Download - BANKING
Content
• bank and banking;• the clients of the Central banks;• the functions of the Central banks;• bank services;• modern trends in banking;• negotiating for favourable services, credits and
loans.
A bank is a business that keeps and lends money and provides other
financial services. The business of a bank is called banking.
The functions of the Central bank
Formulation of monetary policy through
Setting interest ratesin short-term period
Keeping inflation and price levelin long-term period
Ensuring the stability of the financial systemsupervising other banks to meet the requirements
Competent management
Adequacy of capital
Adequacy of cash flow
Proper risk management
Printing and distribution of banknotes
Bank services
DEPOSIT operations (transactions)
CREDIT operations (transactions)
PAYMENT operations (transactions)
ADDITIONAL operations
CASH operations (transactions)
CREDIT operations
Bank Client
money
interest rates
Bank considers the reliability of Client, i.e.:•the credit history;•the availability of a steady source of income for individual;•enough collateral or security to use as a guarantee;•perspectives of business etc.
ADDITIONAL operations•intermediary services;
•services directed to the companies’ development (inculcation of the stock exchange, placing shares, juridical help, information services etc.);
•giving guaranties and collateral;
•trusting operations (including consultations and help in the management of the clients’ property);
•providing accounting help to the companies;
•presenting the clients’ interests in the court.
Modern trends in banking
On-line banking
+ -•round-the-clock service;•immediate service;•wide variety of options.
security
Negotiating for favourable services, credits and loans
To negotiate use FIRST and SECOND conditionals:
If-clausepresent tense
Main clausefuture tense
If you open an account with our bank, you will benefit from favourable interest rates.
FIRST conditional
SECOND conditional
If-clausepast tense
Main clausewould+infinitive
If a bank failure occurred, you would lose only interest rates.
Basic glossary
Account an arrangement between a customer and a bank that allows the customer to pay in and take out money
Счет
Credit operations operations of giving loans to bank clients and receiving in exchange interest rates on those loans
Кредитные операции
Deposit operations operations of placing clients’ money into the bank on deposit
Депозитные операции
Inflation a continuing increase in the price of goods and services, or the rate of this increase
Инфляция
Interest rate
the cost of borrowing money, expressed as a percentage over a particular period such as a month or year
Процентная ставка
Monetary relating to money, especially all the money in a particular country
Денежный, валютный
Transfer moving money from one account or institution to another
Перевод, перечисление
Transaction 1) a business deal, especially one involving the exchange of money; 2) the act of paying or receiving money
Сделка, транзакция, операция