金融英语视听说第三章听力原文及复习资料解析.docx

1、金融英语视听说第三章听力原文及复习资料解析Unit 3Short DialoguesTask 1 Multiple ChoiceScripts & AnswersDialog 1 M: Hi, Xiaohong. There is news about bankruptcies of some U.S. banks. Itseems the banks are subject to some risks in their operation.W: Yes. Excessive interest rate risk can pose a significant threat to a banks

2、earnings and capital base.M: Do you know the exact meaning of the interest rate risk?W: It is difficult to explain it in a few words. Let me see, eh Generallyspeaking, interest rate risk is the risk arising from the change in value ofan interest-bearing asset, such as a loan or a bond, due to fluctu

3、ation ininterest rates. As rates rise, the price of a fixed rate bond will fall. As ratesfall, the price of the bond will rise.M: So the task of control over the interest rate risk would be critical to banks,because the change in interest rates will affect the value of a banksinterest-bearing assets

4、.W: Right, but sometimes it is beyond the control of one bank.Question: What is usually considered the cause of interest rate risk according to thewoman? (D)译文 男： 嗨，晓红。有些关于美国银行破产的新闻。银行的经营似乎容易受到某些风险的影响。女： 是。过度的利率风险会威胁到银行的收益和资本基础。男： 你知道利率风险的准确含义吗？女： 几句话很难说清楚。让我想想，嗯。一般来说，利率风险产生于附息资产，如贷款或债券的价格变化，其价格因利率的

5、上下浮动而变化。当利率上升时，固定利率债券的价格就下跌。当利率下跌时，这些债券的价格就上涨。男： 所以对于银行来说，控制利率风险的任务是至关重要的，因为利率的变化会影响到银行的附息资产的价值。女： 对。但有时不是一家银行可以控制局面的。Dialog 2 M: Professor Wang, would you tell me what would happen if a bank hadinadequate liquidity?W: There will be dire consequences, I think. You know that liquidity is aprime conce

6、rn in banking operation and a shortage of liquidity has oftenbeen a trigger for bank failures. However, holding assets in a highly liquidform tends to reduce the income from that asset.M: It is known that cash is the most liquid asset.W: Exactly. Cash is liquid but pays no interest. So banks usually

7、 try to reduceliquid assets as far as possible. Without sufficient liquidity to meet thedemands of their depositors, nevertheless, a bank would experience therisk of a bank run.Question: Which of the following is the key reason that liquidity is a prime concern inbanking operation according to the c

8、onversation? (B)译文 男： 王教授，请问假如银行流动资产不足，会怎么样呢？女： 我认为后果会很严重。你知道资产变现能力是银行经营重点关注的问题，流动资产匮乏往往是银行倒闭的导火索。但是，持有流动性过高的资产可能减少资产的收入。男： 众所周知，现金是流动性最高的资产。女： 确实如此。现金的流动性高但不获利。所以银行会尽可能地减少流动资产的持有量。但是，如果银行没有足够的流动资产去满足储户的要求，就会遭受储户挤兑的风险。Dialog 3 M: Lin, our teacher told us today that all the loans made by a commercial

9、bank will be classified into five catalogs: normal, observational, inferior,questionable, and losing. Now, I want to know how to determine whichcatalog one loan goes to. Would you tell me about it?W: Well, it is not an easy job. But it is necessary for the credit risk analysis. Asfar as I know, the

10、credit risk classification is made according to the repaymentcapacity of the borrower. If a loan is classified as inferior, questionable orlosing, it is said to be a bad loan. The bank will be required to prepare bad loanreserve and the banking regulators will do something for the loan.M: I see that

11、 it is a measure to prevent credit risk.Question: What is implied if a loan is classified as an observational one? (D)译文 男： 林，老师今天告诉我们说商业银行的贷款都会分为五类：正常、关注、次级、可疑和损失。现在我想知道如何确定一笔贷款的类别。你能给我讲讲吗？女： 哦，这不是个简单的事情。但对于信用风险分析是必要的。据我所知，信用风险分类是按照借款人的还款能力确定的。假如一笔贷款被确定为次级、可疑或损失，那么就属于不良贷款。银行就要预备一笔不良贷款准备金，银行管理人员就有事可

12、做了。男： 我知道，这是防范信用风险的措施。Dialog 4 M: Diana, what do you think of the subprime mess in the United States?W: Ive heard of the word hundreds of times these days. As far as I know, it isone of the huge risks caused by hedge funds, and the conflicts of interesthave led a lot of banks and companies, especial

13、ly investment banks intotrouble. They are all the consequences of financial deregulation. Some peoplecommented that they would reverse field in time to prevent another 1929.M: Some economic strategy has attracted a lot of criticism recently. They havecome into force in the name of free-market effici

14、ency. People criticizedthat some policies have replaced real productive innovation with financialengineering and shifted wealth from families to corporations, and put theentire American economy at ever greater risk.Question: What are they talking about? (B)译文 男： 黛安娜，对于美国的次贷危机你怎么看？女： 这些天我已经数百次听到这个词了。

15、据我所知，这是对冲基金惹的一场大祸。各种利益的冲突导致许多银行和企业，尤其是投资银行陷入困境。这是撤销金融管制产生的后果。有人评论说他们将及时调整方向，以免重复1929 年的悲剧。男： 最近有些经济战略受到许多批评。这些政策是以提高自由市场效率的名义实施的。有人批评说某些政策用金融操控手段取代了真正富有成效的革新，把财富从家庭转移到公司，从而使整个美国经济处于高度风险之中。Task 2 Short Answer QuestionsScripts & AnswersDialog 1 M: Good news, guys. Ive got my loan proposal granted.W: C

16、ongratulations. But be sure that you can get enough money to repay theloan when it is due.M: What will happen if I could not repay the loan?W: The bank will sell your mortgaged house and the payment will be used torepay the loan.M: Oh, it is terrible. Ill of course repay it on time because I have a

17、veryrational repayment plan and a good job.Question: What will happen if a borrower could not repay the loan to the lending bank?The bank will sell the mortgaged house and the payment will be used to repaythe loan.译文 男： 好消息，伙计们。我的贷款申请通过了。女： 祝贺你。但你要保证你有足够的钱偿还到期贷款。男： 如果还不上会怎么样？女： 银行会把你抵押的房子卖掉，所得的房款用来归

18、还贷款。男： 哦，太可怕了。我肯定会按时还款，因为我有很合理的还款计划和很好的工作。Dialog 2 W: Hey, do you member that the teacher told us that there are 5 Ps to beconsidered while handling a loan proposal?M: Yes, they are critical factors for a manager of the credit department tomake correct assessment of the credit risks.W: What are the

19、5 Ps? People, Purpose, Payment, and ?M: And Protection and Perspective.W: Right. It is easy to get the meaning of the first three Ps, but the last two Psare difficult to understand.Question: What are the 5 Ps?People, Purpose, Payment, Protection and Perspective.译文 女： 嗨，你记得老师说过收到贷款申请后，必须考虑5 个P 么？男： 对

20、。这是信贷部经理进行正确的信贷风险评估时要考虑的关键因素。女： 什么是5 个P? 借款人、借款用途、还款计划、还有？男： 还有还款保障和还款风险预测。女： 对了。前3 个P 很容易理解，后两个比较费解。Dialog 3 W: Excuse me, would you please tell me how many types of personal housingloans are offered by your bank CCB?M: It is a pleasure. CCB offers many types of personal housing loans,including per

21、sonal second-hand housing loans, personal commercial spacepurchase loans, individual housing loans at fixed interest rates, personalhousing mixed loans, individual housing provident fund loans and personalmortgage loans.W: What is an individual housing provident fund loan? I dont understand themeani

22、ng of “housing provident fund”.M: Its a special type of personal housing loan designed for those whohave deposited a percentage of their income in their individual housingprovident fund account, and when they need money to buy a house, theycan apply for it at a prime rate of interest.Question: How m

23、any types of personal housing loans are mentioned in the conversationand what are they?Six types. They are personal second-hand housing loans, personal commercialspace purchase loans, individual housing loans at fixed interest rates, personalhousing mixed loans, individual housing provident fund loa

24、ns and personalmortgage loans.译文 女： 打扰一下，你能告诉我你们建行提供的个人住房贷款有几种么？男： 很乐意。建行提供多种个人住房贷款，包括个人二手房贷款、个人商用房屋贷款、个人固定利率房屋贷款、个人房屋混合贷款、个人公积金购房贷款、个人房屋抵押贷款。女： 什么叫个人住房公积金贷款？我不明白“住房公积金”是什么意思。男： 这是一种特殊形式的个人住房贷款。人们首先把收入的一部分存入其个人公积金账户，当他们需要贷款买房时，可以按优惠利率申请这种贷款。Task 3 Listening and SimulatingScripts & AnswersDialog 1 M:

25、 Morning, Madam. Im going to apply for a loan. I dont know theconditions for a loan and the documents to be prepared for the application.W: Could you tell me your purpose of the loan?M: I want to buy a car.W: Oh, well, youd better apply for an auto loan. I think youre satisfied withthe loan conditio

26、ns because you have a good social status and make agood salary. You just bring with you the documents such as your ID card,a certificate of employment, a certificate of income and make a crediblerepayment plan.译文 男： 早上好，女士。我准备申请贷款。不知道申请贷款要什么条件和应该准备哪些文件？女： 你能告诉我你为什么申请贷款吗？男： 我想买车。女： 哦，你最好申请汽车贷款。我觉得你符合

27、贷款条件，因为你有很好的社会地位和高薪工作。你只需带上身份证、工作证、收入证明，做一份可信的还款计划就可以了。Dialog 2 M: Ah, I understand that banks face many types of risk. The U.S. subprimecrisis is an example.W: You are right. The major type of risk is called credit risk.M: I see eye to eye with you on it. Credit risk is the risk of loss due to adeb

28、tors non-payment of a loan or other lines of credit. If a bank wasinvolved in the credit risk, it could not get back the loans from someclients. Some people may not have sound creditworthiness or they arereally in trouble and not able to repay the money.W: So banks must have some measures to prevent

29、 the risks.译文 男： 嗯，我明白银行面临着很多风险。美国的次贷危机就是例子。女： 你说得对。主要的风险是信用风险。男： 我完全同意。信用风险就是因为债务人拒绝偿还贷款或别的信用额度而产生损失的风险。假如银行遭遇信用风险，他们就无法从某些客户那里收回贷款。可能有些人的信用度不高，或者他们真的有困难，不能还款。女： 所以银行必须有防范风险的措施。Dialog 3 W: Excuse me, I am told that your bank provides personal consumer durablesloans for those who are prepared to buy

30、 some expensive domestic fixtures,such as computers, washing machines, fridges, air conditions, and so on.Would you please tell me the qualification for such a loan?M: It is my pleasure. Our target clients for the personal consumer durablesloans are Chinese citizens aged between 18 and 60 years with

31、 full legalcapability.W: Well, I think Im qualified for the loan, but how to apply for it?M: Frankly speaking, it is very simple to apply for a personal consumer durablesloan. Here is the leaflet on step-by-step guide of the loan application. Pleaseread it and prepare all the documents required and fill in the application form.译文 女： 打扰一下，听说你们银行为那些打算购买贵重家电的人提供个人耐用品贷款，比如买计算机、洗衣机、冰箱、空调等，你能告诉我这种贷款的申请资格吗？男： 很乐意。我们的目标客户是凡年满18 周岁至60 周岁，并且具有完全法律行为能力的中国公民。女： 哦，我想，我有资格申请。但怎么申请呢？男： 坦率地说，申请个人耐用消费品贷款很简单。这是有关贷款申请步骤的宣传单。请阅读后，按要求准备好需要的文件，并填写这份申请表。Long