Reboot 2003

Chapter 219 Chapter 127: Cafe (two in one)

"There is a place to go, will you go?"

"Where?"

"It's just a cafe...forget it, let's go."

Time was tight, so I took Xu Lingling directly to set off. Although it was not necessary, as a student who was about to graduate, it was time to take her to see the world.

After entering the elevator, I straightened my collar. The elevator door closed, reflecting the figures of two half-grown primary school students.I'm about to graduate from elementary school. I've grown a bit taller and dressed up, and I already look a bit like an adult.

But he is not an adult after all, so even if he wears sunglasses and fashionable clothes, he still looks a bit ridiculous.

And the elevator stopped when it reached the third floor, and the elevator door opened.

Among the people in suits and ties, you could vaguely see Lao Xu talking to a large group of people.

Someone walked in, and Chen Qin quickly pulled Xu Lingling back to hide.

Of course the adults didn't see it, but Xu Lingling became a little nervous. She realized that where Chen Qin was going might not be normal, at least it was something he didn't want the adults to know.

She finally had time to ask: "Where are we going to the coffee shop?"

"It's a little far away. I can take you to see Meijian's coffee latte art. It will give you a long experience. If you are afraid, forget it..."

"I'm not afraid."

The two children talked quietly. When they got downstairs, Chen Qin asked Xu Lingling to wait outside the door. He took out the corporate Visa card he had prepared in advance and entered a travel supplies store on the roadside.

There were no sunglasses in the store, but I saw an expensive little wreath on my head. I didn't look at the price carefully, so I swiped my card and went out, but I couldn't see Xu Lingling.

"Lingling!"

After shouting, Xu Lingling ran out from the shadow of the building next to her, but on the other side there was a man wearing a leather jacket, dressed in dusty clothes, with a computer bag under his arm.

As if hearing his voice, he suddenly turned around. Is this regardless of Wenjie?
Chen Qin shrank his neck, quickly put the wreath on Xu Lingling's head, and then pulled Xu Lingling over. Fortunately, Gu Wenjie didn't notice anything strange. He glanced at it and turned back, continuing to stand where he was, looking in the direction of Times Square.

What's wrong, the people in your company are busy going public, but you said you can't let it go, but in the end you didn't go to the road show, and now you're just lazing around outside, right... forget it.

Chen Qin grinned and walked past Gu Wenjie. Fortunately, the disguise was successful this time. Although Gu Wenjie had actually seen him before, the image in the camera was also the same... But after all, he was in front of the camera.

Coupled with the inherent impression left by the way he spoke, Gu Wenjie only knew that he was an adult, but now he couldn't recognize him.

Just like that, we left the confines of the hotel, and there were no acquaintances around.

And next... freedom.

In the beautiful and free world, secretly leave the area controlled by parents and run towards the unfamiliar streets.

It might be a bit dangerous, but this is in the busiest urban area of ​​Manhattan, and he doesn't go to any strange places, so there should be no problem.

The black guitarist on the roadside played and sang lively songs, and the graffiti walls were spray-painted in colorful colors.

Xu Lingling looked curiously at the roadside, holding Chen Qin with one hand and holding the small garland for sunbathing on the beach with the other, for fear that it would fall to the ground.

Chen Qin's goal was very clear. He stopped a taxi at the street corner, got in and said, "Go to Wall Street."

The black female driver with permed curly hair looked back: "What are you two kids doing on Wall Street?"

Chen Qin gave her a twenty-dollar tip, and the female driver stopped asking questions: "Okay, but Wall Street is big, where are you going?"

"Look at that money."

The female driver looked again and saw that the address was written on the banknote. She was a little disgusted, but she still accepted it and drove into the Manhattan traffic. Xu Lingling squeezed Chen Qin's hand hard, and the buildings outside the car window began to recede.

Wall Street.

It is known as the stock trading street in Manhattan.

Due to the financial revolution in the 80s, secondary market trading platforms were born on mature banking platforms.

In order to facilitate transactions, traders set up offices near the New York Stock Exchange, thus forming Wall Street. As a region, it had no special advantages and would not use any other means to discourage traders from other places. With the advent of the information age , even the advantage of being relatively close to the New York Stock Exchange no longer exists. The world's financial capital can compete with Wall Street, but there is still an increasing amount of wealth gathered in this area.

If there is any advantage, it is that more than one-third of the world's wealth is now concentrated in this place. For leaders, the status quo is the biggest advantage.

Some exquisite European-style stone buildings that looked very expensive gradually appeared outside the car window. They looked out of place with the newly built properties around them. When we arrived at the agreed place, we got out of the car and entered the pedestrian area. However, we still couldn’t see the legendary people carrying briefcases. , business elites in ties, but it happened to be off work time. A large number of pedestrians were wearing professional vests from unknown companies, with plastic work badges hanging on their chests, and carrying mobile phones and computers in their hands. The proportion of young people was very high. It looks like Lujiazui in more than twenty years.

However, you can also see two or three young people surrounding a bald, fat, middle-aged man with a friendly smile. He has sharp eyes and is carrying a suit in his hand. Sometimes it is a golf tube. All kinds of people. Walking through the street, speaking various languages, Xu Lingling was extremely nervous. She held Chen Qin's arm with both hands, fearing that she would get separated from him on the not crowded street.

When I entered the coffee shop, I was greeted by the noise.

Fat women and office workers wearing woolen hats laughed and talked loudly, making the place as chaotic as a wet market.

The Asian teenager who pretended to be mature wore sunglasses, and a little girl in a dress and a garland followed behind him.

When he came to the counter, Chen Qin asked: "Do you have butter latte art here?"

The barista guy wearing a black uniform but with tattoo marks on his wrist smiled heartily: "Where did you hear this?"

“It’s already very popular in coffee shops in San Francisco.”

"Sorry, this is Wall Street with bumpkins."

"Then please help us mix a few cups, add more milk and more sugar!"

"Okay, please sit down wherever you want!"

It’s a pity that I can’t sell anything that I know a lot about here.

However, only latte art coffee was enough. The two children stood in front of the counter and watched the barista connect the cream into a line in mid-air, add milk and sugar cubes at a very fast speed, and finally put a bowl of breakfast porridge into it. Such a big bowl was placed in front of them, and both children clapped their hands excitedly.

Then he returned to his seat with a full coffee cup. The coffee cup on the tray was so full that it seemed like it would overflow if he shook it casually.

The knowledge that should be increased has been gained, and the next step is to wait for others.Chen Qin put his mobile phone on the table and sat at the end of an empty table. Xu Lingling wanted to sit opposite him, but Chen Qin waved: "Come over here."

Xu Lingling took the tray again and came to him honestly: "Aqin, are the people you often chat with here?"

"Actually, I haven't been here either." Chen Qin said, taking out his cell phone and changing the SIM card for it. "It's mainly to meet a few people. Because time is tight and the stakes are high, I have to come in person."

"That……"

"You don't have to worry about the specifics. Just remember to act mature and don't talk nonsense."

As Chen Qin made a call, suddenly a mobile phone rang in the coffee shop. Chen Qin stood up and shouted: "This way!"

An East Asian man in a suit came over there with a briefcase under his arm: "Oh, is this the person Mr. Chen is talking about, right? I am Sun Haozhang from Xiangjiang Jiuyuan International."

Chen Qin shook hands with him without introducing himself. The waiter in the coffee shop was very active and quickly served him a cup of coffee. "May I ask you are……"

The man in the suit tentatively asked the two children in front of him. Chen Qin said: "My family asked me to come, and I brought the things."

As he spoke, he patted his chest and a small iron box in his pocket made a clanging noise. The man in the suit did not ask any more questions: "Okay, the actuary from Deutsche Bank said they were on the way too. I thought Mr. Chen I have to come in person."

Chen Qin nodded and asked him: "Did you bring your computer?"

The man in the suit quickly put the bag on the table: "Take it with you."

"Then just wait a moment."

As he said this, he stopped greeting people. When he looked back, Xu Lingling was already drinking coffee with a spoon. When Chen Qin looked at him, he probably remembered that he had told her to be more mature. The girl quickly put down the spoon and sat down like a lady. Chen Qin laughed when he saw her like this, and the girl poked his arm with her elbow.

Then the two of them whispered, and Mr. Sun waited in the stiff air for a moment. Facing the two children who were playing and playing, he didn't know what to say.

After all, he didn’t know much about the situation. He was an employee of an agency in Xiangjiang who had long-term cooperation with Chen Qin. Today’s foreign trade is booming, and there are a large number of agency companies in Xiangjiang pimping and assisting in communication between the two sides of the Taiwan Strait. Mr. Chen’s business is simple. Just send letters, find banks, etc. This business has clear rights and responsibilities, concise business, and it is very convenient to make money.

Today, the other party has an important contract to sign, and this is the first time for him to come to the scene for supervision.

When I arrived, I found out it was a child...

There seemed to be a vague feeling that there was something wrong, but Mr. Sun remembered that the other party seemed to have mentioned this matter in advance, so he didn't ask much.

After a while, the person who was waiting came, and a young Chinese man came in. Mr. Sun quickly stood up and welcomed him over. They shook hands. Mr. Sun introduced the other person: "These two are my employer, that... …”

When he got stuck mid-sentence, the little boy took the initiative to introduce him: "Representative."

"Yes, representative. This is Mr. Chen's representative. They carry Mr. Chen's seal. Please start right away."

The young Chinese man who arrived shook hands with the little boy again and said: "Hello, I am Xu Youtao, an actuary from Deutsche Bank. I am very happy to cooperate with you. May I ask..."

"You are 3 minutes late." The boy said simply, "Please give me the documents as soon as possible."

"Sorry, we were just..."

Before a trader next to Xu Youtao had time to introduce himself, Xu Youtao quickly took out the documents: "Please sign the informed agreement."

The boy took the document without even looking at it. He signed the crooked Chinese character 'Chen Qin' and handed it to Sun Yazhang. Xu Youtao saw that he was so straightforward and had no time to do anything else, so he quickly looked for the document in his bag: "Okay. Yes, this time I first want to confirm the terms of the low-risk bond CDS contract..."

"CDS?"

Mr. Sun seemed to know how to read the news. He seemed to have thought of something after listening to it, and quickly took out a small notebook to record it. The boy did not speak to him, but Xu Youtao explained to him: "Yes, your employer recently You want to customize some CDS insurance from us. Is that why you came here this time? Because you have never tried to buy this CDS insurance before. In order to meet the needs of your employer, we have specially customized a CDS product. "

Mr. Sun from Xiangjiang nodded repeatedly and saw that the other party took out a few more documents from his bag before he remembered the business: "Please sit down first. We may want to hear your explanation of this CDS."

Xu Youtao smiled and said no, and introduced the product to the two of them in the noisy cafe. Speaking of it, this thing is really strange - subprime mortgage-related CDS seems to be very popular recently, but CDS itself is It is a credit product that exists in many places. This time the employer seems to want to buy CDS, a bond with a high safety factor and almost no possibility of default.

As an intermediary, Mr. Sun needed to provide legal consultation for his employer. Xu Youtao handed him the document directly, but he took one look at it and became numb: "CDS of treasury bond derivatives? What is this for?"

"What it means is that it's a credit swap, and if the bonds it guarantees default, then you... I mean your employer can be compensated."

Mr. Sun was not from Wall Street, but he was not a fool. When he heard this, he felt that this thing was unreliable. He threw the document on the table and said, "No, I want to make a call. How could you buy such a thing? And the amount is so much." big?"

The boy next to him reminded him: "Use the computer."

"right."

Mr. Sun quickly opened his laptop, and Xu Youtao explained to him the principle of this CDS: "Although it has a high insurance amount, its value is only about US$1000 million..."

"Isn't 1000 million U.S. dollars too much?" Mr. Sun smiled bitterly. "To be honest, I don't understand much about this, but no matter what, this thing is too dangerous."

"That's what your employer said. In fact, no one has ever purchased this financial product before. Your employer was the first investor to ask us to package it and sell it."

Xu Youtao didn't know how to explain it. After all, this meeting was just a confirmation process. He didn't know why his employer wanted to buy this. This meeting was just to confirm whether there were any problems in the audit, the specific number of the credit spread, and then sign in person, asking him to give It's a bit over the top for your buyer to explain why he wants to buy this product.

But at this moment, the boy who was drinking coffee said: "Because this bond is a bond that Goldman Sachs repackaged and sold to Deutsche Bank. It is not entirely a national bond."

Mr. Sun glanced at him with confusion: "But what's the difference? There seems to be no problem with this bond at all. To buy such a large amount of third-party insurance..."

"Because there is an intermediary at this level of subcontracting." The boy said, and his phone vibrated, as if he had received a text message or email. He replied while continuing, "If Goldman Sachs collapses, then this bond will Breach of contract.”

"Goldman Sachs will collapse?" Mr. Sun felt a little confused. "Will Goldman Sachs collapse?"

"I don't know." After the boy replied to the text message, he put his phone on the table and picked up the coffee spoon again while explaining to him, "No one knows what will happen in the future, but we have an opposite report related to Goldman Sachs. Investing, if Goldman Sachs fails, then another bond will lose money and this bond will cover our losses.”

The boy explained to him seriously. At first, Mr. Sun was too busy to take care of himself. Then he gradually felt confused. He scratched his head and looked across the top of the screen at the pair of children opposite. Xu Youtao just glanced at the little boy opposite. Just now He preconceivedly thought that the host of this transaction was Mr. Sun, but now it seems that he made a mistake.

"Have you confirmed it? This is the credit spread we calculated based on the credit environment, this is its prospectus, and this is its draft transaction commitment letter..."

The boy invited him: "Please sit down first."

At this time, the waiter in the coffee shop moved a bench. On Wall Street, people would indeed discuss business in such a place. Xu Youtao and the traders he brought wanted to sit down and discuss slowly, but when Mr. Sun moved his computer, nothing happened. I accidentally knocked over the coffee cup next to me and saw the coffee pouring out. At this moment, the little girl next to me quickly dragged my laptop over and picked up the documents on the table.

"sorry Sorry……"

The clumsy Mr. Sun apologized quickly, and the demure girl wearing a garland, who seemed to have just come from the beach, nodded gracefully and smiled to tell him not to be nervous.

As for the boy, he didn't say anything. He asked the waiter to clean the table and gave him a tip.

Before the table was wiped, I immediately started talking about business with Xu Youtao. Today's meeting lasted only one hour, but there was a lot of business to discuss.

For example, this CDS purchased for Goldman Sachs was used as a hedging investment to protect a group of subprime mortgage-related claims that have been very popular recently. However, this business seems to have come to an end, and he needs to use the money he just earned. Immediately invest in the market and buy some financial products that others have never bought. In addition to buying CDS from Goldman Sachs, you also need to buy hedging insurance from other companies. In order to ensure that the CDS can be delivered, you can also buy CDS of existing CDS. This thing It’s called CVA…

Buying existing, packaged financial products is as simple as buying structured products in a supermarket. Since we have to meet in person, of course we have to talk about something a little more complicated. The storm of overturning the teacup passed quickly. Mr. Sun barely understood what was said after that. An hour passed quickly. After discussing some details, the boy wearing sunglasses took out a seal from the iron box in his pocket and stamped several documents. Then he asked Mr. Sun to review the legal terms according to his statement. At this time, the actuary from Deutsche Bank had already started to pack his things. He suddenly glanced at the boy opposite and asked thoughtfully: "Mr. Chen, this sounds a bit abrupt. I Can I call you that?"

Mr. Sun suddenly came to his senses. Maybe this young master is the son of his mysterious employer?
The boy finished cleaning up and said casually, of course, Xu Youtao shook hands with him, but asked: "Actually, I'm quite familiar with Teacher Ji. I was the one who introduced Teacher Ji to Boss Gu. I heard that your recent The transaction was successful, congratulations."

The boy wearing sunglasses looked stiff. He probably didn't expect that this person turned out to be an acquaintance, and said quickly: "Thank you, I'm here to make some decisions on behalf of my family."

Xu Youtao asked: "Are you still in school?"

"Yes, I go to school in China."

Practitioners in the financial industry are very good at dealing with investors who have primary school diplomas or whose financial knowledge is only at the level of a primary school student. Facing this boy who looks like a primary school student but knows a little bit more, both parties feel a little bit reluctant to let go and are too polite. After a few words, Mr. Sun was still thinking about where to treat these people to a meal without losing his identity. The girl who said very few words took out her mobile phone: "Aqin, we should go back."

"Ok."

Everyone was vaguely relieved, and it seemed that it was time to leave. However, when the five of them walked out of the coffee shop, they met someone.

The other person was very tall and as strong as an iron tower. His shiny bald head reflected the golden light in the sunset on Wall Street. When Xu Youtao saw him, he shook hands familiarly and said hello, but the bald man frowned and looked at the man following behind. two young men and women.

(End of this chapter)