Chapter 171: Looks Perfect
As the executive director of Bayside Securities and the second-generation leader of the family, Gu Ruiduo had a very pleasant weekend.
Last year, Bayside Securities was listed on the NASDAQ, so that Bayside Securities can go all out to attack the city and seize the opportunity in the foreign exchange derivatives market, and prepare to face the rapid development of the company.
Of course, his personal relationship with Yasuo Otami, the 'Mr. Copper' of Tomozumi Trading Company, over the years, is also the key to his current position two years ago.
Therefore, when he learned about the trouble encountered by Tai Tai Nan, he naturally decisively changed the margin account of [FL North America Venture Capital Company] to a cash account, which was very bad for Tai Tai Tai Nan, which also made Tai Tai not only express his gratitude to him at the weekend party, but also expressed his willingness to help Wanbian Securities obtain a yen loan from a bank affiliated with Yuzumi Trading Company.
When I thought that under the leadership of Bayside Securities, the development of foreign exchange derivatives would be accelerated, and Gu Ruiduo was extremely happy.
The additional long-term low-interest yen loan will naturally make the company's liquidity more abundant, so Gu Ruiduo, who is looking at the Jinshan Bridge from afar, can be said to be complacent!
Knock, knock!
There was a knock on the door, and Gu Ruiduo, who turned his face, saw that it was the department head of the company who came in with the secretary, so Gu Ruiduo asked. "Hey, what's going on with FL's margin account?"
"It's very strange that the margin account of FL company was cleared as soon as the stock market opened this morning, and Lao Mark, the manager of Coopers International stationed in FL company, sent someone to print the transaction list and made an appointment to cancel the account......"
"What? They're clearing? Are they going to open an account with another broker?"
With his hands spread, the department head said that he didn't know, and after handing over a few documents in his hand, he continued to report. "The venture capital department thinks that the company should not invest more in yen forward contracts, and they believe that if the yen continues to appreciate, so many forward contracts that our company has put into the market will lead to the ...... of the company's strict problems."
"Don't be afraid! The yen is only rebounding at present, and sooner or later it will still make a new low, and although the number of forward contracts we inject into the market is somewhat large, the risk is still controllable. What's more, we are about to get a low-interest long-term loan from the Yen Bank, even if the yen continues to appreciate, we can also use the yen obtained from the long-term loan to hedge the risk of foreign exchange derivatives. We will work to complete the procedures within this month so that the yen loan from the bank affiliated with Tomozumi Trading Co., Ltd. can be received!"
After issuing the order, Gu Ruiduo sat down after the head of the department left, thought about it and dialed the phone. "Da Tingjun, the FL company that offended you has been cancelled. Presumably, the company will not have more investment channels in the entire San Francisco area......"
Da Ting Tai Nan, who received the call, turned his face and saw that the big brother Da Ting Yingnan's face was still bruised, and he couldn't help but speak immediately. "Thank you very much! I have already said hello to the bank about the low-interest loan, and Wanbian Securities can be approved as soon as the procedures are completed! I believe that the cooperation between Yuzumi Trading Co., Ltd. and your company will surely make Wanbian Securities create a new situation under your leadership, and I would like to congratulate you in advance......
After chatting casually for a few words, Gu Ruiduoke went straight to the point. "Da Ting-kun, what do you think about the possible turn of the yen as claimed by the outside world?"
"No, no, no, no! The depreciation of the yen is not good for us or the country, as the head of the Nonferrous Metals Trading Department of Tomozumi Trading Co., Ltd. It is more in the interests of our country to appreciate the yen to around 60, so if Gulf Securities is ready to increase its investment in the foreign exchange derivatives market, I still build a long-term bullish ......"
After calling the head of the venture capital department for questioning, he decided to increase investment in foreign exchange derivatives immediately after the long-term low-interest loan of the yen was in place.
Just when Gu Ruiduo firmly believed that Bayside Securities was about to usher in rapid development, Xi Meiwen arrived in San Francisco on Sunday night. But in the office, he looked through the foreign exchange market plans submitted by Smith and listened to Smith's detailed explanations of the two proposals.
"The USD/JPY market was 1:86.86 over the weekend, and the yen continues to depreciate so far today, and peer messages indicate that the probability of yen appreciation is greater. Reaching the 70 level before the end of the year is expected, so we should go short at the current level instead of waiting for the price to fall and go long......"
Seeing that Smith was still stubbornly believing that the yen would continue to appreciate, Xi Meiwen, so the time difference had not yet reversed, so he interrupted his tirade with some headaches. I don't think there is any need to dwell on the issue of the yen, and the board of directors has determined that the yen will continue to depreciate. The possibility of its appreciation is extremely low, so what I will do this time is to supervise the [Proton Investment Fund] bullish yen, and the company's request for a long buy price must not exceed 82!"
For this oriental woman who was sent by the head office to supervise the [Proton Investment Fund], Smith looked down on it from the bottom of his heart, and the professional terms he deliberately mentioned before, this woman was very at a loss, obviously a layman in foreign exchange trading!
So when he listened to the numbers that Xi Meiwen said, Smith was really confused!"82? Although the current price is above 86, according to the trend, when the yen turns down, it must not be long at 82, and can only wait for the trend to be obvious before considering entering the market!"
Although she was beating the drum in her heart, the phone call with Fu Zhengyi yesterday made Xi Meiwen definitely not lack courage and persistence, even if she said solemnly. "Smith, please remember one thing, if you can't wait, keep waiting! Intervene in the right variety at the right time, this is the basic ability that a good investment fund manager must have!"
Smith was stunned when he heard this again, and after a moment he sat down dejectedly, sighed, and spoke. "Well, since this is the company's decision, I will strictly implement it 100%!" but my team and I still maintain the original view, and hope that the company's board of directors will seriously consider ......"
"Any opinion can be put forward, as long as it is reasonable, the company will seriously consider and then adopt, but the company's requirements for the investment department is that after the decision is made, it must be 100% and implemented to the letter!
Seeing that Smith was deflated, Xi Meiwen still felt a little uneasy, so she turned her face to Mark and asked after she finished speaking. "Have all the stocks in the account been cleared?"
Mark, who nodded, handed over the list of transactions printed out by Bayside Securities. "Tomorrow this part of the funds will be able to come out, according to the requirements of the weekend BOSS, the capital gains tax on the profit part needs to be declared immediately, so the funds that can be invested in the [Proton Investment Fund] will not exceed 2.16 million ......"
"Before coming, the boss said that 10% of the profits obtained in the stock market will be donated to stray animal shelters in exchange for longer survival of the sheltered animals.
Mark was stunned for a moment, and then said with a wry smile. "There are many shelters that want to get donations, although the current implementation is that euthanasia is required if no one adopts them for a limited period of time, but for stray animal shelters, they are only because they don't have more funds to save these stray animals, so as long as they can donate more, almost every shelter is hoping to get donated......
"Well, or donate according to 10% of the profit, then the final profit belonging to the company is only 1.78 million, so after the funds arrive, the company retains part as operating funds, so the first batch of funds invested in the foreign exchange market should be 6.5 million, right?"
Smith was shocked when he heard this number, he didn't expect that FL, which had acquired his company, would have so much more money than he had imagined.
Seeing the number that came out, after being affirmed by Mark, Xi Meiwen turned her face to Smith and asked. "Smith, what is the range of financing leverage that can be allowed by the trading platform of [Proton Investment Fund]?"
"Twice to a hundredfold!"
"Then the initial investment will be divided into three accounts, operating with 50 times, 20 times and 5 times leverage respectively, does your team have a problem with the operation?"
Smith, who immediately jumped up after hearing this, was full of horror. "What? Operate with 50 times leverage with one-third of your capital? As long as the intraday fluctuation reaches two points, it will be liquidated immediately!"
Ignoring Smith's shock, she took out her notebook and checked Fu Zhengyi's explanation yesterday, and then Xi Meiwen raised her face and said. The company's requirement is that any account needs to be able to withstand the fluctuation of three points of intraday trading, according to my estimate, only 50 times the leverage of the account can not be full, the other two accounts are full of trading......"
In foreign exchange trading, 50 times the leverage operation means that the risk is magnified 50 times!
Smith could not have imagined that such a decision would be made by a seemingly professional investment firm!
Therefore, he should even be questioned. Is the board of directors of the company so sure that the yen will depreciate for a long time?
Pointing to the plan in front of Smith presumed that the yen would depreciate for a long time, Xi Meiwen smiled. "Who said that the board of directors affirmed it? Isn't that the attitude expressed in the proposal you submitted? FL head office made the above judgment based on your reasoning, don't you feel honored that the inference made by your team has been adopted?"
Lose your marbles!
It's insane!
No other company would have made such a hasty decision!
It seems that the day when this company will fail in the foreign exchange market is not far away, and I also need to consider re-applying for a job in advance!
Smith, who was thinking like this in his heart, turned his eyes to Old Mark, and saw that the other party was also shocked and speechless, so he became more and more determined in the above thoughts...... (To be continued.) )