"What do you mean...... Let me buy Nikkei put options directly from Morgan Stanley and Salomon Brothers? A smile appeared on the corner of Tang Bao's mouth.

"Yes. Although Morgan Stanley and Salomon Brothers are selling Nikkei puts at a much higher price, they are better than a large number of them, and these investment banks are bent on selling Nikkei puts and don't care who buys them. Even if Mr. Tang buys a huge amount of Nikkei put options, no one will find out. Wang Shuo said.

Well.

Tang Bao involuntarily nodded secretly, this is a good idea. Although it will increase the cost of investment, the Nikkei is about to plummet, and the benefits will exceed imagination. The extra cost is not worth mentioning. "You're quite confident, so you're not afraid of losing money?" Glancing at Wang Shuo, Tang Bao smiled.

"This is not my self-confidence, but Mr. Tang's actions have given me self-confidence and strengthened my thoughts!" Wang Shuo said with a smile.

Tang Bao glanced at Wang Shuo and smiled silently. Wang Shuo was a shrewd person, and he might have seen something from some of Tang Bao's actions.

"Whew. You keep an eye on it for me, and if there is a Nikkei put option at the right price, you will eat it all! Tang Bao thought for a moment and then decided.

"Please rest assured, Mr. Tang!" Wang Shuo patted his chest and reassured.

"It's getting late, so go back and rest. If you don't have enough funds, you come to me again! Tang Bao politely ordered the eviction.

Looking at Wang Shuo who was leaving, Kate frowned and reminded, "Boss, Wang Shuo already has full control of the huge sum of $675 million, and if more funds are provided to him, the risk is too great." After all, what we know about Wang Shuo is limited to the information of the investigation, and it is not very comprehensive! ”

Well.

Tang Bao nodded in agreement, he was very optimistic about Wang Shuo, but he also had to guard against it. "Well, I happened to send a bunch of traders to Singapore recently. By the way, a few additional financial personnel were assigned to supervise the funds. When the time comes, send one to Wang Shuo's side. I entrusted hundreds of millions of dollars of funds to him to manage, and sent a financial staff to supervise it, and the other party had nothing to say. ”

"It will be much better if there is a financial staff to supervise it!" Kate smiled and nodded.

Long.

Seeing Tang Bao's response, Kate couldn't help but ask, "Boss, when do you plan to officially open a position and short Nikkei futures?" When are we leaving for Tokyo! "As a private Tang Bao's private. She knows a lot about Tang Bao's plan to short the Japanese stock market. It is clear that Tang Bao will not stay in Singapore for a long time, and Tokyo is the main battlefield.

"Before you go to Tokyo, you have to arrange the person in charge who will take over." Tang Bao said with a smile, there is still a period of time before the Nikkei index plummets, and he is not in a hurry.

"The person in charge...... Will you arrange for President Horst to take over? Kate said.

Horst?

Tang Bao shook his head helplessly and said, "Heh." Horst's identity is too ostentatious and inappropriate. What's more, this operation on the Japanese stock market. I will give advance notice to Phoenix Investment Group, Phoenix Capital, and East West Bank, but I will not directly interfere with their operations. ”

"Why? Phoenix Investment Group, Phoenix Capital Company, and East West Bank, aren't they all your businesses? If your judgment is correct, directly order them to participate in shorting the Japanese stock market. Then you can maximize your earnings, can't you? Kate was puzzled by Tang Bao's sudden non-intervention policy.

Do not intervene.

This was Tang Bao's plan for a long time, not a momentary thought.

"Kate. You have to understand. Phoenix Investment Group, Phoenix Capital, and East West Bank all have their own presidents, and they will have their own judgments and decisions, and I can't interfere in everything. After all. I have limited energy alone. Tang Bao argued with a smile.

The biggest reason why Tang Bao decided to let all three companies decide whether to participate or not is that he has sufficient funds. The income from the previous gold futures war was already deployed in advance in Japan's huge assets, as well as the funds raised through banquets...... Even hide the assets controlled by offshore accounts. According to rough estimates, even without Phoenix Investment Group, East West Bank and Phoenix Capital, Tang Bao would have been able to mobilize tens of billions of dollars this time.

Of course.

Tang Bao is also confident that the leaders of the three companies, including Horst, Yang Yang and Winenberg, will not ignore his judgment and will definitely be prepared.

……

The Development Bank of Singapore (DBS) was able to handle its work very efficiently, and it only took more than 10 days to find two Japanese insurance companies and one bank as counterparties.

this day.

Zhang Dehui took three drafted option contracts and found Tang Bao: "Mr. Tang, this is the option contract we designed with the other party, take a look, is there a problem?" ”

"Japan Life Insurance, Taisho Life Insurance, Universe Credit Union ......" Tang Bao did not rush to look at the option contract carefully, but swept the counterparty. But when he saw that a credit union actually appeared among his counterparties, Tang Bao's forehead couldn't help but have a black line, and his face was unhappy, "President Zhang, what is the situation of this universe credit cooperative, judging from the name, the other party doesn't even seem to be a bank." Qualified to get involved in options trading? ”

No matter how crazy the Japanese stock market is, it is impossible for a credit union to be allowed to participate in financial speculation.

Zhang Dehui actually found him a credit union as a counterparty, didn't he fool him. Thinking of this, Tang Bao naturally wouldn't have a good face.

"Mr. Tang, don't get me wrong, I don't mean to fool you. Cosmic Credit Union is the largest credit union in Tokyo, controlling a lot of real estate in Tokyo and having abundant capital. Prior to this, the other party had reached a $2 billion VAM agreement with Salomon Brothers. Moreover, this option contract is guaranteed by four large banks, Mitsubishi Bank, Fuji Bank, HSBC and Crédit Agricole, so there is absolutely no problem. Zhang Dehui hurriedly explained.

Call.

After listening to Zhang Dehui's explanation, the anger in Tang Bao's heart finally calmed down a little, but thinking that the other party was just a credit union, he still felt a little funny. However, with four large banking institutions providing guarantees, Tang Bao does not have to worry about the performance of the contract.

"Well, this Nikkei short selling option contract proposed with Cosmos Credit Union has an underlying amount of $500 million and a one-year term. The specific content of this contract is that on November 15, 1990, Mr. Tang sold Nikkei futures contracts worth $500 million to his counterparty (Cosmos Credit Union) at a unit price of 17.5 million yen. Well. This means that only the Nikkei 225 fell below 35,000 points in the delivery period a year later. You're going to be profitable. Zhang Dehui took the option contract and explained to Tang Bao in detail.

"This is a European-style options contract?" Tang Bao frowned.

"Yes, it's a European-style options contract. This time, I just played the role of a matchmaker, and most of the design of option contracts was done by HSBC and Crédit Agricole, which provided guarantees, and they are both European banks, so it is normal for them to design European-style option contracts. Zhang Dehui said with a smile. Well, if Mr. Tang prefers an American-style options contract, then I can also negotiate with the other party. ”

"Not necessarily!"

Tang Bao waved his hand and smiled.

American-style options can be exercised at any time before or on the expiration date of the contract, while European-style options contracts must be exercised on the expiration date. Relatively speaking. American-style options can be flexibly adjusted in terms of profit time according to the specific changes in the market.

Maybe American-style options will be more beneficial to him, but Tang Bao doesn't have the heart to think about it so much, so as not to cause complications.

The Nikkei 225 fell to 35,000 points to reach profitability?

Ha.

Hearing the number "35,000", the corners of Tang Bao's mouth couldn't help but curl slightly. Historically, the Nikkei Index peaked at nearly 39,000 points, followed by a stormy crash, and in less than a year, the Nikkei fell below 20,000 points. And this Nikkei put option contract he signed. As long as it falls to 35,000 points, he can make a profit, and the worse the Nikkei falls, the more he earns.

It's refreshing to think about!

"The other two contracts, are they the same?" Tang Bao asked.

"Hmm. It's basically the same. Even the break-even point is higher, as long as the Nikkei 225 falls to 36,000 points, it can be profitable. The subject amount of a contract is US$3 billion, and the counterparty is Nippon Life Insurance Company; The other target amount is $1.5 billion, and the corresponding counterparty is Taisho Life Insurance. Zhang Dehui explained with a smile.

"Oh? There are options contracts for Cosmos Credit Union. Are the other two insurance companies willing to suffer? Tang Bao asked suspiciously.

"There is no such thing as who makes or loses, and the increase in the strike price of Nikkei futures will increase the risk of the other party. As a result, the price of each Nikkei put option would increase by $270. ”

"No wonder!"

Tang Bao smiled and nodded. These two insurance companies dare to do so. It is nothing more than a guarantee that the Japanese stock market will not fall, and even if the strike price is raised, it will become meaningless because the strike price is lower than the market price. On the other hand, they can earn a lot more royalty.

The abacus is very fine, but I just don't know if they will be able to laugh after the Nikkei plummets next year......

"A one-time payment of $85 million, or $20 million, with a 9.5% share of the profits!" Zhang Dehui reminded.

Choose one of the two.

Tang Bao didn't hesitate at all, and said directly: "No problem, pay them the guarantee fee of 85 million directly!" Oh, how high the profit share is required, it seems that these four major banks don't see that I can achieve profitability. ”

“……”

Zhang Dehui smiled silently, in fact, he did not say that when he negotiated the commission, he proposed to directly use 15% of the profit as a guarantee fee. But all four banks firmly refused, arguing that the risks were too high to be worth the risk. After all, if the Nikkei does not fall if it chooses direct profit sharing, the four banks will have nothing to gain and will be busy in vain. Choosing a mix of cash and profit sharing is also a desire to gamble without leaving empty-handed.

Tang Bao carefully read the contract and found no loopholes.

Then.

Kate handed Zhang Dehui a commission agreement that had been signed in advance. The content of the agreement stipulates that Tang Bao entrusted the Development Bank of Singapore to sign the OTC option VAM contract for shorting Nikkei 225 Index futures on his behalf. In other words, these VAM contracts were ostensibly entered into between DBS and its counterparty.

"...... this?" After reading the entrustment agreement, Zhang Dehui looked at Tang Bao in surprise.

"Heh, I don't want to expose it for the time being, ask President Zhang to sign the gambling contract on my behalf, and don't reveal my existence to outsiders." Tang Bao said with a smile.

"Okay."

Zhang Dehui pondered for a while, and then agreed. He also hopes to use this cooperation to establish a friendly relationship with Tang Bao, which will bring opportunities for the expansion of the Singapore Development Bank.

"The entrustment agreement is not only valid for these three Nikkei put options, President Zhang, you can help me sign more similar Nikkei put options, the more the merrier, there is no cap." Tang Bao said solemnly.

The more the merrier, there is no cap!

Yes.

Hearing Tang Bao's domineering words, Zhang Dehui's heart couldn't help but be shaken. secretly thought, how could Tang Bao be so sure that the Nikkei index would fall. Could it be that he has a shocking plan to snipe at the Japanese stock market...... There were many thoughts in his heart, but Zhang Dehui's face was as usual, and he smiled and agreed.

Next.

Zhang Dehui lived up to his expectations and signed a Nikkei put option contract worth $15 billion with more than a dozen financial institutions.

Wang Shuo also gained a lot, buying a large number of Nikkei put options from investment banks such as Salomon Brothers, Goldman Sachs and Morgan Stanley.

……

"Mr. Tang, the price of the Nikkei put option has been pulled up by $80 due to the recent purchase of a large number of Nikkei put options, and I plan to hold off on the purchase. Moreover, my large purchase of Nikkei put options also alarmed the attention of investment banks such as Morgan Stanley and Salomon Brothers. Wang Shuo reported the results and explained his plan.

"Hmm. It's okay to slow down...... Heh, the total value of the Nikkei put options you acquired is tens of billions of dollars, and it's not normal for no one to pay attention. ”

There was a pause.

Tang Bao smiled again and said, "I have been in Singapore for a long time, and I plan to leave in the near future." Well, there will be someone else who will come to Singapore to be responsible for shorting Nikkei Futures, and at that time, the financial staff who may accompany you may be assigned to you to oversee the finances. I'd say that regulating finances is just a normal process, and I hope you don't think much about it...... Your performance, I'm very satisfied. ”

"I understand!" Wang Shuo replied calmly. Tang Bao had already invested $1.5 billion in him before and after, and it was normal to send financial personnel over.

"Hmm."

Tang Bao smiled and nodded.

Let's be honest.

Wang Shuo's recent performance has indeed impressed him, and he will consider recruiting him after the shorting of Nikkei stock index futures.

Two days later.

Mrs. Annette arrived in Singapore with a group of traders, and Tang Bao had a late night conversation with them that day. What was discussed, no one knew except Tang Bao and Mrs. Annette.

Then.

Tang Bao also called Horst, Winenberg and Yang Yang respectively, reminding them that Japan's stock market would plummet at the end of the year.

……

After everything was arranged, Tang Bao took Kate and others to leave Singapore and fly directly to Tokyo, Japan! (To be continued......)