Sunday, December 22, 2013

Conflict On A Trading Floor Essay

Conflict on a Trading Floor (A) And before a blind person you shall not put a stumbling block. -Leviticus, 19 Background From March of 1986 through May of 1988, I worked on The FirstAmerica Banks important trading floor in naked York. I began as an assistant and eventually became a sales representative on the non-dollar differential products desk, where futures, options, and other items whose values are base on another(prenominal) security are traded in foreign currencies. I narrow down in cross-currency interest rate swaps. As an assistant, I had worked with tierce vice presidents, and particularly resolvely with a sort out salesperson named Linda. In fact, Linda had been instrumental in recruiting me to the bank in 1986. She had a reputation on the floor for her extremely mercurial and irascible nature, but was highly respected for her ability to nigh(a) deals. She was actually aggressive, both in pursuing forward-looking caper and in ensuring that she receiv ed full accredit for any useful deeds. afterward about six months on the job, in kinfolk 1986, I began to work with Linda on a new relations for ane of her largest accounts, Poseidon Cruise Lines. I had assisted her with a turning of clients by that point and had become familiar with her working habits and idiosyncrasies.
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During the twelvemonth and a half that Poseidon had been a client of FirstAmerica, Linda had developed a close relationship with the treasurer and the chief financial police officer of the canvass lines. Poseidon had transacted many small, simple deals through FirstAmericamostly short-ru n financial backing transactions that invol! ved borrowing $20 million or $30 million from a credit line. The new Poseidon deal, however, was the largest transaction I had seen at the bank and it had a fairly knotty structure. Essentially, Poseidon desireed to finance the construction of a new cruise ship to be built by a cut shipyard. The ship would be one of the largest and most idealistic in their fleet. Construction was to be completed over a five-year period...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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