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The 100b bond - 2%, secured by Chribba with 120% collateral - Filled and completed

Author
Professional Forum Alt
Doomheim
#1 - 2012-12-23 14:59:13 UTC  |  Edited by: Professional Forum Alt
Hi,

First off - I'm looking for a show of "support" and possible investors.

Below is my idea for the bond.
If you have suggestions, please post.

(Used as inspiration : https://forums.eveonline.com/default.aspx?g=posts&t=16989&find=unread)



Hi,

On behalf of an anonymous party I will be looking for funding for a 100b bond. Given the stability and the optional duration of the bond, it will payout 2% interest. Chribba has already said yes to hold the collateral, which is value at around 120b, with an option for more collateral later, if need be. Meaning that this will likely be one of the more safe bonds in EVE :)

I will provide a API of my wallet, as prove of any and all transactions.
Chribba will post in this thread to prove his involvement - and later as prof of receiving the collateral.


The fine print :

Amounts need to be in full billions.
Interest will be 20m per billion per full month
(For easier accounting)

In the event of a default, or lack of collateral, investors will be refunded their capital investment and accrued interest to that point it's possible. Any ISK after the liquidation will be taken be Chribba as extra payment. investors will get priority by time of investment, if need be

The total bond size will be 100b isk.
No fixed duration.
Cash out requests requires one week notice, and will be cashed out as funds are available.
If cash out amount is more than 20b, there will be a 20 notice instead.
Periodically the bond will be lowered as the client buys back bonds from investors.

Final day for investments
27/12/2012 (For now)

First interest payment
27/01/2013

2nd interest payment
01/03/2013

Final interest payment
01/04/2013


Investing:
Post your reservation here.
Use an alt for reservation for anonymity.
(As my wallet will be viewable for all)

This is Angelica Everstar's alt

Professional Forum Alt
Doomheim
#2 - 2012-12-23 14:59:26 UTC  |  Edited by: Professional Forum Alt
Current Investors:

Grendell - 100b

This is Angelica Everstar's alt

Professional Forum Alt
Doomheim
#3 - 2012-12-23 14:59:49 UTC
Updates :
none

This is Angelica Everstar's alt

Grendell
Technologies Unlimited
#4 - 2012-12-23 15:19:36 UTC  |  Edited by: Grendell
If Chribba can confirm, I will fill this.

EDIT:
The following GIRT deposits have been used to fund this bond:
BringNRain - 30b
Squizz Caphinator - 20b

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Professional Forum Alt
Doomheim
#5 - 2012-12-23 15:34:30 UTC
LOL - I'll end up given collateral to one 3rd party, to have the bond filled by another 3rd party :)

This is Angelica Everstar's alt

Chribba
Otherworld Enterprises
Otherworld Empire
#6 - 2012-12-23 15:48:57 UTC  |  Edited by: Chribba
I confirm the OP and I have discussed the bond and I've agreed to assist, however I am currently _NOT_ holding any collateral.

update/I am currently holding 220x PLEX as collateral for the 100B being raised for this bond.

Once I hold the collateral I will update this post.

/c

★★★ Secure 3rd party service ★★★

Visit my in-game channel 'Holy Veldspar'

Twitter @ChribbaVeldspar

shar'ra matcevsovski
Doomheim
#7 - 2012-12-23 16:14:11 UTC
https://forums.eveonline.com/default.aspx?g=posts&m=2355791#post2355791

how does that fit together? investing in a 100B bond by creating a bond by yourself?

shar'ra phone home

Razor Rocker
Native Freshfood
Minmatar Republic
#8 - 2012-12-23 16:39:35 UTC
shar'ra matcevsovski wrote:
https://forums.eveonline.com/default.aspx?g=posts&m=2355791#post2355791

how does that fit together? investing in a 100B bond by creating a bond by yourself?



correct me if I'm wrong, but he said he was securing it for another person didn't he?
Professional Forum Alt
Doomheim
#9 - 2012-12-23 16:44:48 UTC  |  Edited by: Professional Forum Alt
Collateral contracted.

API :
1610843
LvNKi6dPttNPsLLxsFx8oPtlR0xgSi4hH3hzwIC9zPkxOdCglIBg1wqInWjETR0v

Hope I made that one correct :)

This is Angelica Everstar's alt

Professional Forum Alt
Doomheim
#10 - 2012-12-23 21:38:38 UTC
Collateral is secured

This is Angelica Everstar's alt

Grendell
Technologies Unlimited
#11 - 2012-12-23 23:26:27 UTC
Professional Forum Alt wrote:
Collateral is secured


Perfect, just waiting for a reply from Chribba vie mail and were good to go.Smile

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Professional Forum Alt
Doomheim
#12 - 2012-12-23 23:33:09 UTC
Fair enough - not the most clear text in the world :)

This is Angelica Everstar's alt

corestwo
Goonfleet Investment Banking
#13 - 2012-12-24 00:07:35 UTC
You know what I'm puzzled about is the use of PLEX as collateral for the bond, supposedly on behalf of someone else.

The whole thing seems odd, but whatever.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

Vaerah Vahrokha
Vahrokh Consulting
#14 - 2012-12-24 02:28:14 UTC
corestwo wrote:
You know what I'm puzzled about is the use of PLEX as collateral for the bond, supposedly on behalf of someone else.

The whole thing seems odd, but whatever.


It's almost like they believe PLEX will forever keep high value.
PLEX is one of the low quality kind of collateral, good to see Chribba kept the option to ask for collateral re-consolidation.
shar'ra matcevsovski
Doomheim
#15 - 2012-12-24 05:10:40 UTC  |  Edited by: shar'ra matcevsovski
Vaerah Vahrokha wrote:


It's almost like they believe PLEX will forever keep high value.


unless CCP found a way to magically remove the inflation in the game, im affraid plex will rather go up than down in the future...
I mean from the 90 day GTC(/3=~80 mil) to a 30 plex(580 mil) it was a steady price increase, I dont see why they should ever become a lot cheaper.

shar'ra phone home

Zoltan Lazar
#16 - 2012-12-24 07:22:51 UTC
This is like using gold as a collateral for a dollar bond.
Professional Forum Alt
Doomheim
#17 - 2012-12-24 07:26:10 UTC
Status :

Grendell will fill the whole bond.
Which means I'm not looking for any more investors.

Once the final confirmation is given

The ingame investments will begin :)

This is Angelica Everstar's alt

Vaerah Vahrokha
Vahrokh Consulting
#18 - 2012-12-24 11:37:55 UTC  |  Edited by: Vaerah Vahrokha
shar'ra matcevsovski wrote:
Vaerah Vahrokha wrote:


It's almost like they believe PLEX will forever keep high value.


unless CCP found a way to magically remove the inflation in the game, im affraid plex will rather go up than down in the future...
I mean from the 90 day GTC(/3=~80 mil) to a 30 plex(580 mil) it was a steady price increase, I dont see why they should ever become a lot cheaper.


CCP can do whatever they can, your reply is apparently perfect but just apparently.

Let's dig inside the PLEX market, that is the one market CCP openly admits to manipulate. They have to admit it, since the constant campaigns to "regulate" PLEX prices are quite visible.

So far CCP has only shown high price control manipulation, so the whole hope about PLEX prices not dropping is based on the hope that inflation will stay as is and not drop after the hot subs Christmas days or in the summer afterwards. "No fixed duration" being a keyword to notice when a perishable collateral is used.

Edit: and that's why wise Chribba wanted the option to ask for more collateral in case depreciation happens. It's somewhat analogous to RL trading, if the capital in your account drops too much due to outstanding losses then the broker "margin calls" you.
Grendell
Technologies Unlimited
#19 - 2012-12-24 19:07:46 UTC  |  Edited by: Grendell
isk sent, enjoy! I will update this post after the holidays, listing the investors isk being used from GIRT deposits.

The following GIRT deposits have been used to fund this bond:
BringNRain - 30b
Squizz Caphinator - 20b

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Professional Forum Alt
Doomheim
#20 - 2012-12-25 00:25:37 UTC
100b ISK transferred from Grendell - Confirmed.

ISK to be transferred to temp alt, to cloak real receiver.

Thanks for the quick response, and filling of the bond.
Merry Xmas, and happy New Year :D

This is Angelica Everstar's alt

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