New Skills
- ✅ Listen and recognise the sequencing of a deal
- ✅ Use core banking terminology naturally
Reviewed Skills
- ✅
| Concept | Definition | Example | Translation |
|---|---|---|---|
| Treasury | bank department that manages money funding and financial risk | The treasury manages daily funding. | الخزينة |
| transaction | exchange of money between parties | A transaction will be processed. | معاملة |
| The value date | date when settlement is effective | The value date is Monday. | تاريخ الاستحقاق |
| settle | complete payment obligations | The deal will settle on Friday. | تسوية |
| respective | relating to each party separately | Funds go to respective accounts. | كل على حدة |
| principal amount | main sum of money in a deal | The principal amount is confirmed. | المبلغ الأساسي |
| potential | possible but not yet confirmed | This is a potential deal. | محتمل |
| nominate | formally choose an account | They nominate an account. | تعيين |
| nature of the | type or character of something | Explain the nature of the transaction. | طبيعة |
| execution | act of carrying out a deal | Execution will occur today. | تنفيذ |
| enter into a deal | agree to a financial arrangement | Both banks enter into a deal. | إبرام صفقة |
| documented | written and recorded formally | The deal is documented. | موثق |
| deliver funds | send money to an account | The bank will deliver funds. | تسليم الأموال |
| counterparty | other party in a financial transaction | Global Bank is the counterparty. | الطرف المقابل |
| concluded | finished and agreed | The call is concluded. | مُختتم |
🎲 Write the words
Enter into a deal
Bank Officer A: Good morning, this is Mohammad from the Treasury Department at Alpha Bank.
Bank Officer B: Good morning, Mohammad. This is David from Global Bank. How are you today?
Bank Officer A: I’m well, thank you. I’m calling to discuss a potential transaction between our institutions.
Bank Officer B: Certainly. Please go ahead.
Bank Officer A: We are looking to enter into a deal with your bank as the counterparty. The transaction involves an exchange of funds between our respective accounts.
Bank Officer B: Understood. Could you clarify the nature of the transaction?
Bank Officer A: Yes. One party will deliver funds to the agreed account, and the other party will settle the corresponding amount on the agreed value date. Both parties may nominate accounts held either locally or with a different bank.
Bank Officer B: That’s clear. What amount are you considering?
Bank Officer A: The principal amount is one million units, subject to final confirmation. Once agreed, execution will follow standard market practice.
Bank Officer B: And what settlement timeline are you proposing?
Bank Officer A: Settlement would be on a spot basis, meaning execution today with settlement two business days later. The value date will be confirmed during the call.
Bank Officer B: Alright. Once the terms are agreed verbally, how will the deal be documented?
Bank Officer A: After the call, the deal will be summarized in writing. A confirmation email will be sent detailing the agreed terms, including the counterparties, amounts, accounts, and value date.
Bank Officer B: And the confirmation would require acknowledgment from our side?
Bank Officer A: Yes, exactly. The deal will be considered fully confirmed once both parties acknowledge the written confirmation.
Bank Officer B: That works for us. Please proceed with the confirmation once the call is concluded.
Bank Officer A: Perfect. I will send the confirmation shortly. Thank you for your time.
Bank Officer B: Thank you, Mohammad. We look forward to working with you.
Notice the correct use of tenses
- Present for facts
- Future for actions
- Conditional for proposals
Notice the clear sequencing of a deal
- Verbal discussion
- Agreement
- Execution
- Written confirmation
- Acknowledgment
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