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Question about bonds with collateral
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Zimity
Caldari Provisions
Caldari State
#1 - 2012-09-21 20:45:44 UTC
Alright lets say I have a Golem with Tech 2 rigs worth about 1.1 bil, and I want to use that as collateral for a 1 bil 30 day 10% return bond.

How is the collateral handled?
Is it through a 3rd party service, or do I pretty much straight up trade the collateral for the isk and then trade it back after the bond is done?
Grendell
Technologies Unlimited
#2 - 2012-09-21 20:56:53 UTC
For collateralized bonds 10% interest is pretty high, you should be getting 3-5%. Most of the time the smaller bonds and loans the exchanges are done between the lender and the borrower. For the larger ones you will generally get asked to get a 3rd party involved.

If you are looking for a loan let me know I would offer you 950m @ 4% for 1 month. You would put up the contract to me for the Golem at 950m. I'd verify it and accept if everything looks good. At the end of the bond term I would contract the Golem back to you for the loaned amount + the interest amount.

Regards,
Grendell ♥

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥
De Guillaume
THORN Syndicate
Northern Coalition.
#3 - 2012-09-21 20:59:04 UTC  |  Edited by: De Guillaume
if u don't like grendell offer. i will loan u the whole 1b isk for the 10%

or 1.1b for 11%


same things as gren, just contract me the golem for 1b isk

Has you ever went so far as chose to go even use want to look more like do?
Zimity
Caldari Provisions
Caldari State
#4 - 2012-09-21 21:48:19 UTC
Grendell wrote:
For collateralized bonds 10% interest is pretty high, you should be getting 3-5%. Most of the time the smaller bonds and loans the exchanges are done between the lender and the borrower. For the larger ones you will generally get asked to get a 3rd party involved.

If you are looking for a loan let me know I would offer you 950m @ 4% for 1 month. You would put up the contract to me for the Golem at 950m. I'd verify it and accept if everything looks good. At the end of the bond term I would contract the Golem back to you for the loaned amount + the interest amount.

Regards,
Grendell ♥


Thank you for the information.

I will be putting some numbers together this weekend and may put up a bond sometime next week.
CorInaXeraL
The Dresdeneers
#5 - 2012-09-21 22:24:52 UTC
By the way OP, love the corp name. Absolutely instills trust. Big smile