Chapter 151 Contract Delivery
It was six o'clock in the afternoon, and it was already dark. Neon lights at night were also turned on in Patton's Tavern. Zhou Ming and Brooke were still sitting on the sofa. They have been sitting here for more than nine hours since the morning.
Even Brooke, who had experience in meetings in the parliament, couldn't sit still. Even though he was noisy around him like a vegetable market, he was still yawning one by one, but Zhou Ming was still as motionless as a mountain on the other side. This made Brooke sigh that it was better to be young, and when he was old, he naturally could not compare to young people.
Brooke thought that when he was young, he would sit for a day, not to mention a day, even if he didn't blink for two or three days, now he is almost sixty years old, so he will naturally be tired, even if he just sits here.
But when he was young, ⊥.□¤.≠ did not have the ability to control the market, at most he would follow someone else’s butt to pick up bones to eat. But now Zhou Ming not only has the ability to control the CDS market worth more than one billion, but is also so young. This made Brooke very jealous. He didn’t understand why such people could still be so young and why all good things were put on him alone, which was really enviable.
Finally Brooke couldn't help it, and he asked Zhou Ming: "When will we wait?"
Zhou Ming raised his hand and looked at his wrist watch, then waved to the waiter at the tavern and asked him: "How many orders do we have now?"
The waiter was prepared for this issue, but he took out a document and handed it to Zhou Ming and said, "Mr. Zhou Ming, plus the order that was traded a quarter of an hour ago, you participated in a total of 40,000 cds contracts and 100,500 cds contracts. For this reason, you need to pay 21,000 US dollars to complete all exchanges. Do you need to end today's transaction?"
"I really didn't expect that today I would have to complete a $200 million transaction at once." Zhou Ming said with some emotion.
Listening to Zhou Ming's words, Brooke and the waiter were helpless, because the transaction of 200 million US dollars really sounded scary, but the more important thing was that he spent 200 million US dollars to buy a CDS contract of more than 900 million US dollars, which was definitely an extremely profitable deal. Now Zhou Ming still sighed that he was just taking advantage of the situation and was so shameless!
"Okay, that's here today. I'll decide to end the transaction and delivery contract." Zhou Ming made the decision.
"No problem, do you have a marketing agent to make an appointment?" asked the waiter.
Zhou Ming shook his head and said, "No, I don't plan to use any indirect transactions. If possible, I hope it can be a face-to-face transaction."
This answer surprised the waiter because almost all large-value transactions in the tavern were indirect transaction models of market brokers.
This indirect transaction model is that there is a very special contract delivery method in Patton's tavern, which is delivered through the market broker of the tavern. Simply put, both parties to the transaction put the money and contract in the tavern, and then the broker handed over to the other party to complete the delivery. In this way, the direct encounter between the two parties can be avoided through a third-party delivery method, ensuring the concealment of the transaction and the privacy of both parties. After all, many rich people do not like to show up in public.
However, with this third-party delivery model, there are naturally transaction models on both sides of the buyer and seller, but they require the joint cooperation of both buyer and seller. Since many sellers will name the seller when submitting a transaction to ensure the quality of the contract, they generally have no conflict with face-to-face transactions, and they can start as long as the buyer agrees.
Since Zhou Ming made such a choice, the waiter could only nod and said, "Okay, no problem, I will arrange the venue for you right away."
Then Zhou Ming and Brooke followed the waiter to the third floor, where there were three very luxurious presidential suites, which were specially used by the tavern to receive VIPs. Zhou Ming, who had a transaction of more than 200 million US dollars at a time, was naturally absolutely qualified to be arranged here.
Zhou Ming and Brooke sat on the sofa, and soon the waiter brought a few people in. Zhou Ming, the first dealer, still remembered that it was Jiamei, chairman of the Caribbean Investment Company who had asked him questions.
Jammel was stunned when he walked into the suite. Although he doubted why anyone would be willing to buy those CDS contracts later, he never thought it would be Zhou Ming and Brooke. You know, they were the first to sell CDS contracts. This time the CDS market collapse was also the reason for them. Besides, isn’t Brooke Investment Company on the verge of bankruptcy? Where did they get the money to buy the contract?
With these doubts, Jammel walked to Zhou Ming and Brooke and sat down. He looked around and asked, "It seems that I was deceived by a conspiracy. Let me guess. You guys deliberately sold the contract today so that the price fell and then bought the bottom of the game by yourself? You two liars, your actions are not gentlemen at all!"
Zhou Ming replied in response to this: "Dear Mr. Jamaire, if I remember correctly, you asked me that I didn't tell you anything, but just made you believe in your own thinking. Is this also a kind of deception?"
Jamair, who was criticized, had nothing to say, so he honestly took out his CDS contract and Zhou Ming started trading under the witness of the tavern market broker. After the transaction ended, Jamair left Zhou Ming with a sentence of "I hope these contracts can make you money" and then left.
After sending Jamair away, the second person to come in was Ceo Madison from Louis Investment Company. He didn't know Zhou Ming, but Brooke he knew him. Therefore, like Jamair, Madison was stunned at the first time he came in.
Then Madison walked to Zhou Ming and Brooke and sat down and shouted: "My first reaction when I first came in, I thought I had gone into the wrong room, because you, my Brooke Councilor, your company is going to go bankrupt? Why do you still have money to buy it? So I still can't believe that you are going to buy my CDS contract. If so, then your previous selling behavior that led to the entire market would be a big conspiracy!"
Brooke clenched his fists, but Zhou Ming asked him to relax. Then Zhou Ming said, "This is Mr. Madison? I'm curious about the question, is there anyone else who is now responsible for idiots?"
Madison then noticed Zhou Ming beside Brooke. He looked Zhou Ming up and down a few times and said, "Are you a Chinese who took over Brooke Investment Company? I'm sorry I don't understand what you are talking about."
"It's very simple. Brooke and I, we never deliberately wanted to drive anything. We just thought it would be profitable to sell the CDS contract for four hundred. Later, we thought it would be profitable to acquire the CDS contract for less than three hundred, so we did this. Mr. Madison, are you still our responsibility now? "
Madison wanted to say something, but Zhou Ming's last sentence made him unable to say anything. Zhou Ming said: "I'm sorry, I'm not your father."
Madison was so angry that he wanted to go crazy, but he pointed at Zhou Ming but couldn't say a word. In the end, he could only honestly hand over the contract with Zhou Ming and then leave angrily.
After Madison, Martin, chairman of St. Martin, chairman of New Dawn Investment Company, Leo, and other "big guys" also walked into the room one by one. Of course, their expressions were as surprised as Jammel Madison. After all, Brooke's investment company was about to go bankrupt, so how could he still spend so much money to buy these CDS contracts? Especially when they all knew that before them, Jammel and Madison also came to sell CDS contracts.
These people are all "big people" in Brighton's financial circle. They know very well who has the ability to spend so much money to buy CDS contracts. In the current subprime mortgage crisis, the only one who can use money to buy CDS contracts is Brooke. Then they can undoubtedly be sure that Jammier and their contracts are sold to the same person.
You know, even though the price of contracts has been falling recently, these contracts are all packaged to reach the level of thousands of dollars. No matter how they fall, they will be more than two hundred dollars. There are still 100 to 200 million in total. Even Brighton Bank is a big figure. But now Brooke is so easy to take it out and is used to buy CDS contracts. Why is this?
Cristo at the Adams Manor in White Mountain is the same doubts as those of these 'big figures' in the Brighton financial circle.
When Zhou Ming and Brooke delivered the CDS contract in the presidential box of Patton Wine, their delivery information was only an hour before it reached Christo.
As the patriarch of the Adams family, Christo is undoubtedly a good player in finance. He has also conducted many financial events, so he is also familiar with some financial means, including how to manipulate the market.
Just like a stock crisis before, he wanted to acquire stocks of a company. From the opening of the morning, he asked his investment companies to sell frantically. Such selling will inevitably lead to a price drop. After the price fell below the bottom line, Christo asked those investment companies to recover all the stocks and achieve the goal of holding more stocks.
Zhou Ming obviously did the same now. Although it sounds like Zhou Ming spent hundreds of millions of dollars to buy the CDS contract, the same value of CDS contract may have to spend twice as much money yesterday.
"This Chinese is doing a good job using the resources you have and your judgment on the market to manipulate the market, but what's the use of getting these CDS contracts?"
Christo was very confused, and he picked up his cell phone and called Patton Tavern: "I am Christo Adams, are you the person in charge of Patton's wine?"
Originally, there was a confused voice on the other end of the phone, but with Christo's self-introduction, the other side suddenly became awake. This was the call that Christo called the owner of Patton's tavern. The boss immediately said after hearing Christo's voice: "It turned out to be Mr. Christo. I am so rude. I don't know what Mr. Christo has to give?"
Compared to the tavern owner's kindness, Christo said very directly: "I know someone just delivered a CDS contract of more than $200 million in you, right? I need the details of their transaction."
...
Chapter completed!