Chapter 384 Currency Swaps
"Shine my shoes, thank you!"
Jiang Shan carried his briefcase, sat down in front of the shoe-shine table, sat down with a long sigh, loosened the tie around his neck, and said to the shoe boy weakly, "Remember, wipe it clean." ”
This is the streets of the City of London, full of people in formal clothes, ties, and big backs, and you don't have to ask that people in this kind of dress generally work in financial institutions, commonly known as bankers.
Jiang Shan was also dressed like this, although the leather shoes were almost spotless, but because the color was not bright enough, he still decided to choose to wipe it again.
"It's a nice day, sir."
The shoe boy skillfully oiled and waxed the leather shoes, and began to act quickly, and at the same time his mouth was not idle, trying to chat with Jiang Shan, "In such a weather, your work should be quite pleasant, right?" ”
"It's a pleasure to go, I'm almost annoyed to death!"
Jiang Shan cursed loudly, "Thank you Lord for such good weather, but it would be great if my luck was as good as the weather." Unfortunately, I haven't had such good luck until now. ”
"Another bad day!"
He muttered incessantly.
"What happened?"
The shoe boy clearly did not intend to end the conversation, and while wiping his shoes diligently, he continued to ask, "Sir, isn't your industry recovering quickly?" I mean, since the financial crisis, the number of people who come to me to shine my shoes has increased significantly, and the tips have been quite substantial. ”
"You know?"
Jiang Shan was a little impressed by this little guy, "You are right, although the entire industry is recovering, it does not mean that the individual will get better." But young man, you are very knowledgeable! ”
"Of course!"
"I don't know what you do, but I know that if the market is good, people like you will be more than happy to shine your shoes, even though your shoes don't look dirty at all." In addition, if the market is bad, there will be many people who ask me what their peers have said when they shine their shoes. ”
"I really didn't see it, you're still a little broker!"
Jiang Shan shook his head helplessly for the talkative shoe boy, but the next moment he had an idea and asked intentionally, "So, have you heard of currency swaps?" Or do you know any traders who do this business? ”
A currency swap, also known as a currency swap, refers to a currency swap between two debts and interest denominated in different currencies with the same amount, the same maturity, and the same interest rate calculation method. To put it simply, it is a debt swap between different currencies, including currencies.
For example, Company A has a 5-year debt of US$20 million and Company B has a 5-year debt of RMB140 million. Company A's region usually uses RMB for payment, while Company B's region uses US dollars. Then there is room for debt swaps between the two companies. If done correctly, the debt is swapped at the immediate exchange rate, and then the debt is exchanged back at the agreed rate when it matures, and the two parties do the same in terms of interest payments, then this act is called a currency swap.
There is room for currency swaps not only between enterprises, but also between central banks and central banks, because it is necessary to meet the needs of domestic export enterprises. And on a global scale, the total size of currency swaps is tens of trillions of dollars, which is a very large market.
"Hey man, are you going to do a currency swap?"
At this moment, another young white man sitting next to Jiang Shan turned his head and said to Jiang Shan with a smile on his face, "This kid doesn't necessarily know what a currency swap is!" ”
The little shoe boy was a little out of business, and glared at the other party angrily, but he didn't dare to say anything, so he could only bury his head and continue to shine his shoes.
A well-dressed suit, meticulously groomed hair, shiny leather shoes, and a briefcase that never leaves your body at all times make up the standard dress of the city. Jiang Shan stared at the other party for a long time, then suddenly withdrew his gaze and replied with a sneer, "Man, you probably heard it wrong, I didn't say anything like a currency swap." ”
"Really?"
The other party smiled disapprovingly, stretched out his hand briskly, and introduced himself, "I'm Tom, a banker from Barclays. Redford, nice to meet you. ”
"I am from the Far East!"
Jiang Shan shook hands with the other party very cautiously, didn't say much, and didn't introduce the place where he worked, looking completely uninterested in contacting the other party.
But the more so, Tom. Redford thinks there is something wrong with the other party. Because on ordinary occasions, polite greetings between the two sides are inevitable, after all, everyone eats in a relatively small circle, and there is always a little good karma. But now the other party not only did not do this, but also faintly exuded a state of vigilance, which made Tom . Redford's heart moved.
"Here's my business card!"
All of a sudden, after the interest came, Tom. Redford did not give up asking questions because of the other party's cold attitude, took out his business card and handed it to Jiang Shan, and said enthusiastically, "I work at Barclays Bank, and the main content is to do arbitrage in interest rates, and of course also match currency swaps. If you're interested, feel free to call me! ”
"I'm not going to do currency swap ......"
Jiang Shan once again denied his actions, but his voice was as low as a mosquito, almost inaudible. What's more, he stared at the other party's business card for a long time, and almost engraved every word in his heart.
This gesture fell on Tom. In Redford's eyes, it strengthened the other party's determination to make currency swaps. At this time, his leather shoes were almost wiped off, and he immediately stood up happily, took out a ten-pound bill and handed it to the shoe boy in Jiangshan, and said generously: "Man, this time it's mine, and we'll talk about cooperation when we have time, remember to call me." ”
Without waiting for Jiang Shan to refuse, he made a gesture of making a phone call and walked away.
He understood the truth that he couldn't reach it quickly, so he didn't immediately force Jiang Shan to express his position immediately, but only left his contact information. He believes that the other party will call him at some point, which is the psychology of sales.
"What a generous guy!"
The shoe boy looked at the banknote in his hand enviously, swallowed hard, reluctantly handed the banknote to Jiang Shan, and said, "Sir, you don't need so many banknotes, just give me a pound." ”
He wasn't too greedy, knowing that the money wasn't really given to him.
"Take it!"
Jiang Shan shook his head indifferently and pushed back the banknote, "This is what he gave you, you can keep it." ”
Naturally, he will not take this money in his eyes, but for the little shoe boy who shines shoes, this is a lot of income, and he will naturally not be stingy with this favor.
The little shoe boy happily put the money in his pocket, and asked puzzledly: "Sir, isn't what you just said exactly a currency swap?" Why is it that when that guy reported his home, you said that you were not looking for this person? ”
For the little guy, they still don't quite understand the truth that there is no pie in the sky.
"Hey, young man, do you think I should agree?"
Jiang Shan sneered twice, and replied a little disdainfully, "I don't know much about him, how can I easily agree?" Besides, this matter is not suitable for more people to know, and I still need to investigate this guy properly. ”
“……”
The little shoe boy scratched his head as if he didn't understand, and then continued to wipe his leather shoes diligently.
……
"I've successfully attracted the attention of the other party!"
In the presidential suite of the Mayfair Hotel, Jiang Shan reported to Zhong Shi respectfully, "In the past few days in the financial city, I really came into contact with a trader who did currency swaps, and the other party also took the initiative to hand me a business card." ”
As he spoke, he took out his business card from his bosom and read it carefully, "Tom. Redford is a senior trader at Barclays and deputy head of currency swaps. ”
"Are you sure it's from that club?"
Zhong Shi was leisurely smoking a cigarette while looking at Buckingham Palace in the distance, and asked seemingly nonchalantly, "If it were, then the whole thing would be much easier." ”
"It's not certain yet."
Jiang Shan pondered for a moment, and finally gave a vague answer, "But since you are doing relevant transactions in the financial city, you must know part of the inside story." The quote given by Barclays is a bit problematic, so it is not excluded that their traders know the inside story. I think this guy can touch contact! ”
"Good!"
Zhong Shi nodded, "Since that's the case, then you don't bother to contact contact." I really didn't expect that they would have a similar club to manipulate LIBOR. I just don't know if these behaviors are their personal actions or whether they are instructed by the bank's top management. If the whole thing breaks out, it will definitely shake the entire financial market. ”
"Haven't you thought about how it's going to end up then?"
Ivana, who was sitting on the sofa, couldn't help but ask, "In this way, some of the big banks in Europe and the United States will be involved." When the time comes, it will inevitably become big news for the entire Western world, and the government will have a headache for it. Even our prime minister has to pay attention to such things, right? ”
"That's why I brought you here!"
Zhong Shi said without thinking, "Let the government be mentally prepared first, and then beat the big conglomerates at the right time." You and I are well aware that these big conglomerates will inevitably be involved in the European debt crisis. Just imagine, who are the largest holders of those treasury bonds sold in the market now? I think your prime minister would be happy to see European conglomerates beaten, right? ”
"But if it harms the interests of the European consortium, I don't think the prime minister will give up, right?"
Unconvinced, Ivana said, "If the interests of European capital are hit too hard, it will basically be a help to the United States." In any case, the Prime Minister and other leaders do not want to see a similar situation happen. ”
"Don't worry, of course they have a way to protect themselves!"
Regarding Ivana's statement, Zhong Shi sneered disdainfully, "The London Whale incident has now entered the criminal investigation stage, have you seen that JP Morgan is even a high-level person being involved?" Tell you, these things are well known, although they are violated, but as long as it is good for them, they will tacitly acquiesce. In case of the East Window incident, then the specific executor will be pushed out and punished, and the whole world follows this rule! ”
The London Whale, namely Bruno. Ixir. After the whole thing, he was given such a title by the market. On the surface, Ixhir's position was exposed, and it was besieged by hedge funds, which eventually led to huge losses. But the actual truth can never be exposed.
"Also, the latest eavesdropping equipment used by your agents, or recording equipment, get a set for Jiang Shan!"
Zhongshi commanded Ivana, "Also, your men must be ready at all times, lest he fall into a dangerous situation." My people can't make any mistakes in your work, you know? ”
His last sentence was so eloquent that there was no room for negotiation at all. (To be continued.) )