"Huh. President Liu is really forgetful, didn't I just say that I am optimistic about the opportunity of Nikkei futures. Naturally, they want to find counterparties who bet on the direction of the Nikkei. Lin Haocang said with a smile.

Belch.

Liu Tiancheng was stunned, and then asked with a serious face: "Mr. Lin, you're not kidding, are you really so bearish on Nikkei futures?" Originally, he thought that Lin Haocang said that he wanted to short Nikkei futures in large quantities, just to cover the smokescreen released by his true intentions, but now Lin Haocang is not only shorting on the market, but even trying to bet on the over-the-counter market. If this is all smokescreen, the price to pay is too great.

"Ha, President Liu, do you think I'm joking?" Lin Haocang laughed and continued. "The counterparty of Nikkei futures, short selling, well, is set at a period of one year, with a transaction amount of $20 billion. Please also ask President Liu to take more pain! In terms of guarantee fees, you will not be disappointed. ”

At that time.

Lin Haocang knew that with such a large amount, no one could eat it except for Dongying's banks, insurance companies, etc. European and American financial institutions have that strength, but there is a high degree of bubble in the Dongying economy, and I am afraid that no one dares to stand up stupidly to take over this deal.

"The specific content of the contract, after President Liu finds the counterparty, your bank will come forward on my behalf and negotiate with the counterparty. ”

"Hmm, Zhang, is there a difficulty?" Lin Haocang saw that Liu Tiancheng did not respond for a long time, his brows couldn't help frowning slightly, and he asked in a low voice.

This.

He mobilized US$20 billion to enter Singapore, but he was aiming at a huge market, and if he could not find a counterparty, I am afraid that some of the funds would be idle.

"No, no problem. Many financial institutions are full of confidence in the continued rise of the Dongying stock market, and Mr. Lin is bearish on the Nikkei index, and it is not difficult to find a counterparty. In fact, many insurance companies and banks are very willing to sell Nikkei put options in large quantities!" Liu Tiancheng explained.

"Oh?"

Lin Haocang's face showed surprise. Toei Insurance Company and banks sold Nikkei put options in large quantities, and he didn't get any news.

In fact.

This is no wonder that Lin Hao is lonely and unheard, because most of these transactions are concluded in the market, which has a high degree of privacy, and it is difficult for the outside world to find out unless it is disclosed by the transaction participants.

"Huh......" Lin Haocang adjusted his mood and pretended to be calm, "Zhang, you mean that Nikkei put options have appeared in the market for a long time?"

"Of course. Liu Tiancheng replied as a matter of course. With the continuous development of the financial market and the emergence of various innovative financial derivatives, he felt that there was no problem with the emergence of Nikkei put warrants.

But.

Lin Haocang was shocked by this news, and couldn't help but think more, could it be that the European and American financial predators had already made a secret about the Dongying stock market. "Mr. Liu, do you know which bank first launched Nikkei put options, and which financial institutions are now most involved in Nikkei put options?"

Hear the words.

Liu Tiancheng couldn't help frowning, and said in a deep voice: "I don't remember who first recommended the Nikkei put option, anyway, it was a VAM agreement signed by the Bank of China and Dongying's insurance companies and banks. However, the most enthusiastic about Nikkei put options should be Citibank, Salomon Brothers and Goldman Sachs, and Whitone Bank and UBS are also involved...... In addition, there should be many financial institutions involved, but I don't know who they are. ”

"Citigroup, Solomon Brothers, Goldman Sachs, Fenghui......" Lin Haocang couldn't help but groan.

This time.

Chen Tao, who has been sitting next to him. He said loudly: "Well, Mr. Lin, I am extremely concerned about the Dongying market, but I know better. As far as I know. The Nikkei put option should have been developed by Morgan Stanley and Salomon Brothers more than a year ago, and later a group of Mi investment banks followed up and signed VAM agreements with Dongying financial institutions. At the time, Nikkei put options were a completely new and unfamiliar financial exhibit, but they were quickly sought after by Dongying Insurance Company. ”

"Morgan Stanley and Brother Solomon?"

"Yes. That's them. These two investment banks should have signed the largest number of Nikkei put option agreements! However, due to the continuous surge in the Dongying stock market's violation of economic laws, the Nikkei put options purchased were difficult to enforce due to the sharp rise in the Nikkei index, causing the participating investment banks to lose a lot of option premiums, and some investment banks that followed the trend immediately withdrew!" Chen Tao patiently explained.

Scold.

Seeing Lin Haocang's puzzled eyes, Chen Tao couldn't help but explain with a wry smile, "It's not a secret, at the beginning, I was also one of the followers!" Chen Tao was very optimistic about the prospects of this Nikkei put option, but unfortunately, the Nikkei index continued to soar. He lost tens of millions of dollars as a result, and the headquarters immediately forced him to terminate the purchase of Nikkei put options.

Well.

Lin Haocang nodded understandingly. The Nikkei index soared, and the Nikkei put option purchased by Chen Tao lost its value, which is equivalent to waste paper, although the loss is controllable, just the option premium, but not everyone can afford it. Especially when the top management is not optimistic about Chen Tao's prediction, it is not surprising that there will be losses and be ordered to withdraw from investment.

But.

It's also to blame Chen Tao for being too anxious and not grasping the timing.

"Whew. I'm going to report to Mr. Lin that I've repurchased about $1 billion worth of Nikkei put options......"

Lin Haocang waved his hand to stop Chen Tao from continuing to explain, and said with a smile: "Since I dare to give you the funds to manage, it is naturally up to you to decide." ”

See here.

Liu Tiancheng's eyelids couldn't help jumping slightly. Secretly thought, "This world-class rich man actually trusts Chen Tao so much!" could it be that ......" shook his head fiercely, eliminating the distracting thoughts in his mind.

Now, the most important thing he should think about is how to help Lin Haocang find a suitable counterparty and make this transaction. DBS Bank is not the only bank that can design a similar Nikkei put option. The Singapore branches of HSBC, Citigroup and Morgan Stanley are familiar with Nikkei put options. It also has a deep cooperative relationship with Dongying Insurance Company, and any one of them is a serious threat.

"Mr. Lin, please rest assured that we will find the counterparty you need within a month and draw up a contract that is beneficial to you. Liu Tiancheng assured with a smile. He also hopes that this happy cooperation can establish a long-term strategic cooperative relationship with Lin Haocang.

Well.

Lin Haocang nodded and smiled, "...... guarantee fee"

"Oh. Because the other party is involved, the other party may not necessarily recognize the credit guarantee of our bank, and if Mr. Lim entrusts us DBS Bank in Singapore to sign the agreement, then on the surface, our bank is the party to the VAM agreement, and it will not be able to fulfill the guarantee obligation on its own. You may need to find another international bank as a guarantor!" Liu Tiancheng explained with a smile.

Although he did not say it openly, Liu Tiancheng's attitude was already very obvious, that is, he was not willing to provide guarantees for the transaction between the two parties.

Liu Tiancheng seems to have a fiery personality and no brains. However, he can sit in the position of DBS Bank in Singapore, which naturally has its merits. Actually, he's shrewd!

Although he is not optimistic about Lin Haocang's investment in Nikkei put options, he will not take it lightly, not afraid of 10,000, just in case, in case Lin Haocang wins the bet, the Nikkei index suddenly plummets, and the party who sells Nikkei put options will definitely lose blood to vomit blood, and it is very likely that it will not be able to perform normally, and the institution as a guarantee must perform on its behalf at that time. As a result, DBS Bank in Singapore could become Lim's direct counterparty if it provided a guarantee for the transaction.

Looking back on Lin Haocang's past achievements, I dare not say that I have won all battles, but there are almost no failures in the major operations he personally intervened.

In light of this.

Liu Tiancheng became particularly cautious, and he had a plan in mind, they were only responsible for brokering transactions. On the issue of transaction guarantees, he will try to introduce a fourth party.

"It's good!"

Lin Haocang smiled and didn't say much.

……

The meeting between the two sides did not end until about 10 o'clock in the evening. During this period, Liu Tiancheng also touched on a series of other important topics. These include the establishment of an investment fund between Sky Capital and DBS Bank of Singapore, and the strengthening of strategic cooperation with DBS Bank of Singapore. Obviously, Liu Tiancheng's willingness to strengthen cooperation with Lin Haocang's company is very obvious.

Lim also understands Lau's approach, and Singapore's DBS bank's strong influence is limited to South Asia.

Since Liu Tiancheng took office, DBS Bank Singapore has been working its international expansion strategy. However, the results achieved have been very limited.

Lin Haocang did not avoid the topic of cooperation, and of course he would not agree casually, in his opinion. Only win-win cooperation can last for a long time.

The cooperation proposed by Liu Tiancheng, Lin Haocang will certainly not lose anything, but the gains are limited. On the other hand, DBS Bank in Singapore has benefited greatly.

This kind of cooperation between pay and gain is obviously asymmetrical, Lin Haocang naturally will not be stupid to agree.

So.

Lin Haocang and Liu Tiancheng talked a lot, but did not reach a cooperation agreement.

After the meeting, Liu Tiancheng and Chen Tao left the hotel. But about half an hour later, Chen Tao turned back alone.

"Mr. Lin!"

Chen Tao looked at Lin Haocang sitting in the hall and greeted him with a smile. Although Lin Haocang clearly said that the entrusted funds were all entrusted to him, and there was no need to ask for instructions.

"Sit. ”

Lin Haocang pointed to the vacant seat next to him and gestured. It seems that he didn't feel Chen Tao's return.

After taking his seat, Chen Tao organized the language a little in his heart. Then he said, "Mr. Lin, thank you for your selfless trust in me. ”

"That's when you showed me the ability to recognize. Lin Haocang smiled lightly. "Why, suddenly turning back, is it because the investment has encountered a problem?"

"Well, not really. I just ate $10 billion worth of Nikkei put options in the market. The futures market is still waiting......" Chen Tao replied. Then, he explained: "I came back to tell Mr. Lin that if you plan to invest in Nikkei put options, you don't necessarily need to directly reach a VAM agreement with the bullish investors. You can buy Nikkei put options with the help of investment banks such as Morgan Stanley and Salomon Brothers. ”

"Aren't they firmly bearish on the Dongying stock market and will sell Nikkei put options?" Lin Haocang was surprised.

"Oh, it's not necessarily true that you are firmly singing about the Dongying stock market. Perhaps, they don't need to judge the direction of the Dongying stock market at all, because no matter the Dongying stock market, they will not have losses, because they are doing a business that is sure to make profits and not lose money. Chen Tao said with a smile.

"What do you say?" Lin Haocang became interested.

Thereupon.

Chen Tao did not hide it, and told the secret 1510, "Morgan Stanley and Salomon Brothers have signed a staggering amount of VAM agreements with many Dongying companies, that is, Nikkei put options. When the Nikkei index rises, Dongying's company makes money, which means that Morgan Stanley and Salomon Brothers, the other side of the bet, will lose money, although they only lose the premium, but they can't hold up the large amount. Under normal circumstances, Morgan Stanley and Salomon Brothers would have lost a lot as the Nikkei index continued to rise, but in fact, not only did they not lose a penny, but they gained a lot. ”

"How is this possible?" Lin Haocang was surprised.

"Oh, it's incredible, but it's true. It just shows that these two investment banks are very clever!" Chen Tao said with emotion.

"In fact, it is very simple, Morgan Stanley and Salomon Brothers bought a large number of Nikkei put options did not hold them for a long time, but sold them to other investors at a high price to transfer their own risks. As a simple example, they bought a Nikkei put option from Dongying for $100, and then mobilized investors' high emotions by shorting Dongying economy and speculation, and then they took advantage of the trend to sell the Nikkei put option for $200. The market is full of voices singing about the decline of the Dongying stock market, and Nikkei put options are naturally not worried. In the process, they earn a $100 spread, and the next rise or fall of the Nikkei will not affect their profits. Chen Tao explained to Lin Haocang in detail.

I see.

Chen Tao explained this, and Lin Haocang understood.

"What do you mean...... Let me buy Nikkei put options directly from Morgan Stanley and Salomon Brothers?" a smile appeared on the corner of Lin Haocang's mouth.

"What do you mean...... Let me buy Nikkei put options directly from Morgan Stanley and Salomon Brothers?" a smile appeared on the corner of Lin Haocang's mouth.

"Yes. Although Morgan Stanley and Salomon Brothers are selling Nikkei puts at a much higher price, they are better than a large number of them, and these investment banks are bent on selling Nikkei puts and don't care who buys them. Even if Mr. Lin buys a huge amount of Nikkei put options, no one will find out. Chen Tao said.

Well.

Lin Haocang nodded involuntarily, this is a good idea. Although it will increase the cost of investment, the Nikkei is about to plummet, and the benefits will exceed imagination. The extra cost is not worth mentioning. "Are you quite confident, aren't you afraid of losing money?" Glancing at Chen Tao, Lin Haocang said with a smile.

"This is not my self-confidence, but Mr. Lin's actions have given me self-confidence and strengthened my thoughts!" Chen Tao said with a smile.

Lin Haocang glanced at Chen Tao and laughed silently. Chen Tao is a shrewd person, and he may have seen something from some of Lin Haocang's actions.

"Whew. You keep an eye on it for me, if there is a Nikkei put option at the right price, I will eat it all!" Lin Haocang thought for a moment and then decided.

"Please rest assured, Mr. Lin," Chen Tao patted his chest and reassured.

"It's getting late, so go back and rest. If you don't have enough funds, you come to me again!" Lin Haocang politely ordered the eviction.

Looking at Chen Tao who was leaving, Zhang Xiaolei frowned and reminded, "Chairman, Chen Tao has full control of the huge amount of $5 billion, and if more funds are provided to him, the risk will be too great." After all, our understanding of Chen Tao is limited to the information of the investigation, and it is not very comprehensive!"

Well.

Lin Haocang nodded in agreement, he was very optimistic about Chen Tao. But it also has to be guarded against. "Well, I happened to send a bunch of traders to Singapore recently. By the way, a few additional financial personnel will be sent to supervise the funds, and when the time comes. Send one to Chen Tao's side. I entrusted hundreds of millions of dollars of funds to him to manage, and sent a financial officer to supervise it. I don't think the other party has anything to say. ”

"It will be much better if there is a financial staff to supervise it!" Zhang Xiaolei nodded with a smile and said.