Maybe they don't care, or they know they are going to lose, or they ...... Too confident. Pen "Fun" Pavilion www.biquge.info

As the big boss and actual controller of the forest, Lei Hao will not have the slightest rebuttal, so he has made it clear that customers can choose freely.

"Ray, thank you for your understanding." Keith narrowed his eyes and said with a smile: "Next time I invite you to play golf, of course, I will also invite customers to attend, if Forest can provide customers with better conditions, I will not prevent you from contacting customers." ”

"To say it is to say it in vain." Fox said hatefully.

Forest and Oasis Securities have been robbing each other of customers, and even if Keith brings customers over, it is just for Forest to woo them again.

The important thing is that this statement shows the "above board" attitude of Oasis Securities, and also shows Keith's self-confidence, which can be regarded as a response to Lei Hao's statement just now.

"With more than $1 million in assets, Oasis Securities only charges an annual fee of 0.25%, and as for the rest of the ......," Keith continued, "you can feel free to compare the software and hardware of the two companies." ”

Collect less money and have good hardware, which is an incomparable advantage.

"I remember that in the million-dollar asset management plan of Oasis Securities, the annual fee collection standard has also reached 1%." Fox quipped: "Keith, are you going to popularize the 0.25 percent?" ”

"No, I just think that some VIP customers can enjoy greater discounts, and they can also give priority to investing in certain underlying securities." Keith smiled and said, "We have this kind of contract, and I'm not a vicious underprice." ”

"Every company has this kind of contract." Fawkes said secretly in his heart, and then turned his gaze to Lei Hao.

By now, the two sides seem to have begun to fight a price war, the problem is that Lei Hao knows very well that the same price can't compete with the opponent, the law does not allow you to have 0 annual fee and 0 income remuneration, even if Forest is zero fee, in the eyes of many people, it is not as attractive as Oasis Securities' 0.25% annual fee.

"During the transition, we don't change the conditions." Lei Hao spread his hands as if he had given up, but no one knew that he had dug a huge pit for the oasis.

"That's a pity." Keith knows that, too, but the fact that he has a way of keeping VIP customers happy and that he can grab a cooked duck in Forest's mouth for a little bit of a cost, is a good story.

"Hope to get a few calls." Keith quickly handed out business cards and made a phone call gesture to several customers: "callme." ”

"Hehe, I hope to have the opportunity to cooperate."

"I need to think again."

"Today is a special day."

Baker, Lambert, and Nance exchanged glances and each other.

"Suddenly remembered something," Lei Hao still said in his slightly broken English: "Forest's credit rating has been lowered, so our next capital borrowing costs will increase." ”

"Huh?" Everyone in the box was stunned.

Why did you suddenly bring up this topic?

"What does Mr. Keith think about the recent interest rates?" Lei Hao seems to be stirring up financial topics.

Everyone in the stadium had a hunch: Is this about to start a counterattack?

"It's hard to talk about this kind of topic." Keith pretended to be confused.

"I want to do some FRA, doesn't Oasis Securities have this business?" Lei Hao began to look aggressive.

This is also normal in the eyes of outsiders, customers are robbed of their own territory, and it is the saint who is not angry.

Merely...... fra？ Everyone's brows were slightly furrowed.

In China, professional investors may not know what FRA is, because most of this kind of thing is used by institutions to bet or offset risks, and its Chinese name is forward interest rate agreement.

Unlike most contracts, forward rate agreements are based on credit, which does not involve principal, and everyone bets on the direction of a certain interest rate movement.

In the most rough terms, it is to take a contract interest rate and a reference rate, and the subject of the reference rate is the London Interbank Offered Rate commonly used in the international financial market, or the US federal funds rate commonly used in the US market.

For example, the contract interest rate is 0.75%, and the reference interest rate is the US federal funds rate, A wants to borrow funds but is worried that it will rise, and B wants to lend funds but is worried that it will fall, so everyone can agree to lock in this interest rate.

When the U.S. federal funds rate is higher than 0.75%, B pays A the difference in principal multiplied by the interest rate multiplied by the time, and when it is lower than 0.75%, A pays B the difference in principal multiplied by the interest rate multiplied by time.

How much is the principal? There are millions, tens of millions, billions, billions, tens of billions and even hundreds of billions, but the principal is just a number, and everyone is betting on the change in interest rates, plus the time limit, so the change in the amount is not outrageous.

The industry generally uses forward interest rate agreements to lock in interest rates and hedge exposure risks, but on the current occasion, Lei Hao undoubtedly shouted to Keith: Come to war.

There is no principal, pure credit guarantee, pure difference betting, the amount of principal has not yet been determined, but the smell of gunpowder has risen.

"Oasis Securities has a forward interest rate agreement, and we have a wide range of clients, and we ...... Participate in interbank lending. "Don't say that Oasis Securities really has this kind of business, even if it doesn't, Keith can't be cowardly now.

"What about futures? Oil, gold, agricultural products, you can. Lei Hao stared at Keith and asked directly.

"Yes, whatever target FOREST chooses, as long as it is suitable, Oasis has these businesses." Keith said-for-tat.

The contradiction is clear, Lei Hao and Keith have no intention of regressing, but they also know that the forward agreement does not involve the delivery of the principal, but the vision is the struggle and the credit of the institution.

Moreover, Lei Hao obviously will not be a small fight, if the profit and loss is small, in fact, Forest can find other financial institutions, and only in this case, everyone will use a larger principal and do more hedging.

Lei Hao began to get excited in his heart, forward agreements can be done not only with interest rates, but also with futures and stocks, the difference is the probability of the target being manipulated and the credit of the rival company.

In China, Thunder also does this business, but the domestic market is not mature, and this kind of thing is almost all over-the-counter agreements, so when the platform is built, there are very few orders that can be traded.

Hong Kong Island Thunder is slowly advancing these businesses, but it takes time to build a channel platform, and the transaction volume is very small.

Now, the opponent who is alive is standing in front of him, and it is strange that Lei Hao can let it go.

Forward agreements, but pure mutual cuts.

With future information, as long as Oasis dares to make judgments that are contrary to the market, Lei Hao is sure to make the other party feel pain, and if the timing is right, it is not impossible to kill the opponent.

"I feel like we both have a common discourse." Lei Hao laughed.

"Absolutely." Keith laughed too.

The financial circle, the over-the-counter agreement, who is afraid of whom. (To be continued.) )