Список вопросов базы знаний

Put the verb in brackets in the right form: He shall send the drawdown notice by telefax in the form of Exhibit С attached hereto, the “Drawdown Notice”. Such Drawdown Notice must be (to accompany) by the Seller’s invoice

Put the verb in brackets in the right form: It shall (to be) used solely for the pay­ment by the Buyer to the Seller for purchase of the Equipment under the Addendum

Put the verb in brackets in the right form: It shall be made on the fifth business day after, not (to include), the Lender’s receipt of Drawdown Notice

Put the verb in brackets in the right form: So, if the Borrower is required to withhold income or other taxes or levies (to impose) on repayment of the Loan, payment of the Interest, the Overdue Interest, or other payments due to the Lender by or within Russia under this Agreement, the Borrower shall bear the taxes and/or levies regardless of their nature, and pay them to the relevant authorities

Put the verb in brackets in the right form: The obligations of the Borrower hereunder rank and will (to rank) pari passu with all other unsecured indebtedness and contingent liabilities of the Borrower

Put the verb in brackets in the right form: The parties hereto (to agree) that the disbursement shall be made directly to the Seller’s bank account upon the Borrower’s request

Put the verb in brackets in the right form: They shall be construed and (to inter­pret) in accordance with the laws of England

Put the verb in brackets in the right form: The cashier should inspect the travellers cheque to see if the signature and countersignature (to correspond)

Put the verb in brackets in the right form: When you (to change) travellers cheques for cash in another country, you sign again in the presence of the cashier (you ‘ ‘cash’ or ‘encash’ them)

Settlement ___ the two correspondents may be through the CHIPS system and then over the books of the New York Fed. Ultimately the payee’s account with its bank in Singapore is credited

So, cultural differences and ill-considered strategies have since shown that there is more to the process than simply ___ a logo on a letterhead

Some banks made expensive purchases in the United States and ___, some more successful than others

Such accounts cannot be overdrawn, and generally notice has to be given of ___

The ability to provide new and more flexible products and services ___ winners from losers in the market

The Bank is situated in Threadneedle Street, ___ the heart of the City of London

The Bank of England can influence the behaviour of commercial banks ___ controlling the amount of money it requires them to deposit in their accounts

The Bank of England exercises general authority and supervision over the banking and financial system in the United Kingdom, ___ good order and confidence

The Bank of England is also the bankers’ bank, ___ all banks doing sterling business in the United Kingdom are required to have accounts with it. Commercial banks use these accounts to make payments to one another

The Bank of England was founded in 1694 by a group of wealthy merchants and landowners for the purpose of ___ a loan for King William III in order to finance his war against Louis XIV, King of France

The banks themselves settle by making payment across the books of the central bank, either immediately in the case of gross settlement, ___ peri­odically in the case of net settlement. Where a bank does not have an account with the central bank, it must settle through a bank which does

The British clearing banks now have their own merchant banking divisions and are engaged in extensive international operations, and some merchant banks are now ___ banking services to the general public

The clearing of cheques, together with other money transfer systems, is a major activity of .. banks, which is why they are called ‘clearing banks’

The correspondent will, in turn, send a payment message to the payee’s bank. In the case of a debit collection, the payee’s bank will usually ___ the instrument to its correspon­dent for collection through its local clearing system

The Governor of ___ Bank of England is appointed, in theory, by the Queen, in practice by the Prime Minister on the advice of the Chancellor of the Exchequer

The information revolution that is ___ place in all sectors of the industry will continue to have far-reaching effects within the financial institutions

The payee’s account will probably be credited, albeit provisionally, before the payer’s account is ___

The payee’s bank will ‘collect’ the instrument – hence the term debit collection – by presenting it to the payer’s bank, in most cases ___ an organized clearing system

The payer’s bank and correspondent will settle pursuant to the correspondent arrange­ments between them; the correspondent and the payee’s bank will prob­ably settle though their accounts ___ the central bank in that Jurisdiction

The trend is for all banks to offer a wide ___ of financial services to all types of customers

There are the headquarters, ___ several branches, of the major British banks, Barclays, Lloyds, Midland and National Westminster - which occupies the tallest building in London

There is a price to be ___ for these changes. Thousands of jobs have been lost in the banking sector, and more are likely to go

There is no need to underline the importance of payment cards for the discharge of retail payment obligations. ___ from credit cards, there are a range of payment cards

These banks have a branch ___ all over the United Kingdom and provide ‘retail’ banking services for individuals, as well as for both large and small companies

These banks have a ___ network all over the United Kingdom and provide ‘retail’ banking services for individuals, as well as for both large and small companies

They are involved in the financing of international trade, and will accept, or guarantee, Bills of Exchange, ___ is why they are sometimes referred to as ‘accepting houses’

They are now far more likely to transact business ___ a cashpoint machine than facing a teller across the counter

They are specialised ‘wholesale’ banks, with a small staff and no branch network, .. raise loans for large companies and governments, and provide financial and investment advice

They co-operate to clear cheques through the Bankers’ Clearing House, a centralised cheque-clearing system ___ in the City of London

They make a branch network ___ important than it used to be as a basis for offering services to the public

They offer two kinds of accounts - deposit accounts, which bear interest and current accounts for ___ a cheque book is provided to withdraw and transfer money

Traditionally, correspondent payment has occurred because of pay­ment between ___ in different jurisdictions. With a credit transfer the payer’s bank will send a payment message to its correspondent in the Jurisdiction of the payee’s bank

Treasury bills are short-term loans sold at a discount and repaid at their face value after ninety-one days. ___ responsibility of the bank is the issue of bank notes

Typically this will be through the payee’s bank. For example, with ___ systems the payee’s bank will send a debit message to the payer’s bank

Unregulated trading by bright young men in dealing rooms and a lack of understanding of ___ instruments by senior managers within a bank increase the danger of future collapse

Whenever they are ___ to hedge a financial position, for example, derivatives are an invaluable tool of a company finance director

Where payer and payee have accounts at different branches of the same bank, an internal clearing office may be used. This is, typically, the case ___ cheques have been used. Note that payment need not be in-house, even if payer and payee have accounts at the same bank

With a debit transfer the payer has authorized its bank to pay, when the payee presents a debit instrument or ___, sends a debit instruction. In both cases the payer’s bank debits its customer’s account. Conversely, the payee’s bank credits its customer’s account

___ the clearing banks, merchant banks do not normally provide services to the general public

___, correspondent payment can involve payment between two banks in the same jurisdiction, if payment is to be in foreign currency. The banks need to use their correspondents in that foreign country, since settlement facilities need to be available in that currency

___, where the different branches are in different jurisdictions (say London and Singapore), and payment is in the currency of a third country (say Deutschmarks), payment may involve the bank’s correspondent in Germany – this because settlement is across the books of the Bundesbank