- 2 days ago
In this channel we explain the stories of Hollywood and Bollywood movies in Hindi / Urdu. We watch the films, and summarize them with simple appropriate words. We edit the videos with passion so that we provide you guys with the best available audio-visual experience. In very less time, you'll get the summary and complete story of a the most interesting films around the world.
Category
🎥
Short filmTranscript
00:28Hello friends, welcome back to the movie Eko.
00:30Then his boss Tony sent him to another branch in Jakarta, Indonesia, as a field worker.
00:35Sends difficult documents to be handled.
00:38Nick arrives there and discovers numerous irregularities in the operations. There are numerous discrepancies in the bills and receipts.
00:44There were irregularities, and customers were not paying those bills on time.
00:49These accounts were causing the bank to lose approximately $100 million.
00:54Showcasing his talent, he single-handedly processed all the bills and reconciled all the accounts with the customers for payment.
01:01pressured them to do so. Just watch.
01:15He invites her to dinner to enjoy some Asian cuisine. This is how they get to know each other.
01:20They fall in love. Nick is very happy because he's no longer alone and his work is done.
01:25It's over. Nick and Lisa are now
01:27They grow even closer and let it remain between them. For a few months,
01:33Nick later married Lisa, and their wedding was celebrated by all his co-workers.
01:39Later, the bank trusted Nick and appointed him as the singe
01:57And this very fact would later become the real cause of his downfall. Now the question remains: why and how?
02:04We'll find out later in the story. Well, a week later, Nick meets with Simon, the head of the branch.
02:10He asks him to form his own team.
02:14Simon had complete confidence in Nick, but he had to keep his expenses low.
02:19He also issued strict instructions to reduce the number of employees and hire new employees at lower salaries.
02:24had to hire novices who had to
02:40The bank did this by buying stock futures contracts on the Singapore Exchange and then selling them on the Tokyo Stock Exchange.
02:46He was tasked with trading futures contracts to generate profits. In the 1990s,
02:53Where trading was done amid finger gestures and noise
02:57For example, the palm facing inwards meant buying and the palm facing outwards meant selling.
03:02The atmosphere on the trading floor was as if nothing had happened.
03:05There was chaos all around
03:08This significantly increases the likelihood of mistakes.
03:11Nick keeps a record of his trading mistakes.
03:14Created a secret account
03:15whose number was double eight triple eight
03:18This was a common process in the Settlement Department.
03:20But this secret account ruined the entire Barings Bank
03:24But how, we will find out later in the story.
03:27Apart from this, the transaction that was to be done
03:30It was not to be done in the name of the bank but in the name of the customers.
03:34Because trading in the name of the bank was not a bonanza
03:37Now that Nick's team was fully prepared
03:40They step onto the trading floor
03:42They were mainly trading nicks, indices, features and options on the Singapore Exchange.
03:47Nick contacted people at the Tokyo Stock Exchange to help with lending.
03:52And ensure that they get maximum profit from what they are going to buy
03:57This is how Nick and his team made their first profit
04:00Nick then returned to the office and spoke to his colleague named Susie.
04:04Double eight, triple eight, asked to check that error account of the number
04:09and asks Susie to give her report to Nick at the end of each day
04:13Well, this is how Nick's work continues.
04:16And in no time he makes a lot of profit.
04:18But as they say, man is a bundle of mistakes.
04:22On July 17, 1992, one of his team members, Kim, failed to understand Nick's signals properly.
04:28And instead of buying 20 Fuji Bank slots, he gave away 20 slots.
04:32What cost Nick $20,000 that day
04:35Now, in order to save his repetition, he
04:37Instead of informing Simon about it
04:40Nick credited this incorrect transaction to the error account.
04:43And started manipulating to compensate for the loss.
04:46At night, Nick and his team go to a bar for drinks.
04:50But Kim was very sad about the losses her account had caused to the bank.
04:54Nick tries to calm her down.
04:57And he says that anyone can make mistakes in this work.
05:00But Kim was feeling so guilty inside that she eventually left the team.
05:04Well, now Nick tries to cover that loss by doubling his bet as soon as the market opens on Monday.
05:10Is
05:10But the market went against him, increasing his losses from $20,000 to $7,000.
05:16Now instead of reporting it to the headquarter, he asked Suji to put those losses in that error account.
05:22asked for
05:22Now, to cover the losses, he started using customers' funds.
05:27A few days later, Nick and his team returned to the stock market.
05:31He started trading again but then another trader, Joe, made the same mistake as Kim.
05:37And where he was told to sell, he bought it.
05:40Due to the chaos and commotion on the floor, many trading vouchers were not filled.
05:45Nick returned to the office and asked Suzy to enter the $10 million loss data into the error account.
05:51asked to do
05:52Now Suzy was very surprised about Nick's words because if Simon found out, Nick would be fired from his job.
05:58could go
05:59But Nick remained calm because he thought everything would be fine provided the settlement was done properly at the end of the month.
06:04Lets do it
06:05Now he plans to use the client's money to compensate for the loss incurred by the bank.
06:11made a plan
06:12Every day Nick waited for the right time to buy
06:15Because entering trading at the right time is the hallmark of a successful trader.
06:19Meanwhile, Nick's losses continue to mount, and this is why Suzy comes to visit him.
06:24as losses reached US$18 million
06:27And the problem here was that to cover the margin
06:31The client's account balance was also running low.
06:33Now Nick needed more money to secure the margin
06:37So that his position remains intact and the bank does not know about the loss incurred by him.
06:42Nick then visits Peter, the head of the Geneva Banking Trust.
06:46Joe has been interested in Nick for a long time because Nick has led Barings Bank to rapid growth.
06:52Was
06:52Peter asked Nick to handle 5000 contracts in one day.
06:56Of course Nick was overjoyed because Peter was the solution to his current problem.
07:01The next day Peter called Nick and asked him to buy 4000 futures contracts for the next month
07:08Nick was very happy because if he succeeded, he would not only compensate the bank's losses but also
07:13He would not only get it but also get a commission.
07:15Nick immediately assembled his team to outsmart other traders and drive down the price of the stock.
07:21drop and then he can buy immediately to make huge profits
07:25Now Nick and his team started trying to continuously bring down the index price and when the price started coming down
07:31Seeing the right opportunity, Nick suggests buying his team and they make a huge profit.
07:37Let's take
07:37Now luck also started to favor Nick with his decision to hold shares on the Tokyo Index.
07:42It benefited him because that index was consistently
07:45Nick, who had almost given up earlier, now became very ambitious and enthusiastic because the bank
07:54The loss was recovered and Nick received a substantial commission.
07:57This success makes Nick Singapore's number one trader and he becomes so famous that
08:03People often started asking his opinion about stocks.
08:05If he had stopped here, he could have lived the life of a successful trader without doing anything.
08:11Actually, his work was not very risky. Firstly, he was buying and selling financial derivatives for his clients and secondly,
08:17Arbitrage trading for the bank by exploiting price differences between different markets
08:23Well, now Nick faces another new problem.
08:26Peter now suggests investing his money with another trader.
08:30Now to maintain Peter's trust, Nick decides to buy 6500 contracts.
08:36But his team warned him not to rush into it as he was taking a big risk.
08:42If the index had fallen, Nick would have suffered huge losses.
08:45But Nick ignores his words and takes the trade with full counts.
08:51Ultimately, Nick faced what happens to every trader when they don't understand the market properly.
08:56Analyzes hasty trades
08:58Now the market starts going against Nick and soon he starts incurring huge losses.
09:04Meanwhile, Peter went to another trader, which increased Nick's problems even more.
09:09Nick was now in a tight spot and finally asked Suzy to reopen the error account.
09:14Said
09:15and requested the finance team in London to send the money for month-end settlement
09:20Simon then calls Nick to his cabin, believing that he has now discovered his misdeeds.
09:25Is
09:25Nick was unsure of what to do, but his guess turned out to be wrong.
09:29And because of his performance, he received a bonus of one hundred and thirty-five thousand dollars.
09:33The meaning was clear that the bank had not yet discovered his misdeeds.
09:36Simon also explained that the reason for receiving such a huge bonus
09:40Their accounts will be audited which is just a requirement.
09:43Hearing this, Nick's happiness turned into trouble.
10:01And this increases the scope for fraud in reports.
10:04Then the next day Simon told Nick that due to a disagreement in the headcourt
10:09Barings Bank recalls audit team
10:11But this was only a moment's respite; he had three big challenges ahead.
10:15First, how will he recover the loss of crores? Second, how long will he escape internal audit?
10:20And thirdly, experts were starting to notice his suspicious trading.
10:24And people started asking about the error account.
10:27Well, Nick finally breathed a sigh of relief because he was saved from being exposed.
10:32He then goes to a bar to have a drink with Jaws.
10:36Where he coincidentally met a trader named Steve
10:40Steve had been wanting to meet Nick for a long time because he was very impressed with Nick's work.
10:45Now, a few days later, Suzy told Nick that the company had so far lost US$77.8 million.
10:52The damage has been done
10:53To make it stick, Nick asked Suzy to create a fake report.
10:56making it appear that the Singapore Exchange owes a debt
10:59And Nick asked Suzy to keep the records as neatly as possible
11:03so that the headquarter does not get any clue about it.
11:05Then Danny, a coworker of Nick's, calls him and says
11:09There is an order from the headquarters that it has to earn a profit of 2 million dollars by next month.
11:13So that his employees could get bonuses, now this increased Nick's problems even more.
11:17A few days later, Nick went to London with Danny.
11:20And met the general manager of the bank and asked for more funds
11:23Because he needed more margin to continue trading
11:39Nick felt he wouldn't survive this year's audit.
11:42And if caught, he was sure to go to jail.
11:44Simon then calls Nick and shows him a letter.
11:47Which came from Singapore Exchange
11:49In which it was written that through Nick bank account
11:52Funding for trading is a violation of the rules.
11:55Simon also asked him about that error account.
11:58And Nick calmly explained
12:00that it is a client account
12:02trusting him
12:03Simon asked him about those allegations.
12:06asked to give clarification
12:07Nick turns around and looks
12:09that Liza is sitting in the bathroom because
12:12She just had a miscarriage
12:14Nick immediately takes her to the hospital.
12:16After some time the doctor tells him
12:18that he could not save the child
12:20Nick is overcome with grief upon hearing this.
12:22Nick was now in a very difficult situation.
12:25On the one hand, his wife's miscarriage
12:27So on the other hand, that office report
12:29Which he has to give to Simon as soon as possible
12:31The next day, Nick Danny
12:33Asked to convince the account manager
12:34So as to cover the margin and meet the minimum equity requirement
12:37to complete
12:38He can get another 30 million dollars in funding.
12:41However, the bank did not agree to this.
12:44And he demanded that Nick elaborate first.
12:46Explain what's really going on
12:48Then Danny calls her and tells her
12:50That this time due to tight budget
12:52They are given less bonus
12:53Nick became furious upon hearing this.
12:56Because he felt that the bank was paying for his hard work.
12:58He doesn't appreciate it even a bit
12:59While he worked day and night
13:02Next day Nick Singapore
13:04I started waiting for that decision of the Stock Exchange.
13:06used for trading
13:08was about the source of funds of the bank
13:10Luck favors Nick
13:12and considering his action a minor violation
13:15He was fined only $200.
13:17So he escaped once again.
13:19And then Nick and his friends
13:21celebrates this
13:23But only a few moments of happiness had passed.
13:25Suddenly, I got a call from the bank's audit team.
13:27He asked about that report.
13:29In which it was said that on the stock exchange
13:31The bank has 1.14 billion outstanding
13:35Nick was asked to send those documents
13:49Now at night, after everyone has left
13:51Nick started the business in the name of Singapore Stock Exchange.
13:53prepared a fake letter
13:55In which the outstanding amount was mentioned
13:57He copied the letterhead and signature
13:59Paste it into your document like this
14:01It looked so real
14:03The documents are finally ready
14:05But just as he was about to leave
14:07Suddenly Simon was there to see Adam.
14:09Nick is terrified to see her.
14:11Simon also questioned him about the missing money.
14:14But Nick explained it so cleverly.
14:16that Simon believes her words
14:19Nick then calls Susie.
14:21For the On It Team report
14:22Transfer money from client's account to bank account
14:25asked to transverse
14:26Susie then tells him that this much money will not be enough
14:29Then Nick said
14:30We only need transaction reports.
14:32Because we just had a transaction.
14:34He needs to submit his report
14:36It doesn't matter if you actually have the money or not.
14:38Tony called Nick in the morning.
14:41and asked about the auditors' report on the documents provided by Nick, initially Tony Stock Exchange
14:46She was a little confused about the outstanding amounts, but Nick explained it to her in a way that convinced her.
14:52He thinks that whatever Nick is doing is right, after some time Steve gives Nick the news.
14:57asked to look, he saw that
15:01They started because this was sure to cause the Japanese market to collapse and Nick was going to suffer huge losses. Now Nick
15:07His mind stops working because he could not understand what was happening with this huge bank loan.
15:12How will he compensate for the loss? Nick is completely devastated.
15:28And Nick had no idea how big a loss he had suffered when he reached the office.
15:33When he calculated the losses, he found out that he had lost $11 million in a single day.
15:39Seeing this, the ground slips from under his feet, after which Nick returns to the headquarters.
15:44contacted to send more money and prevent losses due to the Japanese market collapse
15:50But Nick's repeated demands irritated Danny and he asked Nick to close his position.
15:55Of course, Nick wasn't ready for this because he was a trading jargon
15:59wanted to keep it and hoped he could make up for the loss, then Danny told him that he
16:05People are sending a team to Singapore to closely examine all financial reports, as there are continuous heavy
16:11They became suspicious of him for asking for funds in Matara.
16:14The next day, Nick finally confessed to Steve that he had caused the bank a huge loss because
16:21He couldn't understand what he had done, and Steve was stunned to hear this because
16:25He thought everything was going well,
16:42Papas went to the stock market and started watching the index to ensure it remained at the 18,000 level.
16:47Nick was very happy when the value of the index started increasing but in the blink of an eye it started falling.
16:53Just then Tony came there and talked to him about the reports but Nick immediately slipped away from there.
16:58Nick woke up an hour later because he had fallen asleep there. When he woke up he saw
17:03That the index fell from 18,000 to close at around 17,600.
17:07This meant Nick had suffered a significant loss. From there, Nick went straight home and Lisa
17:12He prepares to flee Singapore with Nick. On the way, he receives a call from Danny, who has been
17:18His actions were beginning to raise suspicion. Nick talked as much as he could.
17:21tried to hide and then threw away his phone so that no one could contact him and the bank
17:27He managed to escape before the truth was revealed. A few days later, Nick saw his photo in a newspaper.
17:32sees that it was written that a gambler who
17:51Such a big bank was ruined, he was sad and regretting his actions because now he could not do anything.
17:57could not be returned. On the other hand, the bank owners hired top officials to save Barings Bank.
18:03He called a meeting
18:18Nick decides to go to Europe with Liza, who is very wary because his face is in the newspapers.
18:24It was published, Lisa asked him to behave normally so that no one would suspect Nick.
18:29I was praying that he would get immigration
18:31They escaped to start a new life in Europe and then arrived in Germany a few hours later.
18:37Just then, Nick sees the police approaching the plane to check passports, just as Liza
18:42When his turn came, the police identified him.
18:44And when asked about Nick, Nick himself surrendered to the police.
18:50Nick was sentenced to six and a half years in prison for fraud and forgery.
18:54Liza started working as a flight attendant in an airline, hence it is said
18:59The stock market is a very dangerous thing; it can change your life or ruin it in an instant.
19:05Therefore, responsibility and this
Comments