1financialmarket金融市场.ppt

Financial  English Dancy Tel:696355 Financial markets: Definition Finance ? financial market? Difference between direct and indirect financing? International financial transactions include? Infrastructure Resident Belong to High tech LC letter of credit Function Two fundamental types of financing: 1. debt financing 负债融资 2. equity financing 发行股票融资 Debt financing 负债融资 Debt financing means borrowing money that is to be repaid over a period of time, usually with interest. Debt financing can be either short-term or long-term, intermediate-term. 债务融资方式指要在一段时间内偿还的借款，通常包括利息。 债务融资可以是短期或长期的,或中期的。 The lender does not gain an ownership interest in your business and your obligations are limited to repaying the loan． 贷款人不能获得您的企业的所有者权益和您的义务只限于偿还贷款 advantages Debt financing is attractive because you do not have to sacrifice [’s?krifais] any ownership interests in your business, interest on the loan is deductible [di‘d?kt?bl], and the financing cost is a relatively [’rel?tivly] fixed expense. 债务融资是有吸引力的，因为你不必献出您的业务的所有者权益，贷款利息是可扣除，以及融资成本是相对固定的费用。 The debt financing includes: 1. selecting a bank or conventional lender. 2.common types of bank loans. 3.direct and indirect costs. 4.what banks look for 1.选择一个银行或传统的贷款人。 2.常见的银行贷款类型。 3.直接和间接费用。 4.银行寻找什么 5.asset-based financing. 6.leasing 7.trade credit 8.life insurance companies. 5.基于资产的融资。 6.租赁 7.贸易信贷 8.人寿保险公司。 Equity financing 发行股票融资 Equity financing describes an exchange of money for a share of business ownership. 股权融资指的是钱和企业所有权股份的交换。 This form of financing allows you to obtain funds without incurring debt; in other words, without having to repay a specific amount of money at any particular time. 这种融资形式可以让您获得资金，而不会产生债务; ?换言之，无须在特定时间偿还具体数额的款项。 disadvantages The major disadvantage to equity financing is the dilution [dai‘lju:??n] of your ownership interests and the possible loss of control that may accompany a sharing of ownership with additional investors. 股权融资的主要缺点是您的所有者权益被稀释，