Pretending to be bankrupt, the school beauty came to visit with her twins

"Xiao Li Feng, hurry up, collect all your money, open an account at Dayuan Bank, and short crude oil futures!"

Open a Dayuan Bank account and short crude oil futures?

Li Feng was stunned. Crude oil has been rising very well recently. Everyone is bullish.

In this case, why go short?

Moreover, you still need to open an account at Dayuan Bank? Isn’t it possible to short-sell directly using an overseas futures account?

Dayuan Bank is the strongest bank in Daxia and ranks first in the global banking industry.

The business under their name covers many aspects.

Stocks, bond futures and more.

Among them, crude oil futures are naturally involved.

Because oil futures trading is not available in Daxia, if you want to speculate in crude oil, you need to use these local financial institutions.

In other words, climbing over the wall.

It’s just that it’s too troublesome and not compliant to circumvent the firewall, so most people will choose banks as intermediaries.

Almost every bank has similar functions, but Dayuan Bank does it the largest and best.

However, the crude oil futures of Dayuan Bank are still different from futures in the traditional sense.

The most important point is that the transaction does not involve the long and short parties directly as counterparties, but uses banks as intermediaries to meet transaction needs.

That is, when investors buy or sell, the bank is the counterparty.

To put it simply, if you go short, the bank must do a long position at the same time to hedge the risk.

Dayuan Bank's crude oil futures implement a 100% margin mechanism and only buy and sell existing and actual shares of "crude oil". There is no leverage risk or forward delivery mechanism.

In other words, leverage operations are not possible.

An investment of million means million.

Unlike the gold futures operated by Li Feng before, times the leverage can be directly used, and million can be used as million.

Moreover, the increase in crude oil has been relatively modest.

In Li Feng's view, there is no sense in investing at all.

What's the point of the price rising from ten dollars to eleven dollars a barrel?

Having experienced big ups and downs, he no longer looks down on petty profits.

However, Li Feng soon knew that he was wrong.

Dayuan Bank's crude oil futures are generated based on specific circumstances.

Similar products are only available in Daxia and major banks in several countries surrounding Daxia in the entire world.

And this time, the capitalists from the beautiful country carried out a planned attack on Dayuan Bank and several banks with similar products.

According to Lao Li’s tips, this time, the price of crude oil will actually fall to negative prices.

Of course, this is not just because of capital's sniping.

The main reason is that the world's crude oil storage capacity is almost full, but production has not been suspended.

Production continued, but no one consumed it. Coupled with the malicious attacks of capital, many parties forced positions to be liquidated, and negative oil prices emerged.

Li Feng learned from Lao Li that the maximum decline in crude oil futures was 445%, and the minimum fell to minus $38 per barrel.

Before the decline, crude oil was $11 per barrel.

In other words, if you are short one billion now, after the position is closed, one billion will become 54.5 billion. After deducting various expenses, you can make a net profit of at least 44 billion.

No wonder Lao Li is so anxious, billion is not a small amount.

Moreover, the time is tomorrow night, which is very urgent.

Thinking of this, Li Feng did not dare to delay and immediately ran to Dayuan Bank to open a card with his identity.

At the same time, he also said hello to Sun Youwei.

It is a very big thing for a bank to move all billion, and it is done across banks.

Without warning in advance, the bank may not have enough positions for inter-bank operations.

Therefore, it is very important to have an account manager you know in the bank.

After Sun Youwei learned that Li Feng was going to misappropriate one billion in funds, he immediately applied for a position without asking any questions.

Although banks have the obligation to retain customers, especially large customers.

But now the customer clearly wants to use the money, and the bank has no reason to stop it.

"A Feng, the position of one billion yuan has been applied for. If you want to transfer money, you can do it at any time!"

"The maximum limit of your online banking is billion. Just log in on the computer with U-shield and you can operate it!"

After applying for the position, Sun Youwei called Li Feng immediately.

"Okay, grandson, thank you very much! I'll treat you to dinner later!"

Li Feng said with a smile.

"Okay, okay, no problem!"

"But, Afeng, have you done anything recently? Can you play with your brothers?"

Sun Youwei said with a smile.

He has seen Li Feng's miraculous trading skills many times.

Just some time ago, Li Feng received a huge bonus because of his large deposit.

If Li Feng is willing to take him to play with him, he can earn some extra money.

Unlike securities, banks allow employees to make reasonable and legal investments.

Of course, the premise is that it does not affect your job and does not invest during working hours.

"Of course it's fine!"

“You just need to open an account at Dayuan Bank and short crude oil futures!”

Dayuan Bank crude oil futures?

Sun Youwei was stunned.

Isn’t the recent rally in crude oil very good? Why would you want to go short?

Li Feng knew that Sun Youwei was confused, so he simply explained.

As for whether to invest or not, it depends on Sun Youwei himself.

After explaining, Li Feng hung up the phone.

Sun Youwei hesitated for a moment, then immediately opened Dayuan Bank's mobile banking and registered an oil futures account.

He chose to believe Li Feng.

Not only because Li Feng was his classmate, but also because of Li Feng's amazing skills during this period.

Sun Youwei has a bank card from Dayuan Bank.

Those of them who work in banks basically have bank cards from every bank.

We are members of the same family, and it is normal for each other to help each other open a card and complete a task.

After opening a futures account, Sun Youwei gritted his teeth and transferred yuan to Dayuan Bank, and sold all yuan short.

Of the yuan, yuan was the bonus he had just received, and he invested it all before it was even warmed up.

The other two hundred thousand was returned to him after Li Feng lent him money last time.

Although there was a principal of yuan in it, Sun Youwei didn't feel bad.

According to Li Feng, if crude oil futures really plummet, he will definitely make a fortune.

Moreover, without Li Feng, he would not have so much money.

Even if he lost money, for Sun Youwei, it was a loss of his principal.

Because of Li Feng's relationship, he can still get a huge commission next month.

Therefore, it doesn't matter to him if he really loses.

Wealth is in danger.

How can you make money without taking risks?

On the other side, Li Feng also came to Dayuan Bank City Branch.

Because there was a lot of money to be used this time, Li Feng didn't remember anyone he knew in Dayuan Bank.

So it is much more convenient to come directly to the city branch to do business here.

However, the city branch seemed to look down on him as a small customer.

After Li Feng walked into the branch, no one came up to ask him what business he wanted to handle.

The staff in the lobby are also lazy.