Unit 4 financial instruments 财经英语课程资料.docxVIP

Unit 3 Financial instruments 金融工具 1. Financial instruments： They are the legal documents that embody monetary value货币价值. For example: there is the cash instrument现金工具 which include cash, checks or funds. 2. Classification of financial instruments金融工具的分类 2.1 from the duration 周期 of financial instruments A. Short-term financial instruments: commercial paper(CP)商业本票，bankers’ acceptance银行承兑汇票，negotiable certificate of deposit（CD）可转让存单，treasury bill 国库券, short-term government bond短期政府债券 B. Long-term financial instruments: stock股票，debenture公司债券，derivative instruments 衍生金融工具, financial bond金融债券，long-term bonds长期债券，medium-term bonds中期债券 2.2 from the aspect of whether related to actual financial activities or not 是否与实际金融活动相关 A. Basic instruments 基本金融工具 B. Derivative instruments 衍生金融工具 3. Traditional financial instruments 传统金融工具（即常用的金融工具） 3.1 short-term financial instruments (1) commercial paper(CP) 商业本票 An unsecured obligation issued by a corporation or bank to finance 融资 its short-term credit needs, such as accounts receivable 应收账款and inventory 存货. Maturities typically range from 2-270 days but average about 30 days. (2) bankers’ acceptance(BA) 银行承兑汇票 A banker’s acceptance is issued by the customer and is an order for the bank to pay a provider of goods 商品供应商 a certain amount of money at a predetermined date, often used in importing and exporting. (3) negotiable certificate of deposit(NCD) 可转让存单 It is a fixed deposit receipt 定期存单issued by a bank that is negotiable in the secondary market for financial assets. It contains the following information: 这里的绿色内容不需要编写在对话中 1. name of issuing bank 发行银行名称 2. issue date 发行日 3. maturity date 到期日 4. amount of the deposit 存款金额 5. rate of interest per cent per annum 每年百分之几利率 6. maturity value(amount of the deposit plus interest-short) 7. interest dates(long NCDS) 计息日期 (4) treasury bill 国库券 It is a negotiable 可转让的debt obligation issued by the government and backed by its