Professional Documents
Culture Documents
1852132028
BE A 18
15. INERTNATIONAL PAYMENTS
A. Four Methods of payment
a. Open account
b. Documentary credit
c. Bill of exchange
d. Advance payment
B. Fill in the missing words. Then number these stages in order, 1,6.
1. Prevailing
2. Funds 3
3. Working days 4
4. Identification 2
5. Sterling 5
6. Tradable 6
1
C. Complete the chart below
UK-based unit 0ffshore
trust fund
Aimed a private investors x x
Aimed to institutional
investors, such as pension
funds
Usually operated by fund x x
managers
Liable for UK tax x
Based in a tax haven x
Usually based on a x x
portfolio of stocks and
shares
Regulated by UK x
authorities
May carry additional risks x
A non-risk investment
Called a “mutual fund” in x
the United States