My rebirth is different

Chapter 294 Big Client Privileges

Yu Wenfei got into the car and drove towards the city.

While on the road, he made a phone call.

"Manager Wang, I'm Yu Wenfei... Yes, it's me. I'll go over to your securities company later and talk about financing."

This manager Wang is the key account manager of Haitong Securities Company.

Yuwenfei's capital is undoubtedly a big customer in any securities company, with a total of 4000 million in his account.

Margin financing and securities lending is a service provided by securities companies for large customers. Of course, in 2002, securities lending was not allowed, including financing, which was not publicly allowed.

However, in private, in order to compete for big clients, any securities company will provide this service.

Financing, to put it simply, means that Yu Wenfei uses the stocks in his account as collateral to borrow money from a securities company to speculate in stocks.

Of course, after financing, his account will be monitored by the securities company.

Even, sometimes the other party provides an account number for you to operate, but the account is bound to the other party's bank card.

In this way, the other party can monitor in real time, and there will be no risk of funds being transferred.

Before repaying the financing funds, Yu Wenfei cannot transfer the money from the account. In addition, if the market value of the stocks under the account falls to a certain level, Yu Wenfei needs to add enough funds to enter.

Otherwise, the securities company has the right to directly help him to forcibly close the position, regardless of the stock price at that time, it will be cleared directly!

Yu Wenfei now wants to eat up to [-] lots of stocks on the down limit, and his own funds are far from enough. The quickest and most convenient way he thought of was to raise money from a securities company!
Because there is absolutely no time to raise funds from other sources.

Today, Lao Zhuang of Amoi Electronics is demonstrating to himself and showing his muscles, so he is scaring himself by throwing out so many stocks.

This is also an opportunity for him to eat all the stocks in Lao Zhuang's hands.

If you miss today, they may stop lowering the price tomorrow.

…………

In the VIP room of Haitong Securities Pudong Branch, Yu Wenfei said bluntly to Manager Wang: "I want to raise money to buy a stock, but there is not enough money in my account."

Manager Wang asked with a smile on his face: "I don't know how much capital Feizong needs from us. You are a VIP customer of the company. Within a certain range, our branch can directly approve the loan."

"I have 4000 million in my account, can I get [-] million?" Yu Wenfei asked.

One billion?

Manager Wang was taken aback, this amount is not small.

He thought for a while, "[-] million is not bad, but I want to remind Mr. Fei that because the financing ratio is too high, the downside of the stocks you buy will be controlled very small, and there is an easy risk of liquidation. "

Under normal circumstances, securities companies will set up a clearance line in order to control the risk of their own funds.

For example, Yuwenfei has 4000 million of its own funds, and if it borrows 4000 million, the total account value will be [-] million.

But it does not mean that the clearance line will be set at the number of 1000 million, but at 2000 million, or even [-] million.

Because there is a real sharp drop, even if the securities company clears the position, it still needs time and the target of the order. It is easy to sell after a few days of continuous pressure and limit, so I will reserve a certain space for myself.

Yu Wenfei borrowed so much, the risk is definitely great!

For 4000 million stocks, only one and a half down limit is needed, and the total market value is reduced to 2000 million.

Is one and a half down limit easy?

Judging from the current stock market situation, it is relatively easy...

Therefore, Manager Wang must remind Yu Wenfei first to prevent future disputes.

Yu Wenfei was confident, and the reason why he borrowed [-] million yuan was because he judged that Lao Zhuang probably only had so many stocks in his hands, and there would be no more.

And I still have 3000 million cash in my hand, plus this 4000 million, after eating the [-] hands on the limit, I still have [-] million cash in case of accidents.

In a few more trading days, Amoi Electronics' great benefits are coming. At that time, no one can stop the soaring rise of Amoi Electronics' stock price!

Even if the worst happens, Lao Zhuang still has a lot of stocks in his hands, and he will continue to lower the price tomorrow and hit the limit.

Then I am not afraid.

Needless to say, he can easily get one or two hundred million from HSBC by mortgaging the copyright and future income of his three books.

The reason why I didn't go to HSBC was because I didn't have enough time today, and the approval procedures over there were relatively troublesome.

The risks are controllable and the profits are promising. This kind of investment is certainly worth doing!
"Just borrow so much, help me with the formalities." Yu Wenfei said without hesitation.

Manager Wang saw that he was so sure, so he didn't say anything, and called the person to go through the loan procedures.

Of course, the loan is not free, but the corresponding interest is to be borne.

This kind of loan is calculated according to the daily interest rate, and the loan is as many days as it is used.It is very convenient to borrow and repay at will, but the interest rate is a bit high.

Moreover, the loan contract signed with Yu Wenfei was not in the name of Haitong Securities, but a separate financial company. This was to avoid certain regulations and unspoken industry rules.

It took more than an hour, and all the procedures were completed. According to Yu Wenfei's request, the 3000 million funds were divided into three accounts, and each account had more than [-] million. These three accounts were provided by the financial company and handed over to Yuwenfei operates.

Now under his control, there are a total of 1000 million Amoi Electronic stocks with a market value of 3000 million, and a total of [-] million cash in four accounts!

Why is it divided into four accounts?
This involves some regulations of the stock market. When you buy a stock that exceeds 5% of the total share capital of the stock, you must issue an announcement statement, which is called "raising placards."

After you raise your placard, you become a shareholder of the company and enjoy the corresponding shareholder rights, but you also have to bear corresponding responsibilities.

If you want to sell the stock, it will be more troublesome.

Yu Wenfei just wanted to make a quick buck, he didn't want to be the major shareholder of Amoi Electronics.

So simply ask the financial company to provide several stock accounts and distribute the funds for operation, so that it will be convenient for you to cash out and leave the market in the future.

Yu Wenfei looked at his watch, he didn't eat at noon, and rushed over directly from the school.

The time spent on the road, plus the time to go through the financing procedures, took more than two hours.

It's early [-]:[-] p.m., less than an hour before the stock market closes.

He directly asked Manager Wang to find a big account for himself and log into the four stock accounts he controlled. He had to make a move quickly, otherwise he would run out of time.

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(End of this chapter)