Market Discussions

As the title says I want 30b for some trading. I have a load of stuff (primarily very liquid faction mods) that can be used to collateralise it. If anyone in Jita is familiar with the 'Faction Trade' mailing list (you contract them bulk mods at stated price, they give you isk within 24 hours, 30b is small change to them) they'll know my collateral can be liquidated back to 100% of the loan value instantly. I am valuing my collateral based upon their buy orders.

I want to use a trusted third party is because I think it's going to be difficult to agree on the value of collateral. I believe the mods in question are worth a value based upon my knowledge of how I intend to liquidate them and I am unwilling to share that knowledge with the guy loaning me isk so he'll assume their value to be the base buy order figure. Providing 100% collateral at buy order prices exposes me to risk of collateral theft, hence the third party.

Third party will be Chribba, I mailed him asking how how these things works and he explained I needed to get the guy loaning the isk to agree to precisely what collateral he wanted before I sent it so if you agree to the loan in principle post here or mail me in game and we'll sort out the details and then have Chribba confirm receipt of isk and collateral.

If you have any questions feel free to ask but I think I've covered all the essentials here.


Edit: I'd be willing to not use a third party should someone with a decent MD forum reputation be willing to loan me the isk. We can just directly item exchange.

Because the collateral is worth more than the loan but is valued at the loan value if sold to buy orders.

Then I, in turn, would want you to mail me in game.

i don't get it, if you have chribba hold onto the collateral, what's the risk of mentioning the collateral?

To clarify, someone who wants to fill this loan or a part of this loan needs to mail me. I'll let them know what collateral I can offer and they'll choose what they want and how much of it. I then mail Chribba the details, get him to confirm in topic and send him collateral and the other guy sends me isk.

Chribba couldn't confirm receipt of collateral right now because he doesn't have it right now because this loan hasn't been filled yet. I don't get how so many people aren't understanding this. I agree on what I'll use for collateral privately with a prospective loaner and then we execute it through Chribba.

3% is a very low rate.

The kind of investor who is willing to accept that rate is the kind of investor who is unwilling to put effort in. To appeal to them your offering really needs to be all packaged and tied up in a pretty little bow.

Asking them to evaluate and negotiate the collateral with you means asking them to put effort in. Particularly since you come across as somewhat surly.

You haven't made it clear what will happen in the event of default. I suspect the arrangement Chribba is offering does not include liquidation of the collateral, he will simply turn it over to the investor. That's yet more effort for the investor as he will have to perform the liquidation.

All this for a 3% return for one month, after which the investor will have to find somewhere else to put their money.

It's not exactly an attractive proposal.

Now compare this to Grendel's bonds, where he does all the work for the investor, has a good reptuation and offers a better return.

Thanks for the advice BB. I figured 3% would be fine for a completely collateralised loan and that a negotiable choice of collateral would be preferred to a premade package but it would seem I was wrong. My desire for a third party may have overcomplicated things but I think my fear of being lowballed on the collateral and then having it stolen wasn't unreasonable. Either way, I was able to loan the money from corpmates so I'm gonna close this and just learn from it should I need isk in the future.