Chapter 642: Insurance

"Have you calculated the scale of funds that can be mobilized with the funds that have been withdrawn so far, plus the financing that large and medium-sized banks can provide?"

Hu Wenhai held the phone, and his tone sounded as if he was discussing whether the celery in the morning market was cheaper by two cents, and there was no indication that what he was doing would set off a storm in the financial and energy fields, or even the world situation. Pen | fun | pavilion www. biquge。 info

On the phone, Fang Jiange's voice sounded a little dry.

Although his record in RB can be described as brilliant, he enjoys a high reputation internationally. Known as Godzilla in Tokyo Bay, his series of investments in Tokyo have left the pain of RB people, and it may not be said that he will lose to Godzilla's destructive power.

Of course, in the real world, people will only cast envious and admiring glances at his destructive power, and there will be no aliens in leards who have a quirk to punish him.

But he is such a popular figure, but now he feels a little out of breath.

"It has been calculated that the amount of funds that can be mobilized at present is $40.5 billion, and the losses that can be sustained are $8.1 billion, and five times the leverage has been used. ”

"For the time being, this level of leverage will be maintained, and this operation will not be quietly entered into the village, and I will do it with great fanfare. Didn't they just take more than 10 billion yuan of contracts from us when they borrowed oil futures from the Euro-Japanese Energy Group? Let them spit it all out and force them to bet with us!"

Hearing the word betting, Fang Jiange couldn't help but feel dizzy in his head.

The so-called short order actually operates on a very simple principle, which is to lend the financial product in the hands of others, and then agree on a time to return it. After borrowing a financial product, sell it from the market, and if the price of the product falls in the future, you can buy it back for less money and return it to the person who lent it in the first place.

This process of selling at the original price, buying at a low price, and then returning it is the reason why short orders make money.

There is a problem here, that is, many orders need to be bought in the market with products, and if you buy them, they will be gone in the market. But what about short orders? Short orders are unlimited, and the contract does not disappear after borrowing and selling, but is still in the hands of a certain party in the market. As long as you borrow it again, you can still continue to sell it. Borrowing is selling, selling and borrowing, and this process can always be carried out as long as it is guaranteed.

This is the so-called betting, the demon that has bankrupted many investors.

"Yes, I see. Fang Jiange took a deep breath, and Alexander in his tone could be heard on the phone.

"Mr. Hu, Ms. Diane is here. ”

As soon as Hu Wenhai put down the phone, the office door was pushed open by Chen Fa.

During his time in the imperial capital, Hu Wenhai's secretary was served by Chen Falai. Anyone who wants to see him has to be introduced by her first.

No, even if Ms. Diane came in person, she could only be greeted by Chen Fa and brought her to Hu Wenhai's temporary reception room.

It's not that Hu Wenhai is a big name, or that he plays music when he has money, in fact, he can be said to be worried during this time.

He was not worried about the safety of his investment in the oil futures market, but he was really worried about what would happen if he didn't pay attention to what would happen if he got on a CIA plane?

He still dared to run around in the early stage of the layout, but since Saddam Hussein invaded Kuwait, he has never stepped out of the Xiangshan Hotel.

Not only is the room randomly changed every day, but the Xiangshan Hotel is surrounded by bright and dark whistles during this time, and how many relevant staff have been replaced by relevant departments are difficult to say.

There are even rumors outside that there are even a few great elders living in the Xiangshan Hotel, right? Looking at this formation, isn't there any big move?

Unless the FBI completely tears its face, it really has no way to take Hu Wenhai's battle. In any small country, maybe the FBI would dare to ask a private army to bring in artillery to attack directly.

But after all, this is the imperial capital, and the FBI may not even be so easy to get a submachine gun, otherwise Hu Wenhai would have dug a bunker and hid, and it must be able to prevent ground-penetrating bombs!

In order to make a vote in the energy market, the Americans even fought the Gulf War, let alone his halfway cutoff. As long as it is possible, Wall Street, which hates him to the bone, may be the first option to destroy the body.

Ms. Diane had made a special trip to China because there was an astonishing amount of big business waiting for her and the group of insurance companies behind her.

Generally, group buying is when buyers organize a group to go to the seller to strive for a preferential price to reach a deal, but when it comes to Hu Wenhai, he has changed direction.

In the face of this huge transaction, several sellers had to join forces to undertake this business of the ST Group.

Zurich Financial Services Group, Swiss Re, Prudential, AXA of France, and Global Insurance Group of the Netherlands, five of the world's top international insurance giants, formed a joint underwriting team, and Ms. Diane is not only the president of Zurich Financial Services Group, but also the agent of the joint insurance team.

"The underwriting content is the same as the last time, and the contract has been modified on the basis of the previous policy. ”

The time of Diane and Hu Wenhai is priceless, and there is not much time to waste after meeting, so they immediately talked about business straight to the point.

"In view of the fact that you did not have insurance during the last insurance business, we have lowered the premium ratio by one thousandth of a point, which can be regarded as a discount for old customers. ”

As he spoke, Diane flipped the cover of the contract open, revealing the first page of the table of contents of the General Provisions, with a rather conspicuous and lengthy number on it.

"According to the calculations, the total amount of the premium is US$2.45 billion, and the effective date of the insurance is calculated from the time the premium is due. ”

"Premiums aren't a problem, I just need to be sure of one thing, the sum insured is $50 billion, right?"

Diane's expression froze slightly, and he nodded and said, "Yes, the total amount of insurance coverage is five billion dollars." ”

"Then no problem, I'll sign it. ”

Since the contract can be brought to Hu Wenhai, it means that it must have been reviewed by the group's legal department, and the only thing he needed to do was the final decision on whether to sign the contract. As for how a clause needs to be adjusted, it is impossible for such a debriefing document to be on his desk.

But this is a contract of nearly $2.5 billion after all, and Diane can't imagine that Hu Wenhai would sign his name on it so happily.

The policy jointly underwritten by five major international insurance companies, integrating multiple forms of insurance such as property insurance, loss of profit and credit insurance, was specially tailored for ST Investment, with an insured amount of up to US$50 billion.

There was neither a press conference, nor flowers or applause, and there were only three people present, and I am afraid that only the number of people who knew about it could be counted by one hand, which was really not worthy of the scenery of the $2.5 billion deal.

But this is the last cornerstone for Hu Wenhai to return to the international oil futures market.

The content of insurance is actually simple, as early as when buying a large number of oil futures orders, Hu Wenhai was already ready to do more.

What if the United States is not willing to see Hu Wenhai sit back and reap the benefits, if the European energy conglomerates are not willing to bow down and admit defeat, if they are not going to play by the rules anymore?

Hu Wenhai is facing arguably the most powerful interest group in the world. If the rules don't make them profitable, who knows if they can simply rewrite the rules, or don't even want the rules?

For example......

The London Futures Exchange simply announced that the futures trading system was wrong and was hacked, resulting in a rollback of trading data?

Or just find a few royal lawyers and sue the court if the deal is not established?

Is the SFA suspected of insider trading?

There is even no reason to declare that your trading account does not exist at all, and you can sue wherever you fall in love!

In the face of these problems, Hu Wenhai really has nothing to do.

On the one hand, it was to avoid being taken on a dirt plane, and on the other hand, what he could do was to pay a huge premium in exchange for such a light and fluttering policy.

If any of these possible scenarios occur, the five major insurers will pay compensation as long as ST Investment can produce tangible evidence that its profits from the transactions carried out in accordance with the contract have been violated.

Compared with energy and financial groups, the credibility of the insurance industry and Switzerland is a little better.

Of course, if this happens, all five insurance companies will have to declare bankruptcy on the sum insured under the second policy.

But this extreme situation is, after all, a small probability event, and what if nothing really happens? The five major insurance companies will be able to share $500 million in insurance money each.

That's half a billion dollars in the early 90s!

Insurance companies are meant to take risks, not to mention whether Hu Wenhai can create $50 billion in returns, after the calculations of actuariaries, the probability is too small.

Not to mention 50 billion, I haven't seen Hu Wenhai toss for so long, but he will earn more than 10 billion, and there is no situation where the contract cannot be performed.

The $500 million premium in the early stage has already been pocketed.

The income of more than 10 billion US dollars alone is already a miracle from the outside, and people can't create miracles repeatedly, right?

Even the richest man in the world makes another $50 billion in the policy period - oh, by the way, the duration of this policy is one of the reasons why the big five insurance companies dare to underwrite it, because it has a short coverage period of only one month.

If you make $50 billion a month, and the richest man in the world is not the creator, what should you do if you print money? Even if you print money, you can't print so much money in a month!

Under the eager and unreal gaze of Ms. Diane, Hu Wenhai simply signed his name on the contract, and then Chen Fa took the corporate seal of the ST Group and stamped it heavily on the contract.

At this point, this special policy is officially declared effective.

ps. The one who left a message in the book review area, that's right, I listened to Fa Ma's song, Fairy Tale Town is really amazing!