Trump's save by Russian Gangster

At a meeting in front of bankers, Trumps appeared highly confident. He rhetorically cornered them in order to reschedule his debt settlement of USD 1.5 billion. In the fall of 1992, they accepted with a note. Trumps must sell all of his personal assets, including luxury yachts and private jets. He is also prohibited from being directly involved in the day-to-day management of his company. This means that the company is under the supervision of bank creditors. After that Trumps threw a big party for himself in Atlantic City to announce his comeback. At that time the name Trumps was very famous. His name is aligned with the celebrity world star. Party guests were given sticks with Trump's face glued to them so they could be photographed posing as famous real estate moguls. As the theme music from the Rocky movie filled the room, a host shouted, "Let's hear it for the king!" and Trump, wearing red boxing gloves and a cape, broke through the paper screens. One of his casino executives announced that his boss had returned as a "winner."

But that's just acting. Actually Trump is bankrupt. No more business community wants to do business with him. Bankers have blacklisted him. Because many times Trumps threatened them. He will take refuge from Chapter 11 of the bankruptcy law. Once a banker feels threatened it is bad news for others. Besides, in front of his big family his reputation is bad. Since the early 1990s, he has used up part of his father Fred's fortune on a series of frivolous business decisions. Two of its businesses have declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit which is the Trump Shuttle went bankrupt in 1992.

During the rest of the 90s, the plagued Trump did little to launch any major new business ventures (with a few exceptions, such as the Trump World Tower across from the United Nations, which began construction in 1999 and was financed by two German lenders, Deutsche Bank. and Bayerische Hypo- und Vereinsbank). “He took about 10 years off, and really like licking his wound and trying to recover. Until 2003, Trump urged his brothers to sell his late father's property. Even though it is very contrary to his father's message. After that the business continued to fail: In 2004, Trump Hotels and Casino Resorts filed for bankruptcy with $ 1.8 billion in debt.

But Trump eventually made a comeback, and according to several sources with knowledge of Trump’s business, foreign money played a large role in reviving his fortunes, in particular investment by wealthy people from Russia and the former Soviet republics. This conclusion is buttressed by a growing body of evidence amassed by news organizations, as well as what is reportedly being investigated by Special Counsel Robert Mueller and the Southern District of New York. It is a conclusion that even Trump’s eldest son, Donald Trump Jr., has appeared to confirm, saying in 2008—after the Trump Organization was prospering again—that “Russians make up a pretty disproportionate cross-section of a lot of our assets.” "

Former Trump longtime architect Alan Lapidus said that based on what he knows from the inner workings of the organization, following Trump's previous financial troubles, “he can't ask anyone in the United States to lend him anything. It's all out of Russia. His involvement with Russia is deeper than he admits. "

The foreign money initially came in the form of new real-estate partnerships and the purchase of many of Trump's condos, said Trump's former real estate partner who witnessed the transformation of the years and was then disappointed in Trump. "I think part of that is him poisoning the bank. I think he might also find out that personal guarantees [on loans] are not a brilliant idea either, "said a former business partner. “So he was saying to himself, ‘What else could I do in the world? I’ll just convince people to buy my brand.’ And the only people who were willing to buy it were tasteless Russians, people who like the absurd, ostentatious gold-leaf lifestyle he has. You’re not going to sell that brand to blue bloods in Greenwich, Connecticut.”

Or as another Trump biographer Gwenda Blair put it: “Trump is on the Titanic going down. Everyone drowns around him. … Suddenly he was saved. It is almost like a spaceship landing right next to its place in the water. "

Clearstream offers

Hong Kong dollar, Japanese yen and Australian dollar follow Singapore dollar/ Service helps customers to reduce funding costs. Clearstream, the International Central Securities Depositary (ICSD) part of Deutsche Bцrse Group, is the first ICSD to offer same day currency deadlines for leading Asian Pacific currencies: the Singapore dollar (SGD), the Hong Kong dollar (HKD), the Japanese Yen (JPY) and the Australian dollar (AUD). This means customers managing balances in these currencies will benefit from deadlines close to their local market deadlines. Clearstream has offered a same day currency deadlines in the Singapore Dollar since December 2008. The same day service has been extended to the Hong Kong Dollar on 2 March and will be extended to the Australian Dollar and the Japanese Yen on  March 2009.

This move is part of a drive by Clearstream to provide customers with Asia Pacific market settlement solutions as efficient as those offered in US Dollars, Euros and other major currencies and to materially reduce their funding costs. Due to time zone differences, Asia Pacific customers have been historically disadvantaged by the need to pre-fund or finance their settlement operations in advance of their normal cash management activities in Asia Pacific currencies.

Clearstream will complement the enhancements to its currency deadlines with the roll out of a same day settlement service in the Asia Pacific securities markets within the coming year. With the enhancement, Clearstream aims to make available the full range of its ICSD services throughout the Asia Pacific business day. The scope of services benefiting from the new environment include not only settlement itself, but also instruction validation, matching, domestic market instruction handling and feedback, instruction sequencing, provisioning, collateral allocation and substitution and customer reporting. These changes will enable Clearstream to significantly strengthen its commitment to the Asia Pacific markets where the company has been present since 1992.

Philippe Metoudi, a Hong Kong-based Clearstream Board member who is responsible for Clearstream’s Asia, Pacific, Middle East and African business said; “Serving Asia and serving our Asian customers are key priorities for Clearstream and we are constantly evaluating ways to strengthen our commitment to the region. Since we opened in Asia in 1992, the region has generated significant growth for Clearstream. With these changes, our aim is to complement our presence in Singapore, Hong Kong and Tokyo with an offering that makes all our services available throughout the local business day”.

Details of the currency deadline changes:
The customer deadlines for pre-advices and withdrawal of funds in HKD, JPY and AUD have been considerably improved. For these currencies it was previously 15:00 central European time the day before the transaction. For HKD, it is now 07:00 central European time (CET) of the day of the transaction. The equivalent local Hong Kong time is 14:00 during European winter time and 13:00 during European summer time. For JPY, it is now 4:30 (CET) of the day of the transaction. The equivalent local Japanese time is 12:30 during European winter time and 11:30 during European summer time. For AUD, it is now 5:00 central European time (CET) of the day of the transaction. The equivalent local Australian time is 15:00 during European winter time and 13:00 during European summer time.

Clearstream

Clearstream is an international central securities depositary (ICSD) headquartered in Luxembourg and is an integral part of Deutsche Bцrse Group, the world’s largest exchange organization when measured by sales revenues. Clearstream offers settlement and custody services for bonds, equities and investment funds to more than 2,500 banks and financial institutions worldwide. Clearstream currently holds Ђ 10 trillion in assets under custody. Clearstream Banking S.A. has long-term credit rating from Standard & Poor’s and Fitch of AA