Chapter 151: Contract Delivery

It was already 6 o'clock in the afternoon, and it was already dark. The neon lights for nighttime had been turned on in Barton's Tavern. Zhou Ming and Brooke were still sitting on the sofa. From morning until now, they had been sitting here for more than nine hours.

After sitting here for such a long time, even Brook, who has experience in parliamentary meetings, is a little restless. Even though it is noisy around them like a food market, he still yawns one after the other, but on the other hand, Zhou Ming is still as still as a mountain. This makes Brook can't help but feel that youth is good, and that as he gets older, his energy naturally can't compare to that of the young.

Brooke imagined himself when he was young. He could sit for two or three days without blinking, not to mention just one day. Now that he is almost 60 years old, he naturally gets tired, even if he just sits here.

But when I was young, I had no ability to control the market. □¤.≠ didn't have the ability to control the market. At most, he could just follow other people's lead and pick up the bones left behind. But now this Zhou Ming, not only does he have the ability to control the CDS market worth more than a billion, but he is also still so young. This makes Brook jealous. He doesn't understand why someone like this can still be so young, and why all the good things are placed on him alone. It really makes people envy and hate.

Finally, Brook couldn't hold back anymore. He asked Zhou Ming, 'How long do we have to wait?'

Zhou Ming lifted his hand to look at his wristwatch, then waved to call the waiter at the tavern and asked him, 'How many orders do we have now?'

The waiter was well prepared for this question. He took out a document and handed it to Zhou Ming, saying, 'Mr. Zhou Ming, including the order traded a quarter of an hour ago, you have participated in a total of 40 contracts of 1,000 CDS and 100 contracts of 500 CDS. For this, the total amount you need to pay to complete all transactions is 210 million US dollars. Do you need to end today's trading?'

'I never thought I would have to complete a $200 million transaction all at once today,' Zhou Ming said with some emotion.

Hearing Zhou Ming say this, Brooke and the waiter were both helpless, because the $200 million transaction did sound intimidating, but the more important thing was that for $200 million, he had bought over $900 million worth of CDS contracts, which was definitely an incredibly profitable deal. Now that Zhou Ming was still feeling emotional about it, he was simply being a complainer after getting a bargain, and he was really shameless!

'Okay, that's it for today. I've decided to end the transaction and close the contract,' Ming Zhou made his decision.

'No problem. Do you have an appointment with a market broker?' the waiter asked.

Ming Zhou shook his head and said, "No, and I'm not going to use any indirect trading methods either. If possible, I'd like to conduct a face-to-face transaction."

This answer made the waiter feel a little taken aback, because almost all large transactions in the tavern were conducted through the indirect trading model of a market broker.

This indirect trading model is a very special way of contract delivery in Barton's Tavern. It is delivered through the market broker in the tavern. Simply put, both parties to the transaction put the money and the contract in the tavern, and the broker hands them over to the other party to complete the delivery. In this way, the delivery method through a third party can avoid the direct meeting of the two parties to the transaction, ensuring the confidentiality of the transaction and the privacy of both parties. After all, many wealthy people don't like to be in the limelight.

However, with this third-party delivery model, there is naturally also a face-to-face transaction model between the buyer and seller, but it requires the cooperation of both parties. Since many sellers will put their names on the transaction to ensure the quality of the contract, they generally have no objections to face-to-face transactions and can begin as long as the buyer agrees.

Since Zhou Ming had made this choice, the waiter could only nod and say, 'Okay, no problem, I'll arrange the venue for you right away.'

Zhou Ming and Brooke then followed the waiter up to the third floor, where there were three very luxurious presidential suites, which the tavern used to host VIPs. Naturally, Zhou Ming, who was conducting transactions of over 200 million US dollars at a time, was absolutely qualified to be accommodated here.

Zhou Ming and Brooke sat on the sofa. Before long, the waiter brought in a few people. The first trading partner Zhou Ming still remembered was Jamal, the chairman of the Caribbean Investment Company, who had once asked him questions.

Jamal was stunned when he entered the suite. Although he doubted that anyone would be willing to buy the CDS contracts, he never imagined it would be Ming and Brooke. They were the first to sell the CDS contracts, and they were also responsible for the collapse of the CDS market. Besides, wasn't Brooke Investment on the verge of bankruptcy? Where did they get the money to buy the contracts?

With these doubts, Jamal walked up to Ming and Brooke and sat down in front of them. He looked at the two of them and then asked, 'It seems that I have been deceived by a conspiracy. Let me guess, you deliberately sold the contracts today so that the price would drop and you could buy at the bottom, right? You two are liars, and what you did makes you no gentlemen at all!'

Zhou Ming retorted, 'Honourable Mr. Jamal, if I remember correctly, when you asked me, I didn't tell you anything, I just let you believe in your own thinking.

Jameel, who had been rebuked, had nothing to say and had to honestly take out his CDS contract and start trading with Zhou Ming under the witness of the market broker in the pub. When the transaction was over, Jameel left Zhou Ming with the words, 'I hope these contracts will make you money,' and then left.

After seeing off Jamal, the second person to enter was Madison, the CEO of Lewis Investments. He didn't know Zhou Ming, but he knew Brooke, so like Jamal, Madison was also stunned the first time he entered.

Subsequently, Madison walked up to Zhou Ming and Brooke, sat down, and exclaimed, 'My first reaction when I first came in was that I had entered the wrong room, because you, my dear Congressman Brooke, your company is already on the verge of bankruptcy, right? How could you still have the money to buy it? So I still can't believe that it was you who wanted to buy my CD contract. If that's the case, then the sell-off you triggered in the market before was a big conspiracy!"

Brooke clenched his fists, but Zhou Ming told him to relax. Then Zhou Ming said, 'This is Mr. Madison, right? I'm curious about one thing: do idiots need to be held responsible now?'

Madison then noticed Zhou Ming next to Brooke, and after looking him up and down, he said, 'You're the Chinese guy who took over Brooke Investments? I'm sorry, I don't know what you're talking about.'

"It's very simple. Brooke and I never intended to drive anything. We just thought it was profitable to sell CDS contracts for 400, and then we thought it was also profitable to buy CDS contracts for less than 300, so that's why we did it. And Mr. Madison, you didn't know about it. Now, is your stupidity still our responsibility?'

Madison wanted to say something, but Zhou Ming's last sentence made him unable to say anything. Zhou Ming said, 'I'm sorry, I'm not your father.'

This sentence made Madison mad, but he pointed his finger at Zhou Ming and couldn't say a word. In the end, he could only honestly deliver the contract to Zhou Ming and leave angrily.

After Madison, Martin, the chairman of St. Martin Investment Company, Leo, the chairman of New Dawn Investment Company, and other 'big shots' also walked into the room one after the other. Of course, their expressions were just as surprised as Jamal Madison's. After all, Brook's investment company was about to go bankrupt, so how could he still come up with so much money to buy these CDS contracts? Especially since they all knew that before them, Jamal and Madison had also come up and sold CDS contracts.

These people are all 'big shots' in Brighton's financial circles. They all know who has the strength to come up with that much money to buy cds contracts. And in the current environment of the subprime mortgage crisis, the only person who can afford to buy cds contracts is Brooke. Then they can undoubtedly be sure that Jamal and their contracts have all been sold to the same person.

You have to know that even though the price of the contracts has been falling recently, they are all packaged together to reach the level of thousands of dollars. No matter how much they fall, they are still worth more than 200 dollars. Adding up all these contracts, they are worth more than 100 million dollars. Even for the Brighton Bank, this is a very large sum of money. But now Brooke is so easily taking it out and even using it to purchase CDS contracts. Why?

Chris-to in the Adams Manor in White Mountain also had the same doubts as these 'big shots' in the Brighton financial circles.

When Zhou Ming and Brooke settled the CDS contract in the presidential box of Barton's wine, their settlement information reached Christo just an hour later.

As the patriarch of the Adams family, Christo is undoubtedly also a good player in the financial world. He has also been involved in many financial events, so he is familiar with some financial techniques, including how to manipulate the market.

Just like during a previous stock crisis, when he wanted to buy a company's stock, that day, from the opening of the market in the morning, he had his investment company frantically sell, which inevitably drove the price down. After the price fell below the bottom line, Christo had the investment company buy back all the stocks, thus achieving the goal of holding more stocks.

Now Zhou Ming is obviously doing the same thing. Although it sounds like Zhou Ming has spent several hundred million dollars to purchase CDS contracts, CDS contracts of the same value may have cost twice as much to purchase yesterday.

"Using the resources at his disposal and his judgment of the market to manipulate the market, this Chinese guy is doing a pretty good job of it, but what use can you get out of these CDS contracts?'

Christo was very confused. He picked up his phone and dialed Barton's Tavern. 'This is Christo Adams. You are the person in charge of Barton's Tavern, right?'

At first, the person on the other end of the line sounded confused, but as soon as Christo introduced himself, the person on the other end of the line immediately came to their senses. This was Christo calling the owner of Barton's Tavern. After hearing Christo's voice, the owner immediately said, 'It turns out to be Mr. Christo. I'm so rude. I don't know what Mr. Christo wants.'

Compared to the pub owner's politeness, Christo was very direct: 'I know someone just delivered a CDS contract worth more than $200 million to you, right? I need detailed information about their transaction.'

...

At the same time, Zhou Ming and Brooke left Barton's Tavern. Zhou Ming took out his phone and dialed a number: 'All contract deliveries have been completed, we can start the next step.'