose credit standing is unknown may have to get the Bill «accepted» before a creditor will take it. Such a process guarantees payment and most work of this kind is undertaken by the merchant banks. Because Bills arc post dated creditors may have to wait some time for their money. They can overcome this problem by endorsing the Bill and then cither discounting it with a Discount House or a bank or passing it on to another trader in settlement of a debt of their own. By the time it comes to maturity a Bill may have passed through several hands and on each occasion it must be endorsed. The commercial banks participate in this activity in two ways: in |