金融专业英语课件Part Ⅱ Financial Institutions and Their Operations.ppt

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1、PartⅡFinancialInstitutionsandTheirOperationsChapter5CommercialBankingChapter6InvestmentBankingChapter7InsuranceChapter8SecuritiesChapter5CommercialBanking5.1IntermediaryServicesFunctionsperformedbycommercialbanksare:1)creationofmoneythroughlendingandinvestingactivities

2、;2)holdingofthedeposits;3)provisionofamechanismforpaymentandtransferoffunds.IntermediaryservicesofcommercialbankscoverInternationalSettlement,TrustServices,LeaseandFactoring.5.1.1RelationshipbetweenBanksandCustomers1.Debtor-CreditorRelationshipItarisesoutofthefactthatt

3、hebankholdsmoneythatbelongstothecustomer.Themoneyhastoberepaidatsometime,andthereforethebankisthedebtor,whilethecustomeristhecreditor.Asforthebank’sintermediaryservices,itisnotreferringtothoselendingandborrowingactivities,i.e.,therelationshipbetweenabankeranditscustome

4、rsisnotdebtor-creditorone.Therelationshipbetweenabankeranditsclientasintermediaryservicesisaprincipal-agentone,i.e.thebankisactingasanagentforitsclient.2.Principal-AgentRelationshipAbank,whendealingwithitscustomerdirectly,hasadebtor-creditorrelationship.Butwhereathirdp

5、artyisinvolvedtherelationshipbecomesoneofthatbetweenaprincipalandanagent.Agreement:oneparty(agent)agreestoactonbehalfoftheotherparty(principal).Agentshavetheauthoritytoperformlegalactsfortheprincipalwiththeagencyagreement.Principal’sobligations:1)compensatetheagentacco

6、rdingtotheagreement;2)reimbursetheagentforreasonableexpenses;3)indemnifytheagentagainstlossorliabilityfordutiesperformedonbehalfoftheprincipaland4)informtheagentofrisks.Agent’sobligations:1)actinthebestinterestoftheprincipalandwithcompleteloyalty;2)carryouttheinstructi

7、onoftheprincipalwithreasonablecareandskills;3)accounttotheprincipal;4)indemnifytheprincipalfordamageswrongfullycausedtotheprincipaland5)provideinformationtotheprincipal.5.1.2ItemsofIntermediaryServices1.SettlementSettlementisthestrikingofabalancebetweentwoormoreparties

8、havingdealingswithoneanother.Theevolutionofthesettlementgoesthroughthreestages:Cash-based，Paper-basedandElectronic-ba