:13:00
They'll ask for more money if the market
goes against us. That's variation margin.
:13:04
Got it. l think!
:13:09
We need to open an errors account.
We've had a few mistakes.
:13:13
l need somewhere to put them
till l can write them out.
:13:16
Sure. What number shall l give it?
:13:18
- Well, what's your lucky number?
- Eight. lt is a very lucky Chinese number.
:13:22
And how many numbers do we need?
:13:24
Five.
:13:26
Then let's give it all the luck it can handle.
Call it the 88888 account.
:13:50
And now it gives me great pleasure to
welcome the chairman of Barings Bank,...
:13:56
..Peter Baring.
:14:06
We may be the oldest
merchant bank in the world,...
:14:09
..but that's no excuse for
not keeping up with the times.
:14:13
When l became chairman,...
:14:15
..l realised we couldn't go on running
Barings like a gentlemen's club.
:14:19
We had to look beyond
our traditional recruiting grounds,...
:14:23
..the old school tie,...
:14:25
..to seek out a new and hungrier breed.
:14:29
We're beginning to see the fruits
of those efforts, and l have to say,...
:14:34
..the recovery in profitability, since
the reorganisation, has been... amazing.
:14:39
To be frank, l've discovered
it's not actually terribly difficult...
:14:44
..to make money
in the securities business!
:14:56
Filled.