263. OTC Market

In the blink of an eye, a week passed, and the time came to November of '89. It can be said that it is at the turn of autumn and winter, but Singapore is close to the equator, and the seasonal temperature difference is very small, and the temperature is maintained at around 30 degrees Celsius throughout the year. Well, it's not wrong to say that Singapore is summer all year round.

In addition to the US$675 million entrusted to Wang Shuo, Tang Bao is also slowly mobilizing funds into Singapore through other channels. Since the funds entered secretly in batches and were extremely cautious, and the amount of funds circulating in Singapore every day was unusually large, the slight increase in inbound capital would not immediately attract attention, so no one paid attention to Tang Bao's collection of large sums of money in Singapore.

"Whew, when this money is successfully transferred, the total amount of funds will reach five billion dollars, which should be about the same." Tang Bao thought in his heart.

After all, the Singapore Financial Futures Exchange launched only one Nikkei 225 index futures variety for the Japanese stock market, and the trading scale is not small, but after all, the trading variety is single and the market capacity is limited. Tang Bao's main battlefield still has to be placed on the Japanese stock market......

Let's be honest.

Tang Bao has inspected the trading volume of Nikkei futures contracts on the Singapore Exchange, and the average number of Nikkei contracts traded each month is about 300,000 or 400,000, with a notional value of about US$50 to 60 billion. Now he has mobilized five billion dollars to fight in, and after a highly leveraged operation, the market will also reach tens of billions of dollars...... It can be said that his next move will affect the price trend of Nikkei futures.

Of course.

Relying on these fifty dollars alone, it is impossible to completely manipulate the entire trend of Nikkei futures! The market is also not a static backwater, it is very delicate and sensitive. Perhaps, Tang Bao's funds have not been fully invested, which will cause an unpredictable wave.

"Boss?" Kate shouted in a low voice, as if she was afraid of disturbing Tang Bao's thoughts. After a few months of getting along, she also knew a little about Tang Bao, and knew that Tang Bao's moments in a daze for a long time were thinking about problems.

Well.

Kate's call. Tang Bao suddenly came back to his senses. "What, what's the matter?" Tang Bao looked at Kate with a little confusion.

"Wang Shuo called and said that Zhang Dehui, the president of the Development Bank of Singapore, was interested in coming to visit, and the other party may already know the identity of the boss." Kate replied.

"Heh, it's been so long, if the Development Bank of Singapore can't find out who I am, then the reaction will be too slow." Tang Bao was not surprised that his identity was exposed. Thinking about it from another angle, if he is a senior executive of the Development Bank of Singapore, he will also do his best to find out the situation of his customers, not to snoop on privacy. It's just a matter of understanding and serving customers better.

Of course.

We also hope to reach more cooperation!

"You look at the meeting time, it just so happens that I also want to talk to the president of the other party about cooperation." Tang Bao handed over all the trivial matters to Kate.

In the Development Bank of Singapore, Wang Shuo is also a middle and high-level player, but obviously he has no right to speak, just a part-time worker.

"Good. Then we are scheduled to meet at seven o'clock tonight!? Kate asked.

"Just look at the decision." Tang Bao smiled and waved his hand.

……

At night.

About seven o'clock, inside the Raffles Hotel.

"I'm very sorry, gentlemen! The rooms on this floor were all reserved by guests and were not allowed. You can't just step into it. The two hotel service staff guarding the door stopped the man who came over and said with an apologetic face.

"We have an appointment with Mr. Tang." At this time, Wang Shuo, who led the way, hurriedly stopped Zhang Dehui, who was about to get angry, but he knew that Zhang Dehui's temper was not so gentle. In case of a quarrel with the waiter here, not only will he lose face, but he may also annoy Tang Bao.

Before.

doesn't know Tang Bao's true identity, Wang Shuo only thinks Tang Bao is a rich man. But when he learned of Tang Bao's brilliant record on Wall Street, he had already become the third richest man in the world, worth tens of billions of dollars. He can't take it calmly!

"Hmph."

Zhang Dehui also knows the severity. Even though he was very unhappy in his heart, he just snorted coldly and said no more.

"I'm sorry, sir. Now that you know that Mr. Tang lives here, you should know that he doesn't like to be disturbed, so you might as well call again to confirm! "The service staff was embarrassed. From the day Tang Bao moved in, the hotel manager repeatedly told them that no one was allowed to disturb them. They have always been very careful not to make mistakes. Now even if Wang Shuo said that there was an appointment, they didn't dare to let each other in easily.

"You ......" Zhang Dehui, who had been silent, heard the words of the service staff, and couldn't help but point to the other party, "I said that if there is an appointment, there will be an appointment, will we still lie to you?" Oh, if I'm not mistaken, the Development Bank of Singapore still owns a 4.5% stake in Raffles Hotels, and I'm also a shareholder of your hotel, so I'm talking to me like that. Go, call your hotel manager Fitch! ”

"President."

Wang Shuo saw Zhang Dehui's temper coming up, and couldn't help but whisper, and then he put the watch in front of the other party and reminded in a low voice, "President, look, at 6:57, there are only three minutes before the appointed time." If the meeting time is delayed, I am afraid that Mr. Tang will also be unhappy. ”

"Hmph. I don't want to cause trouble, but you see, with these two arrogant guys in the way, can we get in? Zhang Dehui was furious.

"I'll make a call, just make a phone call......" Wang Shuo hurriedly reassured. He also knew that Zhang Dehui was used to running rampant in Singapore, and he suddenly hit a wall, and he was still hitting a wall in his own turf, and he must be very unhappy when he was tired.

Then.

Kate hurriedly walked over and apologized again and again: "Ah, I'm really sorry, Manager Wang, I delayed dealing with something just now." ”

"Ahh Miss Kate, it's good you're here. Wang Shuo showed joy.

"Huh?" Finding that the faces of the two service staff and the man next to Wang Shuo were not very good, Kate suddenly realized what was happening, so she asked, "What's wrong?" ”

"It's okay, it's okay!" Wang Shuo hurriedly waved his hand and said, and at the same time, secretly pointed to Zhang Dehui's watch, reminding him that there was not much time.

See here.

Kate didn't say much, glanced at the man who was walking with Wang Shuo, and understood that this person was Zhang Dehui, but she didn't talk in detail, just smiled slightly and nodded. "Come with me, both of you. Boss. I'm waiting at the restaurant! After that, walk ahead and lead the way.

……

"Hello Manager Wang, let's meet again." Seeing Kate bring people in, Tang Bao also smiled and stood up to greet him.

"Hello, Mr. Tang!"

Compared with the calm and calm last time, this time, Wang Shuo was a little more apprehensive and restrained in front of Tang Bao, and also had a little more respect.

remembered that he talked about his investment experience in front of Tang Bao, and even recommended the purchase of treasury bonds. Recommending myself as an investment consultant, I suddenly have a sense of self-esteem. Just kidding, Tang Bao, who is known as the "God of Stocks" and "Legend Tang", has a vicious investment vision, and he is ashamed to be the other party's investment advisor. What's even more incredible is that Tang Bao really handed over $675 million to him to take care of.

"Ugh. Mr. Tang, let me introduce you to our President of the Development Bank of Singapore, Mr. Teo Tak Fai! President. This is Mr. Tang. Although he was apprehensive in his heart, Wang Shuo quickly adjusted his mood and immediately made a brief introduction to both parties.

"Hello, President Zhang."

"Huh. Mr. Tang is really young and promising, he became the richest Chinese man at a young age, and he is the pride of Chinese people around the world. Zhang Dehui held Tang Bao's hand. Said with a smile.

After a simple greeting, the two sides immediately sat down and talked while eating.

"I'm ashamed to say that. I have always admired Mr. Tang's legendary experience, but Mr. Tang has been in Singapore for so long and has not been aware of it. ”

Zhang Dehui said with emotion.

"I just want to have a peaceful vacation in Singapore, and I don't advertise it." Tang Bao said with a smile. "No one in the company knows where I am."

The two sides chatted casually. Because of the presence of Zhang Dehui, the president, Wang Shuo had no room to interject, so he could only sit silently and listen.

……

Regarding Tang Bao's statement that appearing in Singapore is just a simple vacation, Zhang Dehui naturally won't take it seriously.

It's not.

As soon as he and Tang Bao drank three glasses of wine, Zhang Dehui asked tentatively, "Mr. Tang, I don't know what kind of investment project attracted you to Singapore this time?" ”

Hear the words.

Tang Bao pondered for a moment and said, "Heh." I said it's just a vacation, so there's no investment in it. However, I also took a look at Singapore's investment environment, and if I encountered a good opportunity, I would not let it go. ”

"Oh? So how did Mr. Tang get it? Zhang Dehui asked cooperatively.

"...... harvest? Well, naturally, there is something to gain. Recommended by Manager Wang, I also think that shorting Nikkei futures is an opportunity to make money. ”

Tang Bao said with a smile, he knew that it was impossible to hide the matter of shorting Nikkei futures all the time, so he simply pushed the boat down the river and pushed all of this on Wang Shuo's head to hide his intentions a little. After all, Tang Bao and Wang Shuo are short Nikkei futures, and the influence cannot be generalized.

"Uh."

Zhang Dehui was stunned, he didn't expect Tang Bao to answer like this. Nikkei 225 Index Futures ...... Today's Japanese stock market is full of cries, and some Japanese analysts even shout that the Nikkei index will break through 40,000 points or even 50,000 points next year. There's no reason to plummet!

"Could it be that he got some inside information that the Japanese stock market will plummet?" Zhang Dehui's mind turned sharply.

……

"Hmm. President Zhang, I will increase my investment in various futures in the near future, but it is limited to the upper limit of the position limit of the Singapore Financial Exchange......" Tang Bao did not say explicitly.

In the case of Nikkei 225 Index futures, the Singapore Financial Exchange has a position limit of 10,000 contracts for institutional investment accounts and 5,000 contracts for individual investor accounts. At today's prices, each contract is worth about 18 million yen, or $130,000. Based on the maximum position limit of 10,000 contracts, the total value is 1.3 billion US dollars, due to the use of leverage, only need to pay 3%-7% of the margin, if the communication with the settlement company is good, the margin ratio can be lower. Therefore, the real consumption of funds will not exceed 100 million US dollars, and even if Tang Bao sets up multiple trading accounts, the funds used cannot exceed 1 billion US dollars. And Tang Bao mobilized 5 billion US dollars into Singapore this time, if you want to use it all effectively, you naturally have to use some means. In addition to finding ways to increase the limit of their positions, they also have to look for more deals in the OTC market.

"Well, naturally, it's fine." Zhang Dehui smiled and promised, "We can find some idle trading accounts for Mr. Tang to use." ”

At this time.

Zhang Dehui patted his chest and agreed, but he was extremely surprised in his heart. Since Tang Bao is worried about the restriction of the upper limit of his position, the funds used will definitely not be small. There must be a big move, with Tang Bao's precise investment vision. If the opportunity is taken to follow up, the Development Bank of Singapore can also gain something. Thinking of this, Zhang Dehui suddenly thought about it, and asked in a low voice: "I don't know which futures variety Mr. Tang attaches so much importance to?" ”

"Nikkei 225 Futures!" Tang Bao said with a smile.

"Heh, if Mr. Tang doesn't want to say it, there's no need to joke with me like this. If I remember correctly, the amount of money you entrusted to Manager Wang is as high as 675 million US dollars, although the amount is very large, but even without my help, Manager Wang can solve the problem of position restrictions by himself. Zhang Dehui said.

"Did I say that I would only use $675 million this time? In fact. I have another source of funding and want to upped my bets on the Nikkei futures battleground. Tang Bao explained. Of course, Tang Bao only mentioned it slightly, and he would not expose all his hole cards.

Belch?

There is additional funding......

Zhang Dehui was shocked, he did not doubt Tang Bao's ability to mobilize more funds. However, Tang Bao's claim to increase the intensity of shorting the Nikkei index still makes him hard to believe. He would rather believe that this was a smokescreen that Tang Bao was unwilling to expose the operation of the financial market and deliberately took out to attract attention.

"If President Zhang is interested, the Development Bank of Singapore can join in and play together." Tang Bao invited. He didn't mind taking the other with him.

"Uh, no. We are not interested in the Nikkei for the time being! Zhang Dehui declined with a smile. Countless international capitals have suffered heavy losses in the battle to short Nikkei futures, and the Development Bank of Singapore has not escaped, so that he does not dare to act rashly. In their opinion, it is wisest to wait and see.

And.

Zhang Dehui also firmly believes that Tang Bao's so-called "shorting Nikkei index futures" is just an excuse to deliberately conceal the real target.

Regarding Zhang Dehui's refusal, Tang Bao naturally did not force it. He naturally didn't know what Zhang Dehui was thinking. If it is clear, it will definitely shout that it is wronged.

"I'm looking for a suitable counterparty in the OTC market!" Tang Bao looked at Zhang Dehui and said with a smile. "Also, I don't want to reveal my identity. For credit issues, I would like to invite the Development Bank of Singapore as a guarantor! ”

Then.

Zhang Dehui did not agree to it, the credit guarantee in the OTC market is not so simple, in case someone on both sides of the transaction defaults, the guarantor may face huge losses, he needs to consider carefully. At least, before Tang Bao's transaction is clarified, he will not easily agree to make a transaction guarantee.

"I don't know what kind of counterparty Mr. Tang wants to find?" Zhang Dehui is not in a hurry to express his position.

"Huh. President Zhang is really forgetful, didn't I just say that I am optimistic about the opportunities of Nikkei futures. Naturally, they want to find counterparties who bet on the direction of the Nikkei. Tang Bao said with a smile.

Belch.

Zhang Dehui was stunned, and then asked with a serious face: "Mr. Tang, you're not kidding, are you really so bearish on Nikkei futures?" Originally, he thought that Tang Bao said that he would short Nikkei futures in large quantities, just to cover the smokescreen released by his true intentions, but now Tang Bao is not only short on the exchange, but even tries to bet on the over-the-counter market. If this is all smokescreen, the price to pay is too great.

"Ha, President Zhang, do you think I'm joking?" Tang Bao laughed out loud and continued. "The counterparty of Nikkei futures, short selling, well, is set for a period of one year, with a transaction amount of $5 billion. Please also ask President Zhang to bother! In terms of guarantee fees, you won't be disappointed. ”

At that time.

Tang Bao knew that no one could afford such a large amount of money except for Japanese banks and insurance companies. European and American financial institutions have that strength, but there is a high degree of bubble in the Japanese economy, and I am afraid that no one will dare to stand up stupidly to take over this deal.

"The specific content of the contract, after President Zhang finds the counterparty, your bank will come forward on my behalf and negotiate with the counterparty." (To be continued......)