Extraordinary Genius

Microsoft's shareholders wanted loans, and Microsoft's shares were used as collateral, and Citibank was certainly very welcome. Banks? Interest on loans is in itself one of the main revenues.

Of course, lending should also look at the solvency of the other party, whether the value of the collateral is at risk of devaluation, etc.

Stocks, in themselves, are marketable securities at risk of depreciation. Especially at the end of the 1980s, it wasn't just the island countries. In fact, the US was the first country to have financial and real estate problems, but they were smart enough to move the disaster away. Combined with the rise of high-tech technology and the war fortune in the United States, the United States has easily passed through a difficult time, while the island nation has been miserable and it will take at least 10 years to regain its vitality.

By the end of the 1980s, banks had also lost a fortune, mainly on stock and real estate mortgages. Like Donald? * * *, isn't it typical that banks owe large loans, which in turn threaten to slow down interest payments by banks?

Others simply went bankrupt, the stock became worthless and the bank did not even collect the principal money.

So since then, the risk assessment of the bank has become more rigorous, so Feng Yu's share of the stock, the amount that can be borrowed, definitely needs to be lower than the market value at this time.

Feng Yu considered that the amount to be borrowed was also lower than the market value of the stock, but Feng Yu was still somewhat unhappy when Miles told him that he could borrow the amount.

“Miles, I use Microsoft stock as a mortgage, Microsoft's profitability, can't you see? Stocks will definitely continue to appreciate this year, how can there be a risk of depreciation? How much is Microsoft's contract with those computer companies? Not to mention that Microsoft's office software, servers, etc. are selling so well now, stock appreciation is inevitable!” Feng Yu frowned.

Nima, I took out so many stock loans, at least $1.5 billion, and I felt like I was short on $1.2 billion, so now you're willing to lend me $700 million?

What do you mean, Microsoft shares are at risk of falling by one-half in three years? Isn't that bullshit?

“Mr. Feng, don't worry. The stock price itself is volatile. Our risk considerations are a little higher, but you can understand that, right?” Miles said.

“I don't understand. These stocks, I'm going to borrow $1.2 billion. Is that a lot? The market value of these stocks is at least $1.5 billion! And the interest I give you, you ask yourself, isn't it high? By this time next year, the market value of these stocks could even double, and these evaluators of yours, can't they analyze it? ”

If a $1.5 billion stock mortgage can only lend $700 million, it's too dark! If Citibank insists on doing so, then Feng Yu will only have to choose another bank loan. Unfortunately, he is a Huaxian, but he can't get that kind of ultra-low interest rate on loans to island countries, otherwise Feng Yu would have gone to island countries to make loans!

“I'm sorry, Mr. Feng, but now Citi is the loan condition. If you want more loans, then the value of the collateral increases.” The other party is so eager to make a loan, of course he also wants to make more loans to Feng Yu. But Feng Yu only took out some of Microsoft's stock mortgages, and if he could take out all of Microsoft's stock to mortgage, the ratio would never be so low!

The higher the loan line, the better his performance, and the more money he can share at the end of the year.

Miles thought that he would definitely increase the number of mortgaged shares after saying so much more about this condition. He also took a step back and raised the loan amount a little.

But he didn't think that Feng Yu actually stood up and turned around and left.

“Mr. Feng, our Citibank loan terms are the same as any other bank. You don't get better terms than we do when you go to any bank in New York.” Miles shouted, "If you're willing to mortgage some more stock, I can take the lead and give you a higher loan amount. ”

Feng Yu didn't say a word and walked out of his office.

Miles panicked and Feng Yu left without hesitation!

That statement he just made wasn't a complete lie to Feng Woo. Banks in New York do have very tight scrutiny of stock mortgages, and they do have very low lending ratios.

But Feng Yu mortgaged not the shares of ordinary companies, but the current potential for appreciation is huge. The shares of Microsoft company pursued by shareholders, the lending ratio, will never be so low!

As soon as Miles saw Feng Yu leave, he called several of his well-connected bank executives, who, although rivals, often worked together at some point.

For example, this time, Miles convinced everyone to join forces to keep the amount of Feng Yu's loan low and teach this Huaxia a lesson. Of course, if Feng Yu wants to lend eventually, it is also a joint loan.

Those people apparently said yes, but Miles wasn't sure if they would actually comply. Of course, there was a superficial promise among the bank executives, but waiting secretly for Feng Yu to come to the door, which surprised them that Feng Yu had not contacted their bank at all.

At this time, they won't be able to sit down, and regardless of the proactive contact, it will reverse the status of both parties, even if they give Feng Yu a high percentage of loans, and I'm sure the boss will agree, they believe Microsoft's stock won't fall!

But after contacting Feng Yu, they were all rejected by Feng Yu. Although they had raised the loan amount, Feng Yu still did not agree.

Miles couldn't sit down either. He voluntarily called Feng Yu and said that he had misread the other day. Microsoft stock, but the amount of the loan, it was definitely not that low. Feng Yu said that the loan was $1.2 billion. He kept up with the report and said yes.

At this time, Feng Yu sneered: “Did you agree? I don't want to borrow money from your bank. And Mr. Miles, I'll tell your bank president about this, and I think you're in trouble. ”

Miles was shocked to find out how wrong it was to deal with the average person to deal with Feng Yu. If the president knew about this, he would surely be asked to resign at the board meeting, and where would he find such a well-paid location?

He was Citi's only executive who didn't get an equity incentive. He wanted to rely on this performance to get some equity incentives at the end of the year, but now it seems that not only does the equity incentive go away, he may not be able to keep his current position!

“Mr. Feng, I think there's been a misunderstanding between us, and I'd like to explain it to you in person. ”

“No, I don't have time for your explanation.” Feng Yu smiled at the corner of his mouth.

This Miles, do you really think Citibank is good? With so many banks in the world, you don't lend money to Citibank, other banks don't lend money?

Feng Yu has negotiated with HSBC to borrow $1 billion from HSBC at a very low interest rate, and the market value of the stock to be mortgaged, but only $1.1 billion, on terms that are different from those of Citi.

Of course, it wasn't just Microsoft's stock that worked, it was also Li Zeyuan and Pay Guangguaranteeing it. Feng Yu will gradually take all of Microsoft's shares to the mortgage, and then make a big profit in the US stock market this year.

As for Miles, let him learn his lesson, a lesson he will never forget!