Chapter 393

There is only one requirement of shagliaosha for Mikhail, that is speed. As a result, within a few days after the establishment of the company, the advertisements of the three gold associations have appeared in the prime time of major Japanese TV stations. In order to achieve the maximum publicity effect in a short period of time, Mikhail has signed promotion contracts with almost the largest advertising companies in Japan, as long as it is a slightly influential newspaper, magazine, TV station in Japan, Even the subway, bus and Shinkansen are full of advertisements for the three gold clubs.

At the same time, Mikhail has also started the acquisition of subprime loans in Japan. Mikhail's business is mainly to acquire subprime loans, which are mainly provided by individuals with poor credit but in urgent need of money. For example, some people want to buy a house, but they don't have a stable source of income. They can't get preferential loans from formal financial institutions, so they have to find financial companies with high interest rates (many of them are usury) to pick up money. These financial companies often have to squeeze every drop of blood from the borrowers before they are willing to accept it, and the means of debt collection are extremely useless. Originally, these loans can't get into the eyes of those large financial institutions. However, when these junk debts and some high-quality debts are tied together and become derivative financial products, they will get a very high rating. They will jump from junk debts to high-quality bonds.

Mikhail's three funds will not be responsible for the packing of debts. In addition, a group of financial experts who are familiar with Western bond rating were recruited from Leningrad University and national housing bank to participate in the work, A large amount of junk debt and a small amount of high-quality debt are mixed together according to a certain proportion and become a new securitization product. Each asset package contains about 100000 to 200000 debts of different natural persons. Xie liaosha provided a general idea, leaving the specific things to the financial experts to operate.

Mr. seryosha, who is busy negotiating with the British in London, took the time to provide a complete product model of asset securitization to Rothschild bank, Barclays Bank and Royal Bank of Scotland, which are still interested in it, to assess the value of this product in the eyes of bankers. History is always similar. British financiers gave the product model AAA credit rating. This makes Xie liaosha completely put down his heart, which means that Xie liaosha successfully packaged some junk bonds into AAA bond portfolio products comparable to the security level of British sovereign bonds by using the method after decades.

"Congratulations, Xie liaosha, you are a genius, you have created a new high-quality investment derivatives! When can we see the real product? " Asked Atkins of the bank.

"In a few weeks, the first batch of products will come out one after another, with each asset package worth about $10 million to $100 million. I don't know whether these new financial products will be accepted in the market at that time? " Xie liaosha pretends to be worried and asks.

"I'm willing to buy these products if I can see them. Because of the Japanese economy to provide protection for these products! Many people predict that Japan will surpass the United States to become the world's largest economy in the next decade, according to the current economic growth rate of Japan. These products have a good margin of safety and good revenue expectations! " Belford of RBS is serious.

"Now there is still a question, that is, how do American rating agencies evaluate these products, and can they also give AAA rating? I'm worried that my status as a Soviet official will alert the U.S. rating agencies! " Xie liaosha asked uncertainly.

"Don't worry, let's do these things well. The three of us will fly to New York tomorrow to help you with this! James is in charge of S & P, I'm in charge of Moody's, and Belford is going to find Fitch! I believe what the three of us have said still carries weight! " Atkins said confidently.

Shortly after his official identity in the Soviet Union was leaked, for the purpose of protecting the financial derivatives he created and made public, he applied for an international financial patent for this financial product. Britain is the first country in the world where the patent law was born. The patent system in this country has been very perfect and has many special forms of existence. International financial patent is one of them. As long as financial products, including financial business methods, can be used as financial patent. Getting this patent means that this type of product will be exclusively owned by Xie liaosha in the coming decades. At first, Xie liaosha wanted to set up an approval authority to raise the industry entry threshold for this product, but later many bankers gave up the idea of cooperation with Xie liaosha after learning that he was a Soviet official. Xie liaosha is worried that others will take advantage of their own ideas, so he must use legal means to protect his own interests.

After the three bankers he knew in the UK left London, he continued to focus on trade negotiations with the British government. Secretary Gorbachev has not yet obtained the approval of the Political Bureau for the visit due to the obstruction of gromiko. In any case, the matter of visiting Britain has been confirmed. Although the British side has issued an invitation to Gorbachev, it will not matter if they change to other leaders, such as gromiko. However, who will come to Britain is related to the future status of Gorbachev and gromiko in the party. In order to keep the fruits of his victory, he had to work hard to reach an agreement with the British government in favor of the Soviet Union as soon as possible to clear the obstacles for Gorbachev's visit.

Coal trade was the first to sign an agreement, because he had already reached a supply agreement with two big coal users, British Steel Company and British national power company. Now he only needs to sign a similar agreement with the coal bureau. The British are more anxious than him, even before the signing of the agreement, Cargo ships carrying coal have begun to line up in the Dizhong sea. Therefore, shortly after Yakovlev's arrival in London, seryosha had completed all the negotiations with McGrady of the coal bureau.

Just at the signing ceremony of the supply contract between the British National Coal Bureau represented by McGrady and the Mediterranean trading company of sherius Sha, three telegrams from New York were handed over to sherius Sha by the hotel staff who undertook the signing ceremony. Except for the different senders, the contents of the three telegrams were almost identical, with only three letters - AAA.