Market Discussions

Good day all!

The BP Bank is looking to provide angel investments to corporations, individuals, and alliances as needed. We don't care what you need the isk for, because the loans 'will' be collateralized. You take the isk, do what you want with it.

Need an emergency injection of isk? We've got it for you.

TERMS:

- Loans will be in 100 million isk increments. Our preference is 1 billion isk increments, however, we will loan out smaller amounts as we're new here and want to build a reputation.

- Collateral will be in the form of sellable merchandise.
* We will not accept collateral that cannot be easily liquidated on the markets or contracts
* We will give you isk equal to the market price of the collateral minus 15% (to allow for variations in markets if you default)
* Collateral will be exchanged for the isk all at once (not piecemeal) via a single private contract.
* We reserve the right to liquidate any collateral within 24 hours of a defaulted payment
* We will accept rigged starships as collateral for obligations

- Interest
* All loans will carry a 15% simple interest rate, due at the end of each month for the duration of the loan
* Example: We loan you 100 million isk. Your monthly interest payment is 15 million isk unless principal is paid down
* You will receive monthly statements via Evemail
* You are welcome to pay down principal on the loan at any time, or pay it off in 30 days. There will always be at least one interest charge of 15%

- Payments
* Your payments will be due exactly 30 calendar days from the date the loan is made
* Failure to make at least the interest payment by the due date will result in default

- Return of collateral
* Once all required interest payments are made and the principal of the loan is paid in full, all of the collateral will be
returned via contract at the same time the final payment is made
* Even if the collateral has increased in value, you are only responsible to pay the original principal amount

- Financial Backing
* All loans are backed by the financial power of the Basgerin Pirate corporation
* Our isk flow is generated through commercial trading, pillaging and piracy, and moon material harvesting
* The BP Bank has well over 200 billion isk in static assets as well as needed for additional investment

- Applying for a Loan
* You must post your loan request on this forum thread. Again, we do not care what you want the isk for.
* In your request, please include the collateral you will put in contract for the loan
* In your request, please indicate how much isk you need
* We do not care how long you need to keep the loan active, so long as interest is paid monthly

- Restrictions
* If it is determined you attempt to 'scam' the BP Bank during the collateralization process, you will be ineligible for any loan in the future

- Why Use Us?
* We don't care where your assets are. If they're in null sec, no problem. If they're in a restricted null alliance station, no problem.
* If you're in null and need cash immediately and don't want to wait for your items to sell (or can't), we will buy your items. Just at prevailing empire market rates. You get cash immediately and retain your assets in null. No problem.

Please Evemail me in game "Jenna Corinth" or message here on this forum thread if you have any questions or concerns.

If that is the case, then no one will take advantage of the service, we issue no loans against the 20 billion, and we will move to find a different service to provide.

The market will as always...decide.

commonly collaterized loans account for market fluctiations with a -10% of value loan for normal items, you're upping that to 15

and you're about 3-5x more expensive then simply posting a collaterized loan request on this very forum....

Pretty absurd interest rates. Try the market rate of 2-4% instead and you might not have to rely on idiocy and ignorance for your customers.

Thoroughly agree when I'm lending. Not so much when borrowing

I will post here and EVE Mail you.

I can deal with you since you fall into my rates.

I have a few concern about the null offers though.

- Why Use Us?
* We don't care where your assets are. If they're in null sec, no problem. If they're in a restricted null alliance station, no problem.
* If you're in null and need cash immediately and don't want to wait for your items to sell (or can't), we will buy your items. Just at prevailing empire market rates. You get cash immediately and retain your assets in null. No problem.


*1:
If you don't care about where my assets are, how can you get the collateral sold if I default on the loan?
I am starting to wonder if it is possible to sell them in the station they are at without access.

... If they're in a restricted null alliance station, no problem.
That is just what I am wondering about as described above.

You get cash immediately and retain your assets in null. No problem.
*2:
If that is the case, I can include a few more million worth of assets in the items collateral offer.


- Restrictions
* If it is determined you attempt to 'scam' the BP Bank during the collateralization process, you will be ineligible for any loan in the future

*3:
The above is one of the part that I am most concerned about:
What is the basis of your determination?

Can we negotiate some further details to lower the risk of being determined as attempting to 'scam'.
What is your definition of attempt?

My concern resides in the risk of being misjudged due to poor negotiations or as its results.


4.
I have additional concerns about the rate of the items, based on Empire values.
What about the estimated value?
I believe those values may differ from region to region.
Whether it does ingame as well as on the market listing can be related to the asset value.


5.
Other than that, the rest becomes more mathematical on my part.
I would only want to confirm some details as to the sparsity of the collateral.
Volume comes to mind.

Anything related to the details of the collateral, value, and so on.

---

As for the collateral, I can include it in this thread even if it is public.
I can also encrypt it and link it in here, so only the proper authorized target will understand.
I can also run security on that encryption and disable it when appropriate to design counter-measures.

The amount would be the minimum 1 billion to start.

(by the way, the line above doesn't denote a signature.
It is part of the post itself.)

@Oiras

... If they're in a restricted null alliance station, no problem.
**No worries, we find the assets in restricted stations to be just as useful as collateral as those in empire space (or null NPC)

You get cash immediately and retain your assets in null. No problem.
*2:
If that is the case, I can include a few more million worth of assets in the items collateral offer.



- Restrictions
* If it is determined you attempt to 'scam' the BP Bank during the collateralization process, you will be ineligible for any loan in the future

*3:
The above is one of the part that I am most concerned about:
What is the basis of your determination?

**Blatant scam. If someone states "I am putting up 20 Leopards as collateral and the contract shows 20 Minmatar shuttles instead, that is a scam**

Can we negotiate some further details to lower the risk of being determined as attempting to 'scam'.
What is your definition of attempt?

My concern resides in the risk of being misjudged due to poor negotiations or as its results.

**It needs to be blatant. Negotiation about the worth of assets is not scamming. And for the smart alecs who troll this forum and say that "Well to some people a Minmatar shuttle really is worth the same as a Leopard", please use the common sense rule**


4.
I have additional concerns about the rate of the items, based on Empire values.
What about the estimated value?
I believe those values may differ from region to region.
Whether it does ingame as well as on the market listing can be related to the asset value.
**Jita markets will be used as the arbiter of all pricing structures


5.
Other than that, the rest becomes more mathematical on my part.
I would only want to confirm some details as to the sparsity of the collateral.
Volume comes to mind.

Anything related to the details of the collateral, value, and so on.


As for the collateral, I can include it in this thread even if it is public.
I can also encrypt it and link it in here, so only the proper authorized target will understand.
I can also run security on that encryption and disable it when appropriate to design counter-measures.

The amount would be the minimum 1 billion to start.
**The isk is ready to be loaned out. Just say the word

(by the way, the line above doesn't denote a signature.
It is part of the post itself.)

Nah he's a shark , he'll probably charge 50 %

Geez darlin' when you say it like that it makes me feel like your doing me a big favor and I'm just being rude not listening

I'm looking for a tool that can show me the Jita market prices.

I use EWA which uses EVE-Central and EVE-marketdata which don't use Jita market price.
(At least not only).


Can you suggest one here?