1. Translate into Russian:

share capital

equity capital

shareholder

face value of a share

rights issue

to issue shares

inflow of receipts

outflow of payments

expenditure

receipt of income

elapse between them

2. Complete as in the text:

1. A company's share capital is often referred to as...

2. Part of the company's profit is paid to shareholders as.

3. If shareholders sell their shares...

4. If the company needs to raise more capital for expansion...

5. Often it gives existing shareholders...

6. If the company wants to turn some of its profit into capital..

7. This issue is called...

8. Companies often issue such shares instead of...

9. If there is a regular inflow...

10. But in many cases a considerable time must elapse...

11. It is the purpose of financial institutions to... Business companies turn to ...

3. Translate the text into Russian.

4. Sum up what the text said about:

dividends

rights issues

bonus issues

cases when companies need financial assistance

organisations which provide financial assistance

Деятельность фондовых бирж. Грамматика: типы нереальных условных предложений в английском языке

SECURITIES AND STOCK EXCHANGE

Shares, stocks and bonds form securities. Bonds are documents which give details of a loan made to a company or government. Securities issued by the British Government are called gilts or gilt-edged securities. This can also mean any high quality security without financial risk. Another way of describing these high quality securities is blue chips. Securities of all kinds are traded at the Stock Exchange. Only Stock Exchange members are admitted to transact business at the Stock Exchange. There are two kinds of people dealing on the Stock Exchange Market. They are brokers and jobbers. An investor who wishes to buy or sell securities must act through a broker. After the broker receives instruction from the investor or his client he approaches a jobber. Each jobber deals in a particular group of securities. The jobber asks the broker his price. The jobber usually does not know if the broker wishes to buy or sell and he quotes two prices:

• his bying price, or the bid

• his selling price, or the offer The difference of the two prices is the jobber's turn.

The existence of the stock exchange means that it is generally possible to buy or sell securities at any time at the market price.

The speculator on the stock exchange who buys securities in expectation of a

rise in their prices is a bull.

The speculator wishing to sell securities in anticipation of a fall in their prices

is a bear.

The biggest stock exchanges function in London, New York, Tokio and

Frankfurt-on-the Mine, thus providing round-the clock operation of the stock

exchange market

WORDS

Bond- облигация

Detail-деталь

Gilts-ценные бумаги

syn. gilt-edged securities-золотообрезные ценные бумаги

to mean-означать

to describe-описывать

blue chip-голубая фишка

to admit-разрешать

to transact-проводить сделку

to approach-обращаться к

particular-определенный

bid-

offer-предложение

difference-разница

jobber's turn-прибыль брокера

existence-существование

speculation-спекуляция

rise-повышение

bull-бык)участник играющий на повышение цены)

anticipation-предвкушение, .ожидание

fall-падение

bear участник аукциона, играюший на понижение цены, медведь

to function-функционировать

Tasks

1.Insert the correct prepositions and make short sentences with them, on the basis of the text:

to transact business ... the stock Exchange

to deal... the stock Exchange Market

to buy and sell securities ... any time ... the market price

to buy securities ... expectation ... a rise ... their price

to sell securities ... anticipation ... a fall... their price

to provide round-the clock operation ... the stock exchange market

2.Find the answers in the text:

• Who is admitted to transact business at the Stock Exchange in London?

• Can an investor approach a jobber directly?

• Does each jobber specialize in one definite type of securities?

• Why does the jobber usually quote both the selling and the buying price for the securities?

• What are the official names for each type of the price?

• What is the profit of the jobber?

• Where are the biggest stock exchanges in the world?

3.Complete the sentences with the following words:

stock exchanges, securities, loan, brokers, jobbers, gilts, chips

1. Shares, stocks and bonds form

2. Bonds are documents which give details of a made to

a company or government.

3 issued by the British Government are called

4 Another way of describing high quality is blue

5 of all kinds are traded at the

6. There are two kinds of people dealing on the Exchange Stock Mar­ket, they are and

7. Investors who wish to buy or sell securities must act through

Test

1. Translate into English:

• акции; акционерный капитал

• облигации

• вьюококачественные ценные бумаги

• первоклассная ценная бумага, «голубые фишки»

• торговля (ать)

• рынок

• покупать (продавать) ценные бумаги

• цена покупки

• цена продажи

• повышение цен

• падение цен

• бьж

• медведь

• фондовая биржа

• заключать сделки

2. Translate into English:

1. Ценными бумагами торгуют на фондовой бирже.

2 Брокеры и маклеры заключают сделки на бирже.

3. Ты можешь продать или купить ценные бумаги на фондовой бирже по ры­ночной цене в любое время.

4. Ценные бумаги с государственной гарантией выпускаются Британским пра­вительством.

3. Answer the questions:

1. What documents can we call securities?

2. What securities are called gilts?

3. Who is admitted to transact business at the Stock Exchange?

4. What does an investor do if he wishes to buy or sell securities?

5. What prices does the jobber usually quote to the broker?

6. Who is a bull (bear)?

7. What are the biggest stock exchanges in the world?

4.Переведите словосочетания, обращая внимание на формы Present Participle u Past Participle.

• securities issued by the Government

• securities traded at the Stock Exchange

• people dealing on the Stock Exchange market

• the speculator wishing to sell securities

• Stock Exchanges providing round – the clock operation

5.Translate into Russian:

1. In Russia the fist official Stock Exchange was opened in St. Petersburg in the year of its foundation (1703)

2. The London Stock Exchange offers the largest range and number of securities

3. Stock Exchanges are the markets where stocks and shares are bought (buy – bought - bought) and sold( sell-sold-sold) under fixed rules.

Tasks

Translate the sentences:

I. The main idea of stock exchange is ю attract capital by selling securities

to investor.

2 When you buy preference or ordinary shares you become part owner of the company.

3. The holders of preference shares have a right to a fixed income of 5% per share. ,

4. Ordinary shares are fixed units of the company's share capital that provide a profit in the form of dividends.

Answer the questions

1) What are the usual values of shares?

2. Are shares divisible?

3. Are deferred shares similar to ordinary or preference shares?

4. 4- Are stocks divisible?

5; Can inactions of stocks be bought and sold?

Сhoose the correct answer

Securities are:

1. foreign currency

2. documents, certificates such as bonds, stocks and shares

3. commodity Stock exchange is:

1. a market where foreign currency is traded

2. a market where commodities are traded

1. a market where stocks and shares are traded under fixed rules Bear is:

1. someone who expects a fall in prices

A bear is:

2. a man going to a bull

3. someone who buys newly issued shares in the expectation of a quick rise in price

Translate:

Доля в капитале компании, выплата дивидендов, акционерный капитал,

владелец акций, ставка дивиденда, номинальная стоимость акций,

гюлучение дохода

Подготовка к тестированию по разделу Финансы