国际金融英语实用教程2008.pptVIP

* Questions: 1. What is money? 2. Why does the banker’s acceptance make the time draft more liquid? 3. What happens as a result of the fact that the bank stamps “accepted on the face of the draft? 4. What are the similarities and differences between Forfaiting and Factoring ? 5. Why are borrowers in a syndication generally willing to pay wider spread in order to obtain a longer grace period? 6. Why do banks establish correspondent banking relationship? * 7. What is the difference between a documentary collection and a letter of credit as a term of payment in international trade? The documentary collection is a kind of trader’s credit, in which although the banks involved provide services but the banks act only as an agent. It does not provide financing, nor does it substitute its credit for that of the exporters. The seller endorses the bill of lading in blank and takes all the documents to his bank, along with his draft drawn on the buyer. This is different from the letter of credit, in which the draft is drawn on the buyer’bank, i.e. the issuing bank, which not only provides financing but also substitutes its credit for that of the buyer. * 8. What are the basic principles available in the operation of insurance? 9. How long do businesses, governments and individuals usually borrow or lend funds in the money market? 10. Why do businesses and governments issue bonds and securities in the capital market? 11.What the differences between money market instruments and capital market instruments? * Lesson 10 Trust Services Information The conception of trust business may be expressed by the way that any customer himself or on behalf of a third party entrusts a bank or a trust company to operate, manage, keep in custody or handle whatever means or property or funds belong to him or the third party, and takes the profits yielded therefrom. Thus, a fiduciary relationship is established between the customer and the bank or trust company. *