Chapter 862 The King of Wall Street (2)

   This scene happened to fall into the eyes of the doorman who opened the door for Zhong Shi. The corners of his eyes twitched twice quickly, and he looked away as if nothing had happened.

   "Rich people really know how to play!" He sighed silently in his heart.

   "What are you going to do?"

Ivana's tender body was visibly shaken, and she subconsciously planned to use an over-the-shoulder throw to bring down the bell stone, but the next moment she realized that this place was not suitable, she turned around without showing any signs, Getting rid of Zhong Shi's salty hands, "I warn you, don't mess around!"

   "I didn't mess around, aren't you my 'girlfriend'?"

Looking at Ivana's cold eyes, Zhong Shi felt an evil pleasure in his heart, and the feeling of being overwhelmed by the other party disappeared in an instant, "Since it's an act, at least we have to do enough, don't we?" ?”

"yes?"

Ivana smiled like a flower, but her tone was extremely cold, "Do you know that there is a lower limb joint in the human arm? If that joint falls off, it will not cause much harm to the body, but it is very painful. I don't think you have tried lower limb joints. The joint is out of joint, want to try it?"

   When she said this, she was already gnashing her teeth a little bit, and it was obvious that Zhong Shi's behavior made her very annoyed.

   "I don't want to try!"

  Zhong Shi stuck out his tongue and said proudly, "Okay, the time is almost up, let's hurry in!"

   After saying that, he bent his arm again, but this time, no matter what, Ivana didn't dare to take his arm.

   "Mr. Zhongshi?"

  When Zhong Shi appeared at the reception, a middle-aged Caucasian man in his fifties greeted him immediately, and said in surprise, "Is it really you?"

   "Is there anyone else?"

  Zhong Shi shrugged and said humorously, "Jamie, I didn't expect you to attend the strategy meeting here?"

  Jamie Thompson, managing director of JP Morgan Investment Banking Department, in charge of European business, has dealt with Zhongshi several times in New York. Since the acquisition of Bear Stearns, the strength of JP Morgan's investment banking department has grown by leaps and bounds, and it soon became one of the top investment banks. This time at the European Annual Strategy Meeting, they confidently extended invitations to their VIP institutions, including Tianyu Fund.

But what Jamie Thompson did not expect was that Zhong Shi, who has always been elusive, could attend this kind of strategy meeting. You must know that Tianyu Fund's judgment on the market is much stronger than Morgan's, and all this is due to Zhong Shi's head. superior. This is like originally just wanting to invite a **** to come down to earth, but the one who doesn't want to invite is the Jade Emperor.

   "Duty is here!"

  Jamie Thompson shook hands with Zhong Shi respectfully, turned to look at Ivana, and asked, "Who is this beautiful lady? Why don't you introduce me?"

   "Ivana, my girlfriend!"

  Zhong Shi laughed, pointed to Jamie Thompson and introduced to the other party, "This is the managing director of JP Morgan, Jamie Thompson."

   "You don't need to attend this boring strategy meeting anymore, I'll send you all their views later!"

After shaking hands with Ivana politely, Jamie Thompson said to Zhong Shi in a low voice, "You won't notice those analysts, and I find them very boring. Why don't we go into the inner room and talk a little bit?" Something more real."

"yes?"

  Zhong Shi wasn't surprised at all, just shrugged slightly, and said, "Well, I happen to have something to bother you."

   "You, stay outside!"

  After the two parties agreed, Zhong Shi turned around and told Ivana, "Stay here and enjoy the wine and food here. These are good things, don't waste them."

   After finishing speaking, Zhong Shi didn't forget to wink at her.

   "Want to get rid of me, honey?"

To Zhong Shi's surprise, Ivana didn't show too much resistance, instead she took the initiative to put her arms around Zhong Shi and said softly, "Okay, honey, I won't let down such a good night. "

  No one noticed that at the moment Ivana hugged Zhong Shi, a delicate tape recorder got into Zhong Shi's pocket.

  Although he found it strange, Zhong Shi felt relieved to be able to get rid of this wicked woman, and immediately followed Jamie Thompson to the inner room without thinking about it.

   "I want to buy some CDS to hedge my risk in the bond market!"

In a quiet small office, Zhong Shi couldn’t wait to say after sitting down, “Currently, whether it’s Europe or the United States, the bond market is full of huge risks, so I must protect the exposure to these direct risks. "

Because CDS, CDO and other derivatives are products in the over-the-counter market and are not subject to the supervision of the authorities, if an institution wants to buy these products, it must find those large investment banks, such as Goodman, Stanley, etc. companies, such as the current JP Morgan.

   "Mr. Zhong thinks the bond market is dangerous?"

  Jamie Thompson did not immediately answer Zhong Shi's question, but instead asked, "Why do you think so?"

   "Isn't that obvious?"

Zhong Shi shrugged, seemingly unaware of the other party's temptation, and replied frankly, "The debt crisis in Europe has entered a new stage. Although it seems that the market is showing signs of calming down, Italy, The economic problems of Spain and other countries have not been substantially improved, so the possibility of another debt crisis in Europe in the future is very high.”

"However, unlike Greece, Ireland and other countries, Spain, Italy and other countries occupy a considerable economic share in the euro area. Once the debt rating is lowered, the local banks that hold the largest share of their national debt will suffer. disaster."

"You and I know that under the chain reaction, the cash situation of companies in these countries will face huge pressure, and their bonds will bear the impact from the capital market earlier than stocks. Not only their companies, but also France, Germany and even American companies will also face a massive panic in the bond market. So in this case, I have to make some preparations in advance.”

   "Then may I take the liberty to ask, how big is Tianyu Fund's direct risk exposure?"

Hearing Zhong Shi's words, Jamie Thompson's eyes flashed, and he rubbed his hands and asked anxiously, "As for CDS, of course we can provide it to you, but if the exposure is too large, we may need a little time Come and raise!"

  He seemed to be answering Zhong Shi's request, but in fact he was hiding evil intentions and secretly inquiring about Zhong Shi's holdings.

Zhong Shi still seemed unaware of the bad intentions of the other party, and still said to himself: "We hold about 50 billion US dollars in bond positions, and the direct risk exposure is about 15 billion US dollars. If we protect all these exposures Up to now, I estimate that at least $10 billion worth of CDS will be needed.”

"so much?"

  Jamie Thompson was taken aback. After pondering for a while, he said solemnly, "Mr. Zhong, please wait a moment. I can't make the decision for the time being, but I can find someone who can make the decision to talk to you."

"As you wish!"

  Zhong Shi nodded disapprovingly.

Soon, a handsome young man with blond hair walked in, and stretched out his arms towards Zhong Shi from a distance, "Welcome, Mr. Zhong Shi, I am Bruno Ixil, chief investment officer The trader in the office is responsible for derivatives transactions."

   "What? Chief Investment Office?"

  Zhong Shi stood up, shook hands with the other party lightly, and then asked inexplicably, "What kind of institution is this, I don't seem to have heard of it before."

   "It's normal if you haven't heard of it!"

Bruno Ixil shrugged disapprovingly, "We are just an office with three people. The main responsibility is to deal with some risk exposures. The headquarters is here, trading in the over-the-counter market, and few people in the market can pay attention to it. People who came to us, not from our company, may have never heard of such a department at all."

"Is such that!"

  Zhong Shi nodded, his eyes on the other party changed immediately, and he said solemnly, "Nice to meet you, Mr. Iksir."

Sensing the difference in Zhong Shi's attitude towards him, Ixil immediately felt worthy of the name. He just said a few words in general, and the other party immediately realized his specialness and importance, and then treated him seriously. Own.

  At the same time, he was also secretly startled, and reminded himself not to talk nonsense, it would be bad if such a shrewd opponent noticed something.

  Zhong Shi’s judgment is very simple. A department with only three people can handle the risk exposure of the entire JP Morgan, so this department must be composed of the elite among the elite. Just because of this professionalism, Zhong Shi should take it seriously.

  His guess is not wrong, this department is indeed composed of the top derivatives traders of JP Morgan. A team of only three, in addition to protecting JP Morgan's hundreds of billions of dollars in bonds, also earns hundreds of millions of dollars in profits for JP Morgan every year through transactions in the derivatives market.

  The Bruno in front of me lives in Paris on weekdays. He flies to London every morning for work, and then flies back to Paris to rest after get off work. The commute to and from get off work was extravagant, and the plane was paid for by JP Morgan, but it was nothing compared to what he was worth.

  Of course, no matter how good this Bruno Ixil is, he cannot be compared with Zhong Shi, so he has to behave respectfully in front of Zhong Shi.

   "I don't know which bond CDS Mr. Zhong Shi wants to buy?"

  Bruno Ixil cautiously probed, "I'm not probing your position, but based on the exposure you said, I need to know the type of bonds you hold, and at the same time, I can match them for you in the market."

  He obviously already knew the quantity that Zhong Shi wanted to buy, but he didn't say a single difficult word, and he was obviously very confident in accepting Zhong Shi's deal.

   “Apple, Microsoft, AIG, Lockheed Martin, Exmobil, Chevrolet, Berkshire Hathaway…”

Zhong Shi blurted out, and a large list of top American companies came out of his mouth continuously. After a long while, he explained, "Sorry, I bought the debts of high-quality companies. I originally planned to spread the risk, but I didn't think there was a problem with the recovery of the U.S. economy, and now you have to risk manage the exposure of these companies."

   "Hey guy, it's basically good enough to be on CDX's roster list!"

Bruno Ikhil had an exaggerated expression on his face, "They are all super companies. I think your investment distribution is very reasonable. Buying CDS for protection is also a good move. If it were me, I would do the same of."

   "What is CDX?"

  Zhong Shi accepted the other party's compliment frankly, but the next moment he asked a sentence that surprised the other party.

   "You don't know CDX?"

At this moment, Bruno Ixil wanted to blurt out a question, but he soon realized that if he did so, it would be a very impolite behavior, so he immediately stopped the words that came to his lips, and replaced them with Explain, "In fact, CDX is the index of CDS."

  “CDX is actually an abbreviation of MarkitCDX.NA.IG.”

  He explained patiently, "The full name is CDS, a North American investment-grade rating company. CDX is what our traders often say. To put it bluntly, it is an index."

   Thanks to the book friends for drawing a knife and breaking the oil, and Xie Peihan for voting for the monthly ticket! Write as much as you can understand. You can't make everyone wait too long, and you have to continue to study slowly. I hope everyone can vote for the author because it is not easy~ Thank you very much~

  

  

  (end of this chapter)