FX Senshi Kurumi-chan - Vol. 7 Ch. 34

[MangaDex]

 

[ErikTheRed]

Pain

 

[angelinvestor]

You can support me at patreon.com/yunamai
See you next chapter.

 

[Blabladodo]

Thank you, this chapter was art.
We saw 3-4 stages of the seven stages of grief through art alone in a single chapter and it was glorious.

 

[dse14th]

This is the END right ?

 

[Maiorem]

This is the END right ?

Not yet. The manga is still ongoing, and chapter 42 was just released last month, with chapter 43 releasing in 5 days.

 

[hourai]

Brutal, but yeah that's x24 leverage for you... that's some modern icarus level fall.
Now the "survival" tag for the manga seems more relevant than ever

 

[azudai96]

And that is when I yelled out audibly. Thrilling stuff this!

Cheers for TL 💖

 

[cromat]

someone explain to my smol brain, kurumi is just back at 0 right? not like megumi where she kept borrowing money and had to go do massages

 

[FeudalGrass]

someone explain to my smol brain, kurumi is just back at 0 right? not like megumi where she kept borrowing money and had to go do massages

Not 0, she is in the negative now, as the forced liquidation didn't work properly in the EURCHF crash before it is too late.

So 101 million yen in debt

 

[cromat]

Not 0, she is in the negative now, as the forced liquidation didn't work properly in the EURCHF crash before it is too late.

So 101 million yen in debt

idk how thats possible cuz it sounds ripe for abuse

some guy can just have a homeless guy be on the other side of hte trade and make the homeless guy lose 100 million and he gains 100 million, homeless guy declares bankruptcy or whatever and they each split 50m

 

[ikhwan26]

idk how thats possible cuz it sounds ripe for abuse

some guy can just have a homeless guy be on the other side of hte trade and make the homeless guy lose 100 million and he gains 100 million, homeless guy declares bankruptcy or whatever and they each split 50m

in normal condition you would be forced to sell once your account reaches 0 (actually you need several% deposit so you'll still end up with positive amount of cash)
this "0" line is what mochiko saying about 1.16 price line, however no one offer to buy at that price (which means you can't sell your asset at that price) which forced kurumi to sell at ~0.85 and end up with negative cash

 

[FeudalGrass]

idk how thats possible cuz it sounds ripe for abuse

some guy can just have a homeless guy be on the other side of hte trade and make the homeless guy lose 100 million and he gains 100 million, homeless guy declares bankruptcy or whatever and they each split 50m

No, the money still has to be borrowed somewhere.

In this case, Kurumi initially had 18 million, and made an x24 leverage (basically borrowing to 24 times the amount you have) and got total of 432 million to buy, it still has to be borrowed from someone.

Normally she would just be forced to sell when she loses more than her initial 18 million (price falling down to ~1.16).

But in this case, no one was willing to buy, so the forced liquidation is useless, and she ended up in debt.

 

[DesertStorm]

And...That's a margin call!

IT'S OVER!!!

Here's someone experiencing it in real time just a few days ago for fumbling a trade worth millions:

https://finance.yahoo.com/news/why-sarepta-therapeutics-inc-srpt-090100568.html

 

[afortuneforetold]

idk how thats possible cuz it sounds ripe for abuse

some guy can just have a homeless guy be on the other side of hte trade and make the homeless guy lose 100 million and he gains 100 million, homeless guy declares bankruptcy or whatever and they each split 50m

Congratulations, you (re)discovered bankruptcy fraud!

No there isn’t much abuse possibility here, what you’ve proposed is basically a much more convoluted version of bankruptcy fraud where there are much simpler options that aren’t tracked and audited by the SEC

 

[Hem]

Page 22, so the F stands for "Floyd", Naruhodo.
Well played, Japan.

 

[SiliconSignatureSwissChair]

Let's not talk about my bet on Parolin went the way of EUR/CHF pair in 2015

 

[BobBob]

Jesus, Kurumi's panic attacks. And horrific debt.

 

[skylithos]

Seeing Kurumi get panicky like that really turned me on. Couldn't wait to see how far she suffers.

 

[Bootybug]

At this point just flee country.