Chapter 77: Preparations Before the Stock Market Crash
William calculated in his heart, it is now the Nasdaq in the early 5000s, in 5 days, March 7 to the all-time high of 5048 points, 350 million 3% margin rate can buy 9039 stock indexes, a little rise and fall is 2.23 million US dollars, 49.56 million margin call can support more than 20 points, no problem.
William immediately decided: "You are afraid that my margin call will suddenly lose all of it, I can sign a contract with you, as long as the 49.56 million in the margin call is lost to 90%, you can forcibly close my account,
This 10% is to give you time to close the position, so that you will not have any losses, and I have 350 million principal in my account, even if it rises and falls by 100 points and 200 points, I will not go bankrupt, at most I will lose half,
If Mr. Grace doesn't make up your mind, then I'll have to change the bank."
Jon Grace thought for a long time before he said to William: "Mr. Devon Hill, it's almost noon, how about I let Felix accompany you to lunch, and when you come back at 1 o'clock at noon, I think we can determine how much margin rate you will have."
"OK, this is my first time in Switzerland, and I have a local snake with me to eat authentic Swiss food, Mr. Grace, I am waiting for your good news"
Felix is not a bad guy who is the exclusive account manager and took William to taste a delicious meal, Zurich veal with baked potato strips, grilled cheese, seafood soup, it tastes really good.
Wait until 1 o'clock in the afternoon, Jon Grace called on time, "Mr. Devon Hill, the board of directors has approved your request, 3% margin rate, and the position will be closed if the margin call loss exceeds 90%, congratulations Mr. Devon Hill."
William knew in his heart that the National Bank would agree to his request, because it would not cause them any loss, the Nasdaq is now so high, in the eyes of many people now, the Nasdaq can still rise to 6,000 points, and the National Bank thinks William is bullish.
William was not going to talk to the National Bank about his specific operations, and he said to Jon Grace: "When will my contract be arranged?"
Jon Grace said: "Mr. Devon Hill now, we can now"
"OK, I'll go to the bank in a moment, I'll see Mr. Grace later"
"I'll see you, Mr. Devon Hill, bye-bye."
William hung up the phone and said to Felix: "Felix, I need the best law firm in Switzerland to meet me at the bank now, 100,000 US dollars, meet me at the bank in half an hour, can you do it, Felix"
"No problem, $100,000, I promise I can do it" Felix said sorry to William and got up to call.
William waited in his seat for 5 minutes, Felix walked in and said to William, "Mr. Devon Hill, it's done, we can go to the bank now"
"OK", let's go.
When William returned to the bank twenty minutes later, the lawyer was already waiting for him, and William shook hands with the team of lawyers in Switzerland and got to know each other.
After shaking hands with Jon Grace, negotiations began, and it took three hours for William to revise the contract several times under the interpretation of the lawyer, and finally signed it before 5 p.m.
Then William and Jon Grace said, "Grace, I need your National Bank to prepare a professional team of 10 people for me, and I want it tonight."
"No problem, Mr. Devon Hill, I can give you the best team right now," Jon Grace said immediately, "Felix will have everything ready for you, and we charge a 5% rate of return, or $100,000 a day for employment."
William thought for a while and said: "If you lose money, I will pay them 100,000 yuan a day for employment fees, and if you make a profit, I will pay 1% of the profit for 100,000 a day, but I require the most strict confidentiality documents,"
William turned to the lawyer and said, "Can I ask for a clause in the non-disclosure agreement that will result in more than 20 years in prison for leaks, lawyer Simon?"
Lawyer Simon thought for a while and said: "If the leak causes you a lot of damage, of course you can, but if the loss of money is not big for you, but only for reputation, this cannot be determined, it depends on the court's judgment on your reputation loss, and there is a big limit here.
But if you're willing to pay a big signing fee to the team when they sign the contract, then I guarantee that if someone leaks it, that person will stay in jail for 20 years."
"How much do I have to pay, lawyer Simon," William asked.
"1 million Swiss francs per person, about 1 million US dollars"
William said to Jon Grace, "Can Grace do this?"
"Of course, Mr. Devon Hill, even if you don't pay this money, I can guarantee that there will be no leaks on our part of the National Bank," Jan Grace assured
William won't believe these bankers, these guys are vampires, not a good person, or even if they are a good person in life, but when it comes to money, none of these guys are really good people, and good people can't be successful bankers.
After William waited for an hour to shake hands with everyone in the 10-person team that arrived, Simon explained William's requirements to the 10 people, and when he heard about the signing, William would pay each of them a signing fee of 1 million
and hired them for $100,000 a day, none of these 10 people signed a contract with any depression, and as for the request that the leak would go to jail for 20 years, they didn't take it seriously.
By the time William signed the contract with the newly formed team of copyists, it was already 7 p.m., and William and Felix took Lawyer Simon to a three-Michelin-starred restaurant for dinner.
After dinner, William signed a check for $100,000 at the table to Attorney Simon, who happily said to William, "Thank you, Mr. Devon Hill,
You can come to me with any questions you have in Switzerland, our law firm is the best law firm in Switzerland, we can help you with anything, as long as you pay for it"
William heard Simon say that as long as you pay, you can get anything done, and complained in his heart, aren't you talking nonsense?
"Thanks, good night lawyer Simon, I'll look for you if you have any questions, bye-bye" William shook hands with Simon and his team in goodbye, and as for William's copyists, they were now preparing in a confidential room in the bank.
As soon as he entered the VIP confidential room, William saw these copyists resting with their eyes closed on the sofa and chaise longue, and did not disturb them, he found a chair and sat down, and just drank a glass of whiskey, William's mobile phone rang.
William hurriedly answered the phone and said to the mobile phone: "Wait for me for 10 seconds" After speaking, he walked out of the VIP room and said into the phone in the aisle: "Hello, which one".