Urban Denon

Chapter 159 Borrowing Money

"Speculating on the exchange rate?" Xiao Yihan asked with some doubts, "Is there any country in the world whose exchange rate may undergo major changes in a short period of time?"

"Foreign exchange speculators generally use capital leverage. The so-called capital leverage is the margin system. Now there are many banks in the world, and their accounts have various foreign currencies. These foreign currencies cannot be used for direct investment. They can only be used for borrowing .And the speculators borrow money from these banks through the margin system.”

"The process is like this. I have one yuan, but I want to use ten yuan to speculate in foreign exchange, so I sign a margin contract with the bank. The bank gives me nine yuan to speculate, and I have to pay for the nine yuan The use of money to pay interest. Generally speaking, this kind of interest is higher than ordinary loans. When the speculation makes a profit, the bank will not distribute my money. I only need to pay the interest, and then all the profits will belong to me. But When you join the hype loss, the bank will stop the loss. The so-called stop loss means that when the loss is about to exceed your one dollar, and it is about to damage the bank’s nine dollars, the bank will automatically help you without waiting for your order You are responsible for all losses. If you don’t want to be liquidated, you have to pay more margin to cover these losses, so as to ensure that the bank’s money will not be lost.”

"I understand. To put it simply, the bank's business is to make money and not lose money." Xiao Yihan said.

"That's right, the margin system can help speculators command dozens or even hundreds of times their own funds for speculation." Cheng Guorong said.

"It is true to say so, but in the current market, the world's major currencies do not fluctuate much."

Xiao Yihan thought for a while, and asked, "The foreign exchange market should also be traded through computers, right?"

"Of course, is it possible to use manual transactions?" Cheng Guorong said.

"Then is there any particularly powerful trader who can influence the entire foreign exchange market?" Xiao Yihan asked.

"Hardly." Cheng Guorong said, thought for a while, and said, "Unless the United States suddenly strikes Iran, it may be possible. However, I think this possibility is almost impossible."

"Assuming that kind of thing does happen, what does it mean to me? That is, how many times can I make my stake?"

"If done properly, at least 20.00 percent, up to [-]% five." Cheng Guorong replied.

"How much money do you have from those clients?" Xiao Yihan asked.

"It's almost 80 billion." As soon as Cheng Guorong typed these words in the dialogue window, he covered his mouth with his hand in surprise, and then said, "You don't mean to trick me, use my hand Is this money speculating in foreign exchange?"

"I don't know. If I can't find the money then, I can only use the money in your hand." Xiao Yihan replied casually.

"Oh my god, I'd better jump off the building first, lest I spend the rest of my life in prison later."

"If there is such a thing as the United States attacking Iran, would you lend me the money?"

"There is no need for the U.S. to attack Iran, just let the U.S. military launch a missile at that place in Iran. If such a thing happens, I can help you use my money to operate it."

"If it works out, I'll give you a [-]% commission, and I'll find a way to launder the money and transfer it to your private account."

"Boss, stop daydreaming. There are not a few people like you who daydream. Let's be honest."

After about 5 minutes, Chen Guorong didn't see Xiao Yihan speak, thinking that he had successfully persuaded the hacker not to daydream, but just when Cheng Guorong was about to close the dialog box, he saw this sentence appear in the dialog window: "In order to express My sincerity, I have already transferred 500 million to your ICBC account, please check to see if it has been credited."

Cheng Guorong shook his head with a wry smile, and said, "Boss, you don't have to do this to make me happy."

"I never make fun of people."

Later, Cheng Guorong wanted to check his account through online banking, but he thought that the hacker had already invaded his computer, so he picked up his mobile phone, entered the service number of ICBC mobile banking, and then entered his card number, but after a while, he heard the message from the mobile phone. Come: "Your account balance is 5805 million yuan."

When Cheng Guorong heard the balance of this account, he was so frightened that he almost threw away the mobile phone in his hand. Then he saw Cheng Guorong hurriedly ran to an ATM downstairs and inserted his bank card. After entering the password, when I saw that the balance on my card was really the same as what I heard on the phone, I immediately stood there, and when I heard the boost tone of the ATM, I hurriedly removed my bank card from the ATM. He quickly took it out and ran upstairs. When he came to the computer, he saw the following words appear in the dialog box: "I will notify you before taking action." After that, the dialog box was automatically closed.

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