金融英语课件(unit 1).ppt

金融专业英语,Finance English,Unit One Part A The Bank of England,教学目的与要求（Teaching targets）：help students get a brief understanding of the history and the function of the Bank ofEngland;study some specialized words and expressions related to bank business;some new basic English vocabulary 教学重点(Emphases and difficult points）：some important vocabulary:banknote,joint stock company,acquisition,monetary polices,lender of last resort,liquidity,bank run,IMF,IBRD,financial institution,etc.;transformation,empower,directives,comply(with),implement,oversee,supervisory,registration；the understanding about the history and function of the Bank of England.the brief knowledge of the banking system in China.Some specialized English words.,Whats the Chinese meaning of finance?“财务”-from the micro scope“金融”-from the macro scope What is finance?Finance is the science of management of money,banking,investment,and credit.,the banking system in China,1.the central bank-the Peoples Bank of Chinabankers bank,to issue the national currency in China,governments bank2.the policy banks-China Development Bank,The Export-import Bank of China,Agricultural Development Bank of Chinainvested by the government,specialize in the financial business according to the governments decisions,non-profit3.state-owned commercial banks-Industrial and Commercial Bank of China,Bank of China,China Construction Bank,Agricultural Bank of China.To take in the public deposits and loan out the long-term,medium-term and short-term advance,inter-bank business4.other commercial banks-Citic Industrial Bank,Shanghai Pudong Development Bank,etc.,The functions of any central bank(Bank of England is British central bank),1.central bank2.bankers bank 3.lender of last resort4.market intervention5.international role6.domestic supervisory responsibilities,History of Bank of England,1.The revolution of 1688 gave England the political stability,but the public finances were weak and the system of money and credit was in disarray.William Paterson envisaged a loan to the government,in turn for the“Governor and Company of Bank of England”.2.The Royal Charter was sealed on 27 July 1694,and the Bank was formed for the sole purpose of financing the war against France.3.By virtue of the Bank Charter Act 1844,the Bank of England get its sole power to issue banknotes.4.The Bank of England Act 1946 allowed the States acquisition of the Bank-a transformation of the Bank from private to public ownership.5.The Banking Act 1979 gave the Bank of England even more power to control the operations of the deposit-taking institutions.,Language Points(语言点）,1.by virtue of=because of 由于，因为 eg.He was exempt from charges by virtue of his ply with 按要求，顺从 eg.She was told to pay the fine,but refused to comply.3.joint stock company=stock company stock 股份（the difference with shares:shares 不按固定数目发行.eg.Invest in stocks and shares 投资证券）stockbroker 股票经纪人stockbroking 股票经纪业务 stock certificate 股票，股份证书certificate for the purchase of shares stock exchange 股票交易所stockholder 股票持有人 stock-market 股票市场,Language Points(语言点）,4.charter n.特许状priviledges granted by royal charter 皇家特许状所给特权章程，宪章；包租chartered adj.(有皇家特许状的专业协会的规章)合格的eg.A chartered engineer,accountant 特许工程师，特许会计师charter flight 包机航班5.issue n.流出；发行（物）（报刊）期号；问题，争端，论点issuance 发行 an issue of blood流血monetary issue 货币发行 the lastest issue最近一期 the burning issue of the day 燃眉之急的问题currency issue 货币发行current issue 现期刊物economic issue 经济问题excess issue 超额发行par issue 平价发行,Language Points(语言点）,6.acquisitionknowledge acquisition 知识收集 language acquisition 语言习得lump-sum acquisition 总价采购real estate acquisition 不动产购置7.finance n.财务；金融；资金v.为（计划等）提供资金，提供款项 finance company=finance house 信贷公司，财务公司8.treasury n.宝藏，宝库，财政部treasury bill 国库债券Treasury Board 财政委员会the Treasury Department 财政部financial treasury 财政金库,Language Points(语言点）,9.discount n.折扣，贴现bank discount 银行折扣，银行贴现cash discount 付现折扣compound discount 复利贴现customary discount 行例折扣fellow-trader discount 同业折扣forward discount 期货折扣10.clearing 清算bank clearing 银行之间的划拨结算exchange clearing 外汇清算multilateral/bilateral clearing 多边/双边清算,Exercises and Key to Exercises,（1）1.英格兰银行 Bank of England 2.银行营业部 Banking Department 3.股份公司joint stock company 4.接受存款机构 deposit-talking institution 5.规章制度 rules and regulations 6.执行货币政策 implement monetary policy 7.贴现行 discount house 8.公众利益public interest 9.国际货币基金组织 International Monetary policy 10.世界银行 World Bank（2）ACBCD(3)Some questions:What are the functions of the central bank?When was the Bank of England founded?,Unit One part B The Federal Reserve System,教学目的与要求（Teaching targets）：help students get some knowledge of American banking system-The Federal Reserve System and the benefits of being a member in the Federal Reserve System and study some important specialized words related to American central banking system 教学重难点(Emphases and difficulties）：some important vocabulary:Federal Reserve System,electronic fund transfer,reserve account,discount window,collection system,wire transfer service；The three major benefits of being a member of the Federal Reserve System,esp.the borrowing ability,that is how to control money supply by discount rate.Some related words.,the central bank system in the United States:FED-The Federal Reserve System.the central bank system in Britain(part A):Bank of EnglandNow,lets turn to the FED.Please try to find out the differences between the central bank system in British and the United States.,Background knowledge to FED,FED-The Federal Reserve System like most industrialized nations,the United States has a central bank to meet certain needs of its complex economy and financial system.Unlike most certain banks,however,the U.S.Federal Reserve System is,in a sense,a“decentralized”central bank.Established in December 1913 by The Federal Reserve Act,The Federal Reserve System was designed to address the conditions underlying the money panics that had troubled the country for many years.,The FED comprises:,1.the Board of Governors(联邦储备委员会)2.the 12 Reserve Banks(12个区域联邦储备银行)3.the Federal Open Market Committee(联邦公开市场委员会)4.the Federal Advisory Council(联邦咨询委员会)5.the member banks(14,537)（成员银行）,the Board of Governors-is composed of 7 members.Their appointments are made by the President of the United States,and confirmed by the Senate.Members are appointed for terms of 14 years.,the 12 Reserve Banks-each of the 12 Federal Reserve Banks serves a district and each has 9 directors.Three of them are class A directors,who may be bankers,three are class B,who must be actively engaged in the district in Commerce agriculture,or some other industries,three are class C,who are designated by the Board of Governors of the Federal Reserve System.,the member banks(14,537)comprise National banks(国民银行)and State banks(州注册银行),Three major benefits accrue to commercial banks through their membership in the FED:1.check clearance 2.electronic fund transfer3.borrowing ability:,borrowing ability:discount rate decreases banks borrow more money supply increases interest rate decreases stock price increases,Language Points(语言点）:,1.accrue(to)增长knowledge will accrue to you from reading.读书能增加知识。Interest accrues to a man from loan.提供贷款则利息自生。2.boost 推进，往上推，增加，提高to boost price 提高价格We need to boost our spirits.我们要鼓舞士气。3.transfer account transfer 转账账户bank transfer 银行转账transfer of title 产权转让transfer of ownership 所有权转让intra-company transfer 公司内部转让letter transfer 信汇,Language Points(语言点）:,4.expedite v.加速,派出Please do what you can to expedite the building work.请尽管加快建筑工作5.access(to)使用的机会，权利Students must have access to a good library.学生有权利使用好图书馆6.the Federal Reserve System=FED 联邦储备系统electronic fund transfer 电子资金划拨check clearance 支票交换wire transfer service 电告资金划拨服务 discount window 贴现窗口stock market watchers 证券市场监督员last resort 最后贷款credit availability 信用，可发放的贷款,Exercises and Key to exercises,(1)1.联邦储备系统 Federal Reserve System 2.电子资金划拨 electronic fund transfer 3.支票清算 check clearance 4.准备金账户 reserve account 5.收款系统collection system 6.电告资金划拨服务 wire transfer service 7.贴现窗口 discount window 8.证券市场监督员 stock market watcher 9.紧急基金 emergency funds 10.最后贷款 last resort(2)BDABC(3)Question:what are the differences between the central bank system in British and the United States?,Unit One Part C Correspondent Banking,教学目的与要求（Teaching targets）：Help students understand a major business in American banking;Study some words.教学重难点(Emphases and difficult points):some important vocabulary:correspondent banking,capital market,incorporated bank,electronic banking,holding-company,payments mechanism,correspondent bank,deposit balances,bookkeeping service,consolidation of purchase;the understanding about one of the US bank business-correspondent banking.some important specialized vocabulary.,Detailed explanation:,It consists,basically,in some banks holding deposits in other banks just as individuals and other businesses do.代理银行业务基本上是由一些像个人或其他企业一样在其他银行有存款的银行组成。Corresponding banking is a very traditional form of banking in the United States-virturally as old as our banking system itself.代理银行业务在美国是一种非常传统的银行业务-实际上就像银行系统本身一样古老。As has been stressed,the banking system plays a central role in the payments mechanism of the United States,and to be effective in a country such as ours a payments mechanism must be nationwide.正如所强调的那样，银行系统在美国的支付机制中起主要作用。在我们这样一个国家，支付机制要想有效必须是全国性的。,Language Points(语言点）,1.correspondent n.通信记者，通信者 a war correspondent 随军记者2.overlook v.&n.俯瞰，俯视，忽略overlook a valley from a hill 从山上俯视山谷overlook the accounts 检查账目overlook a fault 饶恕一个过失You have overlooked several of the mistakes in this week.忽略3.incorporated 使合并，并入Your idea will be incorporated in the plan.把你的意见编入计划。Mr.Smiths firm incorporated with others last year.公司与别家合并。,Language Points(语言点）,4.mechanism 机构，机制exchange mechanism 交换机构exchange rate mechanism 汇率机制safety mechanism 安全机构the mechanism of government 政府机构 5.reciprocal adj.相互的，互惠的reciprocal love 相爱reciprocal treaty 互惠条约reciprocal tariff 互惠关税reciprocal trade 互惠贸易,Language Points(语言点）,6.balance 平衡The child couldnt keep his balance on his new bicycle.收支差额，余额 a bank balance 银行余额May I take the balance of my holidays next month?我能否在下月使用没休完的假？7.bookkeeping n.簿记，记账commercial bookkeeping 商业簿记double entry bookkeeping复式簿记position bookkeeping 头寸簿记,