It is better to believe it than to believe that it is not, and Jennifer also wants to earn this performance, a whole few hundred million dollars! At the UBS branch in Guangzhou, China, there has never been such a big customer. Pen & Fun & Pavilion www.biquge.info

"Okay, Mr. Lin, how many accounts do you want?"

"It's better to have ten, if I can, I don't have to go to Citibank to toss anymore, it's too much of a waste of time!" Lin Hao shook his head and sighed, these banks are really troublesome.

If you go to Citibank, don't think about trading today!

Jennifer chuckled in her heart, Citibank is also not small, in order to win over deposit customers, it definitely dares to register domestic accounts offshore, and the background is stronger.

"No problem, ten is ten, two of you wait!"

She called the headquarters and asked the head office in Zurich to help register ten VIP accounts, all of which were headed by Lin Hao. As long as the head office enters the registration and transmits the information to the branch, isn't it simple to get a bank card?

The processing speed is very fast, in just half an hour, the head office has been registered, ten VIP savings accounts, and the branch will issue bank cards and sign agreements on behalf of the head office.

Jennifer didn't dare to slack off, sent the bank card and agreement to her office, asked Lin Hao to sign and confirm, and transferred the account opening amount of one million US dollars, which is the minimum requirement.

A total of ten accounts, which require tens of millions of US dollars, which is converted into 69.05 million yuan, including foreign exchange fees, he remitted money to the branch, and then transferred to him by a third party.

It took another half an hour, and the money was washed over again, and it returned to Lin Hao's ten accounts, all of which were turned into US dollars;

However, it is all English service, and his English level makes Jennifer shake her head, barely passing the fourth level, she really deserves to be a college student studying agriculture, and she is not as good as Zheng Wanyu.

"Mr. Lin, none of these bank cards can be used directly in China, but they are common in Europe and the United States, and the payment exceeds one million US dollars, and you must be present in person. ”

"If you store a huge amount of money, then we can negotiate the interest rate again, the current demand deposit is about two percent interest, fixed term, fund, bond..."

Registering an account is not the goal, attracting deposits and promoting various investment projects is what UBS wants, and Jennifer began to introduce various services to try to stabilize deposits.

There are very few people who choose time deposits, and fund bonds are the most, and some invest in stock futures, which are the most popular among them. However, Lin Hao was not interested, and interrupted again:

"Stop, stop, pause, I still have a big question I want to consult, if someone else pays me a huge amount of money at one time, how can it be more convenient?"

Jennifer was stunned for a moment, this question is very simple, almost the most basic business common sense, in addition to direct payment, you can apply for a bank guarantee and use a letter of credit to trade.

Lin Hao and Zheng Wanyu were confused, they didn't know what the letter of credit she was talking about, and they hadn't heard of it at all. Jennifer explained with a smile and introduced the situation of the letter of credit:

Letter of credit (L/C) refers to a written guarantee document issued by the issuing bank to the beneficiary at the request of the applicant (buyer) and according to its instructions, containing a certain amount of money and paying with the documents that meet the requirements within a certain period of time.

To put it simply, this thing is essentially a guarantee, in the form of a written document, specifying the amount of the guarantee. It is the most dominant and most commonly used payment method in international trade.

Swiss banks, for example, accept letters of credit, they open letters of credit to the buyer's customer, the transaction is successful, the bank pays for the goods, and then collects the money from the buyer.

It is divided into documentary credit and light bill letter of credit. The former accounts for the majority, and the seller can find a bank to collect money with a bill of lading and a letter of credit, while the latter does not need a bill of lading.

It is also divided into revocable/irrevocable, L/usance L/usance L/S/L of Transfer, etc.;

Once the bank opens the letter of credit, regardless of whether the buyer has the ability to pay or not, it must pay the seller for the goods!

If you are not at ease, you can also apply for another bank to guarantee together, which is called a confirming bank. In the event that the issuing bank goes bankrupt and fails, the confirming bank must be responsible for the payment.

If the issuing bank goes bankrupt after the submission of the documents, it can directly request the applicant to pay, and if the applicant goes bankrupt before the receipt of the documents, it can stop the shipment of the goods and dispose of it by itself.

Therefore, a letter of credit is a very efficient and particularly secure guarantee for a transaction, and the seller can get the money even if the buyer goes bankrupt or tries to repay the debt.

If I'm not mistaken, Sotheby's will use a letter of credit from a Swiss bank, and I'll have to trouble President Jennifer to help identify it later. ”

Lin Hao suddenly realized, Zheng Wanyu also understood, it turns out that there is such a thing as a letter of credit in this world. Sure enough, it is very safe and reliable, and it is very convenient!

"Do you mean Sotheby's? I can check and if the other party has a letter of credit, the bank will keep a record of it, and if you need it, I'll be happy to help." ”

"That's great! Thank you, Beauty, Jennifer, please help us check if Sotheby's has recently opened a letter of credit for $900 million. ”

Lin Hao was very happy, but Jennifer was stunned, 900 million US dollars in letters of credit, that is to say, Sotheby's auction house needs to pay 900 million US dollars?

Curious, she hurriedly called and asked: The letter of credit is not within the scope of secrecy, and it can be inquired in publicly.

Within two minutes, I received an email that Sotheby's had opened a letter of credit, $900 million! It was still a letter of credit with a blank note, and the bank would pay when it saw the bill.

Swiss bank issuance, Citibank confirmation, transaction payment time within a month, goods are some kind of technology. The content is relatively simple, and the beneficiary is Lin Hao!

"To be sure, Sotheby's did open a letter of credit that is easy to collect, and it is for you, as long as you get the letter of credit, you don't have to worry about anything else. ”

Zheng Wanyu breathed a sigh of relief, the auction house was quite honest and didn't come up with any unsavory tricks. Lin Hao also nodded to express his great satisfaction and thanked President Yanmar for his help.

Jennifer's heart was beating faster, 900 million dollars in deposits! How can she keep it in a Swiss bank? She must think carefully of a way and do her best to please the two young masters.

"Thank you, President Jennifer, if UBS can satisfy me, the investment can be considered, and this fund will not be mobilized in a short time, you can rest assured!"

Lin Hao lightly promised, anyway, it is not used in the short term, and it is quite a loss if it is stored in the bank if it is moldy, and it is completely okay to make two waves of short-term investment! It is also good to earn tens of millions......

(Thank you for the reward of the book friend Hades, I am grateful)