Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 118: Wells Fargo's Margin Fundamentals

Speaking of the forex market.

In the afternoon.

A guest was welcomed in the office of the chairman of Oasis Investment.

“This place is very nice!”

John Mellon smiled and praised after admiring Abel's office for a while.

Abel shrugged: "Welcome to you, John."

The person who came was John Mellon, Abel's senior VIP private account manager at Wells Fargo.

I once had several other billionaires who had happily lived with him in the sea yacht.

John Mellon's arrival was not what he wanted to visit.

But Abel offered an invitation.

"Mr. Seifrosa," John Mellon said with a smile, "You invite me. There must be something. Oh, by the way. How was the house last time? Are you satisfied with it? I have visited that house, it is very good. It's just too expensive."

He is talking about No. 67, Beverly Hills Park Community. The house has been almost done, and we will just sign the contract in two days.

The high-end real estate Anne, who had a five-game relationship with Abel, successfully reduced the price a lot.

She killed the house that originally offered a price of 165 million US dollars to 120 million US dollars. However, Abel was not surprised.

The houses in the Beverly Park community are indeed very valuable. But 165 million is an exaggeration. Even 120 million US dollars is a high price.

"Yes. $120 million. It's really expensive," said Abel.

John Mellon exclaimed: "A big house like this. Only a newcomer like you, Mr. Sefrosa, can afford to live in. But then again, when will you move in, Mr. Sefrosa?"

“When you move in, we can become neighbors.”

Abel was surprised: "Neighbor? Do you live there too?"

John Mellon nodded.

"My uncle has a house there. But he has been living in New York. No one lives in the house here. I will live in it for the time being."

"Of course," he said, "the house is not that big. It's only more than three acres in total."

"Haha..." Abel pulled the corner of his mouth.

It is not surprising that John Mellon can live in the Beverly Park community. No matter which country it is, if you can get an executive in the banking industry, your income and treatment are not low.

This is especially true in the United States. The large consortiums and families that have been passed down for a long time. Their main foundation is actually major private banks.

"I won't talk about it anymore. Mr. John, I'm asking you today. I want to ask Wells Fargo through you. With my current qualifications, if you trade foreign exchange through your bank, how many leverage multiples can you provide me?"

"In addition to foreign exchange speculation, if I need a loan, what do I need to mortgage and how much loan can I get."

After listening to Abel's words, John Mellon had no unexpected expression on his face.

After all, he is a senior VIP private service manager at Wells Fargo. Inviting him in a serious matter, what else can I do besides discussing business with Wells Fargo?

He pondered for a moment.

"Mr. Seifrosa. How much margin are you willing to provide? I mean foreign exchange margin."

"All." Abel said, "I mean all. My $1 billion deposit at Wells Fargo can be used as foreign exchange margin."

"If that's the case."

John said: "With your qualifications and my rights, Wells Fargo can provide you with a maximum leverage ratio of no more than ten times! The upper limit is 10 billion US dollars. If it is a loan..."

He smiled: "Wells Fargo is willing to accept mortgages from all real estate, automobiles and company shares in your name! The loans that can be provided will not exceed 30% of the market value of the mortgaged property, and the maximum will not exceed 60%!"

John reported two numbers. One is that he could provide him with ten times the leverage multiple in the foreign exchange market.

Abel's deposits at Wells Fargo are a little more than 1 billion US dollars. A ten-fold leverage multiple is 10 billion.

The leverage multiple is ten times. However, it has an upper limit, with only 10 billion capital.

For loans, if they are 30% to 60% of the mortgage value.

There are actually not many assets under Abel's name. Apart from a few cars, there are only a few companies. There are basically no real estate or something. No. 67 in Beverly Park Community has not been bought yet.

Cars are not worth much money. If it is a company, [Orange Red Safety] is not worth much money either.

The only valuable ones are Oasis Investment and Blue Star Future. But in fact, Oasis Investment is only valuable because Blue Star’s future is valuable. In this way, it is actually just Blue Star’s future valuable.

Blue Star is currently valued at US$21.1 billion in the future. But this is just a valuation, and the valuation has always been inflated before it is listed.

With the bank's pissiness of 21.1 billion yuan, it would be good if Blue Star in the future can be discounted by half.

And after this half, the loans that can be obtained should be around 3 billion to 6 billion US dollars.

John Mellon smiled and said, "Mr. Seifrosa, are you going to make any big moves recently? As far as I know, you are a super genius who is in the forex market! Do you want to have a big deal in the forex market?"

Abel smiled and said nothing.

John Mellon knew that his main income was obtained from the forex market, and that was not a great thing.

His own capital turnover has been among Wells Fargo, Bank of Mellon, and Citibank among the three major banks in Los Angeles.

The flow of funds and flows is easy to find. It is easy to find if you want to check it.

Abel pondered for a moment.

"The loan matter is not needed for the time being," he said. "But I want to get the leverage multiples in the foreign exchange market now. How long will it take?"

"The slowest thing to get it tomorrow morning!" said John Mellon.

"A billion margin, your leverage multiple is ten times, that is 10 billion US dollars! As long as you sign a series of contracts, you can use our Wells Fargo's 10 billion US dollars!"

John said: "Of course. This fund will be regulated by us and can only be used in the foreign exchange market. However, if you have other needs, such as acquiring a company or something, with your qualifications, we will also provide corresponding multiples."

Abel nodded.

He said, "What are you waiting for? John. What I want is the faster the better, and it's best to get it tonight!"

"No problem. I'll do it now!"

John Mellon said with certainty.
Chapter completed!
Prev Index    Favorite Next