Главная страница | Контакты | Случайная страница Автомобили Астрономия Биология География Дом и сад Другие языки Другое Информатика История Культура Литература Логика Математика Медицина Металлургия Механика Образование Охрана труда Педагогика Политика Право Психология Религия Риторика Социология Спорт Строительство Технология Туризм Физика Философия Финансы Химия Черчение Экология Экономика Электроника

Commodity Exchange

Товарная биржа.

Study the words and the word-combinations.

commodity exchange — товарная биржа;

futures market — рынок сделок на срок;

futures contract — фьючерский контракт;

trade — торговать (in — чем-либо; with — с кем-либо);

binding — обязывающий;

specify — точно определять;

open outcry — свободный биржевой торг;

whereby / wherewith — посредством чего;

generate — порождать;

sufficient volume — достаточный объем;

two-way business — двусторонние сделки;

owing to — вследствие;

associate — связывать;

insurance — страховой;

adverse movements — неблагоприятные изменения;

interest rate — процентная ставка;

expectation — ожидание;

commit — вверять;

speculation — спекуляция, игра на бирже;

purchase — покупать; покупка;

asset — имущество;

on the assumption that — при условии, что

Chicago Board of Trade — Чикагская торговая палата;

grain — зерно;

voluntary — добровольный;

association — союз;

prominent — выдающийся;

merchants — купцы;

wheat — пшеница;

outlying — отдаленный;

enable — давать возможность;

avoid — избегать;

legislature — законодательная власть;

incorporate — регистрировать как корпорацию;

legislative — законодательный;

sell by sample — продавать по образцам;

grade — сортировать;

standardize — стандартизировать;

facilitate — содействовать;

access — доступ;

trading floor = pit — операционный зал товарной биржи;

pit — яма;

account — выгода;

eventually — со временем;

term — термин;

volume — объем;

value — стоимость;

corn — кукуруза;

oats — овес;

rye — рожь;

soy-bean — соевый боб;

oil — масло.

I. Scan through the text. Restore the word order in the questions that follow and answer them.

Commodity Exchange

Commodity Exchange – also called Futures Market, or Futures Exchange, organized market where futures contracts are traded. A futures contract represents a binding agreement to buy a commodity at a specified price on a specified future date. Thus it is possible for a trader to obtain a guarantee for the price he will have to pay for a commodity in the future. The method of obtaining a price is usually in open outcry in the commodity exchange. There are two basic types of traders in a futures market: hedgers and speculators. Both are necessary to the market in order to generate a sufficient volume of two-way business. Hedging – the process whereby a dealer or investor will seek to gain some protection against the possible loss of their investment owing to some sudden movement in the market. Hedgers seek to avoid or minimize the financial risks associated with their current commercial activity by taking out an insurance policy in the shape of a futures contract against adverse price or interest-rate movements. On the other hand, the speculator, in the expectation of making a profit, seeks risk by committing his funds to back his own view of higher or lower prices or interest rates. Speculation – a risk on the purchase of an asset (an item of property or value) that it will rise at some time in the near future and can be sold for a profit, or the sale of an asset on the assumption that its price will drop and it can be purchased at a lower price, hence make a profit.