TECFEE case studies
TECFEE · Put your knowledge to work in context.
TECFEE is an English proficiency credential built around the language demands of Chinese financial economics: banking, securities, macro policy, corporate finance, and trade. It is aimed at candidates who already handle everyday English but need to read, discuss, and produce financial content accurately - graduate students in finance and economics, analysts preparing for bilingual roles, and professionals who correspond with overseas counterparties. The TECFEE case studies are 5 cases and about 3,350 words.
1Earnings Call: When the CFO's Tone Contradicts the Headline
You are a buy-side analyst covering specialty chemicals and listening live to the Q2 earnings call of a company in your portfolio. The CFO opens: 'Revenue grew 9% to $486 million, and adjusted EBITDA margin expanded 40 basis points.' Later she says, 'We remain very confident in demand,' but slows before 'very,' laughs briefly, and repeats 'adjusted' three times.
714 words, about 4 min2Covenant Headroom After a Debt-Funded Acquisition
You are a credit analyst reviewing a 250 million term loan for a mid-market industrial borrower. The credit agreement requires net leverage no greater than 3.50x, tested quarterly, and defines EBITDA to permit add-backs: restructuring up to 10 million, stock compensation up to 5 million, and 'run-rate synergies' up to 15 million for acquisitions.
671 words, about 3 min3Client Email on a Missing $1.2 Million Wire
You are a relationship manager at a commercial bank. At 9:10 a.m., the CFO of a client that represents 12% of your book emails: 'We wired 1.2 million yesterday to pay off loan 4471.
700 words, about 4 min4Defending a Fee Increase with an AUM Client
You are a private banker meeting a client with $18 million in assets under management. The firm is raising its advisory fee from 0.85% to 1.05% next quarter.
665 words, about 3 min5Interpreting Hedged Guidance in a Bilingual Earnings Call
You are consecutive interpreting for the CFO of a Chinese issuer on an English-language earnings call. The CFO speaks Mandarin and you render into English.
600 words, about 3 min