Reboot 2003

Chapter 282 061: In the alley (two in one)

"Ok."

"Last year... probably the day before Kuaikan Media went public, I met Xiao Chen,"

"I signed a contract to provide insurance for some financial derivatives. The insured project is that if Goldman Sachs collapses, Deutsche Bank will pay compensation for those CDS contracts. Now those CDS contracts have been paid out, but once the payment is made, It's AIG, and secondly, the asset split plan launched by Goldman Sachs conflicts with our contract..."

Xu Youtao patted the dust on his body and honestly understood his purpose.

The matter is not that complicated. In March last year, Red Water Fund invested a large amount of CDS, and then in order to ensure that the CDS could be redeemed, it bought CDS for the CDS banker. For Red Water Fund, this was considered a hedge. It can ensure that if the CDS they insured cannot be redeemed due to the collapse of Goldman Sachs, they can get a hedging income.

However, one year has passed, and now the subprime mortgage market has completely exploded, and related financial investments have naturally come to fruition. In fact, most of the CDS in the hands of red water funds have been paid out - as 'credit swaps', CDS itself is a 'bet' that can generate income as long as the CDO defaults, but the financial market is not a casino after all. There is no process like the casino to ensure that all transactions can be completed within the framework, because the amount of these investments is too large, and the banker Default is something that will happen with a very high probability. This is true for CDS of CDOs, and of course it is also true for CDS of CDS.

The superiority of CDS was reflected at this time. When the thunderstorm was almost foreseeable, Red Water Fund had already sold its CDS to other bearish financial entities in advance according to most of the transaction procedures. The price is a little lower than waiting for redemption directly, but the risk has been passed on. Now that you are safe, you no longer have to worry about the thunderstorm caused by the collapse of Goldman Sachs.

However, the charm of hedge funds seems to appear like this - because each financial instrument has different attributes, sometimes short and long purchases can actually be enjoyed by both parties.

Although Red Water Fund has already made money from subprime mortgage CDS, it seems that it can also make money from secondary insurance as a hedge.

Recently, according to industry intelligence, Goldman Sachs seems to be really in trouble.

Although the matter has not been settled yet, Deutsche Bank is extremely busy. Xu Youtao, as the person who signed the contract, has now been sent to see Chen Qin.

Chen Qin was not surprised after hearing this. He leaned against the wall. Xu Youtao stood beside him in a somewhat embarrassed manner. The brothers gathered in a circle and stared at each other.

They actually didn't understand much, but one brother asked: "Then what are you doing here? What does this matter have to do with us?"

After all, Ah Yue is an outsider. The brothers are familiar with her, but knowing her identity, they are somewhat reluctant to let go of their identity in front of her. Xiao Chen is different.

The brothers probably had good intentions and were afraid that Xiao Chen, who had little social experience, would not be deceived by this inexplicable outsider.

Xu Youtao was helpless: "Deutsche Bank will abide by the original transaction agreement, but there were some unclear points in this contract when it was originally signed, so we would like to request an extension or an agreement replacement..."

"What do you mean?"

Chen Qin explained as if it had nothing to do with him: "Maybe they want to postpone it, or we have canceled the agreement privately."

The brothers understood: "So you still want to default on your debt?"

"It's not a repudiation. This is good for both of us." Xu Youtao wiped his sweat. "After all, according to the agreement, our insurance targets are Goldman Sachs and the CDS it insured. Now, first of all, some of the CDS have been successful. The actual compensation amount will definitely not be that high. Secondly, the description of the beneficiary object in the contract is not clear. In theory, since the Red Water Fund sold the insured CDS, the beneficiary should also become a holder of the CDS. Youfang, we can replace the invalid agreement in advance, which will also allow the Red Water Fund to reduce the default risk associated with subsequent holdings of CDS..."

"Who knows what you're talking about..."

The brother muttered, but they didn't understand it, but since the other party really came to discuss business, then it was Xiao Chen's own business.

But Xiao Chen began to think seriously after hearing this. The brother just asked: "Then when you are looking for someone to discuss business, should you go to Xiao Chen? Why don't you go to Boss Chen?"

Someone else gave Xiao Chen an idea: "Xiao Chen, why don't you call your dad?"

At this time, everyone began to have a general understanding of this matter. It was probably that the Chen family had done a big business with outsiders, and one of the people negotiating the business was Xiao Chen, so this strange and beautiful Jianhua came to Longshan City. coming.

Only Ah Yue stood on the periphery, observing the two people talking with complex eyes.

Compared to the other brothers, she probably knew who the old Chen family was. Out of curiosity, she had secretly investigated in some ways before... Of course, for a normal business entity, a lot of information originally belonged to them. Everyone can see it. If you want to know a company's assets, the company's public information and industrial and commercial registration information that everyone can inquire about can solve 80.00% of the problems.

Xiao Chen's parents opened a hot pot city in the provincial capital. The business seems to be booming recently and it is in a period of expansion. After opening last year, it occupied another floor in the same commercial building this year. It seems to be a very prosperous business. It looks like a good catering company. Although the equity of Hot Pot City is relatively dispersed, Xiao Chen's parents seem to be the original main investors. Compared with ordinary people, they are definitely big bosses who need to look up to.

But...it still depends on who you compare with.

She has also learned about the red water fund. This fund company is established overseas and is a typical transnational capital. Although transnational capital does not necessarily mean that it is very large, it is often just a rat in the gutter, just some people who want to avoid taxes or avoid certain aspects. The large commercial entities disclosed by industry and commerce are just a shell set up in the financial market.

But this 'red water fund' is indeed very famous. It only has some unflattering reputations in China, but it seems to be very famous abroad. It is often associated with the recent financial crisis, or Goldman Sachs and the Democratic Party. Meilijian's media is discussing It is harmful to the world economy. Weibo netizens are discussing whether it is Freemasonry...

From all angles, the two entities do not appear to be related.

and so……

Isn't it his family, or himself?
A Yue looked at him from behind, feeling that he was a bit strange.

After all, she just asked the question deliberately, which was actually a bit of a test.

Chen Qin simply talked to him face to face, as if he wanted to 'explain the matter clearly in person'.

Now the problem seemed to be explained clearly, but A Yue vaguely felt that things seemed a bit beyond her imagination, and even Chen Qin, who was talking to Xu Youtao, became a bit strange.

Chen Qin didn't take it seriously. He thought for a while and said to the brothers: "No, I will make my own decision on this matter."

Of course the brothers had no objection, and Chen Qin asked Xu Youtao: "Did you bring the original contract with you?"

Xu Youtao was embarrassed: "Sorry, the original contract didn't include..."

Chen Qin said dissatisfied: "Then you tell me a hammer, go back and get it!"

"I'm sorry, but I brought the electronic version, and I also brought the agreement replacement plan..."

As he spoke, he took out a piece of paper from his pocket and handed it to Chen Qin. When giving it, he hinted that it was a confidential document. The brothers reacted quickly and stepped aside wisely, and even actively drove away pedestrians.

Ah Yue gritted her teeth, pretended not to react, and stretched her head to take a look.

I only saw that this was an official document with the seal of Deutsche Bank. The content of the document was in English, and I didn't notice the focus for a while.

But the money numbers in Arabic numerals stand out.

$1,…

How many zeros are there?

A Yue felt her vest become colder and colder, and she retreated to the side. Chen Qin took a quick glance, asked Xu Youtao two questions, and then did not discuss business with him on the spot.

It's true when you think about it, after all, Xu Youtao came here for the 'Red Water Fund'.

The reason why I found this place is that in addition to Principal Lu being a related person, his evidence is easy to find. In addition, the last time he discussed business, it was Chen Qin himself who negotiated the business. But just because he discussed business does not mean that he is a red water fund. After all, Xu Youtao just said As I said, there was actually another person at the beginning.

Ah Yue was thinking this next to her, but Chen Qin skillfully took out a pen and paper: "I think it's okay, but it still needs someone from the legal department to take a look. How about this, I'll give you a call..." He said swish He scrawled a phone number and handed it to Xu Youtao. At the end, he said: "And your bank is not good. You didn't make a mistake. I gave you such an outrageous task. It's better to quit. Now is the opportunity for China." There are many..."

It's still the same old rhetoric. Xu Youtao probably didn't feel anything special. After all, he probably thought the same way - this Xiao Chen has a special status, but he himself does not necessarily represent the Red Water Fund. This time it was originally The people from Lao Ji United Galaxy Investment were doing Tai Chi with him, so he had to go to Xiao Chen, who had signed the contract, to discuss the next stage of the transaction plan.

However, A-Yue was watching from the side and couldn't help but take a deep breath of air-conditioning. Speaking of Uncle Zhou who called her last time...

"I'm really sorry today, I'll treat you all to a meal."

"You go ahead, A-Yue and I haven't finished school yet."

Xu Youtao wanted to get close to you, but Chen Qin didn't seem to want to give him face. Of course, there was nothing he could do about it. Only then did Xu Youtao think of A Yue: "I'm sorry, Miss Gu, for involving you in this matter... …”

He explained: "I don't know how you knew about that. I wanted to find someone through Principal Lu of your school. I didn't want to disturb you, but he misunderstood me and rashly provided your personal information. Then I destroyed all the information after I returned..."

A-Yue felt sympathy for him inexplicably, and wanted to tell him that she didn't mind. However, Chen Qin pulled him forcefully and walked back: "Let's go! It's four-fifty!"

Is he probably in a hurry to go back to school for the last period of self-study?

Ah Yue was vaguely relieved, but Xiao Gao asked: "Then I will send you..."

The brothers were coming fiercely, and the motorcycle stopped nearby, but Chen Qin said: "No, you can go eat, we have other things to do."

After saying that, he took Ah Yue's arm and left. At this time, Ah Yue vaguely felt something, but Chen Qin didn't ask her opinion this time. His trained hands grabbed her little arm like an iron hoop and led her along. He left quickly, waving to his brothers, but did not walk straight towards Longshan No. [-] Middle School.

He walked halfway, turned a corner, and turned into a street that was not going back to school.

A Yue swallowed and looked at the people passing by on the street. She looked curiously at the two young men and women who were wearing the uniforms of No. [-] Middle School but had left school early.

Chen Qin suddenly let go of her and said, "Wait a minute." He turned around and entered a small shop nearby.

A Yue stood outside the door and subconsciously took out her mobile phone. When she saw the text message from Song Ziyun asking about the situation here, she replied saying that everything was fine.

I saw another text message from Mr. Gu, saying that you should call me after school.

A Yue called and heard the chaos and noise on the other side of the phone. The uncle she met last time in Yanjing was laughing and chatting loudly with another person.

The old man seemed to be in a good mood: "Ayue, is school over?"

"Not yet, grandpa." A Yue asked, "Is it about acquisition?"

"The acquisition has not yet been decided, but Galaxy Software has agreed to take a stake. It is said that it plans to buy the shares as a backstop. It will buy at least 20% first and then decide based on the situation. In this way, Yahoo can withdraw cash and the people at Alibaba are also satisfied. , for our family, it is also a means to increase our control over the company, so after making the decision on the spot, no one had any objections."

Mr. Gu chuckled and continued: "This happened suddenly. Just now, your Uncle Ma insisted on asking you to come up with an idea. But after all, you still have to go to school and you are young. Anyway, my family thinks there is no harm in doing this, so just go ahead and give it a try." The matter has been settled, so we still have to talk to you..."

Mr. Gu said happily, but Ah Yue was a little confused: "In other words, Galaxy Software wants to buy our stocks?"

"Yes, this is not an ordinary merger, it is a purchase with real money. This will not affect our independence and can also support the company's stock price. Since the split last year, Kuaikan Media's stock price has been fluctuating around four dollars. , even when your Super Smash Bros. came out, it only rose to $4.2, but it quickly fell back... As soon as the news came out today, guess what? It rose to $5.5!"

A Yue felt that it didn't matter anymore, but she still wanted to know: "So how much did they spend?"

"20 billion!" the old man said. "Of course the transaction is in US dollars, and the price in US dollars is about [-] million."

A Yue asked: "How many zeros are there?"

The old man didn't pay attention, thinking that although his Ayue was capable, she probably had never seen so much money. He laughed and said: "You just know a lot. Look, although the assets here have shrunk a lot, they are willing to buy them at a premium." So the board of directors has almost no opinions. Of course, we can’t exit now, but an increase in the stock price is always a good thing!”

Ah Yue stared blankly into the distance. At this time, the phone call was finished, and Chen Qin also came out of the small shop and bought two ice creams.

He handed her one: "Here, Haagen-Dazs." Chen Qin said, "It's five yuan each. Have you eaten it?"

A Yue shook her head, she didn't like ice cream.

After opening the ice cream bag, Chen Qin pulled her into another more remote alley nearby. A Yue followed in with some guilt. Chen Qin took her arm and asked her to stand in front of a brick wall.

Then he held his unopened ice cream in one hand and put his other hand over A-Yue's shoulder, pressing the wall behind her.

A Yue swallowed and looked up at the familiar yet unfamiliar boy in front of her with some fear.

The close distance is not a problem, but Chen Qin looked at him with a helpless look on his face: "How was the question you just asked? Do you know everything you want to know?"

Ah Yue felt her heart beating a little too hard, she lowered her head guiltily and looked at the white sesame seeds on the top of the ice cream.

"Sorry……"

"It's not a bad thing to be curious at a young age, but it's very dangerous to be curious about everything." Chen Qin said seriously, "Remember not to tell anything, you know? Who did you call just now?"

A Yue felt that she was about to cry: "I didn't say it. I won't tell it. It was grandpa who told me about Galaxy Software's investment just now."

"It's fine if you don't tell me. You can't tell your classmates when you go back, you know?"

"know."

"Then go."

As he said that he was going to take her out again, A Yue didn't react for a while.Chen Qin opened the ice cream bag himself and turned around to see A Yue still standing there.

"Why are you standing there, let's go."

Ah Yue said "oh" and followed him obediently, listening to what he said——

"In fact, I don't know much about Galaxy Software, but don't you hope that your company's stock price will rise? Having capital to support it is a major benefit..."

Following that familiar yet unfamiliar figure, she felt like the world was leaving her.

I could only stick out my little tongue and lick the five-yuan ice cream. It felt cold but didn't taste much.

Just like this, she walked out of the alley and returned to the road to school. It seemed that she was returning to the scope of her past life. A Yue finally relaxed. However, she was getting closer and closer to school. It always felt like the past days were leaving her. Walking away, I can only eat the ice cream in my hand, thinking that the ice cream that costs five yuan is different.

　Unknowingly, again...hey.

　　Forget it, it will be better to add one later (
　　
　
(End of this chapter)