1:08:01
Everybody's had an advance margin call
from SlMEX on their client positions.
1:08:05
They're worried about stability
with these big movements.
1:08:08
lt's an emergency measure(?)
1:08:11
lsn't everybody squealing out there?
1:08:13
No, we'll get it back
when the market calms down.
1:08:17
Nick, when are you gonna
reduce these positions?
1:08:20
The bean counters are freakin' out!
1:08:22
Ron! Didn't know you were there.
1:08:25
For fuck's sake, we've had
the Bank of lnternational Settlements...
1:08:28
..asking if Barings can
meet its margin payments!
1:08:31
- lt is not good for the image!
- l hear you, Ron. lt's a tight market.
1:08:34
Yeah, well, you've really gotta try.
1:08:37
Take a hit on it if you have to.
1:08:39
l know Norris is gonna want to discuss it
with you when he's out there next week.
1:08:43
Norris?
1:08:45
- l didn't know he was coming.
- Yeah, with Tony Hawes.
1:08:48
They want to check the numbers. lron out
these funding problems once and for all!
1:08:54
(thunder)
1:08:57
There was no way l could reduce my
positions without the market collapsing.
1:09:01
By the time they got to Singapore l was in
deeper than ever, faxing Brenda daily,...
1:09:06
..30, 40 million dollars at a time.
1:09:10
They were gonna kill me.
1:09:34
Lookin' like shit, Nick.
1:09:37
Lookin' like fuckin' shit, mate.
1:09:46
- Good evening, sir.
- Good evening.
1:09:51
(laughter and chat)
1:09:55
(Hawes) His approach shot
sliced into the woods...
1:09:59
- Nick. There you are.
- l'm sorry l'm a little bit late.