Futures is compared with the spot statement, the traditional commodity trading pays attention to one hand to pay and one hand to deliver, and the goods here are spot. Pen "Fun" Pavilion www.biquge.info

Futures, on the other hand, are for future trading and delivery, and the specified underlying asset is delivered at a specified time.

From the initial verbal promise to the conclusion of the contract, an unexpected change in the owner of the contract occurs.

This process is the earliest futures trading.

Of course, the early futures were based on the spot, until the commodity economy was active, and futures trading gradually became a financial instrument.

It is simply impossible for someone who buys or sells futures to take home a ton of soybeans a few months from now, and only buys a paper contract.

Then sell it at the right time, earn the difference, and derive leverage.

It is a financial system that has taken thousands of years to mature.

This system is very easy for people like Lin Ye who have experienced modern education.

But for the world, even the best economists struggle to understand.

Not to mention the establishment of such a system.

This is Lin Ye's innate advantage.

Now he is going to use this futures trading to tide over the current financial difficulties.

"My lord, in addition to the 20% price increase, I am willing to pay double the deposit!" Kanter saw that the little duke was shaken, and immediately increased his weight.

He had no concept of futures in his head at all.

However, it is a common thing to place an order.

"Deposit, Your Excellency Kanter, if you say this, then you will see the outside, the market price is changeable, in case the price of beer falls back then, then Your Excellency, won't you suffer a loss?" Although Lin Ye was talking about the price, when he said the word "market", he accentuated his tone.

His seemingly unintentional move touched the nerves of many businessmen, including N'Golo Kante.

At this stage, they don't want to make much profit.

It is to seize the market and open channels in the shortest possible time.

Because in addition to running their own taverns, they will also sell beer to other cities.

If you can't occupy the market in these cities at the first time, it will be a slow step, a slow step.

Stabilize the sales channel, that's when you really make a lot of money.

"Lord Duke is really kind, for the sake of us businessmen, but there are losses and profits in business, not to mention anything else, Lord Duke's friend is worth befriending, I am willing to pay a deposit of half of the total value of the goods on the basis of a 20% increase!"

Another businessman, who had been standing behind Kante, stepped forward decisively at this point.

Although he also has his own warehouse in Yuyue Harbor, his business is more focused on the interior of the empire.

He was not well-known in Yuyue Harbor, and the merchant ranking was outside the top ten.

But within the empire, it is famous.

"This is ...... Your Excellency Kesairu is really generous, and if you pay so much deposit, aren't you afraid that this Duke will repay the debt when he arrives?" Lin Ye half-jokingly.

When he first arrived at the casino, he asked Vant to sort out the information of these merchants.

Although most of this information is collected from the mouths of sailors.

But on his way to the port, Lin Ye deduced from this fragmentary information that Kesairu was the most well-funded of the gang.

Not only the capital, but also his sales channels and the characteristics of the businessman are the most outstanding.

So he decided on the trade object early.

It's not Kante, it's not Famiang, it's Kesairu!

Because Leaping Harbor was not the end of his overseas trade, he was really targeting the populous interior of the Empire!

Only Kesairu can help him successfully open the inland market!

"Dealing with Lord Duke, I, Ke Sairu, am naturally trustworthy, and I am very interested in the follow-up cooperation with Lord Duke. Kesairu, with his hair combed meticulously and a pinch of mustache, groaned with a smile.

His half-way strike undoubtedly disrupted N'Golo Kante's plans.

Half of the deposit?

That's two whole ships, nearly 2,000 barrels of beer.

According to the price of a barrel of 200 silver coins of the Black Fire Company, 2,000 barrels is 400,000 silver coins.

Another 20% increase in price, that's 480,000 silver coins.

Half of the deposit is 240,000 silver coins.

Although this amount, he Kante is not unable to come up with it.

But that's his income for 5 years!

However, Kante made a quick calculation of the profit in his mind, and paid 240,000 silver coins to get two ships of beer, which he would get after the sale......

1,000,000 silver coins?

After deducting the purchase price of 480,000 silver coins, as well as some costs including transportation and labor.

You can earn over 400,000 credits in just a few months!

God, that's his income for a whole decade!

For this huge profit, he also has to fight!

"My lord, I'm willing to pay 60% of the deposit, I want to be in Yuyue Harbor, I'm still better than K'Setru. Kante glared at Kesairu at a seemingly casual angle.

I hope he will retreat.

In his opinion, in the entire Fish Leaping Harbor, only the old thing Farmion can compete with him.

What are the others?

"I'm out 70 percent. Kesairu immediately raised the price and only smiled in the face of N'Golo Kante's threat.

It's a big deal that he doesn't go to the port of Yuyue Port.

Anyway, his business focus is not there.

Even if he offends Kante, will he still be able to chase him to Port Seagull?

"I paid 80% of the deposit! But I didn't have that much money with me, so I had to go back. Kante gritted his teeth.

His eyes glared at Keseru like a viper.

Usually this mustache has always been well-behaved.

I didn't expect to be so strong at such a critical time!

"I paid 100% of the deposit to buy the beer produced by the Black Fire Company in the next two months, and the cash can be paid now, and I hope to cooperate with the Duke for a long time in the future. Kesairu smiled indifferently.

Kante looked at him stunned.

100% deposit?

That is, paid in full?

That's 480,000 silver coins!

This mustache was actually carried on the boat?

In other words, he came prepared for this trip.

But isn't he afraid of encountering pirates?

Or is he simply fearless?

He'd been underestimating him all along?

Kante clenched his fists, his cheeks flushed.

"I don't know if the deposit paid by Mr. Kesairu is before or after tax?" Lin Ye suddenly asked seriously.

This time, even Kesairu was stunned.

He quickly realized that it was a nobleman standing in front of him.

The port belongs to his domain.

He had every right to collect taxes on his land.

In fact, whether it is Seagull Port or Yuyue Port, you need to pay commercial tax.

Tax rates range from 20% to 35%.

However, by bribing port and tax officials, commercial taxes can be kept down to a very low level.

This is also an unspoken rule that everyone knows by heart.

"Your Excellency Kesairu don't need to be nervous, just kidding, Duke Ben has already signed an executive order yesterday, the tax rate of the port has been reduced to 1%, and the prosperity of the port will depend on you a lot in the future. Lin Ye laughed loudly.

This time he earned more than just silver coins for nothing.

There are also markets in the interior.