Chapter 635: Duration

HSBC Financial Investment Department.

"Sign here...... Sign here ......" Du An handed over a gorgeous gold pen, smiled and pointed to the location on the written agreement, and watched Li Jianguo sign his name one by one.

With a million-dollar bill of exchange on the side, HSBC doesn't have the legendary threshold.

"Mr. Li, please wait a moment, I will arrange for the funds to be credited to the account. Duane smiled and stood up.

Li Jianguo picked up the coffee cup, looked at his face reflected in it, and took a sip gently, with a milky aroma in the bitterness, and his son said that he could use fried soybeans to make a new drink,...... He's looking forward to it!

Li Zhiyuan also breathed a sigh of relief and drank coffee.

With this Li Jianguo to go through the formalities, his heart was so tired, and he felt that if something went wrong with this person, he would have to hit himself when he turned around.

After a while, Duane came back with a slip: "Now that the account has been opened, then, the principal-agent agreement must also be signed." ”

Comrade Jianguo took this agreement in horror, and it was all in English, so he could only hand it over to Li Zhiyuan for him to study.

"It's all formatted text. Du An smiled at Li Zhiyuan.

Li Zhiyuan nodded, and he had to read every word no matter how formatted it.

After reading it carefully, Li Zhiyuan nodded at Li Jianguo on the side, and whispered: "No problem! The maximum proportion of the margin given here is fifty times, that is, you can use 50 million US dollars, or you don't need to buy the limit." ”

Li Jianguo took a deep breath and nodded nervously, he hoped that his son was on the side now than Li Zhiyuan.

"Well," Du An lightly clasped his hand, looked at Li Zhiyuan and then at Li Jianguo, "What kind of variety do you want to trade?" ”

Li Zhiyuan didn't speak.

Li Jianguo thought about what his son had taught: "Buy yen contracts." ”

"Oh, can you ask why you bought it?"

Li Jianguo looked at him: "We borrowed some short-term loans in yen, and we have to do some hedging." What else do you need to know about this?"

It turned out to be a short-term loan, Duane said with a smile: "We are for the sake of customers, and we can better provide advice if we understand the situation......

If it is for hedging, forward transactions are more targeted and can hedge all risks. In fact, through our counter, only one-tenth of the deposit is required, and the commission is negotiable. ”

"A tenth?"

"That's right, in fact, if you make a transaction on the CME Exchange, if the other party defaults, he will pay you no more than 10% at most......"

Li Jianguo nodded, his son told him that banks have this kind of business, and it is easy to be confused with foreign exchange futures.

This kind of transaction is generally concluded by banks and other financial institutions through telephone, fax, etc., and the transaction quantity, term, and price are freely negotiated, which is more flexible than foreign exchange futures......

However, the price of forward trading does not have the openness, fairness and impartiality of futures prices, and because there is no exchange or clearing house as intermediaries, the liquidity is much lower than that of futures trading, and the risk of default by counterparties is not small.

But the most important thing is that if you do this kind of transaction directly with the bank, the margin ratio cannot be so large, ten times the most.

However, it seems that this risk is much smaller, Li Jianguo doesn't know why Yiming didn't take this way, is it because it didn't talk about it......

Li Jianguo hadn't figured out how to answer, and Li Zhiyuan had already put the agreement on the good side: "No problem!"

"Then Li Sheng, please sign here...... here"

Li Jianguo signed.

"Li Sheng, this is the agreed transaction method, and password password, please keep it properly!"

Li Jianguo looked at it for a while and put it away carefully.

Du An smiled: "Li Sheng, there are four varieties of Yue Yuan traded on the CME Stock Exchange now, September contract, October contract, November contract and December contract, the fluctuation range is not large, and the risk is also very small. ”

"Show me the current price. Li Jianguo said.

"Wait a minute!" Du An's hand reached out and pulled out a folder from the side, unfolded it and handed it to Li Jianguo, pressing his fingers on it, explaining one by one.

Li Jianguo was big again, he didn't even understand the meaning of the above prices, he only knew that he had to buy them by hand, and he still picked up the cheap ones.

"October contract, buy some of it first, well, buy 10 million dollars. Li Jianguo's voice was a little hoarse.

"Okay, I'll buy at nine o'clock tonight, and if you need to trade later, you can call me at any time, and follow the way behind the agreement. Duane said with a smile.

Li Jianguo nodded with a tight mouth, shook hands with Du An, and said goodbye.

Looking at those documents, and the millions of dollars of foreign exchange that could not move at every turn, was thrown into a bottomless pit, he felt like he was about to have a heart attack!

"There are nine more in the back, although they are all near this bank street, but one will take at least half an hour to ......" Li Zhiyuan said at this time, he suddenly felt shocked, and quickly took off the pager from his waist and looked at the information on it.

"How?"

"It's here!" Li Zhiyuan sighed softly and looked around, "I'll call back in the car in a while." ”

"Zhiyuan, call me first. Li Jianguo said, telling his son that he had completed one-tenth of the progress of the task.

…...

Li Yiming gently put down the phone.

"How's that?" asked Li Fuzhao.

"Just came out of HSBC. Li Yiming sighed softly, "It's a little slow......"

"It's... It's not slow!"

Li Guobao said with a smile, "Although HSBC is close to the left, it must take so long to open such an investment account, and it is not you who are founding the country, you are thirty beats faster than others in everything, but others can't be faster!"

Li Guobao didn't dare to say that he still had to have lunch.

Li Yiming looked at the wall clock: "The family is half an hour, and it will be past four o'clock when they come back." ”

"Uh......"

Li Fuzhao sighed secretly in his heart, when Li Jianguo came back, he would definitely take him to Haojiang, so it was about half past four to set off, half past five to Haojiang, and six to enter the casino.

And what about this side?

At this time, if Zhiyuan sells a wave of information and gives him full time to prepare, then a bunch of people will have to meet at the Haojiang gambling table,...... Lose!

It was so scary that it had to be affected.

Thinking of this, Li Fuzhao tried hard to put on a smiling face: "Yiming, if you really want to go, you don't need to wait for them, we can go and go back quickly over there in Haojiang, Lao He, you should be enough for ten minutes of education, hahaha!"

"Is ten minutes enough? This is also the recess time, right? The normal ideological and moral class is forty-five minutes, don't you know?" Li Yiming glanced at the old Li.

Where have we ever taken this kind of class, Li Fuzhao couldn't help but laugh and hurriedly spoke: "He is not impressed by the short time, and it is not good if it is too long, and it is not good to be unable to hang on his face, ten minutes...... It's a good fit!"

When I was in school, I criticized the small problems of not paying attention to the lectures and affecting others. If you really make a big mistake, you have to wait for your parents to educate you after school!"

"Uh...... His parents... It's been many years since he passed away......" Li Fuzhao reminded in a whisper.

"No wonder!" Li Yiming snorted, "It's very serious to ask for so many wives, no matter this year, he has to ask for a small ...... next year If you have money, you will beg your wife like this, what should you do if you don't have money?

Li Fuzhao coughed lightly: "He still follows the law of the Qing Dynasty......

"Is it? Where is the Great Qing Kingdom on the map?" Li Yiming looked at him angrily, "Isn't his Great Qing Dynasty dead?