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English summary sem 2_2de hoger_21-22
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This document contains an English summary of Raising Finance and Customer Service, including political information about the UK and US.
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Raising financeI The world’s top financial centers
This is the EIU, Economist Intelligence Unit. They are the world leader in global business intelligence.
It is an organisation that publishes reports and studies that are taken into account when creating the GFCI (= Global
Financial Centres Index).
They make macro-economic analyses and forecasts in the field of politics, economy and commodities. To see how risky an
investment in such a country is.
Vocabulary
To asses to evaluate
beoordelen
A questionnaire a survey (een enquête)
Index (plural: Indices) Indexcijfer
Intelligence (they gather information) Inlichtingen, informatie
Commodities Raw materials being traded on the stock exchange for example gold,
iron, grain, electricity etc.
Ratings You look at a company and analyse it
is it risky or not? → a/b/c rating
Compiled Samenvatten, opstapelen
Cluster effect of financial companies A group. The more companies there are, the more there will come.
This because there is a lot of expertise and people. Vb. Banken →
meer banken
Quoted Geciteerd
GFCI
GFCI (= Global Financial Centres Index is a ranking of the
competitiveness of financial centres based on more than
29,000 ratings of financial centres from an online
questionnaire together with more than 100 indices of
organisations
Top 10 financial institutions
A financial center is an area where there is a high concentration of financial institutions. The area may be a city, county,
or somewhere larger. Financial centers have the best commercial and communications infrastructure where people
conduct huge volumes of international and domestic trading transactions (= binnenlandse handelstransacties.)
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, These 10 cities have the most and best financial institutions in the
world.
Top 5: there isn’t a big difference. Asia is becoming bigger. America and
Asia are coming together.
Hong Kong: until 1995 they were part of the British Empire. That means
they could speak English and Chinees and that’s great news.
San Francisco: Big IT-industry such as Apple etc.
N°1 New York: financial center is named ‘Wall Street’:
2 stock exchanges:
1. NYSE on Wall Street: traditional companies
There is a girl in front of the NYSE-building. She’s called the ‘fearless
girl’. It is complained. It means that she want to say that there is a
problem in the financial world. Namely, that is a male world. The
glass around her means ‘glass ceiling’ so woman can look at the
heigh positions but never reach it.
2. NASDAQ on Times Square: a lot of tech companies
On a stock exchange you can buy securities, such as shares
(issued by companies); bonds (issued by companies or
governments) etc.
N°2 London
The building is called 30 St Mary Axe, also known as the ‘Gherkin’ named after ‘augurk’. It is
situated in de city of London.
1. LSE (London Stock Exchange) is an international stock exchange with major British as well
as international companies listed. The exchange is part of the publicly traded London Stock
Exchange Group.
*LSE and St Paul's Cathedral in the background
2. FTSE 100 (the Financial Times Stock Exchange): a gauge of prosperity (= welvaart) for businesses (= een maatstaf van
welvaart voor bedrijven)
→ the better the FTSE100 the better the world's prosperity. The FTSE Group is a subsidiary of the London Stock
Exchange Group. Lists the 100 UK companies by market value.
2
, You have the city of London, this is the financial district of
London, where you can find a lot of companies.
This part of the city is also known as The Square Mile. (For
tradesmen).
London itself is the most visited part of the city for shopping etc.
(touristic)
Westminster is the old part of London where you can find the
parliament etc. (for royals)
(Greater) London = Westminster + London City + 31 other boroughs (gemeenten)
the City of London = the financial center = the Square Mile in Westminster
3. Bank of England (National bank): a national bank will control
information, print….., controls the local banks so they are save and lastly
they are resilient (= sterk, veerkrachtig, weerbaar)
One of the bank's main roles is
1) to make sure that people in the UK can pay for things easily and
safely. That's why the bank
2) produces banknotes (cash) and oversees many of the other payment systems people use (for example, debit or
credit cards).
3) They also do everything they can to keep the cost of living stable so that money retains its purchasing power.
One way they do this is by changing the main interest rate in the UK. And they
4) Regulate UK banks and other financial companies, so people know they are safe and sound.
4. Primary insurance and reinsurance (around Lloyd’s of
London) → City of London
Lloyd’s of London is a market for insurance. On the
one hand, there are the risk takers and on the other,
there are the customers who want a risk covered.
This is Luc Lyckx, he is the man who designed the euro.
The obverse of the coins, which is common to all euro countries,
was indeed designed by Luc Luyckx of the Royal Mint of Belgium.
The obverse shows the value of the coin and the map of Europe
with twelve stars.
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