B) Say what you have learnt from the text about international banks.

Date: 2015-10-07; view: 425.

A) Open the brackets putting the verbs in the correct form.

Ex.6.

Англійський варіант Російський варіант Український варіант

nature природа, характер природа, характер

emerge появляться, возникать з´являтися,

виникати

the former/the latter первый/ последний перший/ останній

(из двух) (з двох)

savings deposit сберегательный вклад ощадний внесок

to lend long предоставлять надавати

долгосрочные ссуды довгострокові

позики

to borrow short получать краткосрочные отримувати

ссуды короткострокові

позики

real sector реальный сектор реальний сектор

evaluator оценщик оцінювач

screen сортировать, проводить сортувати, проводити

проверку перевірку

expected return расчётная (ожидаемая) розрахункова

доходность (очікувана)

доходність

to issue liabilities выдавать долговые видавати боргові

обязательства зобов´язання

media of exchange средства обмена засоби обміну

velocity скорость швидкість

chequable deposit депозит, который депозит, який

может изыматься може вилучатися

с помощью чеков за допомогою

чеків

publicly traded продаваемые и що продаються і

покупаемые купуються

на фондовой бирже на фондовій біржі

Basic principles of commercial banking best (to demonstrate) in the case of international banks. These institutions are the dominant traders in the Euromarkets and the foreign exchange markets and are very active in some domestic credit and bond markets. The Eurocurrency market (to consist) of banks, commonly referred to as "Eurobanks", which accept deposits and (to lend) in foreign currencies. Most of the banks active in the Eurocurrency market also (to trade) extensively in the foreign exchange markets. The Eurobanks concerned include some of the largest banks in the world.

Eurobanks are typically London branches of these large international banks and primarily (to engage) in intermediation in short-term deposits denominated in currencies other than Sterling. Eurosterling dealing (to take) place outside of British jurisdiction. The large American and Japanese banks (to dominate) the Eurocurrency business, but major British banks also (to be) very active throughout the 1980^!s. Some of the large world commercial banks also (to form) "consortium" banks as special purpose joint ventures set up to deal in the Eurocurrency market. From the parent bank's point of view, the Eurobank branch or consortium (to be) able to operate outside the range of domestic banking regulations and therefore (to achieve)
considerable cost economies due to the absence of reserve requirements and other regulatory costs. International co-operation on capital adequacy standards (to begin) to erode this privileged position. As a result, the global financial intermediation activities of international banks are now increasingly subject to some form of international control. A further advantage of Eurobanking (to stem) from the scale of borrowing and lending in this market. This means that major economies of scale can be realized by banks. These factors explain why Eurocurrency deposit and lending rates fall within the equivalent domestic values. Thus the Eurosterling loan rate (to be)
lower than the British domestic bank loan rate and the Eurosterling deposit rate (to be) higher than the British deposit rate. The resulting very narrow profit margin in the Eurocurrency market is only possible due to the transaction and regulatory cost savings achievable in this market compared with equivalent domestic markets.