Returning to his senior year of high school, he went all in and made billions by buying at the botto
Chapter 77 Swiss Franc Warehousing
One o'clock in the morning.
A black Mercedes slowly drove into Guanlan Yujing.
A dim floor lamp was still lit in Villa No. 16.
Chen Mo pushed open the door and entered the living room, preparing to go upstairs, when he discovered a familiar figure curled up on the sofa.
Lin Wan.
She was clearly waiting for him.
The coffee table was neatly arranged with credit documents from Huaguo Bank and asset information from Xiling Mining.
Perhaps she was too exhausted, she fell asleep without realizing it.
At this moment, Lin Wan was only wearing a burgundy silk nightgown, with a thin robe casually draped over it.
The soft fabric clung to her shapely figure, outlining the voluptuous curves unique to mature women.
Her long, slender, fair legs were slightly curled up, her long, black hair was scattered on the edge of the sofa, and her delicate face looked less capable in the light and more gentle.
Chen Mo paused slightly.
This body is only eighteen years old.
The fatigue from continuous travel, coupled with the beautiful scenery that suddenly came into view in the middle of the night, caused the hormones of the young people to surge uncontrollably at this moment.
His gaze lingered for two seconds, and his breathing became slightly heavier.
But soon, his experience of living two lives calmed him down.
Chen Mo looked away, picked up a thin blanket from the side, and gently covered her with it.
Even though she was being very careful, Lin Wan still moved slightly.
Her eyelashes fluttered slightly, and she groggily opened her eyes.
"Mr. Chen..."
Upon seeing the person in front of her, the lingering sleepiness in her eyes was quickly replaced by surprise.
"You're back?"
"Just arrived."
Chen Mo pulled the blanket up a bit for her: "Why don't you go back to your room to sleep?"
"I want to wait for you." Lin Wan propped herself up and sat up, causing the collar of her nightgown to loosen slightly.
She subconsciously pulled her clothes tighter, and a faint blush rose to her cheeks.
"The bank credit application materials are all ready. In addition, you need to confirm the investment plan of Douyin Group and the closing documents of Xiling Mining."
"We'll talk about that tomorrow."
Chen Mo glanced at the time: "It's already past one o'clock, let's rest first."
Lin Wan nodded gently.
She looked at the blanket on her body and felt a warmth in her heart.
"Mr. Chen, there's a late-night snack keeping warm in the kitchen. You haven't eaten anything on your way back, have you?"
I'm not hungry.
Chen Mo turned and headed towards the stairs, then stopped.
"Lin Wan".
"Um?"
"Thank you for your hard work these past few days."
Lin Wan was slightly taken aback, then revealed a gentle smile.
"It's what I should do."
Chen Mo didn't say anything more and went straight up to the second floor.
Only after his figure disappeared around the corner of the stairs did Lin Wan look down at the thin blanket covering her legs.
She reached out and gently stroked the wrinkles on it, a subtle smile playing on her lips.
……
master bedroom.
After taking a hot shower, Chen Mo changed into his loungewear but did not rest.
He pushed open the study door and activated the encrypted terminal.
The screens lit up one by one.
Merrill Lynch, Goldman Sachs, and Morgan Stanley.
The trading accounts of the three international financial institutions have all completed the authorization verification process.
The institutional structure of Chuangsheng Investment has also been officially launched.
After the ruble war, his offshore funds were split into different accounts, and now these scattered funds are about to be directed toward the same goal.
Swiss Franc.
Chen Mo opened the European foreign exchange market information.
The EUR/CHF exchange rate continues to operate firmly around the policy floor of 1.20, just as it has for the past three years.
The vast majority of institutions in the market believe that the Swiss National Bank will defend this red line at all costs.
Countless arbitrage funds even regard 1.20 as an impenetrable steel floor.
Buy euros when the price drops to near the target level, and close the position for profit when there is a slight rebound.
This strategy is stable and simple, and has almost never failed in the past few years.
But Chen Mo knew that this so-called steel floor would be removed by the Swiss National Bank in less than a month.
At that time, all the leveraged funds invested in it will fall into the abyss within minutes.
Quotation gaps, liquidity depletion, forex broker bankruptcies, and hedge fund liquidations.
That would be one of the most devastating black swan events in the history of the global foreign exchange market, causing significant losses even to the world's top banks.
Chen Mo retrieved the account's fund distribution.
Merrill Lynch account, $120 million.
Morgan's account, one hundred million US dollars.
The Goldman Sachs account contains $100 million, of which $60 million corresponds to an independent fund share entrusted by Lu Jingyi.
The remaining offshore funds and Standard Chartered account will serve as a liquidity safety net for the time being.
This time, he did not pursue ten times leverage.
The Swiss franc situation has been too volatile and too severe.
Being on the right track doesn't guarantee survival and profits. If leverage is too high, even a normal fluctuation before an event could trigger a margin call.
Moreover, when a black swan event occurs, banks may temporarily widen spreads, increase margin requirements, or even suspend quotations.
Chen Mo designed different positions for the three institutions.
The strategy primarily involves shorting the euro against the Swiss franc, with long positions in the dollar against the Swiss franc used as a secondary approach.
Add a small number of Swiss franc call options to address gaps in spot pricing.
On-exchange, off-exchange, options.
The three-layer structure complements each other.
Even if one institution loses liquidity under extreme market conditions, the other two channels can still complete the exit.
Chen Mo did not place the full order at once; instead, he initiated a split order process, dividing the position building period into more than ten trading days.
Each order is kept to a size that will not attract the attention of the trading desk, and positions are gradually absorbed through forward contracts with different time periods and maturities.
A dense array of trading instructions began scrolling across the screen.
2:40 a.m.
The first phase of position building has ended.
The three accounts collectively invested approximately US$80 million in margin, initially establishing a directional exposure of over US$400 million in Swiss francs.
Lu Jingyi has only used one-third of the $60 million she received so far.
Her funds were separately marked and accounted for, and were not mixed with Chen Mo's own principal.
Next, as the deadline approaches, he will gradually push his total nominal position to over two billion US dollars.
However, the maximum leverage limit must be controlled.
This time, he wanted certainty, not madness.
Chen Mo picked up the encrypted phone and confirmed the position and margin status with the trading desks of the three institutions.
Everything was normal. After hanging up the phone, he leaned back in his chair, his gaze fixed on the almost motionless EUR/CHF curve.
Countless Wall Street elites are making money by relying on the promises of the Swiss National Bank.
Countless algorithm models write 1.20 as a parameter that will not fail.
But the central bank's promises are never a natural law.
When the cost of upholding a commitment outweighs the benefits, the first to overturn the table are often the rule-makers.
The world is full of possibilities and uncertainties, which makes it all the more wonderful.
"There are still more than twenty days left."
Stay tuned
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