Back to Ming Dynasty with Industrial Revolution System

Chapter 792 Da Yuer's Financial Means (Seventh)
The president of the Tokyo branch brought Da Yu'er and others to the warehouse of the Tokyo branch, where several large boxes of silver had been piled up, all loaded with fine silver.

"These are the deposits paid by the buyer." The accountant who was checking the quantity looked at the silver everywhere, his eyes straightened.

Just one day, the deposit paid is so much.Moreover, the deposit is only 10% of the trade amount, which means that the amount of silver shipped back to the mainland by Huaxia merchants is ten times that of here.

"Dongying is different from our Huaxia side. I don't know if it's because of poor metallurgical technology or other reasons. Their silver is in the shape of silver bars or silver lumps." The president took a silver bar out of the box and asked Dayu They introduce.

"The military leader said that the places with the largest silver production are Japan and distant South America." Da Yuer said.

"The security deposit system helped our branch obtain the first bucket of reserve funds, and there are silver bars to issue loans to merchants." The branch president put the silver bars back and looked at the security deposit obtained with satisfaction.

"It often takes a few days, ten days or even months for the trade between merchants to go from signing a contract to delivering the payment. Requiring them to pay a deposit can retain part of the funds for the bank. However, the main purpose of the deposit is not to retain funds. It is to reduce the cost of breach of contract." Da Yuer said to the president of the Tokyo branch.

"I understand this point, that is to say, those who can put up a deposit are basically those who are willing to trade, which can reduce scammers pretending to be businessmen to trade, or some people are empty-handed wolves." The president of the Tokyo branch also passed the Academy of Sciences People who have been trained often have a good understanding of these things, otherwise they would not be able to sit in this important position now.

"The security deposit has another function." Da Yuer said again.

"There are other functions?" The president was a little surprised.

"Think about it, what will happen if we announce that the 10% margin will be raised to 100%, or even 200%?" Da Yuer asked.

"If the margin rises to 100%, when I want to buy a batch of goods, it is equivalent to paying the full payment to the bank in advance, and then the bank hands it to the seller when the transaction is completed. If it rises to 200%, I need to pay in advance Pay twice the payment to the bank, and when the transaction is completed, the bank will give half to the seller and return the remaining half to me... I understand that it is impossible for ordinary businessmen to be willing to put such a large amount of silver in the bank in advance. Reduce their willingness to trade, and then reduce the scale of trade. In the same way, if we reduce the ratio of deposits, trade will be promoted." The president of the Tokyo branch said suddenly.

"Not only that, but also other functions." Dayuer continued.

"What else?!" The president was about to collapse.

"If I were a businessman from Japan, I would need to buy a few catties of tea from a Chinese businessman next year, but now I don't have enough money to pay the full deposit to the other party, or I'm afraid that the Chinese businessman will disappear after taking the deposit. At this time, as long as you pay a 10% deposit to the bank, and there is no bad transaction record in Kyushu Bank, you can make a deal for next year at a relatively low cost, and you can make up the payment next year." Da Yuer said calmly Said.

The president of the Tokyo branch listened with even more admiration.

"However, the focus of our experiment this time is not the deposit system, but the clearing method of bank transfer through the Tokyo branch." Da Yuer suddenly turned around.

"I don't quite understand this point. The settlement through our bank is just our bank as an intermediary. Whether businessmen can do business with each other has nothing to do with us. When it comes to settlement, they will bring the silver to the bank. It’s nothing more than transferring the account to the other party’s name. Our bank has not profited from it, and we have to arrange manual settlement, counting, and synchronously updating the account books between the head office and branches. Why is it the top priority.” The president was a little puzzled.

"It is true that at the beginning they would bring the silver taels to our bank for face-to-face transactions, and they would even feel that we were unnecessary. However, many trades between Dongying merchants and Huaxia merchants are large-scale transactions, and it will be troublesome to bring silver taels. It has been a long time , They will deposit a sum of cash in their accounts for turnover, and then they will just send someone to transfer the money empty-handed. And we will promote bank notes and checks later, and they will find it more convenient."

"For us, the revolving bank deposits parked in their accounts is another stranded deposit. At the same time, through the circulation of bank accounts between accounts, we can track the source of the merchant's property, credit status, whether there is arrears of customs duties, whether there is any If there is no market monopoly, it will play a greater role in the future." Da Yuer patiently explained her reasoning.

"Miss is indeed a top student in the Department of Economics. I think I should resign from the Ministry of Accounting. With your ability, you may be more suitable for this position." The more the president of the Tokyo branch heard what Da Yuer said, the more frustrated he became .

"This is just my speculation, and it may not be able to achieve such an effect. There may still be many shortcomings, such as the increase in labor costs you mentioned..." Da Yuer said quickly.

"If it's just a big deal, it shouldn't increase the cost too much." The president of the Tokyo branch said, "I will urge my subordinates to follow the instructions of the eldest lady and strictly implement these two changes. This is very important for our Kyushu Bank. It’s also helpful to raise your profile, because we were basically just deposits and loans, and the occasional war bond issue.”

"The Bank of Kyushu will be the most critical link in our financial system in the future, and the military leader has high hopes for us." Da Yuer mentioned Chu Yun, and couldn't help being a little fanatical. This time she went to Japan to form and manipulate the financial market, and some suggestions came from Yu Chuyun's opinion.

"If there is a military leader behind us to support our Bank of Kyushu, I think our Bank of Kyushu can play a more important role in the future!" The president of the Tokyo branch was also a little excited after knowing that Chu Yun was behind him.

Their Bank of Kyushu's involvement in the trade between the two countries may harm the interests of some businessmen, but it can greatly improve the status of Bank of Kyushu, and even...

"Even Kyushu Bank and Far East Trading Company will become the two most important departments under the account department." Da Yuer expressed the thoughts in the mind of the president of the Tokyo branch.

"Miss, you are really a genius. If one day you become the president of our Kyushu Bank... No, the head of the household department, I won't be surprised at all." The president of the Tokyo branch said.

(End of this chapter)