The Son of Finance of the Great Age

  Chapter 883 Currency Swaps

   "Shine my leather shoes, thank you!"

  Jiang Shan sat in front of the shoeshine stand with a briefcase in his hand, sat down with a long sigh, loosened the tie around his neck, and said weakly to the shoe boy, "Remember, wipe it clean."

  Here is the streets of the City of London, full of people in formal attire, ties, and combed hair back. Needless to say, people who dress like this usually work in financial institutions, commonly known as bankers.

  Jiang Shan is also dressed like this. Although the leather shoes are almost spotless, because the color is not bright enough, he decided to wipe it again.

   "The weather is fine today, sir."

The shoe boy skillfully oiled and waxed the leather shoes, and started to move quickly. At the same time, he did not idle, trying to chat with Jiang Shan, "In this weather, your work should be quite pleasant ?”

   "It's so fun to go, I'm almost bored to death!"

  Jiangshan cursed loudly, "Thank the Lord for such good weather, but it would be great if my luck was as good as the weather. Unfortunately, I haven't had such good luck until now."

   "Another bad day!"

   He kept muttering in his mouth.

"what's going on?"

The shoe boy obviously didn't intend to end the conversation, and continued to ask, "Sir, isn't your industry recovering quickly? I mean, since the financial crisis, come here to wipe your shoes." The number of people wearing shoes has obviously increased, and the tips are quite considerable.”

"you know?"

  Jiang Shan looked at this little guy with admiration, "You're right, although the entire industry is recovering, it doesn't mean that individuals will get better. But young man, you are very knowledgeable!"

   "Of course!"

The little shoe boy was a little proud of being praised, and said proudly, "Although I don't know what you all do, but I know that if the market is good, people like you are very willing to come to shine shoes, although you The leather shoes don’t look dirty at all. In addition, if the market is not good, many people will ask me what my colleagues have said during the shoe shine.”

   "I really didn't see it, you are still a little broker!"

  For the talkative shoe boy, Jiang Shan shook his head helplessly, but at the next moment he had an idea and asked deliberately, "So, have you heard of currency swaps? Or do you know any traders who are in this industry?"

  The so-called currency swap, also known as currency swap, refers to the currency exchange between two debts and interest denominated in different currencies with the same amount, the same term, and the same interest rate calculation method. Simply put, it is the exchange of debts between different currencies, including currencies.

  For example, Company A has a 5-year debt of USD 20 million, and Company B has a 5-year debt of 140 million RMB. The area where company A is located generally uses RMB for payment, while the area where company B is located uses US dollars. Then there is room for debt swap between the two companies. If it is done properly, the debts between the two are swapped at an instant exchange rate, and then they are exchanged at the agreed exchange rate when the debts mature. for currency swaps.

   Not only is there room for currency swaps between enterprises, but also the possibility of currency swaps between central banks, because it is necessary to meet the needs of domestic export companies. On a global scale, the total scale of currency swaps has reached tens of trillions of dollars, which is a very large market.

   "Hey buddy, are you going to do a currency swap?"

  At this moment, another young white man sitting next to Jiang Shan turned his head and said to Jiang Shan with a smile on his face, "This kid doesn't necessarily know what currency swap is!"

  The little shoe boy gave up and glared at the other party angrily, but he didn't dare to say anything, so he could only keep his head down and continue to polish his shoes.

  Exquisite suits, well-groomed hair, shiny leather shoes, and a briefcase that never leaves the body, all these constitute the standard dress of the Financial City. Jiang Shan stared at the other party for a while, then suddenly withdrew his gaze, and replied with a sneer, "Dude, you probably heard it wrong, I didn't say anything about currency swaps."

"yes?"

  The other party smiled disapprovingly, stretched out his hand readily, and introduced himself, "I'm Tom Radford, a banker from Barclays Bank. Nice to meet you."

   "I am Jiangshan, from the Far East!"

  Jiang Shan shook hands with the other party very cautiously, didn't say much, and didn't introduce where he worked, as if he had no interest in contacting the other party at all.

   But the more this happened, the more Tom Radford thought there was something wrong with the other party. Because on normal occasions, polite greetings between the two parties are inevitable. After all, everyone is living in a relatively narrow circle, so it is necessary to leave some good karma. But now the other party not only did not do so, but also faintly showed a state of vigilance, which made Tom Radford's heart twitch.

"this is my name card!"

After being interested all of a sudden, Tom Radford did not give up asking because of the cold attitude of the other party. He took out his business card and handed it to Jiang Shan, saying enthusiastically, "I work at Barclays Bank. The main content is to do Interest rate arbitrage, and of course currency swap work. If you are interested, you can call me anytime!"

   "I'm not doing currency swaps..."

  Jiang Shan once again denied his actions, but his voice was as weak as a mosquito, barely audible. More importantly, he stared at the other party's business card for a long time, almost engraving every word in his heart.

   Such a gesture fell in the eyes of Tom Radford, and it strengthened the other party's determination to do currency swaps. Just at this time, his leather shoes were almost polished, and immediately he stood up happily, took out a ten pound note and handed it to the shoe boy in Jiangshan, and said generously: "Man, this time it's mine. When you are free, let's discuss cooperation matters, remember to call me."

   Without waiting for Jiang Shan to refuse, he made a gesture to make a phone call, and walked away.

  He understands the truth that haste makes waste, so he didn't immediately force Jiang Shan to express his position immediately, but only left his contact information. He believes that the other party will call him at some point, which is the psychology of sales.

   "What a generous fellow!"

  The shoe boy looked at the banknotes in his hand enviously, swallowed hard, and handed the banknotes to Jiang Shan reluctantly, saying: "Sir, I don't need so many banknotes, one pound is enough for me."

  He was not too greedy, knowing that the money was not really given to him.

   "Take it!"

  Jiang Shan shook his head indifferently, and pushed back the money, "He gave it to you, so you can keep it."

  Of course, he wouldn't take this little money seriously, but for the little shoe shiner, it was a lot of money, so he naturally wouldn't grudge this favor.

The little shoe boy happily put the money into his pocket, and then asked puzzledly: "Sir, what you said just now is not about currency exchange? Why did you say that you were not looking for this when that guy reported his family name?" What about people?"

  For the little ones, they still don't quite understand the truth that there is no free pie in the sky.

   "Hey, young man, do you think I should agree?"

Jiang Shan sneered twice, and replied with a little disdain, "I don't know him very well, how can I agree easily? Besides, this matter is not suitable for more people to know, I still need to investigate this guy carefully inspection."

   "..."

  The little shoe boy scratched his head half-understood, then continued to polish the leather shoes vigorously.

  …

   "It has successfully attracted the other party's attention!"

In the presidential suite of the Mayfair Hotel, Jiang Shan respectfully reported to Zhongshihui, "Wandering around the Financial City for the past few days, I sure enough came into contact with a currency swap trader who offered me a business card. "

   While talking, he took out his business card from his pocket and read carefully: "Tom Radford, senior trader at Barclays Bank, deputy director of currency swaps."

   "Are you sure it's from that club?"

   While smoking a cigarette leisurely, Zhong Shi looked at Buckingham Palace in the distance, and asked seemingly casually, "If it is, then the whole thing will be much easier."

   "It's not sure yet."

Jiang Shan pondered for a moment, and finally gave a vague answer, "But since we are doing related transactions in the Financial City, we must know some of the inside story. The quotation given by Barclays Bank is a bit problematic, so their transaction is not ruled out." The clerk knows what's going on. I think this guy can make contact!"

"it is good!"

Zhong Shi nodded, "Since this is the case, then you don't bother to get in touch. I really didn't expect that they would have a similar club to manipulate LIBOR. I just don't know if these actions are their personal actions or the bank's top management. Instigated. If the whole thing breaks out, it will definitely shock the entire financial market.”

   "Haven't you thought about how it will end then?"

Ivana, who was sitting on the sofa, couldn't help asking, "In this way, some big banks in Europe and the United States will be involved. It will definitely become a big news in the entire Western world, and the government will be troubled by it." No end. Even our prime minister probably has to pay attention to such things, right?"

   "That's why I brought you here!"

Zhong Shi said without hesitation, "Let the government have a psychological preparation first, and then beat the big conglomerates at the right time. You and I are very clear that these big conglomerates will inevitably be involved in the European debt crisis. Just imagine, now Who are the biggest holders of the national bonds sold in the market? I think your prime minister would be happy to see the European consortium being beaten up, right?"

   "But if it harms the interests of the European consortium, I don't think the Prime Minister will let it go?"

  Ivana said unconvinced, "If European capital interests are hit too hard, it will basically help the United States. In any case, the Prime Minister and other leaders are unwilling to see a similar situation happen."

   "Don't worry, they certainly have ways to protect themselves!"

Regarding Ivana's statement, Zhong Shi sneered disdainfully, "The London Whale incident has now entered the stage of criminal investigation. Have you seen that even a high-level JP Morgan has been involved? Let me tell you, these things They are all well aware that even though it violates the rules, as long as it is beneficial to them, they will tacitly acquiesce. If something happens, the specific executor will be pushed out to be punished. The whole world follows this rule! "

  London Whale, that is, Bruno Ixil. After the whole incident came to light, he was given such a title by the market. On the bright side, Ikhil's position was exposed, and he was besieged by hedge funds, which eventually led to huge losses. But the actual truth will never be exposed.

   "Also, the latest wiretapping equipment or recording equipment used by your agents, get a set for Jiangshan!"

  Zhong Shi ordered Ivana, "In addition, your manpower must be ready at any time to prevent him from getting into a dangerous situation. My people are working for you, and there must be no mistakes, you know?"

  His last sentence was so harsh that there was no room for negotiation.

   Thanks to book friends Bie Yang Fei Yang, Chef Hu, Prosperity Like a Dream, Du Du's Father, Book Friends 160521182813963, Shamao Reading Novels, Feet by the River, Liu Yingjie, Man Qiang Chun Se Palace and Qiang Liu for voting monthly tickets! Thank you book friends for your reward, my youth is not a dream, gengsu! I'm sorry that I've been stumped again these two days. I haven't figured it out for a long time, and it's not easy to post irrelevant content during the recommendation period. I hope everyone will forgive me... The author will continue to work hard~

  (end of this chapter)