[金融英语考试密押资料]金融英语中级银行业务模拟1

1、金融英语考试密押资料金融英语中级银行业务模拟1金融英语考试密押资料金融英语中级银行业务模拟1金融英语中级银行业务模拟1SECTION ONE (Compulsory) Now listen to a short conversation and a passage on the tape. This will be played once on the recorder. You may make notes while you are listening, but you should not answer any questions until the reading is over. Q

2、ustion 1 (如需获取本MP3听力录音请搜索标题名) 1. Whats the name of the man who is seeking the mortgage loan?答案:Robert.解析 1-10Personal loanA: Good afternoon, Sir, at your service.B: Oh, thank you. My name is Robert and Id like to make some enquiries concerning mortgage loan facilities offered by your bank. Am I in t

3、he right place?A: Yes, definitely Sir, please take a seat and let me get hold of a mortgage loan application form. Might I know some details about the property you intend to buy?B: I decided to purchase an apartment in Sapphire Court on Stanford Road, south of our town. I have already made my down p

4、ayment last week and now I am trying to get a mortgage loan to finance the purchase.A: Oh, I see. Is Sapphire Court a new development and what is your purchase price?B: No, its a second hand property and as far as I know, it has been 5 years since the building was built. The owner is demanding for 1

5、 million.A: You mentioned that you have paid a down payment. If you dont mind, please tell me how much you have already paid mid the amount of loan you want from the bank?B: I have paid 40,000 to the landlord through the real estate agent and I will just need700,000 from the bank. What interest rate

6、s shall I pay if Im approved to get the loan?A: According to practice, we offer our customer mortgage loans on the basis of prime rate plus 1.5 %. At the moment, prime rate is 8 % so your mortgage loan, if allowed, will approximate to 9.5 %. But we might be able to offer you better terms depending o

7、n your profession. Let me first try to fill out this application form for you. Can I have your ID card please?B: But I might not want a loan from your bank if the terms are not suitable to me. Should I not fill in any form at this stage?A: Sir, the form is just to record the appropriate details and

8、in any case, we will have to conduct an evaluation of the property before we can approve a loan. In addition, we also need your signature when we come to the very end of the form. There is absolutely no commitment at this stage and you can rest assured that the bank will not force you to take up our

9、 loan facilities if you dont want to.B: I understand. Here is my ID card. You can take a photocopy if you need.A: Thank you Sir. Now I want the actual address and the size of the property. Do you want the repayment to spread across a 10-year schedule?B: Yes, lets work on a 10-year repayment schedule

10、, Its Apartment 8A, Sapphire Court, Stanford Road South, so its on the 8th floor. The size is about 750 square feet as the landlord said. There are 2 bed rooms, a sitting mom, a bath mom and a kitchen. The main window faces the south.A: That sounds rather attractive. We will conduct an evaluation to

11、 find out the size and other related facilities. That will give us an idea on how much we can lend. Normally we only lend to a maximum of 70% for second hand properties but if you are looking for 700,000, which is only about 66% of your purchase price, I believe there is high chance for the loan to

12、be approved as the property is quite new.B: Just now you mentioned possible better terms. What exactly are they?A: Well, would you mind telling me your profession, your source of income and whether you intend to live in the apartment you purchase?B: Im an engineer in Arrow 答案:Last week.3. What is th

13、e purchase price of the apartment?答案:1 million.4. Through whom did he pay to the landlord?答案:Through the real estate agent.5. What interest rate does he pay if he gets the loan?答案:5%.6. How many years repayment schedule do they work on?答案:10-year repayment schedule.7. Is there any penalty if he make

14、s early repayment, and how early?答案:Yes. Only for the first year.8. Can Robert get unsecured loans if he applies for a short period of time and for smaller value?答案:Yes.9. People in what kinds of professions are mentioned in the passage that are offered unsecured loans?答案:Engineers, lecturers, teach

15、ers, accountants.10. If a loan is granted to purchase a car, what do we call this kind of loan?答案:A chattel mortgage.SECTION TWO (Compulsory)Question 2 Answer all questions below. Read the following statements and decide whether they are True (T) or False (F). If it is a false statement, try to re-w

16、rite a correct version. 问题:1. The Exchange Fund is responsible for the issuing and redemption of the Certificates of Indebtedness which give authority to the note-issuing banks to issue banknotes.答案:A问题:2. Money is limited to banknotes and coins in circulation.答案:BCorrection: Money is not limited to

17、 banknotes and coins in circulation.问题:3. A Required Reserve Ratio is a fraction of the deposits of the public that a bank holds in reserve.答案:A问题:4. According to the newly amended Banking Ordinance in Hongkong, the brokers who satisfy the fit and proper criteria will be approved to take positions.答

18、案:BCorrection: According to the newly amended Banking Ordinance in Hongkong, only persons who satisfy the fit and proper criteria will be approved as money brokers.问题:5. In Hongkong, compared to the bends market, the equity market appears not to exist at all because of its limited daily transactions

19、.答案:BCorrection: In Hongkong, compared to file equity market, file bonds market appears not to exist at all because of its limited daily transactions.问题:6. A crossed cheque implies that the cheque can be exchanged for cash at the drawers bank account on which it is drawn.答案:BCorrection: An open cheq

20、ue implies that the cheque can be exchanged for cash at the drawers bank account on which it is drawn.问题:7. The target deposit gives the customer greater flexibility in the amount and the time period for the funds being saved.答案:A问题:8. A mail transfer is the most expensive form of transfer.答案:BCorre

21、ction: A telegraphic transfer is the most expensive form of transfer问题:9. SWIFT is a system allowing member banks to settle payments among them.答案:BCorrection: SWIFT is not a system allowing member banks to settle payments among them.问题:10. The relationship between the banker and the client can only

22、 be terminated by the client who provides reasonable time to the other party to arrange for any alternative.答案:BCorrection: The relationship between the banker and the client can be terminated by either the client or the banker who provides reasonable time to the other party to arrange for any alter

23、native.问题:11. A bridging loan is a loan agreement under which finance is required in connection with the sale of one asset and the purchase of another.答案:A问题:12. A call option is an option which gives the buyer the right to sell the currency at the stated strike price on or before the expiry date.答案

24、:BCorrection: A put option is an option which gives the buyer the right to sell the currency at the stated strike price oil or before the expiry date.SECTION THREE (Compulsory)Question 3 Write short notes on all questions below. Note form answers me acceptable. 问题:1. What are the properties of money

25、?答案:a. portability b. divisibility c. homogeneity and identifiability d. durability e. scarcity f. purchasing power stability 问题:2. List any 4 factors included in the approach that HKMA adopted in assessing the adequacy of a financial institutions liquidity.答案:a. maturity mismatch profile b. ability

26、 to borrow in the interbank market c. loan-to-deposit ratio d. diversity and stability of deposit base e. size of intra-group transactions 问题:3. Name any 3 types of syndication facilities that banks provide to business sectors.答案:a. syndicated loan b. revolving credit facilities c. multiple option f

27、acilities d. other types of facilities include: Standard Eurocurrency facilities SNIFS RUFs 问题:4. What are the different types of money?答案:a. token money b. cheque account deposits c. commodity money 问题:5. What are the factors affecting the level of money supply in Hongkong?答案:a. foreign currencies

28、in file hands of non-bank and non-DTC public b. net amount due from banks abroad c. loans and advances to bank customers d. investments, including foreign investments e. cash holdings in Hongkong dollars f. net balance of deposits abroad 问题:6. List any 3 items that the liquefiable assets of an autho

29、rized institution in HK include.答案:a. currency notes and coins b. gold c. The amount by which the total one-month liabilities of the authorized institution to relevant banks are exceeded by the total one-month liabilities of relevant banks to it. d. export bills e. marketable debt securities or pres

30、cribed instruments f. eligible loan repayments SECTION ROUR Answer one question only. Question 4问题:1. What is merchant banking? Why does it grow rapidly in Hong Kong?答案:Merchant banking: providing financial advice and a wide range of special services for companies in the area of finance and manageme

31、nt. main functions in merchant banking: -act as both brokers and dealers in wide variety of securities; -provide research services and give consultancy services on all varieties of management problems; -money market instruments are traded; -underwrite the debt issue of government and manage the sale

32、 of corporate debt and stock; -serve as agents to handle the payment of dividends to shareholders; -handle mergers, acquisitions, interest rate Swaps, leveraged buyouts, and other fee-earning activities; -arrange or participate in syndicated lending/project financing; -provide advisory/underwriting

33、services in IPO/placement. The reasons for the rapid growth of merchant banking in Hong Kong: Institutionalization -Growing importance of institutional investors in the market place has provided a chance for the expansion of merchant banks. -Since 1990s, the main players of the stock market has shif

34、ted from individuals to the institutions. Deregulation -Competition across borders becomes available as the relaxation of regulations in the US and some European states and the development of Euro-market. -Because of the capital limitation, individuals must seek for help from the merchant banks whic

35、h have considerable scale in global operations. Securitization and disintermediation -The change of the source of corporate financing from bank loans to merchant banks services has increased the development of merchant banking business. Many corporations like to seek financial arrangement through me

36、rchant banks. Advanced technology -Since the communication ability has been intensified by the advanced technology, the information exchange among merchant bankers and other financial institutions becomes more vigorous. Industrial organization restructuring -The environment for file growth of mercha

37、nt banking has been created with the rapid restructuring of industrial organization, such as the breaking-down of conglomerates, introduction of leverage-buy-out, favorable acceptance of junk bond. Globalization -From 1990s onwards, a global market has been laid down by the creation of the Euro-mark

38、et and the increasing use of commercial papers and other financial instruments and the impetus for the growth of merchant banking business has been provided by this favorable conditions. Question 5问题:1. What are the warning signals to potential bad loans? Explain them.答案:The potential bad loans can

39、be identified from the following warning signals: Poor management: Poor management of the business and its limited ability to cope with the changing environment is the basic cause of business failure. Indications of potential business failure involving poor management: -insufficient managerial perso

40、nnel at various levels of operations; -disharmony within the management team; -chaos caused by major re-organization or relocation; -over-ambitious expansion of operations; -lack of financial or operating controls. Industrial/market conditions: Market conditions, such as keen competition among produ

41、cers, declining market demand and change in the preference of consumers, may lead to business failure: Aspects should be paid attention to: -adverse performance of the company compared to its competitors; -advanced technology which is expensive to keep up with; -change in consumers preferences, tast

42、es or fashion; -threat caused by new entrants to the market and deteriorating market shares; -monopoly power created by mergers or acquisitions. Economic and political conditions: The economic and political conditions will largely influence the business. Unfavorable situations of a business may be s

43、ubject to: -economic slow-down or recession; -deteriorating political stability; -adverse conditions due to social unrest and pressure groups campaigns. The implications of a clients bank account Basically show the background and financial statistics which serve as a primary source for detecting pos

44、sible problems in a clients financial position. Indicators: -static or hard-core overdraft; -growing numbers of cheques with insufficient funds claimed by the clients customers; -excessive number of post-dated cheques; -frequent drawings against uncleared funds; -frequent excesses over agreed credit

45、 limit; -deficiencies in loan repayments; -past due import bills; -unusual increase in credit enquiries concerning the clients account from other banks and financial institutions; -frequent cheque kiting. Financial position Financial statements will reflect the deterioration of the companys financia

46、l position. Any deviation from the norm or market average would be a good indicator reflecting a business financial position. Indicators: -liquidity ratios; -debt ratios; -profitability ratios; -coverage ratios; -trends over time; -cash-flow; -flows of other funds and forecast figures. SECTION FIVE

47、Answer one question only. Question 6问题:1. What credit risk assessment is involved in sole proprietorship and partnership company loan?答案:A sole proprietorship is a business owned by an individual who will be responsible for business debts up to the full extent of his personal assets. The following p

48、oints should be considered in assessing and minimizing the risk when evaluating a loan request from a sole proprietor: a. Checking the business registration certificate to establish that the borrower is the sole owner of the business. b. Since the borrower may have substantial personal assets outsid

49、e the business, so ascertain his personal net worth. c. Find out how the borrowers net worth has been accumulated, i.e. what has been built up from his own efforts, from inheritance, or speculative gains. d. Check out if the borrower is experienced in the particular business which he is running and

50、for which he is requesting a loan. e. Check out if the borrower has a good track record in running a successful and profitable business. 2. A partnership is a business in which two or more persons join together for the purpose of carrying on a business with a view to making profit. To assess the par

51、tnership as a credit risk, the banker ought to follow these steps: a. Establish the names of ail partners by cheeks on the companys registered office or the partnership deed. b. Evaluate the partnerships repayment ability by analyzing information obtained from its statements of account. c. Ascertain

52、 the reputation of the partnership; where partnerships are professional firms such as solicitors, accountants etc., information can easily be obtained from the customers professional associations. d. Find out the personal net worth of individual partners as the bank may have to call on their private

53、 resources in case the partnership being unable to meet its financial obligations. e. Analyze the background of each partner to see if he/she has a good track record in running a successful business. Question 7问题:1. (a)Write short notes on the following: (i)BACS (ii)CHAPS (iii)CHIPS (iv)FedWire (b)W

54、hat are the significance and limitations of the balance sheet? 答案:(a)(i)BACS: Formerly known as Bankers Automated Clearing Services. BACS handles direct debits and credits as well as standing orders in the UK. The clearing process is normally completed on the third day of the operation cycle. (ii)CH

55、APS It refers to the Clearing House Automated Payments System. It is available nationwide in Britain. It is operated by a number of settlement banks who communicate directly through computers. Payments sent through the system are guaranteed and unconditional, and cleared on a same-day basis. (iii)CHIPS It refers to Clearing House I