"Boss, here's the analysis report.
Chinese novel" Yarman walked in from the outside, handed a document to Lei Hao, and couldn't help but speak: "The federal funds rate in the United States has fallen normally, now it is 07521 will lose the entire company, no matter how risky people will not bet, Lei Hao has long been ready to meet the negotiations of Oasis Securities."
First of all, he rejected the intention outside the forward interest rate agreement, and then signed the forward agreement according to the interest rate, which can not be such a huge principal, but if it is too little, Lei Hao will still eat it in the end, no matter how small the mosquito leg is, it is meat.
"On May 1, the federal funds rate quickly rose to around 07705, 180 basis points."
Lei Hao estimated in his heart.
"The entire Oasis Securities is only worth 75 million, that is, the agreement principal of 416.6 billion will make Oasis Securities lose out."
"But it is impossible for them to sign such a large agreement principal contract, one or two hundred billion will reach the top, and it is better than nothing for me to sign some with others, and the date is too close, which is equivalent to an ultra-short-term operation, and others have a meeting, and the interest rate has begun to change."
"Also, unless it's a coincidence, who would have nothing to do with the hedging contract to do a huge amount of hedging and this is pure profit, my funds are still on Keda's platform and have not been transferred back, and when I sign the agreement, I have to find a big institution to guarantee the money."
Lei Hao was right, before lunch, Oasis Securities' latest intention came over. "100 billion agreement principal, I think this contract is okay."
Yarman, who had remained in Lei Hao's office, had his eyes lit up.
The principal amount of the 100 billion agreement seems like a lot, but you have to think about it, this is a forward interest rate agreement, and what everyone hedges is the magnitude of the change in the interest rate.
When the trading day is infinitely closer to the definite date, the range of changes between the agreement rate and the reference rate is invisibly reduced.
For example, today is a trading day, and the interest rate is 07521, which is the profit and loss of 5 million.
With the high-risk contract that Lei Hao threw out earlier, and now seeing the figure of 100 billion, Yarman actually has a kind and reassuring feeling, and he is also stunned.
"But we need to concede 10 basis points."
Lei Hao shook his head.
"Interest rates are falling, we can actually talk about it."
Leo said: "Smooth out 10 basis points, it's not difficult, give me a day, I promise to do it." ” "yes, I can do that too."
Yarman almost patted his chest and spoke.
"That's not their bottom line."
Lei Hao looked at the content of the agreement, but in his mind began to compare these data with future information, "Give them some pressure, there will be unexpected gains." ” "Don't worry, I don't use Orest's money, EI will find Keda or HSBC as a guarantee, and Orest will not be affected."
Lei Hao added. 100 billion, if the interest rate changes by 180 basis points, that is, to earn 18 million, for Oasis Securities, it is already a nerve, but not enough.
"What a madman."
Yarman complained in his heart, the profit and loss margin of millions of dollars, and he still disliked it, which was simply challenging everyone's nerves.
"By the way, is the stock clearedAccording to the settlement rules of U.S. stock T3, we can't recover the funds until the 27th," Lei Hao looked at Leo again and asked.
"Yes, it's sold, EI's D on the Keda platform is also clearing, and it's almost the 27th and 28th that can allow funds to flow into the Orest account, and then we will be an institution with a valuation of more than 200 million."
Speaking of this, Leo couldn't help but burst into laughter.
Lei Hao immediately turned his gaze to Yarman, looking at the latter's wry expression, he felt a little inexplicably happy in his heart.
You think the profit and loss range of a few million dollars is too risky, but we will have more than a billion dollars in the next few days, so Orest is not that there is no money, but that it is too rich, and it is so rich that it needs more hedging protocols and more people to work with it.
"The principal of the agreement is 300 billion, and they will agree."
Lei Hao gave a definite figure, and after a while, Oasis Securities bargained again.
"Extension of the date of confirmation is not accepted" "Settlement dates will not be postponed either" "I don't accept a half-year term, I want a 12-month, one-year term" "Tell them that I can get a third-party agency to guarantee the cash payment and that they have to pledge it with shares" Again and again refused, adjusted again and again, and quoted again and again, Lei Hao slowly gave out his bottom line. 300 billion, 180 basis points, 54 million profit and loss, if everything goes well, Oasis Securities will lose 72 shares, and then give some money to buy the entire Oasis Securities, and after merging it with Orest, the roots of EI in the U.S. market will be deeper.
Oasis Securities and Orest are bitter rivals, and even this kind of big deal did not confirm the intention in person, and when the general direction was determined, the two sides began to send people to contact.
First of all, of course, it is to find an insurance company to guarantee this agreement, and then the qualification verification of both parties, Oasis Securities is to accept the way to mortgage the shares, Lei Hao is relatively simple, he will have a lot of cash flow in the next few days, and he will pay some money to find Keda to guarantee it, and the insurance company immediately accepted it.
In a whole day, Lei Hao has seen the process of off-site agreements, accumulated some experience, and by the way, he also understood one thing: it is impossible for him to handle this kind of thing alone.
I was busy until the evening, and the agreement was signed under the guarantee of the insurance company, and after the words were written, I went through some processes tomorrow, and the forward interest rate agreement was fully established.
The trading date is April 25, and the agreed interest rate is the U.S. federal funds rate announced on April 25, after deducting the equivalent amount of 1 million, and the determination date is May 1, that is, the reference rate is the U.S. federal funds rate on May 1, and the settlement date is May 5, and the agreement principal is 300 billion.
It can be said that this agreement cannot be called a forward word anywhere except for the annual interest calculation time, and the trading day, the confirmation date, and the settlement date are almost crowded together, which is simply an over-the-counter forward interest rate futures agreement "I finally signed an agreement with them, although I was a little tired, but the feeling of the white wolf with empty gloves was still quite good."
Looking at the various terms of the contract, Lei Hao breathed a sigh of relief and was a little imaginative.
If you come to a few Oasis Securities stupid hats every day, maybe you will soon become the richest man in the world
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