 |
 |
 |
 |
|
 |
 |
79
Unit nineteen
Trade finance
Text
Next morning after having breakfast at the self-sevice bar of the hotel restaurant the participants went to
the conference room to have a lecture on Trade Finance.
There was a folder on the big round table for each participant with the material relating to the lecture.
Here is one of the sheets of the file:
Trade finance
Trade needs finance
This must come from either the trader or from a lending institution.
If the trade is international then the
amount of finance is noimally greater
In general, trade is handled on credit
The buyer pays for the goods at a specified time after receipt
If the trade is international then delivery time adds to the delay in payment
This adds to the need for finance
Also in international trade the buyer uses one currency, the seller another
This requires an organisation with facilities for changing currencies
On both counts the Bank is the best source of finance
Thus this page gave the most important hints on the subject.
And Mr. Hill, the lecturer, explained and developed each statement. The participants sometimes
interrupted him and asked questions. Sometimes Mr. Lvov came to help when there was a problem of
speaking or understanding.
The lecturer devoted some part of the lecture to financing small business companies who usually enjoy
better terms, reduced taxes and other facilities especially during the first years oftheir work.
Words and expressions
nineteen
девятнадцать (числ.)
finance
финансы
to finance
финансировать
next
следующий
next morning
на следующее утро
next evening
вечером следующего дня
next week
на следующей неделе
next lesson
на следующем уроке
breakfast
['brekf
st]
завтрак
to have breakfast
завтракать
folder
папка, скоросшиватель
on
на
round
круглый
table
стол
on the table
на столе
file
папка, досье
to need something
нуждаться в чем-либо
the need for something
потребность в чем-либо
to come from
приезжать из
(came — come)
either ... or ...
['а
...'
]
или или
trader
зд. продавец
to lend (lent — lent)
предоставлять кредит
institution
организация
lending institution
[
nst
'tj
n]
кредитная организация
amount
сумма
great
[
re
t]
великий, большой