Reborn Wealth America

Chapter 115 Wells Fargo Bank's Margin Basis

Speaking of the foreign exchange market.

In the afternoon.

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

"This place is great!"

After John Mellon admired Abel's office for a while.Smiled and admired.

Abel shrugged: "John. Welcome to you."

It was John Mellon who came.He is Abel's senior VIP personal account manager at Wells Fargo Bank.

Once with him, there were several other billionaires who had been happy together in the yacht at sea.

The arrival of John Mellon.It's not that he wants to come and visit.

But Abel took the initiative to send out an invitation.

"Mr. Sefrosa." John Mellon said with a smile. "You invite me. There must be something. Oh, yes. How was the house last time? Are you satisfied with it? I'll look at the house. It’s great. It’s just too expensive."

He was talking about 67 Beverly Hills Park Community.The house has almost been negotiated, and the contract can be signed in two days.

The high-end real estate Anne, who has had a five-shot bond with Abel.Successfully suppressed the price a lot.

The house originally quoted at 165 million US dollars was sold to 120 million US dollars by her.But Abel was not surprised.

The houses in the Beverly Park community are indeed very valuable.But 165 million is also very exaggerated.Even if it is 120 million US dollars, it is a high price.

"Yeah. 120 million dollars. It's really expensive." Abel said.

John Mellon praised: "Such a big house. Only upstarts like you, Mr. Sefrosa, can afford to live. But then again, when will you move in, Mr. Sefrosa?"

"Wait until you move in. We can be neighbors."

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

John Mellon nodded.

"My uncle has a house there. But he has always lived in New York. There is no one in the house here. I will live in it temporarily."

"Of course." He said, "The house is not that big. The total is just over three acres."

"Hehe..." Abel twitched his mouth.

It's not surprising that John Mellon can live in the Beverly Park community.No matter which country you are in, if you can get the status of an executive in the banking industry, your income and salary will not be low.

This is especially true for the United States.Those large consortia, and those families that have passed on for a long time.Their most important foundation is actually the major private banks.

"Don't talk about the gossip. Mr. John, I invite you to come today. I want to ask Wells Fargo through you. With my current qualifications, if you use your bank to speculate foreign exchange, how much leverage can you provide me?"

"Except for foreign exchange speculation. If I need a loan, what do I need to mortgage and how much loan I can get."

After listening to Abel's words.There was no unexpected expression on John Mellon's face.

After all, he is a senior VIP personal service manager at Wells Fargo Bank.Inviting him on business matters, besides discussing business with Wells Fargo, what else can he do?

He groaned.

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

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

"If so."

John said: "Then based on your qualifications and my rights, Wells Fargo can provide you with a leverage 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 the mortgage of all the real estate, cars and company shares in your name! The minimum loan that can be provided will not exceed 30% of the market value of the mortgage, and the maximum will not exceed 60%!"

John reported two figures.One is to provide him with ten times the leverage of the foreign exchange market.

Abel's deposit at Wells Fargo Bank is a little over 1 billion US dollars.Ten times the leverage multiple, that is 10 billion.

There are ten times the leverage.But there is an upper limit, only 10 billion capital.

And the loan, if it is 30% to 60% of the value of the collateral.

The assets under Abel's name are actually not much.Except for a few cars, there are just a few companies.There is basically no real estate. No. 67 in the Beverly Park community has not been bought yet.

The car is not worth much.If it is a company, [Orange Red Security] is actually not worth much.

The only valuables are Oasis Investment and Bluestar Future.But in fact, Oasis Investment is only valuable because of the future value of Bluestar.In this case, it is actually only the future value of Bluestar.

Bluestar 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 went public.

Take the urine of the bank.With a valuation of 21.1 billion in the future, Bluestar can discount it by half.

And 30% to 60% after this half.The loan that can be obtained should be around 3 billion to 6 billion US dollars.

John Mellon smiled and said: "Mr. Sefrosa, are you going to make any big moves recently? As far as I know, you are a super genius in the foreign exchange market! You want to play in the foreign exchange market Is it generous?"

Abel smiled and said nothing.

John Mellon knows that his main income comes from the foreign exchange market, which is nothing remarkable.

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

The flow of funds and turnover is easy to find.It is easy for those who want to check.

Abel pondered.

"I don't need loans 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 I can get tomorrow morning!" John Mellon said.

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

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

Abel nodded.

He said: "What are you waiting for. John. What I want is as fast as possible, and I'd better get it tonight!"

"No problem. I will do it now!"

John Mellon said positively.

"But today is a coincidence. I am going to have a cocktail party in my Beverly Park community house tonight. We are all neighbors. I wonder if Mr. Sefrosa would like to attend?"