Fu Hua didn't want to correct the other party's mistakes. Sometimes the judgment made by the other party based on the error was beneficial to him, especially this kind of person who wanted to use him.
He sent a message in the past: men, for beautiful women, they want to take possession of themselves. This is also where men's animality lies.
You are honest enough, but are you fair to your girlfriend like this
Hey, I start to believe that you are really a woman, and you actually fight for my girlfriend. In fact, in this respect, there is no big difference between men and women. Take you for example. If you see a handsome and considerate man, even if you have a boyfriend, wouldn't you be tempted
Don't make an analogy, I don't have a boyfriend yet.
Oh, you avoided my question, which means you are not sure that you will not change your mind. Hey, you don't have a boyfriend. This is very rare. Ask, are you beautiful
Of course I am beautiful, with a natural beauty. What do you mean? Want to tease me
That's what you think, but usually on the Internet, people who say that they are beautiful and beautiful are often dinosaur-level goods. I need to think about it.
Why, if you want or don’t, you can easily make a judgment. Why do you have to think about it
Of course, you have to think about it. You see, although you may be a dinosaur-level character, but your wealth and strength are very powerful. This is very tempting to me at the moment.
You are a dinosaur-level character, tell you I am really beautiful. Hey, how do you know my wealth and strength are very powerful
It's very simple. Can you help me think of a solution to 10 billion funds? It shows that you have at least experience in this area. Either you have done this kind of thing before, or your family has the strength in this area. If it was a Xiaojiabiyu type, he couldn't think of it even if she wanted to break her head.
If you are smart, do you want me or not
Yes, of course. A woman who can solve 10 billion funds, even if it is a super dinosaur, I want it, don’t be a fool.
You are very practical, but don't think about beautiful things. I'm not interested in you.
Haha, it's wrong to express your love, well, let's talk about something practical. Let's talk about it, how do you help me prepare the 10 billion fund. Let me tell you, I'm serious, don't fool me with joking words.
Don't worry, I also have my purpose. You can't raise funds, and you can't even solve my problems. Tell me the truth, how many shares of Jinglong Real Estate do you currently hold and how much cash do you have
Fu Hua hesitated for a moment. These are his current business secrets. A stranger suddenly asked him what this means. He didn't want to spy on the plot, right? This has to be guarded against.
The market value of Jinglong Real Estate in my hand is around 5 billion. Is the capital less than 2 billion
You actually have so much capital and stocks? Nonsense, you don't tell me the truth. Do you think I don’t know anything about you
Then tell me, how much capital and stocks do I have in my hands
According to the information I have, the market value of your stock is about 3 billion, and the liquidity is less than 1 billion. This includes the funds used by Zendai Securities to buy the shares of Jinniu Securities in your hand and the funds lent to you by Yunzhong Group. Capital, you have doubled the numbers.
Just follow the numbers you said. Tell me about how I should prepare the 10 billion. Fu Hua was still a little frightened. The figure said by the other party was really not very different from his situation. It seemed that the other party had more or less grasp of his true situation.
Let me tell you, this is a big bet. You have to first think about whether you can take such a big risk.
The greater the risk, the greater the benefits. Since I have spoken to you, I am psychologically prepared to take such a big risk. Tell me, what should I do
Do you know the interest swap business of brokers
I really don’t know this. Tell you, I entered the securities business by mistake. I don’t understand this business. This is why I sold Taurus Securities.
It’s really not easy for you to stay in this industry until now. Let’s simply tell you that this is a derivative product, an over-the-counter non-standardized product, and a leveraged product. But it is a legal business. According to the agreement, the broker and the customer holding this income swap license will exchange cash flow with a fixed interest rate for the income performance of a specific stock within a certain period in the future.
The business started a pilot program in 2012, and currently more than 20 brokerages have obtained this license qualification. Income swap has also become the most important business of OTC derivatives along with OTC options and income certificates.
Judging from the current business model of the pilot brokerage firm, the transaction price of the two sides of the stock income swap is not fixed, but a "one-to-one" agreement between the investor and the brokerage firm, which is a non-standardized product. There are no strict regulations on the exchange direction and the link target, and the design is completely in accordance with customer needs.
Brokerage firms will mark-to-market swap transactions and collateral on a regular basis. If the guarantee amount is insufficient, investors must add additional guarantees as agreed. The types of available collateral include cash, treasury bonds, financial bonds, corporate bonds, and blue chip stocks in the market. The discount rate of collateral varies, cash is 100%, national debt is over 90%, and the lowest discount rate for stocks is only 20%. This business requires investors to provide their own credit or other equity products as collateral, which has a certain leverage effect. At present, the potential leverage ratio of this business can reach nearly 5 times.
This guy sent so much content in a series, but Fu Hua didn't understand a word. He posted a wry smile, and then said, you can explain this to me in a language I can understand.
I spent a long time talking, but you didn't understand a word. I really convinced you. Okay, I won’t tell you so much. To put it simply, the broker lends money to investors, who then use it to buy stocks. There are two parts of money that the brokerage earns, one is to charge interest at the annualized interest rate of about 8% of the annual loaned funds (and, in many cases, it is actually through the bank to allocate funds, so it is still earned by the bank).
One is to lock in this product to use the brokerage business of a brokerage firm to earn a handling fee, and it can be slightly more expensive. Because the trading channels of different brokerages are basically the same, whoever is used to do the transaction still depends on who the derivative business is done with.
I understand a little bit when you say that, and you continue.
Investors and securities firms only exchange cash flow for earnings, and generally do not need to perform physical delivery of stocks. Investors can realize the purpose of equity financing, strategic investment, leveraged trading, market value management and the creation of structured products through stock income swaps. Among them, the transaction method of equity financing is similar to the contractual repurchase of stocks, that is, investors can use the stocks they hold as collateral to obtain "loans" from brokers; while the operation of leveraged trading can be used without actual holding of shares. Under the circumstance, only need to pay interest on funds to exchange for stock income.
I'm confused again when you say that, what's this all about
Okay, your boss, let me tell you a little bit more briefly. In theory, the income swap agreement is a bet. It does not require real transactions such as buying stocks, but only exchanges for cash. The two sides of the bet are brokers and investors. Basically, when stocks rise, investors benefit, but when stocks fall, investors suffer losses.
Fu Hua didn't speak for a long time. He understood a little, but he didn't understand it all. After a while, he asked weakly, I understood a little bit, but what does this have to do with the battle between me and Huang Ke
I'm really mad at you, why are you so stupid? Let’s put it this way, this swap agreement means that you borrow money from a broker to buy stocks when the stock price is low, and you can also add a certain amount of leverage. The current leverage ratio in the market is two to five times, and you mortgage a portion of your assets with the broker. Based on your credibility, it is estimated that you can increase the leverage to three times, that is to say you can borrow three times the money, but once you lose the bet, you have to bear the loss that is magnified three times. You have to think clearly about the risks.
I understand this, but does it have anything to do with Huang Ke
I really convinced you, do you know how the fucking Zhu Bajie died
Haha, stupid, all right, just tell me what to do.
I don’t think I can explain it to you. Okay, listen. The following is what I want to give you. First of all, I will introduce you to several brokers. If you reach an income swap agreement, you can use mutual income. Exchange the funds lent to you by the brokerage under the name of the agreement to purchase shares of Jinglong Real Estate, and then you will repurchase the stocks held by this part of the brokerage to achieve the purpose of actually owning this part of the equity. Do you understand now
Haha, I understand, that is, someone will lend me money to buy shares in Jinglong Real Estate. Isn't this a one-sentence thing? You see a lot of talk, but the point is that you haven't explained it.
The other party sent a painful expression and said, you still have to blame me, how do I know you are so stupid
It's alright, I won't talk about you. Your method is likely to work. Now the problem is coming. How can you guarantee that the brokers will sign an income swap agreement with me
This is for them to make money, why don't they sign? Besides, since I can give you this suggestion, I am sure to let them sign a contract with you. Who am I? I am the daughter of the big brother Long Chengbang.
The other party was very domineering, but Fu Hua was a little confused and couldn't help asking, who is Long Chengbang.
Hehe, I'm so mad at you. Long Chengbang doesn't know who it is. Haven't you seen it in the Great Times