Реферат: The City of London and its role as a financial centre
Figure 1.
Major Banks lending to British Residents December 1995.
Table 4.
Largest Building Societies.
|
Rank by Group Assets |
Rank After Flotations and Mergers in 1977 |
Group Assets (million pounds) |
| 1. Halifax. | - | 98,655 |
| 2. Nationwide. | 1 | 35,742 |
| 3.Woolwich | - | 28,005 |
| 4. Alliance & Leicester | - | 22,846 |
| 5. Bradford & Bingley | 2 | 15,658 |
| 6. Britannia | 3 | 14,916 |
| 7.National & Provincial | - | 14,133 |
| 8.Northern Rock | - | 11,559 |
| 9.Bristrol & West | - | 8,589 |
| 10. Birmingham Mdshires | 4 | 6,725 |
| 11. Yorkshire | 5 | 6,412 |
| 12.Portman | 6 | 3,513 |
| 13.Coventry | 7 | 3,379 |
| 14.Skipton | 8 | 3,037 |
Table 5.
Overseas Banks in Britain
(Main Countries Represented).
|
Country of origin |
Branches of an Overseas Bank |
British Incorporated Subsidiary of an Overseas Bank |
Representative offices |
Other |
Total |
|
France |
16 | 8 | 23 | - | 47 |
|
Germany |
19 | 5 | 4 | - | 28 |
|
Italy |
15 | 1 | 28 | - | 44 |
|
Japan |
28 | 6 | 15 | 4 | 53 |
|
Switzerland |
9 | 2 | 17 | - | 28 |
|
United States |
23 | 9 | 11 | 6 | 49 |
|
Other countries |
153 | 41 | 111 | 7 | 312 |
|
Total |
263 | 72 | 209 | 17 | 561 |
Source: Bank of England.
Table 6.
General and Long-term Insurance Business 1985 - 1995.
General Insurance net premiums.
Table 7.
Growth in Unit Trusts and Investment Trusts.
Definitions.
|
Assets - |
anything owned by an individual, company, legal body or government which has a cash value. |
|
Big Bang - |
a system of major changes which brought deregulation to the London Stock Exchange in 1986. |
|
Bill of Exchange - |
an officially signed promise to pay to the receiver of the bill, the stated at the fixed time. |
|
Bond - |
a certificate issued by the borrower as a receipt for a loan usually longer than 12 months; it indicates the interest rate and the date of repayment. |
|
Eurobond- |
an international certificate issued by the borrower for a long-term loan (from 5 to 15 years) in any European currency but not in the currency of the issuing bank. |
|
Securities- |
general term for stocks and shares of all types. |
|
Exchange- |
a market for the toll purchase of goods or securities. |
|
Stock Exchange- |
a market for short or long term transactions in securities . |
|
Commodity Exchange- |
a stable market for wholesale transactions in preferably commodities and raw materials |
|
Money Market- |
a market for money instruments with a period of validity of less than one year. |
|
Factoring- |
a business activity in which a company takes over the responsibility for collecting the debts of another company. |
|
Fund Management- |
managing investors’ funds on their behalf or advising investors on how to invest their funds. |
|
Financial Futures- |
legal contracts for the sale or purchase of financial products on a specified future date, at the price agreed in the present. |
|
Option- |
A contract giving the right to buy or sell financial instruments or goods for a stated period at a stated price. |
|
The London Bullion Market - |
The international gold and silver market in London where trade is done by a telephone or electronic links. |
|
Hedge |
The purchase or sale futures contract as a temporary substitute for a transaction to be made at a later date |
|
Open-Ended Fund- |
A fund without a fixed number of shares |
|
Quite-edged loans - |
Loans issued on behalf of the Government to fund its spending. |
