银行英语复习

working capital loan流动资金贷款 basic interest rate 基准利率 credit grade信用等级 guarantee modes担保方式 discount on notes 票据贴现 lending institution 贷款机构 mortgage-free home付清贷款的房屋 down installment 首期款 principal and interest 本息和 income tax form 工资税单 loaning procedure 贷款手续 intermediary Service 中介业务 initial amount 起点额度 monopoly car shop 汽车专卖店 提前偿还 to repay in advance 无形资产 intangible asset 账面价值 book value

经营成本 operating cost 营销策略 marketing strategy 应收款项 accounts receivable 财务报表 financial statement 毛利润 gross profit

联合贷款 syndicated loans 微型信贷 micro credit 信用工具 credit instrument 流通票据 negotiable instrument 本票 promissory note 活期账户 current account 挂失业务 loss reporting 个人支票 personal check 损益表 loss and profit statement 国库券 treasury bill 对冲基金 hedge fund 优先股 preferred stock 普通股 common stock 投资银行 investment bank 存款单 deposit certificate 无记名支票 bearer check 经济部门 economic sector

买卖合同 Sale and Purchase Agreement 流动资金 working capital 提前偿还 repay in advance 消费信贷 Consumer credit 公积金 accumulation fund

物业管理费 property administration fee 大额耐用品 large endurables 股东权益 shareholder’s equity 未兑现支票 outstanding check 流动债务 current liabilities 金融衍生品 financial derivatives 现金流 cash flow

信用评级机构 credit rating agency 信用社 credit union

浮动汇率 floating exchange rate 金融危机 financial crisis 母公司 parent company

Talk is cheap when it comes to solving the problem of too-big to fail banks. From the luxury of even today’s stuttering economic recovery, it is easy to vow that next time lenders’ losses will be pushed onto their creditors, not onto the taxpayers.

But cast your mind back into late 2008. Then, the share prices of the world’ biggest banks could halve in minutes. Reasonable people thought that many firms were hiding severe losses. Anyone exposed to them, from speculators to churchgoing custodians of widow’s pensions, tried to yank

their cash out, causing a run that threatened another Great Deprecation. Now imagine being sat not in the observer’s chair but in the regulator’s hot seat and faced with such a crisis again. Can anyone honestly say that they would let a big bank go down?

In the financial crisis, America has created a resolution authority that will take over failing banks and force losses on unsecured creditors if necessary. That is a decent start, but may be too discriminate. The biggest banks each have hundreds of billions of dollars of such debt, including overnight loans from other banks, short –term paper sold to money –market funds and bonds held by pension funds. Such counterparties are likely to run from any bank facing a risk of being put in resolution- which, as the recent crisis showed, could mean most banks. Indeed, the unsecured debt market is so important that far from destabilizing it, regulators might feel obliged to underwrite it.

A better alternative is to give regulators draconian power but over a smaller part of banks’ balance sheets, so that the panic is contained. The Basel club of regulators proposes to do just that by taking a type of debt at the bottom of the pecking order and giving supervisors power to write it off or convert it into equity without triggering a default if a bank is in serious trouble.

Suppose your company plans to invest in Beijing Autogas Systems Co., Ltd., a French company that has provided many alternative fuel systems for users in China. After you have studied the financial statements of the company for the past three years, you find the following points you want to report:

a. The company is a loss-making one which has an average loss of 2 million Euros annually.

b. The company has expensive equipment but doesn’t have sufficient cash flow.

c. The company has a big successful parent company that invests a large sum of money in this affiliate every year.

Write an e-mail to your boss, David Wang, to give him your advice about the investment. Your report should be between 150-180 words.

Suppose you work in a credit office for an investment bank and one of your clients is investing on power plants. This company is considering applying to your bank for a long term loan to build a new power plant

using wind as its source of energy. You have been asked by the manager in your bank to consider whether to approve this loan application. Your report should be between 150-180 words.

Your report should:

a. give a brief description of the loan application (the amount of money and for how long)

b. summarize the current financial position of the investment company c. outline what risks would be involved in providing the loan d. advise the management of your bank on syndicated loans.

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