Chapter 10: First Part / Chapter 10

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Status: In Progress  |  Genre: Thrillers  |  House: Booksie Classic

Reads: 83


So, Banque de Morales is very different from other banks in the Paris market among a company’s internal organization. It’s a feature: the absence of third-party collection agencies. Each bank is engaged in risks every time they are lending. If a loan is not paid on time for some reason, the first thing is banks try to call debtors using their first-party staff.

If this is ineffective for some reason, but the bank doesn’t want to sue to recover the debt from the debtor, then they would sell the debt in the order of its recession. A certain third-party agency itself pays the bank what the debtor didn’t pay. The agency that owns the ceded debt requires four times more money from the debtor, at least. But Morales doesn’t cooperate with the outside collector agencies. He deals with risks a little differently.

Morales owns two companies:

Banque de Morales. Non-public (formally) private company, has branches in many French cities. Information on the number of corporate and private clients is open, as well as on the nominal capital. Information on the number of shareholders is closed.

Signe d’argent. (French: Money’s Mark.) The company is engaged in issuing loans to unreliable individuals and legal entities not for Banque de Morales. This company is not a bank.

The company offers loans to legal entities only. Pierre Morales prefers not to waste time on checking ordinary people. There is no guarantee that someone would not be fired and so on. The bank mainly lends to business and offers people only deposits or loans through the company’s subsidiary, represented by Signe d’argent.

But the bank has a high level of distrust in business. In the beginning, everything develops according to a simple scheme: customers call Banque de Morales and voice their goals. By the phone, employees are trying to decide whether to give them a loan or not. Regardless of the answer, bank employees say they will call back. If they didn’t like the client for some reason, they say the same, but they won’t call.

At the beginning, Nicole doesn’t know who Pierre Morales is, what his bank is famous for, and according to which rules he plays.

* * *

At the training, they read an introduction to each topic, and then the ‘students’ form their interests.

The first topic. Legal aspects of economic activity as well as economic crimes.

As Pierre said, his bank is not a university, is not an equivalent of legal or any other education. However, in his opinion, every economist should be a bit of a lawyer. Contents;

1. De facto. Activities that are not formally permitted, but not prohibited. In other words, it’s not a crime. As well as De jure as an activity regulated by the law,

2. Collision Law and quid pro quad. The use of contradictory laws for personal gain,

3. Criminal loans and Criminal bankruptcy. The last thing is receiving a loan with the promise of allegedly fulfilling economic obligations to the creditor with an imitation of quasi-bankruptcy to rob a bank in a legal form,

4. Legal cases of on-demand evasion from debt repayment. Change of address, place of residence before the arrival of bailiffs.

By the way, under ‘normal’ conditions, the police are investigating this one, at will the creditor’s organization. Pierre Morales is so good that he prepares specialists who can investigate such cases. The economic department of the police in miniature, subordinate to one person and investigating only the affairs of his bank.

Nicole, moreover, draws attention to the subject of ‘Collision Law’ and even sees some in Pierre’s activities. ‘It’s not an educational institution, but it gives instruction in professional skills with a kind of subjective examination.’ Homegrown lawyers can know one course in depth but fail five others.

As negative factors: it leads to an underestimation of the level of economic crimes in France. The bank doesn’t call the police on this kind of crime. Therefore, formally nothing is known about the criminal credits in it.

As a result, lawyers, journalists, and then all people (through the media) receive less part of the information on economic statistics. Formally, the laws of France do not prohibit independently investigate of any crimes (de facto). Why there are millions of people willing to carry money to psychics-schizophrenics or prudent scammers instead of contacting professionals. They allegedly can find those murderers.

Of course, this fact does not seem so negative according to Pierre’s logic. Reporters can also dig at any usual or legal persons, writing or discussing their abuse. Nicole, however, believes that reporters do not interfere with the police’s work. They don’t affect the statistics in any way, but rather do more righteous work—investigate crimes.

Arrange the work and possible sources of financing of the bank. This is not the course’s topic, but it’s a series of logical conclusions that Nicole made.

What money can finance this bank? It’s no secret that the media, for example, live off advertising revenue. ‘Banks as such’ live, on the one hand, at the expense of the investments of one or another businessman. Also, the started nominal capital, the interest rate on loans (which, if it’s an advanced bank, can be very large, but not vice versa).

Banque de Pierre Morales is not funded by third-party business or investors, nor by a high-interest rate. But then the question arises: how does he do all this and where does he find fund for all kinds of training?

The scheme works in the following way. The bank provides loans only to corporate clients—business. Private individuals aren’t interested in this bank. The fact is that economically when lending to private people, risks are higher. In this case, the interest rate had to be higher. There would be risks with businessmen, but they are much lower. After all, it’s more difficult to verify the reliability of a private individual.

In addition, Pierre is trying in his own way to deal with criminal loans. According to statistics, companies of a certain level take them;

1. The small size of nominal capital,

2. One employee—or no employees at all, except the CEO,

3. The company appeared recently, usually no more than one month ago,

4. If the company sells goods, and the entrepreneur cannot really tell where the goods warehouses, or even what type of goods are being sold or stored.

(All these are signs of scam companies created for criminal loans.)

He began to fuck off any small individual entrepreneurs. In his opinion, check the truthfulness of these entrepreneurs is impossible. Conducting a flexible lending policy, he significantly reduced risks, and he usually does without collecting agencies. He doesn’t enter into a contract if there is not at least 70% confidence that capital would be returned. He doesn’t need collectors of debts.

With all this, he earned so much money that he could well spend it on ‘training’ for bank employees. Or, Nicole didn’t rule out this version either, that his company is not so self-financing, and he has something to hide. But she didn’t know about it for sure.

The second topic. The intelligent seeking of any specific information in the search engines.

Nicole learns to search all sites where is the same document. To do this, enter into the search engine ‘the exact text fragment of five words’ in quotes, and click ‘search’. She is taught to look for information from sites that have been deleted by the owner. Almost everything is in the Wayback Machine. (In the Internet Archive.)

Occasionally, something permanently can be removed by the appeal of some major lawyers of mega-corporations. Of course, they aren’t simple entrepreneurs or private persons.

Other information is in the search engine cache, but it’s stored for only a month. Nicole learns to look for copies of the same photo. For example, does the alleged photo of lottery win really belong to this person, or is it some British biologist whose photo was simply stolen?

The third topic. Work with audio and sound recording.

The fourth topic. Skills in being a secretary writing in native and foreign languages.

Holding a pen and notebook in her hands, Nicole learns to very quickly write down the text spoken in her native and foreign language, even at a quick pace. The need to prepare secretaries is due to the fact that some businessmen talk at an average and fast pace through monologues. They don’t give time to ask key questions.

According to the businessmen themselves, they are becoming more convincing. Using the techniques of sophistry, they move away from criticizing the dubious part of their proposals and plans. This is often found when discussing plans for corporate lending in the bureau: if the businessman had passed the previous selection.

Ideally, every bank employee should have the skills for a quick transcript and two notebooks of 48 pages. A standard secretary is not enough: each employee keeps their transcript, notices weaknesses in the presentation and asks their questions, rather than looking for something in the transcript from one secretary the next day. It speeds up the deal. In addition, businessmen can even refute things they said yesterday.

Nicole asked some leading trainer. Why do they need transcribing skills if they basically have voice recorders? She was told that it happens that their employees come to the bureau, and they are specifically told that the use of voice recorders is prohibited. Transcribing is usually not subject to restrictions because it does not copy the accent, voice, etc. This document is produced by the person who writes, and not the one who spoke.

The fifth topic. Classes of a foreign language with a native speaker.

Nicole improves the grammatical structure, the accent (in the direction of Berlin), studies accents in other cities and even countries.

All this can be used to confirm that the client is not reliable (for example, if a Frenchman impersonates a resident of another country and calls in another language). In Western banking with EU-specific migration, knowing another language and supposedly ignorance of the state language is a frequent cover for a criminal loan that is not paid.

She must say that they give an intensive, which is very difficult to digest even a diligent student.

The sixth topic. Study of money and documents with the use of infrared equipment.

Nicole is learning to use specialized devices to detect counterfeit money and documents. At first glance, this is the only topic that is directly related to the work of the bank.

Submitted: June 16, 2019

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