‘’ THINK SIMPLE..

THINK BIG..
DR. ASSIA DJENOUHAT
 Expert Trainer on the “African Regional Integration Index”
Consultant Trainer with “Cabinet Canadien en Stratégie et Consulting”
Dr. Assia DJENOUHAT
Marketing & Innovation Management, International Trade & E-Marketplace Researcher
Laboratory of Research on Innovation Finance and Economic; LARIEF
Associate Professor
Faculty of Economic Sciences and Management;
University of Algiers 3, Algeria
Adjunct Professor
Université Canadienne au Congo – UCAC
Institut de Management Algéro-Américain - IMAA
[email protected]
Business English for Finance & Banking
 1. R. C. Feenstra, A. M. Taylor, international trade, 2nd ed.,
Worth Publishers, 2010
2. T. A. Pugel, International Finance, 14th ed., Mc Graw Hill
education, 2009
3. R. J. Carbaugh, international trade, 13th ed., Cengage
Learning, 2012
4. Sarbanes-Oxley internal controls- effective auditing with
AS5, CobiT, and ITIL, R. R.
Resources Moeller, Wiley ed., 2008, canada
5. Oxford dictionary of finance and banking, 5th ed., Oxford
UP, UK
6. Business Vocabulary in Use – Advanced, Bill Mascull,
Cambridge University Press, 2020
7. Business Vocabulary in Use – Advanced, Micheal McCarthy
and Felicity O’Dell,
Core Textbook.. Cambridge University Press, 2020 –
8. Professional English in Use: Finance- Cambridge UP, 2020
9. http://www.plainenglish.co.uk

Dr. DJENOUHAT Assia

 Extra References for extra readings
1. Investopedia. (2023, October 4). Financial Product. Retrieved from https://www.investopedia.com/terms/i/investment-product.asp
2. Corporate Finance Institute. (2023, July 12). Financial Products. Retrieved from https://corporatefinanceinstitute.com/
3. The Balance. (2023, September 26). Types of Financial Products and Services. Retrieved from https://quizlet.com/14346969/ch-1-why-study-money-
banking-and-financial-markets-flash-cards/
4. Federal Deposit Insurance Corporation. (2023). Types of Deposits. Retrieved from https://www.fdic.gov/resources/deposit-
insurance/brochures/deposits-at-a-glance/
5. Bankrate. (2023, September 28). Types of Bank Deposits. Retrieved from https://www.depositaccounts.com/
6. U.S. Small Business Administration. (2023, October 4). Types of Small Business Loans. Retrieved from https://www.sba.gov/
7. Investopedia. (2023, October 4). Loan. Retrieved from https://www.investopedia.com/terms/l/loan.asp
8. Securities and Exchange Commission. (2023). Types of Investments. Retrieved from https://www.sec.gov/open/datasets-investment_company
9. Investopedia. (2023, October 4). Investment. Retrieved from https://www.investopedia.com/terms/i/investment.asp
10.The National Association of Insurance Commissioners. (2023). Types of Insurance. Retrieved from
https://www.investopedia.com/terms/n/nainsurancec.asp
11.Investopedia. (2023, October 4). Insurance. Retrieved from https://www.investopedia.com/terms/i/insurance.asp
12.Federal Reserve Bank of St. Louis. (2023). Types of Financial Institutions. Retrieved from
https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_St._Louis
13.Corporate Finance Institute. (2023, July 12). Financial Institutions. Retrieved from https://corporatefinanceinstitute.com/
14.Federal Deposit Insurance Corporation. (2023). What are Banks? Retrieved from https://www.fdic.gov/
15.American Bankers Association. (2023). What is a Bank? Retrieved from https://www.aba.com/
16.National Credit Union Administration. (2023). What is a Credit Union? Retrieved from https://ncua.gov/
17.CUNA Mutual Group. (2023). What is a Credit Union? Retrieved from https://www.cuna.org/
18.Insurance Information Institute. (2023). What is an Insurance Company? Retrieved from https://www.iii.org/
19.Investopedia. (2023, October 4). Insurance Company. Retrieved from https://www.investopedia.com/terms/i/insurance.asp

Dr. DJENOUHAT Assia

 Week 4: Part 2- Finance and Banking Main Concepts – 1
Finance – Products and Institutions
Week 4 – 3 hours

Finance is a broad term that encompasses a wide range of activities, including

investment, lending, and borrowing. Financial products and institutions play a vital role
in the global economy, providing the means for individuals and businesses to manage
their money and achieve their financial goals.

In this lesson, we will discuss the following topics:

❑ Financial products
❑ Financial institutions
❑ Key financial terms

Dr. DJENOUHAT Assia

By the end of this lesson, you will be able to:

❑ Describe different types of financial products

❑ Identify the different types of financial institutions
❑ Understand key financial terms

Dr. DJENOUHAT Assia

Topic 1: Financial Products
Topic Objectives and Description

1. What’s a financial product?

2. Types of financial products

Dr. DJENOUHAT Assia

Financial Product
is a facility (arrangement or intangible property)
through which, or through the acquisition of which,
a person
• Makes a financial Investment
• Manages financial risk
• Makes non-cash payments

Dr. DJENOUHAT Assia

Examples

Makes a financial Investment

A person paying money to a company for the issue of shares (the company uses the money
to generate dividends for the person and the person, as a shareholder, does not have control
over the day-to-day affairs of the company)

Manages financial risk

Taking out insurance and hedging a liability by acquiring a futures contract or entering
into a currency swap

Makes non-cash payments

Facility or direct debit of a deposit account, a facility for the use of cheques

Dr. DJENOUHAT Assia

 Types of Financial Products
There are many different types of financial products, each with its own unique characteristics. Some of the most
common financial products include:

Loans: Deposits:
Loans are funds that are borrowed from Deposits are funds that are held by financial
financial institutions and must be repaid institutions, such as banks and credit unions.
with interest. Loans can be used for a variety These funds can be accessed by depositors
of purposes, such as purchasing a home, through various means, such as checking
financing a car, or starting a business. accounts, savings accounts, and certificates of
deposit (CDs).
Insurance: Investments:
Insurance is a contract that provides Investments are assets that are purchased
financial protection against loss. Insurance with the expectation of generating income or
can be purchased to protect against a capital appreciation. Investments can include
variety of risks, such as property damage,
stocks, bonds, mutual funds, and real estate.
liability, and health risks.

Dr. DJENOUHAT Assia

Let's explore some of the most common financial products:

• Savings accounts: These accounts allow you to deposit and withdraw money
securely while earning interest on your balance.
• Checking accounts: These accounts are primarily used for daily transactions,
such as writing checks, making debit card payments, and withdrawing cash.
• Certificates of deposit (CDs): These time deposits offer a fixed interest rate for a
specified period.
• Money market accounts: These accounts combine the features of checking and
savings accounts, offering higher interest rates than traditional savings accounts
while allowing limited withdrawals.
• Mutual funds: These pooled investments provide exposure to a diversified
portfolio of stocks, bonds, or other securities.
Dr. DJENOUHAT Assia
Topic 2:Financial institutions
Topic Objectives and Description

1. What’s a financial institution?

2. Types of financial institutions

Dr. DJENOUHAT Assia

Financial Institutions
Financial institutions are organizations
that provide financial services to
individuals and businesses.

Dr. DJENOUHAT Assia

 Credit unions Banks

Insurance companies Investment firms

Types of Financial Institutions

Some of the most common types of financial institutions include:

Dr. DJENOUHAT Assia

Banks
financial institutions that accept
deposits, make loans, and provide other
financial services,
such as checking accounts, savings
accounts, and investment services.

Dr. DJENOUHAT Assia

Credit Unions
financial institutions that are owned and
operated by their members.
Credit unions typically offer lower
interest rates on loans and higher
interest rates on deposits than banks.

Dr. DJENOUHAT Assia

Investment Firms
financial institutions that provide investment
services to individuals and businesses.
Investment firms can help clients with a
variety of tasks, such as selecting investments,
managing portfolios, and planning for
retirement.

Dr. DJENOUHAT Assia

Insurance Companies
financial institutions that sell insurance
policies.
Insurance policies protect individuals and
businesses against financial loss from a
variety of risks.

Dr. DJENOUHAT Assia

Topic 3: Key Financial Terms
There are many key financial terms that you should be familiar with. Some of the most important terms include:

is the cost of borrowing money. Interest is typically expressed as

Interest: a percentage of the amount borrowed.

Principal: is the amount of money that is borrowed.

Term: is the length of time that a loan is outstanding.

APR stands for annual percentage rate. The APR is the annual
APR: cost of borrowing money, expressed as a percentage.

APY stands for annual percentage yield. The APY is the annual
APY: rate of return on an investment, expressed as a percentage.

Dr. DJENOUHAT Assia

Business English Phrases and Expressions

"To invest in" - To put money into an asset with the

1 expectation of earning a return.

Effective communication is paramount "To diversify" - To spread investments across different asset
in the financial world. Business English 2 classes to reduce overall risk.
plays a vital role in conveying complex
"To hedge against" - To take steps to reduce the potential
financial concepts clearly and concisely. 3 impact of adverse market movements.
Here are some essential Business
English phrases and expressions 4 "To manage a portfolio" - To oversee a collection of investments,
commonly used in finance: making decisions about buying, selling, and holding assets.

"To conduct due diligence" - To thoroughly investigate a

5 potential investment to assess its risks and potential rewards.

Dr. DJENOUHAT Assia

 Conclusion

Finance products and institutions play a vital role in the global

economy. By understanding the different types of financial
products and institutions, you can make informed decisions about
your finances.

Dr. DJENOUHAT Assia

Dr. DJENOUHAT Assia
Open Discussion..
Workshop

❑ Talk about financial institutions

and products in your country.

Dr. DJENOUHAT Assia

 All the BEST..
• For more discussion please contact me ..
You ‘re WELCOME..