Chapter 1787 This is trust
A unique signing event is underway in a five-star hotel in Atlanta.
This is the signing site of the CDS contract between Meifang Company and Pisart Company. Here, Zhou Ming constantly explains to McLen about the CDS contract.
"Simply put, this CDS contract is to guarantee the loans of those homeless people, but don't worry about this risk at all, and you won't really pay for it. As long as you know that after signing this contract, the U.S. real estate company will pay you $500,000 every year, and the contract term is twenty years, which means that you can get $10 million if you don't do anything in these twenty years."
"And if you think the collection period is too long, you can sell the CDS contract to others at a suitable price, for example, the premium of tens of millions of dollars, you can sell it for three to five million. Although it is much less than before, fortunately, you don't have to wait for a one-time payment."
"And this batch of CDS contracts is just the beginning and the first batch. In the future, as the subprime mortgage projects of Meifang Company continue to promote, the number of CDS contracts you can get will only increase. Maybe you can even get tens of millions of dollars in income every day without doing anything in Oklama City."
"Same, you can still sell the CDS contract after that, so you can earn hundreds of millions of dollars in income without doing anything!"
"Of course, I also know that Pissart is essentially a new energy company. Although the law does not limit the company's business scope, such a cross-industry approach can easily attract the attention of taxation and other law enforcement departments, and may also distract the company's original energy."
"I have also thought about this for you. We can set up an independent department in Pisat to be responsible for financial business. That's all. Anyway, as the company's corporate bonds become larger and larger, we need such an independent department sooner or later."
Listening to Zhou Ming's constant explanation to McLaren, Franklin and other executives of the beauty room were stunned.
They have all seen the world, but they have never seen this scene before.
Hello! Now we are talking about a big business worth tens of millions. Can you be more serious?
When others talk about projects, they prepare several months or even years in advance. They can stack up all kinds of research and information. As a result, when it comes to you, you are now telling him what a CDS contract is. What is going on with this CDS contract? No content is prepared in advance.
Are you sure this is really OK? No normal people will agree.
Can result...
McClen nodded without hesitation: "No problem, Mr. Zhou Ming, you don't need to explain. You said that you are doing CDS contracts, this is the development direction of Pisart!"
Clam?
If Zhou Ming's explanation before was just a joke, then now McClane nodded so directly would completely stunned them.
If Franklin and the others had not seen McLaren's photo in the newspaper before, they really doubted whether this was an actor Zhou Ming found. Otherwise, any company boss with a normal mind would not have been so hasty in running a project, especially if it was tens of millions and hundreds of millions of dollars in the future.
As a result, McClass is full of confidence, but Franklin is timid again. He asked McClass: "Sir, you are sure you really understand the content and risks of the CDS contract.
Is it? If the homeless people in the camp cannot afford to pay the mortgage, you will need to help them pay it back!"
McClane waved his hand impatiently: "Of course I understand. Didn't Mr. Zhou Ming explain it to me just now? You don't need to explain it again!"
McClane also said: "And Mr. Zhou Ming has also said that there is no risk in this CDS contract, so there is definitely no risk!"
"Mr. Zhou Ming also said that I didn't have to hold the CDS contract in my hand. I would sell it if I found a suitable opportunity. What other risks can I have?"
Seeing that Franklin and others were still hesitant, McClell was very unhappy: "Do you guys are so tangled and procrastinating in your work? Mr. Zhou Ming has already said that I will follow this CDS contract, and my Pissart company can completely afford the liquidated damages."
"The opportunity is not waiting for anyone. To be honest, if I were like Mr. Franklin, I'm afraid my Pissart company is still a fraud company in Okrama City!"
Franklin and other executives of other companies were criticized by McClellon, and their expressions on their faces were very bad.
But what McClass said makes sense, especially because McClassor trusts Zhou Ming, he allowed Pissart to create a miracle of rapid rise. This opportunity is fleeting.
This is the difference between entrepreneurs like McLaren and Franklin. As an entrepreneur, McLaren needs to seize every opportunity to rise rapidly. On the contrary, if Franklin controls a large company, everything must start safely.
There is no right or wrong way of dealing with things, but McClane and Franklin are in different positions and their starting points are different.
"President, I think whether Mr. McClass really believes or does not have enough business intelligence, it will at least not harm us. After all, Pissart's at least the funds on the books are enough to pay full compensation."
A vice president whispered to Franklin that after weighing the pros and cons, Franklin quickly signed a contract with McLan. In order to show sincerity, he even transferred the first year's $500,000 premium to Pissart's account on the spot.
After signing the contract, Franklin warmly shook hands with McLan: "I wish us a happy cooperation. Thank you very much for the guarantee you provide to our Meifang Company!"
McClane was equally happy: "It should be that I thank you Mr. Franklin, you are willing to give me such a contract!"
Looking at the bright smile on McClane's face, Franklin and his executives were actually quite uncomfortable, because the expression was like laughing at them for being "fools who gave money for free."
This made Franklin's executives have a bad impression of McLaren in private and are scolding him secretly.
"I don't know if God assigned the wrong luck, why did he successfully speculate for him."
"Look at how he looks like a business leader, but he is more like the homeless people in the camp, greedy and unkind!"
"He actually dares to laugh at us. He is really ignorant and fearless. Do you really think we are giving him money for free? He still trusts that Chinese. When these homeless men can't pay back the money in the future, he will have to compensate him according to the contract. But when he cries, as far as I know, Pissart's company is borrowed from corporate debts. I'm afraid that a CDS contract will make him bankrupt on the spot!"
“That’s not the same
Don't forget that Mr. Zhou Ming gave him an idea and said that the CDS contract can be resold!"
"I forgot if you don't say it, but I'm afraid these CDS contracts can only be bought by Satan!"
These executives couldn't help laughing as they said, because in their opinion, this was simply impossible. Only a fool would buy such a contract that was obviously losing money.
But they were teasing, and Zhou Ming's phone rang. Zhou Ming picked up and answered it. It was actually a call from Piero. Zhou Ming was about to make some polite words, but Piero asked hurriedly: "Mr. Zhou Ming, have your CDS contract been completed?"
"Of course, just now, Mr. McClane had signed a CDS contract with Mr. Franklin of Meifang Company. Even Meifang Company paid the first year's premium to show sincerity." Zhou Ming replied.
"I also want this CDS contract. Can I transfer the CDS contract of Meifang to me?" Piero asked again.
"I'm afraid I can't answer you Mr. Piero. After all, this is a contract signed by Mr. McLaren and Franklin. If you need to transfer, you should also contact Mr. McLaren." Zhou Ming reminded.
Piero also suddenly said, "Yes, then please ask Mr. Zhou Ming to contact Mr. McLaren for me? If possible, I want to talk to him immediately."
Zhou Ming replied, of course it was fine, and then handed the phone to McClan.
Franklin and his executives were looking at this side, watching Zhou Ming and McLaren.
They all heard Zhou Ming’s phone call just now, and it seemed that someone wanted to buy a CDS contract?
This is incredible. How long has it been for me to sign the contract here? How did others know that there is a CDS contract here?
"This must be a play directed and acted by Mr. Zhou Ming!"
"He probably acted on purpose for us, and also for Mr. McClane, just to tell us that this CDS contract is very important, and in fact, no cent is worth at all!"
"And Mr. Piero, is there this person on Wall Street? Why didn't he say it was Shenggao or Motto Investment Bank?"
The executives still sneered and disdained, believing that Zhou Ming's move was a bit counterproductive, and it was a very low-level and childish trick.
But Franklin had a serious expression, because as the boss of Meifang, his level is much higher than these executives. He knew not only those people on Wall Street, but also those truly top families. Piero knew that he was the core figure of the Morgan family!
It should be that Mr. Piero, but if it were that Mr. Piero, how could he personally ask about such an insignificant little thing as a CDS contract?
Or... Does this CDS contract really have prospects that you can't imagine?
While Franklin was thinking hard, McLaren had already taken the phone handed over by Zhou Ming.
"Hello, I'm McClellan. Mr. Zhou Ming has briefly introduced it to me just now. I know you want to buy a CDS contract. Although the sale will cause my total income to decrease, I don't mind selling it. So if you want it, please send someone to discuss it as soon as possible. I still have many buyers here."
Chapter completed!