LearnEnglishProfessionals

CURRENCYEXCHANGEAUDIOSCRIPT ListentoadialoguebetweenRachel,theownerofasmallbusiness,andherbusinessaccountmanager Optionalexercise ListentothedialogueandcompleteRachelsnotes. Foreignexchangeservices 1. Wiretransferisfastestand__________waytotransfermoney. 2. Shoulduseinternationalwiresinforeigncurrencylower__________andlessrisk. 3. Knowfullcostof__________beforewireissent. 4. Sterlingwiretransfersuse__________rateapplicablewhenwireisreceived. 5. Anotheradvantageofusingforeigncurrencycouldnegotiatebetterpricefor__________. 6. Manyforeigncurrencychequescanbeclearednext__________. 7. Needtosendchequewith__________slipandforeigncash__________agreement. 8. Sendtoforeigncheque__________centre.
Accountmanager: Rachel: Accountmanager: Ah,Rachel,goodtoseeyouagain.WhatcanIdotohelpyou? Well,asyouknow,Irunasmallcompanymanufacturingchildrensclothes. Yes,anditsdoingratherwell,ifIremembercorrectly.

Rachel: Yes,Iverecentlyincreasedproduction,andImveryhappywithmysalesfigures.Infact,Ivehad someinterestfromoverseasretailerswantingtosellmyclothes.Idalsoliketobeabletobuymaterialsfromabroad.What IdliketoknowisifIcanmakeandacceptpaymentsinforeigncurrencies. Accountmanager: Weofferfullforeignexchangeservices,sothereshouldntbeaproblem.Wehaveanextensive foreigncorrespondentbanknetworksofundscaneasilybetransferredworldwide. Rachel: Sothisbankispartofanetworkofforeignbanks?

Accountmanager: Thatsright.Theadvantageisthatpaymentscanbemadeandreceivedquicklyandefficiently andatthelowestcosttoyouandyoursuppliersandpurchasers.Youcandothisbywiretransferitsthe fastestand safestwaytotransmitmoneyaroundtheworld.Usingourservices,youcansendinternationalwiresinforeigncurrency. Youpaylowerfeesthanforinternationalsterlingwires,andyoureduceriskbecauseyoulockintheexchangerateand knowthefullcostofthetransactionbeforethewireissent. Rachel: Howexactlydoesthisreducerisk?

Accountmanager: Currencyexchangeratesfluctuate,soifyousendawireinsterling,youwontknowtheexact exchangerateapplicablewhenthewireisreceivedandthefundsconvertedintotheforeigncurrency.Youcouldfind yourselfunderoroverpayingyoursupplier.Usingthesupplierscurrencymayalsomeanyoucannegotiatemorefavourable pricingofmaterials. Rachel: orunderchargingthem. Accountmanager: Rachel: Isee,andthesameappliesformycustomers.IfIusetheircurrency,Iwontbeindangerofover Exactly. Whathappensifaforeigncustomerwantstopaybycheque?

Accountmanager: Weofferforeigncurrencychequeconversionsforawiderangeofcountries.Wecanevenoffer nextdaycreditformanycountries,soyoudonthavetowaitweeksforthechequetoclear.Allyouhavetodoiscompletea foreigncashletteragreementandsendit,alongwiththechequeandadepositslip,toourforeignchequeprocessingcentre. Rachel: SoIshouldnthaveanyproblemsdealingwithforeigncurrencies.Now,Ivegotanotherquestion

Answers:1safest,2fees,3transaction,4exchange,5materials,6day,7deposit,letter,8processing

www.britishcouncil.org/professionals.htm
TheBritishCouncil,2007 TheUnitedKingdomsinternationalorganisationforeducationalopportunitiesandculturalrelations. WeareregisteredinEnglandasacharity.