美国人这样说银行英语Chapter 2-4-2 金融创新实用对话及情景句（二）

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[00:03.16]2-4-2 Financial innovation (2)	金融创新(二)
[00:04.08]Cooley: Coase, long time no see.	库利:科斯,好久没见到你了。
[00:06.69]Coase: Yes. How are you recently?	科斯:是呀,你最近怎么样？
[00:09.06]Cooley: I'm OK. 	库利:我还好,
[00:11.42]Do you know swap market of foreign exchange? 	对了,你了解外汇掉期业务市场吗？
[00:14.78]While valuable to investors and borrowers, the swap is also very useful to importers and exports, isnl it?	掉期业务对海外投资 者和借款者有用也会对进、出□商很有用吧？
[00:23.13]Coase: No, it isn't. 	科斯:不是这样。
[00:25.06]As you know, payments and receipts in international trade are frequently delayed. 	如你所知,在国际贸易中货款的收付常被延期。
[00:30.18]There are a lot of uncertainties in it. 	其中有 许多不确定性。
[00:33.50]Cooley: Swaps must be very popular with banks to avoid risk 	库利:掉期业务对于银行规避一定风险很通用,
[00:37.12]because of their many tradings in specific future days with so many different markets.	因为银行的许多交易是发生在许多不同的市场上,但其交割是在未来某一特定时间进行的。
[00:42.52]Coase: Yes. You are right.	科斯:你说的对。
[00:45.53]Cooley: Do you know the currency future contract?	库利:你了解货币期货合同吗？
[00:49.02]Coase: Yes. We know something about the trading procedure of currency future contract. 	科斯:是这样。货币期货合约的交易程序我们了解一些。
[00:55.03]But it seems that most of future tradings are for speculation. 	但看上去期货 交易大多是为了投机。
[01:00.15]Speculation is one of the purposes for future trading.	投机只是期货交易的目的之一。
[01:03.59]Cooley: What is a currency option?	库利:什么是货币期权业务？
[01:06.23]Coase: Unlike forward and futures contracts, currency options give the buyer the opportunity, 	科斯:货币期权业务与远期合同及期货合同不一样,
[01:11.71]but not the obligation, 	它使得外币期权合同的买方拥有一种选择权利,
[01:13.73]to buy or sell the foreign currency at a preagreed exchange rate in the future.	在将来的约定日期以约定的汇率买 入或卖出外汇，而不是义务。
[01:19.03]Cooley: It seems that a currency option is more flexible. 	库利:看起来外币期权业务要更灵活。
[01:23.00]Does the buyer of the option trading need to pay the seller for this option?	期权交易的买方需要向卖方对此 期权合约支付一定的费用吗？
[01:27.45]Coase: Yes, the buyer needs to pay a premium to the seller. 	科斯:是的。买方应向卖方支付一定金额的保险费。
[01:31.76]No matter whether the buyer will honor the option contract, he won't take back the premium. 	不管买方是否履行期权合同,买方所交付的保险费均不能收回。
[01:37.23]There are two kinds of currency options. 	外币期权业务有两种类型。
[01:40.33]American Options allow the buyer to exercise at any time during the maturity of the option, 	美式期权允许买方在期权合约到期之前的任何时间履行选择权。
[01:45.95]while European Options allow the buyer to exercise only on the expiry date of the option.	而欧式期权只允许买方只能在期权合约到期日当天履行选择权。
[01:52.58]Cooley: That sounds interesting.	库利:听起来挺有趣的。
[01:55.89]实用情景句型
[01:58.65]There are a lot of uncertainties in it.	其中有许多不确定性。
[02:02.17]There are many uncertainties in it. 	其中有许多不确定性。
[02:04.72]There are more uncertainties in it. 	其中有许多不确定性。
[02:08.68]Thereinto they exist many uncertainties.	其中有许多不确定性。
[02:13.87]There's some uncertainty in the economy. But in the long run, you've got to be confident about your economy.	经济仍然存在许多不确定性，但长期来看，你们要对国家经济有信心。
[02:21.98]Markets operate in an atmosphere of uncertainty.	市场的气氛就是不确定性。
[02:26.70]And, many people believe the market's volatility will persist for some time, too.	并且，许多人认为市场的不确定性也会持续一段时候。
[02:32.58]The uncertainty will be resolved by a future event.	这种不确定性将被未来事项所确定。
[02:38.55]Investment and trade integration increases an uncertainty of the meaning of welfare in the terms of trade.	贸易与投资一体化使贸易条件的福利 含义有了很大的不确定性。
[02:51.18]Swaps must be very popular with banks to avoid risk because of their many tradings in specific future days with so many different markets.	掉期业务对于银行规避一定风险很通用，因为银行的许多交易是发生在许多不同的市场上，但其交割是在未来某一特定时间进行的。
[03:01.98]Swaps must be common for banks to mitigate risks because many tradings are caused in a lot of different markets. However, the delivery goes along in a certain time.	掉期业务对于银行规避风险一定很通用，因为银行的许多交易是发生在许 多不同的市场上，但其交割是在未来某一特定时间进行的。
[03:15.43]The swap lines don't mean a slew of multinational companies will now be doing deals in dollar.	这些掉期业务并不意味着众多国家的公司将来也能这样使用美元。
[03:24.30]There is a swap operation of the operations of different duration and interest rate risk hedging.	还有就是进行掉期业务，对不同期限和利率的业务进行风险对冲。
[03:37.42]But it seems that most of future tradings are for speculation.	但看上去期货交易大多是为了投机。
[03:42.70]But it looks like futures trading are mostly for speculation. 	但看上去期货交易大多是为了投机。
[03:48.32]But it seems to be mostly of speculations in forward exchange.	但看上去期货交易大多是为了投机。
[03:55.44]It seems that we have a lot in common.	看起来我们有很多共同之处。
[04:04.85]What is a Currency Option? 	什么是货币期权业务？
[04:08.32]In general, the use of interest-rate and currency options has risen dramatically in recent years.	总的来说近几年利率和货币期权使用量大幅攀升。
[04:15.81]One of the areas which is perhaps newer and where we have started to develop a lot of things over the last couple of years is concerning currency options.	货币期权是一个比较新的领域，我们这几年已开始大力发展这些业务。
[04:26.74]We believe that we are the bank in the world that is doing the most currency option business.	我们相信，我们银行是世界上货币期权做得最多的一家。
[04:38.67]No matter whether the buyer will honor the option contract, he won't take back the premium.	不管买方是否履行期权合同，买方所交付的保险费均不能收回。
[04:46.36]No matter whether the buyer carries out option the contract, the insurance premium that was turned over can't be taken back by him.	不管买方是否履行期权合同，买方所交付的保险费均不能收回。
[04:55.81]The penalty for nonperformance of contract is heavy.	不履行合同的罚款是很重的。
[05:00.68]And you can ask to continue to fulfil a contract.	并且你可以要求继续履行合同。
[05:05.31]I would not be far wrong to say the contract is fulfilled on our part.	从我们方面来说已经履行合同，这样讲并不算太错。
[05:10.46]I withheld payment until they had fulfilled the contract.	他们履行合同后，我才付钱。
[05:16.16]It is controversial whether the obligation of paying the premium could be performed by the third person.	保险费的交付义务可否由第三人代为 履行是一个颇值得探讨的问题。
[05:23.67]It is the insured's main duty, and also is the insurer's reward.	交付保险费变成了投保人的主要义务。
[05:33.83]That sounds interesting. 	听起来挺有趣的。
[05:37.70]It sounds interesting. 	听起来挺有趣的。
[05:39.76]That sounds like an exciting thing. 	听起来挺有趣的。
[05:43.95]It sounds wonderful. 	听起来挺有趣的。
[05:47.61]It sounded like fun.	听起来挺有趣的。
[05:50.48]Every dog has his day!	时来运转。
[05:53.39]What he said came off as very mean.	他说的话听起来挺刻薄的。
[05:58.01]That sounds quite reasonable. I hope there's no damage at all.	听起来挺合理的。我希望一点损失都没有。

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美国人这样说银行英语Chapter 2-4-2 金融创新 实用对话及情景句（二）

美国人这样说银行英语Chapter 2-4-2 金融创新实用对话及情景句（二）