1、金融英语中级银行业务-1 及答案解析(总分：108.00，做题时间：90 分钟)一、BSECTION ONE (Co(总题数：1，分数：20.00)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. BQustion 1/
2、B（分数：20.00）(1).Whats the name of the man who is seeking the mortgage loan?（分数：2.00）填空项 1:_(2).When did he pay the down payment?（分数：2.00）填空项 1:_(3).What is the purchase price of the apartment?（分数：2.00）填空项 1:_(4).Through whom did he pay to the landlord?（分数：2.00）填空项 1:_(5).What interest rate does he pa
3、y if he gets the loan?（分数：2.00）填空项 1:_(6).How many years repayment schedule do they work on?（分数：2.00）填空项 1:_(7).Is there any penalty if he makes early repayment, and how early?（分数：2.00）填空项 1:_(8).Can Robert get unsecured loans if he applies for a short period of time and for smaller value?（分数：2.00）填
4、空项 1:_(9).People in what kinds of professions are mentioned in the passage that are offered unsecured loans?（分数：2.00）填空项 1:_(10).If a loan is granted to purchase a car, what do we call this kind of loan?（分数：2.00）填空项 1:_二、BSECTION TWO (Co(总题数：12，分数：24.00)1.The Exchange Fund is responsible for the iss
5、uing and redemption of the Certificates of Indebtedness which give authority to the note-issuing banks to issue banknotes.（分数：2.00）A.正确B.错误2.Money is limited to banknotes and coins in circulation.（分数：2.00）A.正确B.错误3.A Required Reserve Ratio is a fraction of the deposits of the public that a bank hold
6、s in reserve.（分数：2.00）A.正确B.错误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.（分数：2.00）A.正确B.错误5.In Hongkong, compared to the bends market, the equity market appears not to exist at all because of
7、its limited daily transactions.（分数：2.00）A.正确B.错误6.A crossed cheque implies that the cheque can be exchanged for cash at the drawers bank account on which it is drawn.（分数：2.00）A.正确B.错误7.The target deposit gives the customer greater flexibility in the amount and the time period for the funds being sav
8、ed.（分数：2.00）A.正确B.错误8.A mail transfer is the most expensive form of transfer.（分数：2.00）A.正确B.错误9.SWIFT is a system allowing member banks to settle payments among them.（分数：2.00）A.正确B.错误10.The relationship between the banker and the client can only be terminated by the client who provides reasonable ti
9、me to the other party to arrange for any alternative.（分数：2.00）A.正确B.错误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.（分数：2.00）A.正确B.错误12.A call option is an option which gives the buyer the right to sell the
10、 currency at the stated strike price on or before the expiry date.（分数：2.00）A.正确B.错误三、BSECTION THREE (总题数：6，分数：24.00)13.What are the properties of money?（分数：4.00）_14.List any 4 factors included in the approach that HKMA adopted in assessing the adequacy of a financial institutions liquidity.（分数：4.00）
11、_15.Name any 3 types of syndication facilities that banks provide to business sectors.（分数：4.00）_16.What are the different types of money?（分数：4.00）_17.What are the factors affecting the level of money supply in Hongkong?（分数：4.00）_18.List any 3 items that the liquefiable assets of an authorized instit
12、ution in HK include.（分数：4.00）_四、BSECTION ROUR/(总题数：2，分数：20.00)19.What is merchant banking? Why does it grow rapidly in Hong Kong?（分数：10.00）_20.What are the warning signals to potential bad loans? Explain them.（分数：10.00）_五、BSECTION FIVE/(总题数：3，分数：20.00)21.What credit risk assessment is involved in so
13、le proprietorship and partnership company loan?（分数：5.00）_22.(a)Write short notes on the following: (i)BACS (ii)CHAPS (iii)CHIPS (iv)FedWire (b)What are the significance and limitations of the balance sheet?（分数：5.00）_23.Xinhua Garment Company wants to export its goals to a customer in Germany. Advise
14、 the company the two trade financing methods offered by banks.（分数：10.00）_金融英语中级银行业务-1 答案解析(总分：108.00，做题时间：90 分钟)一、BSECTION ONE (Co(总题数：1，分数：20.00)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 yo
15、u should not answer any questions until the reading is over. BQustion 1/B（分数：20.00）(1).Whats the name of the man who is seeking the mortgage loan?（分数：2.00）填空项 1:_ （正确答案：Robert.）解析：听力原文1-10Personal loanA: Good afternoon, Sir, at your service.B: Oh, thank you. My name is Robert and Id like to make som
16、e enquiries concerning mortgage loan facilities offered by your bank. Am I in the 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 Sa
17、pphire Court on Stanford Road, south of our town. I have already made my down payment 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,
18、 it has been 5 years since the building was built. The owner is demanding for 1 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
19、real estate agent and I will just need700,000 from the bank. What interest rates 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 a
20、pproximate to 9.5 %. But we might be able to offer you better terms depending on 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 for
21、m at this stage?A: Sir, the form is just to record the appropriate details and 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
22、 stage and you can rest assured that the bank will not force you to take up our 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 spr
23、ead across a 10-year schedule?B: Yes, lets work on a 10-year repayment schedule, 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 fac
24、es the south.A: That sounds rather attractive. We will conduct an evaluation to 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 ab
25、out 66% of your purchase price, I believe there is high chance for the loan to 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 t
26、he apartment you purchase?B: Im an engineer in Arrow -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 of corporate debt and stock; -serve as agents to h
27、andle 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 services in IPO/placement. The reasons for the rapi
28、d 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 shifted from individuals to the institutions. Deregulat
29、ion -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 which have considerable scale in global operations. Sec
30、uritization 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 merchant banks. Advanced technology -Since the commun
31、ication 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 merchant banking has been created with the rapid restruct
32、uring 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-market and the increasing use of commercial papers an
33、d other financial instruments and the impetus for the growth of merchant banking business has been provided by this favorable conditions.20.What are the warning signals to potential bad loans? Explain them.（分数：10.00）_正确答案：()解析：The potential bad loans can be identified from the following warning sign
34、als: 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 personnel at various levels of operations; -dishar
35、mony 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 producers, declining market demand and change in t
36、he 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, tastes or fashion; -threat caused by new entrants
37、 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 subject to: -economic slow-down or recession;
38、-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 possible problems in a clients financial positio
39、n. 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 limit; -deficiencies in loan repayments; -
40、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 financial position. Any deviation from the norm o
41、r 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.五、BSECTION FIVE/(总题数：3，分数：20.00)21.What credit risk ass
42、essment is involved in sole proprietorship and partnership company loan?（分数：5.00）_正确答案：()解析：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 points should be considered in assessing and m
43、inimizing 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 outside the business, so ascertain his personal net
44、 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 for which he is requesting a loan. e. Check o
45、ut 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 partnership as a credit risk, the banker ought to follow these steps: a. Establish the names of ail partners
