Title BE 48 - Corporate banking.pptx ✅

BE 48: CORPORATE BANKING ENGLISH FOR BANKING AND FINANCE
WARM-UP Can you name three products a bank offers to corporate clients? What is it important for a bank to do before it lends money to a company?

I. Vocabulary Talks English VOCABULARY DESCRIPTION SENTENCE Letter of credit a letter from a bank that allows you to get a particular amount of money from another bank I have arranged for my branch to send a letter of credit to the branch nearest the hotel. Bank draft a cheque (= a printed form) that can be used as a way of paying for something by a bank to another bank or to a particular person or organization Payments should be made by credit card or bank draft in U.S. dollars Credit line an amount of money that a financial organization such as a bank is willing to lend to a person or organization The company announced it had received a four-year credit line, which will allow it to borrow up to $866m to avoid a possible bankruptcy. Bank guarantee an agreement made by a bank or other financial organization to pay a debt if the person or company who owes the money cannot pay: A bank guarantee gives you extra authority when dealing with suppliers, and may allow you to avoid having to pay a substantial deposit. Corporate bond a bond that is produced and sold by a company, or the official document relating to this A lot more older people are investing in corporate bonds.