After Chu Yue converted his money into yen, he would first buy the bull stock index futures.
Ten times the over-the-counter allocation meant that if Chu Yue bought 100 million yen stock index futures, Mitsui Bank could provide an additional one billion yen for Chu Yue to use.
Of course, this was leverage.
Whether it was making money or losing money, it was magnified tenfold.
If the market rose by 10%, Chu Yue's capital would double. If the market fell by 10%, Chu Yue would lose everything.
His money was just the deposit.
Chu Yue did not plan to use the full ten times leverage, but he could still use the lower leverage.
For example, with Chu Yue's amount of funds, it was very difficult and risky to find off-the-counter capital allocation and leverage without using bank relations.
It would be great if Mitsui Bank was willing to provide this financial service.
"Sure." Chu Yue nodded.
He looked at Murata Suke and Kaoru Mishima.
"Do your two families have follow-up services?”Chu Yue asked.
Murata Suke and Kaoru Mishima lowered their heads.
If they worked hard, it was not like they could not get such support from the bank.
However, bureaucracy killed people. They needed time and could not guarantee that they would be able to do it.
This kind of business and financial promise was promised but could not be fulfilled. That would be a big problem.
It was not to the extent of committing hara-kiri, but he might be fired. At best, he would be sent to collect debts or even clean toilets.
They didn't dare to make a promise.
Seeing this, Chu Yue said,""The two of you can go back now.”
Kazuko Koshimi's face lit up with excitement.
She looked at Murata Suke and the other man and revealed a victorious smile.
"Thinking ahead is indeed the right thing to do! I knew that this Mr. Chu must have applied for authorization from the bank in advance!”
"Now, I have proven that I was right!”
Kazuko felt a tinge of pride.
"Miss Conquer Water, let's start discussing the details.”Chu Yue said.
That
night, Chu Yue and Yue Shui and Zi discussed the details.
He signed an agreement with Mitsui Bank to exchange US dollars for Japanese yen.
The exchange process, the account number, and the additional conditions were written down.
Chu Yue found a reputable lawyer and signed the agreement after confirming that there were no legal traps.
Chu Yue's 59 million USD was converted into 14,366,500,000 yen at a ratio of 1:243.5.
The funds were transferred and exchanged the next day.
Chu Yue and Mitsui Bank also signed a supplementary agreement.
The content was that if Chu Yue needed it, Mitsui Bank was obliged to provide ten times the off-the-counter capital allocation.
Of course, Mitsui Bank did not take out the money themselves.
However, Mitsui Bank had the channels and strength to get the money from the large domestic insurance companies.
Large insurance companies have low money, low costs, and even low costs, looking everywhere for opportunities to gain profits.
If Chu Yue was willing to allocate capital, the insurance companies in the country would be very willing to take out money to increase his leverage.
When Chu Yue learned that the capital allocation partner that Mitsui Bank had found was a large insurance company, he revealed a slight and mysterious smile.
In an instant, he thought of the greedy merchant who sold the noose that strangled him to death.
…The
next day.
Kazuko Koshimi led an eleven-person Mitsui Bank team to serve Chu Yue alone and assist him in the transfer.
The next day, Chu Yue's fifty-nine million USD was transferred to Mitsui Bank through the bank.
At the same time, Chu Yue received 14,366,500,000 yen.
In addition, Chu Yue had taken a small portion of the loan from Mitsui Bank, and he had amassed a total of 14.4 billion yen.
As the person in charge of this project, Kazuko was in high spirits.
In the future, when Chu Yue was in the notebook, Koshimizu Kazuko and her team would become dedicated members to serve Chu Yue alone.
After Chu Yue signed the contract and transferred the money to his Japanese yen capital account, he made his first request in the VIP conference room of Mitsui Bank.
She introduced him to a reputable stock and stock broker company.
"The company you requested must have a long history, a good reputation, and the qualifications to trade the Nikki stock index futures. The person in charge must also be trustworthy.”
"After such a screening, the one who fits the criteria the most is Nomura, and the manager I recommend is Director Teru Takenaka.”
Kazuko said.
Chu Yue nodded slightly.
Nomura was a company with many years of reputation.
Nomura, Yamato, Nikko, and Yamaichi were the four largest stock companies in 1989.
"Ask him to come see me." Chu Yue said.
"Yes, I am! I'll contact Director Takenaka immediately!" Kazuko said obediently.
She immediately went to the phone to communicate.
An hour later.
Chu Yue met Akira Takenaka in the VIP conference room of Mitsui Bank.
Teru Takenaka was a middle-aged man who looked very decent. He was about forty-four or forty-five years old and in his prime. He was not tall, but he was extremely muscular. His face could be considered to have thick eyebrows and big eyes. He looked like a dignified and upright person.
After the conversation, Chu Yue felt that this person looked alright and was quite satisfied.
Hence, he signed a cooperation agreement with Zhu Hui.
Through the management company, Chu Yue opened his positions in batches and began to buy 14.4 billion yen in stock index futures on a large scale the next day.
Chu Yue had a good memory.
He could recall that in 1989, since late September, there had never been a decline of more than 6.5%.
He was very relieved and decided to use five times the off-market capital allocation leverage. This way, he could maximize his profits and avoid the risk of occasional falls.
Mitsui Bank would fulfill its promise and provide financial leverage support from the insurance company.
Five times the leverage.
Off-site funding.
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