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1 What function of the bank aids to finance major projects?
2 What is an important part of international financing?
3 When do banks refer loan proposals to other banks and invite them to take part in
the loan?
4 What kind of lending allows a bank to share risks with other banks?
5 What is the lead manager responsible for?
6 Why does international lending require a clear understanding of the political and
economic situation of the country in question?
7 What organization was set up in Britain in 1919?
8 What is a similar organization set up in the USA in 1934 called?
8.2 Vocabulary Practice
Exercise 1 Choose the necessary word and put it into the sentence:
1 ... of credit is one of the primary functions of
a bank.
2 A company building a new production
plant or a country building a new ... both need
to raise very large sums of money.
3 A bank may decide that a particular
... is too large to handle alone.
4 Banks often refer loan ... to other
banks.
5 The ... decides the rate of interest
to be charged, collects payments from the
borrower when ..., and distributes the money.
6 International lending normally requires
a ... of the political and economic situation of
the country in question.
7 Credits are used for loans of more than
two years' ... and for large contracts such as
ships.
1 loan
2 the provision
3 due
4 dam
5 clear understanding
6 proposals
7 duration
8 lead manager
Exercise 2 Translate into English.
1 Выделение кредита позволяет заемщику финансировать крупные
программы.
28
1 What function of the bank aids to finance major projects? 2 What is an important part of international financing? 3 When do banks refer loan proposals to other banks and invite them to take part in the loan? 4 What kind of lending allows a bank to share risks with other banks? 5 What is the lead manager responsible for? 6 Why does international lending require a clear understanding of the political and economic situation of the country in question? 7 What organization was set up in Britain in 1919? 8 What is a similar organization set up in the USA in 1934 called? 8.2 Vocabulary Practice Exercise 1 Choose the necessary word and put it into the sentence: 1 ... of credit is one of the primary functions of 1 loan a bank. 2 A company building a new production 2 the provision plant or a country building a new ... both need to raise very large sums of money. 3 A bank may decide that a particular 3 due ... is too large to handle alone. 4 Banks often refer loan ... to other 4 dam banks. 5 The ... decides the rate of interest 5 clear understanding to be charged, collects payments from the borrower when ..., and distributes the money. 6 proposals 6 International lending normally requires a ... of the political and economic situation of 7 duration the country in question. 7 Credits are used for loans of more than two years' ... and for large contracts such as 8 lead manager ships. Exercise 2 Translate into English. 1 Выделение кредита позволяет заемщику финансировать крупные программы. 28
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