1. Use the nouns as in the example:
| • Example | importer/country the importer's country |
| exporter/country exporter/bank exporters/country exporters/bank | exporting bank/country importing bank/country exporting bank/correspondent importing bank/correspondent Mr. Hill/lecture Mr. Hill/words |
2. Match English and Russian equivalents:
| in accordance with the terms and conditions of the contract | Îíè äàþò óêàçàíèå áàíêó îá îïëàòå. | |
| the underlying commercial contract | Çàòåì îíè çàáèðàþò äîêóìåíòû. | |
| the documents specified in the contract | Ñóùåñòâóåò íåñêîëüêî ñïîñîáîâ ïåðåâîäà äåíåã èç îäíîãî áàíêà â äðóãîé. | |
| to submit the documents. specified | Áàíê ïåðåâåäåò ñðåäñòâà íà ñ÷åò ýêñïîðòåðà. | |
| the letter of credit issued by the importer's bank | ïåðåâåñòè ñðåäñòâà äîëæíûì îáðàçîì | |
| to reimdurse the proceeds in due course | â ñîîòâåòñòâèè ñ óñëîâèÿìè êîíòðàêòà | |
| The bank will credit the exporters with the proceeds. | äàííûé êîììåð÷åñêèé êîíòðàêò | |
| They instruct the bank to pay. | äîêóìåíòû, óêàçàííûå â êîíòðàêòå | |
| They collect the shipping documents then. | ïðåäñòàâèòü óêàçàííûå äîêóìåíòû | |
| There are a few ways of transferring money from bank to bank. | àêêðåäèòèâ, âûäàííûé áàíêîì ýêñïîðòåðà |
3. Underline the verbs in the Passive Voice and translate the sentences into Russian:
It is essential to ensure that payment will be received.
Documentary letters of credit are opened by the importer's bank.
The proceeds are reimbuised by the importer's bank.
Documentary collection bills are presented to the importer's bank
Now mail and telegraphic tiansfers are replaced by SWIFT messages.
A message can be delivered in under 20 seconds.
Over 1 million messages are sent every day.
4. Insert prepositions:
... Monday morning the participants listened... the lecture... payments.. international trade.
It is essential to ensure that payments will be received ... terms and conditions... the contract.
The most secure methods are payments.. documentary letters... credit and. . documentary collection bills.
Documentary letters. credit are opened... a bank.. the exporter's country.
Exporters submit ... the bank all the shipping documents.
If the documents are... order the bank will credit the exporter... the proceeds.
Documentary collection bills are presented... the importer's bank.
... the recent past there were two ways... transfer! ing money... bank... bank.
5. Translate the parts of the text speaking about:
documentary letters of credit
documentary collection bills.
6. Translate into Russian:
the receiving bank
the sending bank
if the banks are logged in...
It carries a deposit balance for another bank.
It carries a deposit balance for another bank located in another city or country.
The correspondent bank engages in an exchange of services with that bank
7. Complete as in the text:
SWIFT stands for the Society...
It's a network serving... banks... countries.
It speeds up payment messages between...
If. . banks are logged-in a message can be delivered...
Over one million... via computers of SWIFT and...
A correspondent bank is one which carries...
8. Find English equivalents in the text:
ïëàòåæ ïî äîêóìåíòàðíîìó àêêðåäèòèâó —
ïëàòåæ ïî äîêóìåíòàðíîìó èíêàññî —
ïðåäñòàâèòü äîêóìåíòû â áàíê —
îòêðûòü àêêðåäèòèâ â áàíêå —
ïåðåâåñòè ñðåäñòâà —
îòïðàâèòü ñîîáùåíèå ïî ÑÂÈÔÒ —
áàíê-êîððåñïîíäåíò —
Ýòî óñêîðèò ïëàòåæ. —
9. Sum up what the text said about:
SWIFT and SWIFT messages
correspondent banks
10. Make short dialogues as in the example:
| • Example | letters of credit — The information on letters of credit is not very clear, is it? — I agree with you here. It is not clear at all. (or) — I can't agree with you I'm afraid. Everything is absolutely clear. |
| collection bill SWIFT correspondent banks payments bank transfers |