金融英语技能训练Lecture 12 Offshore financial centers.pdfVIP

Lecture 12 Offshore Financial Centers 离岸金融中心 Learning Objectives  Expand lecture-topic-related vocabulary  Take effective notes on the lecture  Retell information from notes  Accomplish listening tasks  Write an effective lecture summary  Expand reading into lecture topic  Translate an article into Chinese  Discuss topics related to offshore financial centers Stage 1 Dictation 1. James Bond 2. brokering 3. holding company 4. fiduciary services 5. Internet gaming 6. aftermath 7. Eurocurrency 8. haven 9. stringent 10.secrecy law 11.Euro-Deutschmark 12.foreign currency interest rate instrument 13.equity derivative 14.custody 15.transfer agent 16.capital tax 17.withholding tax 18.capital gains tax 19.law-abiding 20.legitimate 21.financial disclosure 22.tax evasion 23. money laundering 24.capital flight Stage 2 Listening Comprehension 1.What is offshore financial transaction? 2. What is offshore finance? 3. What happened to Great Britain after World War One? 4. What do offshore financial centers have in common? 5. What are the arguments in favor of offshore financial centers? 6. What are the arguments against offshore financial centers? Answers to Listening Comprehension 1. It is a transaction between foreign lender and foreign borrower. 2. It refers to the provision of financial services by banks and other financial institutions to foreign customers other than local residents. 3. In the aftermath of World War I, the British economy weakened, and London lost its ability to compete effectively with New York for international capital. London’s financial community watched its business slowly disappeared. 4. They share the following features: (1) there are no or low taxes, (2) there are no or few foreign exchange controls, (3) there i