:21:00
l can get dollars from London to cover all
the client positions for the futures l buy!
:21:05
Nothing unusual about that.
But l'm gonna need yen.
:21:09
Gonna need yen to cover
the daily variation columns!
:21:12
Which'll leave a yen deficit
by the end of the month.
:21:15
Unless... unless l sell options.
:21:18
That'll generate commission in yen.
:21:21
And return the balance sheet
on the five eights account to zero!
:21:28
As long as London kept sending out
money to finance the client positions,...
:21:32
..l'd have enough cash to stay
on top of the margin payments.
:21:36
lt was like robbing Peter to pay Paul,...
:21:39
..but hopefully l'd end up making enough
to pay Peter back before he found out.
:21:44
Meanwhile l had to generate more and
more business to justify my cash calls,...
:21:49
..and for that l needed customers.
:21:52
The bigger the better.
:22:02
Mm-hm. Oui.
:22:06
Bon, tres bien.
:22:08
Mr Leeson.
:22:10
- l'm Pierre Beaumarchais.
- Nice to meet you.
:22:12
l work for the Geneva Banking Trust,
based in the Bahamas.
:22:16
l was speaking with Ang Swee Tian,
president of SlMEX.
:22:19
He's impressed by the amount of
business you've been generating.
:22:23
- There's a lot of opportunities here.
- Oh, yes.
:22:26
l do a lot of business on SlMEX.
:22:28
With the exception of George Soros,...
:22:31
..l probably trade in the Nikkei
more than anyone.
:22:34
Sometimes over 5,000 contracts in a day.
:22:37
That is a lot.
The whole market only does about 20.
:22:41
Could Barings handle
that amount of business?
:22:47
You bet we could!
:22:49
Beaumarchais was
the answer to my prayers.
:22:52
l'd be able to siphon off
enough commission...
:22:54
..to square the eights account
once and for all.
:22:59
- Hello?
- Pierre Beaumarchais.