English for the Financial Sector Intermediate Teachers Book Frontmatter

Cambridge University Press978-0-521-54726-0 - English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information English for the Financial Sector Teacher’s Book Ian MacKenzie © Cambridge University Press www.cambridge.org Cambridge University Press 978-0-521-54726-0 .org/9780521547260 © Cambridge University Press 2008 This publication is in copyright.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information CAMBRIDGE UNIVERSITY PRESS Cambridge. Cape Town. Cambridge CB2 8RU. Singapore.cambridge. Madrid. no reproduction of any part may take place without the written permission of Cambridge University Press. UK www. Delhi Cambridge University Press The Edinburgh Building. New York.org .org Information on this title: www. First published 2008 Printed in the United Kingdom at the University Press.cambridge. Subject to statutory exception and to the provisions of relevant collective licensing agreements. São Paolo. Cambridge A catalogue record for this publication is available from the British Library ISBN 978-0-521-54725-3 Student’s Book ISBN 978-0-521-54726-0 Teacher’s Book ISBN 978-0-521-54728-4 Audio CD © Cambridge University Press www.cambridge. Melbourne. cambridge.Cambridge University Press 978-0-521-54726-0 .English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information Contents Student’s Book Contents 4 Introduction 8 1 The organization of the financial industry 11 2 Telephoning 17 3 Retail banking 21 4 Business correspondence 1 26 5 Loans and credit 28 6 Business correspondence 2 33 7 Accounting 38 8 Socializing 42 9 Central banking 46 10 Meetings 1 50 11 Financing international trade 53 12 Meetings 2 56 13 Foreign exchange 59 14 Writing reports 1 63 15 Stocks and shares 66 16 Writing reports 2 71 17 Mergers and acquisitions 76 18 Negotiating 1 79 19 Derivatives 83 20 Negotiating 2 86 21 Asset management 90 22 Presentations 1 95 23 Regulating the financial sector 99 24 Presentations 2 105 Thanks and acknowledgements 108 3 © Cambridge University Press www.org . Formal and informal An angry phone call style 2 Lending decisions. Handling information The development of the financial industry. The future of bank branches Regulation and deregulation Reading Student’s Book Content Cambridge University Press 978-0-521-54726-0 . Responding to a phone call. Apologizing Role plays: Lending Email summarizing decisions. Asking for information Permission.© Cambridge University Press Retail banking Business Email and web correspondence 1 addresses Loans and credit Business correspondence 2 3 4 5 6 Key vocabulary of loans and credit Key vocabulary of retail banking Telephoning 2 Key vocabulary of banking products and services The organization of the financial industry Vocabulary 1 Unit Arranging meetings. Going international Listening Banks and bonds Role play: Bank account terms and conditions Speaking Advising and suggesting Formal and informal style 1 Emails Writing Replying to a letter of complaint.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information 4 www. necessity and prohibition Language focus A letter of complaint. Advising a meeting on bank products and services Email etiquette Likelihood and probability Role play: Should we invest in our branches? Pronouncing the alphabet Role plays: and saying telephone Arranging numbers meetings.cambridge.org . Margins Commercial Retail banking and investment banking. Talking about figures 1 Financial statements.© Cambridge University Press Monetary policy. Saying goodbye Types of accounting. Talking about your career.org . agreeing and disagreeing Checking and confirming information Controlling meetings Talking about figures 2 Expressing opinions Role play: Outsourcing a call centre Role play: Clarifying Incoterms Role play: A meeting Central banking decisions Making small talk and Role plays: keeping the conversation Greeting visitors going and making small talk. Interruptions and digressions Central banking 9 Key vocabulary of financial statements and accounting Vocabulary Key vocabulary of meetings Socializing 8 10 Meetings 1 Accounting 7 Unit Email summarizing action points Writing Cambridge University Press 978-0-521-54726-0 . Saying figures Greeting people and making introductions.cambridge. Talking about your career. Saying goodbye 12 Meetings 2 Word combinations relating to meetings Concluding a meeting Asking for information about bills of exchange How a letter of credit works The Bank of England Language focus Role play: Presenting financial statements Speaking Asking for and giving opinions. Barclays’ balance sheet Listening 11 Financing Key vocabulary international trade of letters of credit and bills of exchange Key vocabulary of central banking and monetary policy Reading Chairing a meeting.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information 5 www. cambridge. A report on a trade finance website Writing Role plays: Making Summarizing a negotiation proposals and conditional offers.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information 6 www. Discussing a portfolio Describing a graph Speaking Cambridge University Press 978-0-521-54726-0 .Vocabulary © Cambridge University Press 18 Negotiating 1 Learn to Love Negotiating Mergers.org . takeovers and buyouts 17 Mergers and acquisitions Cause and effect Style and tone Understanding market reports Linking words Describing trends and graphs Language focus Conditional offers. consequences and contrasts Exchange rates. Currency trading Reading 15 Stocks and shares Key vocabulary of the stock market 14 Writing reports 1 13 Foreign exchange Key vocabulary of exchange rates Unit Summarizing a meeting A report on facilities in the new head office Findings and recommendations. Making proposals. Should we grant this counter-proposals and loan? conditional offers Catering choices. Health and leisure needs Head office relocation 16 Writing reports 2 Freely floating exchange rates Listening Why stock markets A financial market matter report Vocabulary to Facts and opinions describe reasons. takeovers The role of banks and buyouts Key vocabulary of mergers. Negotiating a loan Describing cause and effect Role play: A takeover bid Describing and drawing a graph. © Cambridge University Press Derivatives. The end of a presentation Dealing with questions and troubleshooting Beginning and ending the parts of a presentation.org .cambridge. and allocation Investment styles Key vocabulary of derivatives Vocabulary 22 Presentations 1 21 Asset management 20 Negotiating 2 19 Derivatives Unit Email summarizing a meeting. Saturday opening Derivatives Listening Role play: Negotiating Saturday opening Dealing with conflict Visual aids Parts of a presentation. Concluding a successful negotiation.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information 7 www. summarizing and paraphrasing Language focus The FSA. An investment ‘time bomb’ Reading Learning styles Conflicts of interest 23 Regulating the financial sector 24 Presentations 2 Concluding an unsuccessful negotiation. A complete presentation Ethical choices Preparing an introduction Using diplomatic language Role play: Disagreeing diplomatically Defending or criticizing derivatives Speaking Clarifying. Conflicts of Word formation interest The introduction Key vocabulary of Fund management Asset management asset management and allocation. A letter of complaint Writing Cambridge University Press 978-0-521-54726-0 . The ending of a presentation. but the wording is very close to the original.5 and 2. The two types of units The odd-numbered units are content-based. Between them. central banking. The original interviews have been rerecorded to make comprehension easier. accounting. a member of the Bank of England’s Monetary Policy Committee. financial regulation and supervision. summarizing. and file cards for the speaking activities in the units. and have a high density of specialized vocabulary. tapescripts. How long is it? The course provides approximately 50 hours of lessons. investment banking. an investment consultant. Some of the material can also be done as self-study or homework.org . case studies and role plays • develop business communication proficiency by increasing learners’ confidence and fluency in a range of skills • practise specific language functions such as advising. clarifying. and people from a range of banking backgrounds. the interviews and texts give an overview of a particular area of finance. The interviewees include the former director of the Bank of England’s Centre for Central Banking Studies. reviewing. as well as a short text. suggesting.cambridge. international trade. They are accompanied by comprehension and Vocabulary exercises. Each of the 24 units should take between 1. using interviews with financial professionals • improve speaking skills through discussion.Cambridge University Press 978-0-521-54726-0 .English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information Introduction …nglish for the Financial Sector consists of a Student’s Book. asset management. Who is …nglish for the Financial Sector for? …nglish for the Financial Sector is a course for business students and people working in the financial industry with an intermediate or upper-intermediate level of English (Common European Framework for Languages levels B1/B2 and upwards). often from an authentic source. etc.) • build financial vocabulary through reading. and this Teacher’s Book. introduce essential concepts. listening and discussion • develop comprehension of financial texts • develop listening skills. a word list. The Student’s Book contains 24 units. foreign exchange. usually containing an authentic interview with someone working in the financial sector.5 hours of class time. agreeing and disagreeing. securities. Aims of the course The course aims to: • cover the basic concepts of most areas of finance (retail banking. two audio CDs. a financial director. Discussion 8 Introduction © Cambridge University Press www. and making presentations.cambridge. Clear examples are followed by practice exercises to help consolidate learning. Pair and group work Virtually all the exercises and activities are designed to be done by pairs or small groups of learners. Students requiring further information about finance. Many of the exercises and activities can also be done as self-study. elicit information from them.htm http://www. with the teacher taking one of the roles. in a financial context: telephoning.com/invest/glossary/bfglosa. and exercises designed for selfstudy.jhtml http://www. letters and reports.htm http://www. in pairs or small groups’.ch/ The last two glossaries in this list are in English. Where the instructions do not specify ‘. this should be taken as implicit.nytimes.htm http://biz.com/library/financial/glossary/bfglosa. negotiating.. 2006). Finding out more about finance There is a Background containing additional information in most of the content units in this Teacher’s Book. writing emails.com/ http://www.. with their books closed. German and Italian. might be interested in Professional …nglish in Use Finance (Cambridge University Press. There are a number of comprehensive financial glossaries available on the internet.ubs. they will be able to bring their knowledge and experience to bear on the activities and exercises.html http://tradition. Although these units endeavour to cover the basic concepts and terminology of finance.org .Cambridge University Press 978-0-521-54726-0 . Teaching pre-service and in-service learners If your learners already work in finance. The trick of teaching specialized forms of a language is. If your learners know more than you about a subject. In oneto-one lessons.com/f/g/ http://www.finance-glossary. American.yahoo. Each unit has a Language focus section looking at a specific language area. both learners and teachers may want to search for further information. The even-numbered units practise business communication skills. and Practice activities allowing learners to use key language in a real or typical context. It would be possible to begin many of the units by eliciting information about the topic from the learners.bloomberg. of course. Tapescripts of all the listening material are also included at the back of the Student’s Book. If your learners are full-time business students who have not yet worked in finance.com/pages/home. French. socializing. to use the learner as a resource whenever possible. including (at the time of writing – internet addresses can and do change): http://www.investorwords.forbes.axone. definitions.com/1/e/about/bterms. Introduction © Cambridge University Press 9 www. participating in meetings.com/tools/glossary/index.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information topics and case studies. they might have studied the subject-matter in their own language. The listening material includes British. European and Indian speakers. Recording the activity can help with feedback. etc. you can adapt the Practice role plays. define:bond.cambridgeesol. for example.financialenglish. 10 Introduction © Cambridge University Press www. All the texts and tasks concern finance and accounting topics. The Cambridge ICFE exam consists of four papers: the Test of Reading.cambridge.org/teach/icfe/index.Cambridge University Press 978-0-521-54726-0 . Most of the other books in this series would also be useful to business English teachers. and provides practice in the skills required for the four different Tests. London: Pocket Accounting (Christopher Nobes). the Test of Writing.html …nglish for the Financial Sector covers many of the topic areas included in the examination.org/ and http://www. Pocket Finance (Tim Hindle) and Pocket Investor (Philip Ryland). The Cambridge International Certificate in Financial English This is a new examination in financial English skills for finance and accounting professionals. I recommend three books published by The …conomist in association with Profile Books. at levels B2 and C1 of the Common European Framework for Languages.English for the Financial Sector Teacher’s Book Ian MacKenzie Frontmatter More information For definitions.org . See: http://www. I hope you enjoy using this book with your learners. try typing define followed by a colon and the word you want defined into Google. the Test of Listening and the Test of Speaking. developed by University of Cambridge ESOL Examinations (English for Speakers of Other Languages) and ACCA (the Association of Chartered Certified Accountants). For more detailed but accessible explanations of financial terms and concepts.