金融英語口語 25.Currency Option 1
[00:00.00]New Words
[00:00.89]新單詞
[00:01.78]challenge v.
[00:02.43]引起，要求
[00:03.08]eliminate v.
[00:03.71]消除，抵消
[00:04.34]adverse adj.
[00:04.88]不利的
[00:05.43]premium n.
[00:06.05]保險(xiǎn)金
[00:06.66]confirmation n.
[00:07.48]確認(rèn)書
[00:08.31]Phrases & Expressions
[00:10.24]read one's mind
[00:11.18]看出某人的心思
[00:12.12]sort out
[00:12.81]把...分類，把...整理
[00:13.51]more or less
[00:14.33]或多或少
[00:15.15]run a risk
[00:16.01]冒險(xiǎn)
[00:16.88]lose one's patience
[00:18.12]失去耐心
[00:19.36]Z:How are you, Mr. Steward? We haven't seen each other for a whole week.
[00:21.37]張：您好，斯特沃先生。一周末見了，近來好吧?
[00:23.38]S:I'm fine. Yes, time is flying by. How are you, Zhang Jun?
[00:25.78]斯：很好,時(shí)間過得真快呀!近來你也挺好吧?
[00:28.19]Z:Not bad.
[00:28.59]張：還行。
[00:29.00]S:Really? I'm afraid you have got a lot more questions to challenge me again.
[00:31.35]斯：真的嗎?恐怕這次你來，又有一大堆問題等著我呢!
[00:33.70]S, Z:Ha-ha... (laughing)
[00:34.63]斯與張：哈-哈(一起笑起來)
[00:35.55]Z:Yes, you are reading my mind. Last time when I went back to my dormitory,
[00:38.28]張：是啊，你可真清楚我是怎么想的。上次我回到宿舍，
[00:41.01]I made an effort to sort out the information you provided.
[00:42.84]把您講的一大堆內(nèi)容整理了一下，
[00:44.67]I was still a bit confused.
[00:45.56]發(fā)現(xiàn)還有一些弄不明白。
[00:46.45]S:Yes? What exactly bothered you?
[00:47.93]斯：是些什么問題呢?
[00:49.42]Z:As you said the forward market of foreign exchange is very helpful for companies of foreign trade to avoid possible loss.
[00:53.13]張：您說過，期貨外匯交易可以使外貿(mào)公司避免一些可能的損失。
[00:56.84]S:Yes, that's true.
[00:57.53]斯：是的。
[00:58.23]Z:But, how about... you see...
[00:59.69]張：但，是怎樣來避免的呢?您想...
[01:01.15]S:You can give me an example to illustrate your disagreement.
[01:02.93]斯：你可以給我一個(gè)實(shí)例，來講清楚你的不同意見。
[01:04.71]Z:For instance, a German company knows that it will need an amount of US dollars in three weeks to pay for imports of facility from the United States of America.
[01:11.03]張：比如說，某一德國公司從美國進(jìn)口一批設(shè)備，需要在三周內(nèi)用美元支付。
[01:17.35]As you said, they can buy the dollars forward to reduce or eliminate the risk of an adverse movement in exchange rates between the Deutsch mark and the US dollar.
[01:23.04]您說過，這家公司可以作外匯期貨交易購買美元，以降低甚至抵消德國馬克與美元之間匯率的不利變化而產(chǎn)生的風(fēng)險(xiǎn)。
[01:28.74]But exchange rates are changing.
[01:30.20]但是，匯率在不斷地波動(dòng)著。
[01:31.66]Maybe, there will be a favorable movement in exchange rates between Deutschmark and the US dollar.
[01:34.75]也許，德國馬克與美元的匯率有可能產(chǎn)生有利的變化。
[01:37.83]Then, why can't the company wait for three weeks to buy the dollars at the spot rate?
[01:40.28]那么為何該公司不可以等到三周后再來作即期交易購買美元呢?
[01:42.74]S:You are realy smart, Zhang Jun. Let me tell you, that's just the original idea of currency options.
[01:46.61]斯：張軍，你的分析真是頭頭是道。我現(xiàn)在告訴你，那只是所謂外匯期權(quán)的本來意義，
[01:50.47]Z:Currency options? I have never heard of this term. Would you please give me more detailed information about it?
[01:54.13]張:外匯期權(quán)?這個(gè)名詞我從未聽說過.您能否詳細(xì)地解釋一
[01:57.79]S:Sure. What I told you last Saturday is not wrong.
[01:59.80]斯：好的。上周我告訴你的那些沒錯(cuò)的
[02:01.81]But let me give you a wider and more complete picture about foreign exchange.
[02:04.40]現(xiàn)在我給你再講一些外匯交易方面的知識。
[02:06.98]More or less, foreign exchange dealing involves a calculated gamble on exchange rates.
[02:10.13]外匯交易或多或少有點(diǎn)像對匯率來一次有意的賭博。
[02:13.28]Z:Why 'gamble'?
[02:14.11]張：為什么您用“賭博”這個(gè)詞呢?
[02:14.95]S:Isn't foreign exchange dealing like a gamble? As you described in your example,
[02:17.65]斯：你說，外匯交易像不像賭博?從你舉的例子來說，
[02:20.36]the German company may get a better exchange rate if it waits for three weeks to buy the dollars at the spot rate.
[02:24.21]那個(gè)德國公司如果等到三周以后再即期購買美元，匯率有可能對他們有利：
[02:28.06]But things will also go against us. Three weeks later, the rate could be worse.
[02:31.39]但也可能事與愿違，三周后的匯率也許變得很糟糕。
[02:34.72]So anyway, either course of action runs a risk.
[02:36.79]因此，不管是前者，還是后者都承擔(dān)風(fēng)險(xiǎn)。
[02:38.85]Z:But what are all these related to currency options?
[02:40.74]張：但您以上所說的一切與期權(quán)有什么關(guān)系呢?
[02:42.64]S:Oh, don't lose your patience.Under the currency option,the customer pays a premium to the bank.
[02:46.11]斯：你得沉住氣呀!想要取得期權(quán)，客戶得向銀行支付一筆保證金。
[02:49.59]Z:What advantages concerning foreign exchange can the customer enjoy?
[02:51.94]張：那么客戶在外匯買賣時(shí)享有什么好處呢?
[02:54.29]S:After the customer of the bank pays a premium, the bank send out confirmation of the deal.
[02:57.72]斯：在客戶向銀行支付了一筆保險(xiǎn)費(fèi)或保證金以后，銀行就出具一份外匯期權(quán)交易的確認(rèn)書。
