Report writing - Assessment  Layout: title, headings, spacing, clear text organization (e.g. numbering), signature, name, position  Content: Task fulfilled? Makes sense?  Language: a) phrases typically used in a report, b) terminology, c)spell/gramm  General features: accuracy, concision, clarity, objectivity  Each element: 2.5 points X 4 = 10 pts

Phrases to use:  We strongly … that we should …  The key … are outlined below.  The … of this report is to … the possibilities …  Information for this report was … from the following sources:  This report … to identify potential problems in..  The report was … by Kim Jam last week. It was to be … by 15 March, 2011.

 No conclusions were … regarding …  It is … that the following should be done:  It would be … if …  This … a number of issues. Firstly, …  Contrary to our expectations, it was … that …  The data for this report were … from the following sources.  Mark Smith, HR Manager, … this report on incentive policies.

BANKING

BORROWING AND LENDING borrow-lend take deposits-make loans savings-lending depositors- borrowers lenders-borrowers creditors-debtors

BORROW-LEND  Borrow (from) v.reg.  Lend (to) v.irreg. lend, lent, lent 1.He a lot of money from me. 2.Can you me $15,000? 3.I have never money to anyone. 4.The bank will us $ 0.5m, 5.You shouldn’t money. You never know if the debtors will pay it back to you. 6.I wonder if it’s possible to take a loan and $50,000 for the project.

BORROW-LEND 1.He borrowed a lot of money from me last year. 2.Can you lend me $15,000? 3.I have never lent money to anyone. 4.The bank will lend us $ 0.5m, 5.You shouldn’t lend money. You never know if the debtors will pay it back to you. 6.I wonder if it’s possible to take a loan and borrow $50,000 for the project.

Taking a loan - Who does what? (the client, the bank, …)  to apply for a loan  to approve a loan  to make a loan  to take a loan  to borrow  to lend  to allow a grace period of 1 year  to repay the loan in instalments  to charge fees  to pay interest  to charge interest  to reach maturity* (become mature, fall due, be due, come due) *to repay the full amount of the loan: principal& interest

BANK ACCOUNTS How much do we have in the account?  current account (checking account)  giro-account  savings account, deposit account, time account, notice account

BANK ACCOUNTS  bank statement  account balance, balance  bank order I ordered (instructed) my bank to transfer €4,000 to your account.

BANK ACCOUNTS Translate: We kept our account in credit last month. US$15,000 have been debited to my account. The amount will be credited to your account. credit an account vs. debit an account to keep an account in credit / in debit  to overdraw an account → overdraft

CLIENTS AND BANK SERVICES  retail banking/commercial banking  investment banking  private banking  Islamic banking Clients? MK: pp.73-74

A wide range of SERVICES  loans  financial advice  mergers and takeover bids  stockbroking  portfolio management  investment funds (e.g.hedge funds)  insurance

Services provided Retail banks receive …., and make … Investment banks give …, raise … by issuing …, arrange …, and offer … Private banks provide wealthy clients with …. Islamic banks offer …., so they do not charge …, but invest in … and share …

Retail and investment banking: 3 phases? MK: pp Use the verbs below and establish the chronology:  Prevent  Deregulate  Go bankrupt  Pass  Repea l Explain the link between the paragraph in MK and the article on the next slide.

OPTIONAL READING British financial industry: Death by a thousand cuts The Economist, 7 Jan 2012 Find the correct position for the headings below (pgs 1-7):  Problems for the City  Retail banking ring-fenced  Impact of new measures for the biggest  History repeated?  The Wimbledon effect Source: The Economist (7 Jan 2012),

Words, words, words  Leverage (3)  Arm (3)  bailout (n.), bail out (v.) (5)  Wind up (5)  Trading  Branch (7)  Subsidiary (7)  Words for diminish/decrease/reduce/shrink/downsize?

British financial industry: Death by a thousand cuts The Economist, 7 Jan 2012 History repeated? (pgs 1-2) a)Industries mentioned? b) Analogy? Problems for the City? (pg.3) c) List? Retail banking ring-fenced (pgs.4-5) d) Division? e) Services?, f) New rules (retail vs. investment)? – chart!! Impact of new measures for the biggest? (pg.6) g) List? The Wimbledon effect (pg.7): h)Copy the part of the sentence that explains the effect