Rebirth 2006, creating a super consortium
Chapter 40: JPMorgan Chase, cheat it, call each other idiots
VIP lounge of JPMorgan Chase Hong Kong Branch, Chater House, Central.
"Hey, Xu, and this young gentleman, hello, welcome to JPMorgan Chase Hong Kong Branch!"
He is in his 40s, about 175cm tall, of average build, with a broad forehead, hooked nose, sunken eye sockets, a pointed chin, and curly brown hair. He has a very typical Jewish appearance.
The Jewish man walked straight up to An Xin and Xu Yang, who were sitting on the sofa in the VIP room chatting, and greeted them in English with a smile.
Xu Yang stood up and shook hands with the Jew, then smiled and introduced An Xin next to him in Mandarin: "Karl, this is Mr. An Xin, a wealthy young man from the mainland.
This time I am here to open an account with JPMorgan Chase. Could you please help me with it?
Mr. An, this is Carl Sperger, President of JPMorgan Chase Bank Hong Kong Branch.
Hearing this, Carl Sperger extended his right hand to An Xin, then smiled and said in fairly fluent Mandarin: "Hello, Mr. An, Hong Kong welcomes you!"
An Xin politely extended her hand and shook his, then replied meaningfully: "Hong Kong has always welcomed me."
Carl Sperger seemed to be affected by An Xin's words. He was stunned for a moment, but soon regained his smile and said to An Xin enthusiastically: "Yes, Hong Kong has always welcomed everyone, including outstanding young people like Mr. An!"
An Xin shook her head upon hearing this and did not continue playing this kind of verbal trick with Carl Sberg.
There is no point in doing this. There will be plenty of opportunities to teach these people a lesson in the future.
Seeing that An Xin didn't say anything, Carl Sperger changed the subject directly: "Mr. An, Xu just said that you are here to open an account, right?"
An Xin nodded slightly and said, "Yes, I have a cash deposit of 1900 million US dollars that needs a new account to connect, so I want to apply for a JPMorgan Chase account."
Hearing this, Carl Sperger's eyes flashed with a hint of greed, but it quickly disappeared. Instead, he said to An Xin with a smile on his face: "Oh! Mr. An, there is no problem opening an account!
It is the right choice for you to open an account with JPMorgan Chase. JPMorgan Chase will become your most powerful partner!
I wonder if Mr. An has ever considered how to use the $1900 million?
Would you consider JPMorgan Chase's high net worth investment fund?
Or consider financial investment through our JPMorgan Chase channels?
As long as customers need it, we will provide them with the best financial channel services on the market."
Good man, I was thinking of cheating you JPMorgan Chase again in the future, but I didn’t expect you to hand me a knife now.
After listening to Carl Sperger's lengthy self-boasting, Anxin secretly complained inwardly.
After thinking for a while, An Xin decided to play along and cheat JPMorgan Chase first, so he pretended to be puzzled and asked, "Oh? What channel services can JPMorgan Chase provide? Can you tell me?"
Carl Sperger was delighted when he heard this. He was just doing things as usual, but he never expected that An Xin, a young man with a large amount of cash in his hands, was actually interested in financial investment. He had to find an opportunity to reap the benefits.
After organizing his thoughts, Carl Sperger immediately smiled and said to An Xin: "Mr. An, I wonder which market you plan to invest in? Stocks? Stock indexes? Oil? Gold? Silver?
Or is it copper futures, which is the hottest in the financial market recently?
The price of copper futures is constantly hitting the historical price of US$10000 per ton. Mr. An can definitely give it a try.
If successful, we will witness the rise of a new billionaire!"
"Copper futures? It seems to be very popular recently. I've heard about it." An Xin pretended to be interested and started to dig a hole: "I really want to try to enter the market. What channel services can you provide at JPMorgan Chase? Specific loans? Low margin?"
Looking at the innocent look of An Xin in front of him, Carl Sberg instinctively felt that something was amiss.
But as soon as he thought of the cash flow of $1900 million, he quickly forgot about the slight abnormality and said to An Xin with a smile: "Mr. An, we at JPMorgan Chase can provide all the services you mentioned. I wonder what specific services you need?"
The fish is about to take the bait!
An Xin smiled slightly and chose to continue to lure: "Karl, I can consider investing $1900 million in the copper futures market to test the waters, but I need you, JPMorgan Chase, to provide specific short-term financing services and low margin services.
Copper futures fixed investment project, minimum 5% margin, US$1900 million, 15-day short-term financing loan, 2 times the loan amount.
I can give you a short-term financing loan of $100 million at interest, what do you think? "
Carl Sberg did not answer immediately after hearing this. Instead, he observed An Xin for a while, then lowered his head and began to think.
An Xin did not urge him, because he knew that Carl Sberg would eventually nod and agree.
There is no other reason. Anxin's operation is too risky, while the risk for JPMorgan Chase is very small.
Because this is a 20x leverage plus 2, which is equivalent to opening an order with a 40x leverage. As long as there is a 2.5% fluctuation, the position will be liquidated.
An Xin could even guess that Carl Sberg had promised to carry out some warehouse operations in the future.
You just want to be my opponent and take away my 1900 million US dollars? Then come on, let’s see who gets unlucky!
About 5 minutes later, Carl Sberg raised his head, stared at An Xin with red eyes, and then slowly said: "Specific copper futures project, minimum 5% margin, 1900 million US dollars mortgage, 15-day short-term loan, 2 times the loan amount, I can agree to all of these.
But I want $190 million in interest, and in the case of extreme volatility, we will prioritize closing your position, which is in line with the market conditions for short-term high-value financing.”
An Xin shook her head and said, "150 million US dollars is the trigger for the liquidation price to close the position. If you agree, you can start drafting the relevant agreement. Lawyer Xu is here too, and he can help me review the content of the agreement."
Carl Sperger stared at An Xin for a moment, then suddenly smiled, stood up, stretched out his right hand toward An Xin and said, "Mr. An, deal!"
The fish is hooked!
An Xin was also happy. She stood up, stretched out her right hand, shook hands with Carl Sperger and said, "Happy cooperation!"
The two of them just stood there and shook hands, then looked at each other with a dagger hidden in their smiles, saying nonsense like happy cooperation, but deep down, they must have already called each other idiots!
Xu Yang sat nearby and watched the drama being performed by the two people, his expression somewhat at a loss.
Aren't you here to open a bank account? Why do you suddenly want to do copper futures?
Does the entrustment still count? The agreement has been signed!
"Xu, what's wrong with you? Mr. An is calling you!"
Xu Yang felt someone patting his shoulder. When he came to his senses, he saw Carl Sberg and An Xin standing beside him, looking at him with concern.
Xu Yang forced a smile and said, "Sorry, I just remembered something. Are you guys done talking?"
An Xin seemed to see his worries and said directly: "Lawyer Xu, don't worry about the commission. I will pay you the commission fee directly later, and you can continue to handle the commission process."
Xu Yang smiled awkwardly and quickly explained: "Mr. An misunderstood, I just felt a little emotional. In just a short while, you have reached a $1900 million cooperation agreement. It's really too fast!"
An Xin and Carl Sperger looked at each other after hearing this, and then called each other idiots and laughed out loud together.
Xu Yang looked at the two people who were laughing in front of him in a daze, and his eyes began to become a little strange.
Seeing this, An Xin immediately stopped laughing, coughed twice to cover up her embarrassment, and then suggested: "Karl, how about we deal with the account opening, and then we will work with Lawyer Xu to draft the negotiated agreement?"
Carl Sperger nodded immediately after hearing this, said OK, waved his hand and asked the two to follow him, and then walked towards his office together...
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