Английский язык. Бочкарева Т.С - 19 стр.

    5 When did some banks begin to offer currency option?
    6 What is the aim of the currency option?
    7 What rights are given to the customers under the currency option?
    8 When does the bank send out the confirmation of the deal?
    9 When may the customer exercise the currency option?
    10 What is the basic idea of the currency option?

    5.2 Vocabulary Practice

    Exercise 1 Choose the necessary word and put it into the sentence.

   1 All companies can buy the dollars ..., i.e. at a        1 premium
   rate specified now, thus eliminating the risk of
   an adverse movement in the exchange rate.
   2 Unfortunately, buying dollars forward also...
   the possibility of a favourable movement in               2 eliminates
   exchange rate.
   3 The company may get a better exchange rate but          3 gamble
   it also runs ..., since the rate could be worse.
   4 Either course of action involves a calculated           4 forward
   ... on exchange rates.
   5 Some banks developed and began to offer ... in          5 a risk
   the early 1980s.
   6 Under the currency option, the customer                 6 currency options
   pays a ... which gives them right to demand
   purchase or sale of a specified currency at an
   agreed exchange rate up to an agreed date.



    Exercise 2 Translate into English.

    1 Покупка долларов по форвардной сделке исключает возможность риска при
неблагоприятном изменении обменного курса.
    2 Чтобы не подвергаться риску при обмене валюты, банки разработали и
предложили валютные опционы.
    3 После уплаты клиентом (компанией) страховой премии, банк подтверждает
сделку.
    4 Клиент может воспользоваться валютным опционом в любое время до даты
истечения срока и включая ее.


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