商务英语4课文翻译RaisingFinance

.适用文档.RaisingFinance--翻译RaisingFinance融资Whenacompanyisgrowingrapidly,forexamplewhencontemplatinginvestmentincapitalequipmentoranacquisition,itscurrentfinancialresourcesmaybeinadequate.当一家公司快速成长时，比如考虑投资固定设施或进行收买时，它的资本流〔currentfinancialresources翻译禁止〕可能不够充分。Fewgrowingcompaniesareabletofinancetheirexpansionplansfromcashflowalone.极罕有成长中的公司能够仅经过现金流为他们的扩充方案融资。Theywillthereforeneedtoconsiderraisingfinancefromotherexternalsources.所以，他们需要考虑从其余外面根源进行融资。Inaddition,managerswhoarelookingtobuy-intoabusiness(‘managementbuy-in’or‘MBI’)orbuy-out(‘managementbuy-out’or‘MBO’)abusinessfromitsowners,maynothavetheresourcestoacquirethecompany.别的，正准备从公司全部者手中对公司进行外面管理层收买或公司内部管理层收买的管理者们可能没有财力收买该公司。Theywillneedtoraisefinancetoachievetheirobjectives.他们需要筹集资本以抵达他们的目标。ThereareanumberofpotentialsourcesoffinancetomeettheneedsofagrowingbusinessortofinanceanMBIorMBO:有好多潜伏的资本根源，能够知足成长中的公司或为外面管理层收买或公司内部管理层收买融资。-Existingshareholdersanddirectorsfunds现有股东和董事基金-Familyandfriends家庭和朋友-Businessangels天使投资者-Clearingbanks(overdrafts,shortormediumtermloans)清理银行〔透支，中短期贷款〕-Invoicediscounting..适用文档.发票贴现-Hirepurchaseandleasing分期付款购买和租借-Merchantbanks(mediumtolongertermloans)商业银行(中长久贷款)-Venturecapital风险资本Akeyconsiderationinchoosingthesourceofnewbusinessfinanceistostrikeabalancebetweenequityanddebttoensurethefundingstructuresuitsthebusiness.均衡权益和负债以保证融资构造合适公司是选择新公司融资根源的一个重要考虑要素。Themaindifferencesbetweenborrowedmoney(debt)andequityarethat，withdebt,bankersrequestinterestpaymentsandcapitalrepayments,andtheborrowedmoneyisusuallysecuredonbusinessassetsorthepersonalassetsofshareholdersand/ordirectors.借来的钱〔负债〕和权益的主要差别在于：关于负债，银专家恳求支付利息和送还资本，借来的钱往常用公司的财产或股东或董事的个人财产进行担保。Abankalsohasthepowertoplaceabusinessintoadministrationorbankruptcyifitdefaultsondebtinterestorrepaymentsoritsprospectsdecline.假如公司拖负债务、利息或还款或它的远景降落〔预期降落〕，银行也有能力将公司置于行政管束或破产。〔placeabusinessintoadministration翻译不确立〕Incontrast,equityinvestorstaketheriskoffailurelikeothershareholders,whilsttheywillbenefitthroughparticipationinincreasinglevelsofprofitsandontheeventualsaleoftheirstake.相反，股票投资者像其余股东同样担当(投资)失败的风险,同时，他们能在收益增加和最后销售股票时获益。Theoverallobjectiveinraisingfinanceforacompanyistoavoidexposingthebusinesstoexcessivehighborrowings,butwithoutunnecessarilydilutingthesharecapital.一个公司的整体融资目标是防备公司曝露于过高的借钱风险，没有不用要的稀释股权资本。Thiswillensurethatthefinancialriskofthecompanyiskeptatanoptimallevel.这将保证公司的财务风险保持在一个最优水平。Raisingfinanceisdependentonagoodbusinessplanwhichdemonstratesthatthemanagementisawareofalltherisksinvolved.融资依靠于一个好的商业方案，该方案说明管理层知道全部波及的风险。TypesofFinance..适用文档.融资种类Venturecapital风险资本Venturecapitalisageneraltermtodescribearangeofordinaryandpreferenceshareswheretheinvestinginstitutionacquiresashareinthebusiness.风险资本是一个描绘投资机构获得公司一系列一般股和优先股的总括术语，Venturecapitalisintendedforhigherriskssuchasstart-upsituationsanddevelopmentcapitalformorematureinvestments.风险资本用于像新建公司的高风险投资和更加成熟的开发资本投资。〔本句有问题〕Therearealsocertainlargeindustrialcompanieswhichhavefundsavailabletoinvestingrowingbusinessesandthis'corporateventuring'isanadditionalsourceofequityfinance.也有一些大型工业公司有基金可用于投资成长型公司，这类公司风险投资是股权融资的另一个根源。Grants政府拨款Government,localauthoritiesandlocaldevelopmentagenciesarethemajorsourcesofgrants(政府拨款).政府、地方当局和地方展开机构是政府拨款的主要根源。Grantsarenormallymadetofacilitatethepurchaseofassetsandeitherthegenerationofjobsorthetrainingofemployees.政府拨款往常用于帮助购买财产、为某代人供给就业岗位或培训职工。InvoiceDiscounting发票贴现Financecanberaisedagainstdebtsduefromcustomersviainvoicediscounting,thusimprovingcashflow.资本能够经过对客户所负债务进行发票贴现筹集，进而改良现金流。Debtorsareusedastheprimesecurityforthelenderandtheborrowermayobtainuptoabout80percentofapproveddebts.债务人是放款人的主要抵押品〔primesecurity翻禁止〕，借钱人可能获取高达80%的批准债务。HirePurchaseandLeasing分期付款购买和租借..适用文档.Hirepurchase(分期付款购货信贷)agreementsandleasing(租借)providefinancefortheacquisitionofspecificassetssuchascars,equipmentandmachineryinvolvingadepositandrepaymentsover,typically,threetotenyears.租购〔分期付款购货信贷〕协讲和租借为获取诸如汽车、设施和机械等特定财产筹备资本，包含定金和典型的三到十年的还款。Loans贷款Mediumtermloans(uptosevenyears)andlongtermloans(includingcommercialmortgages)areprovidedforspecificpurposessuchasacquiringanasset,businessorshares.中期贷款〔多达七年〕和长久贷款〔包含商业抵押贷款〕为诸如财产收买、公司收买或股票收买等特定目的而供给。Theloanisnormallysecuredontheassetorassetsandtheinterestratemaybevariableorfixed.贷款往常用一项财产或多项财产担保，利息可能是浮动的或改动的。BankOverdraft银行透支Anoverdraftisanagreedsumbywhichacustomercanoverdrawtheircurrentaccount.透支是一个商定的金额，在此额度内，客户能够透支他们的现金账户。Itisnormallysecuredoncurrentassets,repayableondemandandusedforshorttermworkingcapitalfluctuations.它往常是以流动财产担保，立刻付款，用于应付短期运营资本颠簸。Theinterestcostisnormallyvariableandlinkedtothebankbaserate.利息花费往常是浮动的，与银行根本利率相联系。CompletingtheFinance-raising达成资本筹集Raisingfinanceisoftenacomplexprocess.融资往常是一个复杂的过程。Businessmanagementneedstoassessseveralalternativesandthennegotiatetermswhichareacceptabletothefinanceprovider.公司管理层需要评估几种方案，而后磋商哪些条款金融供给者能够接受。Themainnegotiatingpointsareoftenasfollows:主要的谈判点往常以下: