《金融专业英语》课件-Chapter-2-Financial-Institutions.pptVIP

* * * * * * * * * * * not technically banks but provide some of the same services as banks. Savings and Loan associations（储蓄和贷款协会） also known as SLs or thrifts typically offered lower borrowing rates than commercial banks and higher interest rates on deposits Credit Unions（信用机构） Credit unions are almost always organized as not-for-profit cooperatives Like SLs, credit unions typically offer higher rates on deposits and charge lower rates on loans in comparison to commercial banks there is one particular restriction on credit unions: membership is not open to the public. In recent years, though, these restrictions have been eased considerably, Quasi-banking institutions（准银行机构） 2.4 Security Firms Sales Underwriting and Financing Trading Research and Portfolio Administration Sales department（销售部门） Retail sales: it is the area that individual retail investors interact with the most 零售销售，与个人散户投资者接触最多 Institutional sales: It is primarily involved in selling new securities issues to traders working at institutional client firms, such as pension funds and mutual funds. 机构销售，主要是向在养老基金和共同基金等机构工作的交易员出售新发行的证券 Underwriting and financing department（承销和融资部门） coordinates new securities issues and/or follow-up securities issues on the secondary market. the corporate finance department would require familiarity with stocks, bonds and other securities the government department might be more geared toward bond and Treasury bill issues. Security Firms（证券公司） Trading department（交易部门） The stock-trading department The bond-trading department Other specialized financial instruments Research and portfolio department（研究与投资组合部门） supports all other departments consists of economists, technical analysts, and research analysts who specialize in specific types of securities or specific industries Administration department（行政部门） maintains proper paperwork and accounting for all trades and transactions 保存文档和会计记录 ensures compliance with securities legislation