Chapter 15 AAA
Seryozha had only one requirement for Mikhail, and that was to be fast. Therefore, in just a few days since the company was established, the advertisements of the Sanjinhui have already appeared overwhelmingly in the prime time of major TV stations in Japan. Several of the largest advertising companies have signed promotion contracts. As long as it is a slightly influential newspaper, magazine, TV station, even the subway, bus, and Shinkansen are full of advertisements for the Sanjinhui.
At the same time, Mikhail also started the acquisition of subprime loans throughout Japan. Mikhail's business is mainly the acquisition of subprime loans, which are mainly provided to individuals with bad credit who are in urgent need of money. For example, some people want to buy a house, but they do not have a stable source of income. They cannot get preferential loans from formal financial institutions, so they can only find financial companies with high interest rates (many of which are usury loans) to receive money. It is only willing to stop after squeezing every drop of blood from the borrower, and the means of debt collection are even more exhaustive. Originally, these loans could not be recognized by those large financial institutions, but when these junk debts are bundled with some high-quality debts and turned into derivative financial products, they will get a very high rating, jumping from junk debt to Generate high-quality bonds.
Mikhail's Three Golds will not be responsible for the packaging of debts. For these matters, Seryozha asked Grigory's data company (including Berezovsky's data service team) to undertake the work. A group of financial experts familiar with western bond ratings participated in this work. According to Sergey Sha's request, a large amount of junk debt and a small amount of high-quality debt were mixed together in a certain proportion and became a brand new securitization product. Each asset package contains about 100,000 to 200,000 debts of different natural persons. Sergey provided a general idea, and the specific matters were left to financial experts to operate.
And Seryozha, who is busy negotiating with the British in London, took the time to provide the complete product model of asset securitization to Rothschild Bank, Barclays Bank and Royal Bank of Scotland who are still interested in it for evaluation. See what value this product has in the eyes of bankers. History is always similar, and British financiers gave this product model a +a credit rating. This made Seryozha completely let go of the hanging heart, which means that Seryozha successfully packaged some of the current junk bonds into a security level comparable to British sovereign bonds by borrowing decades later. Class A bond portfolio products.
"Congratulations, Seryozha, you are a genius, you have created a brand new high-quality investment derivative product! When will we see the real product?" Atkins of Barclays Bank asked impatiently .
"In a few weeks, the first batch of products will be launched one after another. Each asset package is worth between 10 million and 100 million US dollars. I don't know if the market will accept these brand new products. Financial products?" Seryozha asked pretending to be worried.
"If I were to look at it, I would be willing to buy these products. Because Japan's economy provides guarantee for these products! Many people predict that Japan will surpass the United States to become the world's largest economy within the next ten years, According to the current economic growth rate of Japan, these products have a good margin of safety and good profit expectations!" Belford of the Royal Bank of Scotland said seriously.
"Now there is another problem, that is, how do American rating agencies evaluate these products, and can they also give a +a rating? I am worried that my identity as a Soviet official will make American rating agencies wary!" Sergesha asked uncertainly.
"Don't worry, we'll take care of these things, and the three of us will fly to New York tomorrow to help you get this done! James is in charge of S&P, I'm in charge of Moody's, Belford is in charge of Fitch! I believe What the three of us say still carries weight!" Atkins said confidently.
Shortly after Sergey’s identity as a Soviet official was exposed, Sergey applied for an international financial patent for this financial product for the purpose of protecting the financial derivatives he created and made public. The United Kingdom is the first country in the world where a patent law was born. The patent system in this country is already very complete and has many special forms of existence. International financial patents are one of them. As long as it is a financial product, including a financial business method, it is acceptable. as a financial patent. Obtaining this patent means that this type of product will be exclusively enjoyed by Seryozha in the next few decades. At the beginning, Seryozha originally wanted to establish an approval agency to raise the industry entry threshold for this product, but later, many bankers gave up the idea of cooperating with Seryozha after learning that he was a Soviet official. Seryosha was worried that others would take advantage of his own ideas, so he had to resort to legal means to protect his own interests.
After the three bankers whom Seryozha knew in England left London, Seryozha continued to focus on trade negotiations with the British government. Due to Gromyko's obstruction, Secretary Gorbachev has not yet obtained the consent of the Politburo for this visit. Anyway, the visit to the UK has been confirmed. Although the British side has invited Gorbachev, it will be fine if it is replaced by another leader such as Gromyko. But who will come to the UK is related to the future status of Gorbachev and Gromyko in the party. In order to keep the fruits of his victory, Seryozha had to work hard to reach an agreement with the British government as soon as possible in favor of the Soviet Union, clearing the way for Gorbachev's visit.
Coal trade was the first to sign an agreement, because Sergey had already reached a supply agreement with two major coal consumers, British Steel and National Electricity, and now Sergey only needs to sign another similar agreement with the Coal Bureau That's enough, the British are more anxious than him about this matter. Even before the agreement was signed, coal freighters had already started queuing up in the Mediterranean Sea. So shortly after Yakovlev arrived in London, Sergei had completed all the negotiations with McGrady of the Coal Bureau.
At the signing ceremony of the supply contract between the British National Coal Board represented by McGrady and Sergey's Mediterranean Trading Company, three telegrams from New York were handed over to Sergey by the hotel staff who hosted the signing ceremony. Except for the different senders, the contents of the two telegrams are almost identical. There are only three letters in the whole text——+a.