Market Discussions

Halastar Liquidity Co.
Introduction
I had been playing eve for 2 years with my main roaming around doing pvp and pve alikes. However recently due to RL issues and my career, I can only play the game for like 2-3 hours per day. However that doesn't stop me from looking up at spreadsheets during work and I notice that there are industrialists who require liquidity to set up their business. Hence I decided to offer a partial banking service for the eve online industrial community. I hope we can do business smoothly and transistion this project of mine into something bigger ;). As for abit personal info, I'm an accounting and finance degree holder working in a boring accounting firm, and hailing from a tiny peninsular known as Malaysia.. That's all and welcome to Halastar Liquidity Co. :)

Services
1.) Collaterized Loan
Do you have assets in high sec that your just too lazy to sell or aren't willing to sell but you require isk for a certain project or carrier? Halastar Liquidity & Co. will provide you liquidity based on how much asset you are willing to set as collateral. This will be done on a case by case basis.

1a.) Application for Collaterized Loan
Contract your asset to Halastar Sayashi for evaluation ( set the amount to 999 billion if your afraid of scam ) or you can use evepraisal. I will evaluate and evemail you how much I will offer you in liquidity isk. A better form of collateral will likely yield more liquidity and also better interest rates ;) If you like the terms, contract me the collateral along with the agreed isk as payment for it. I will give you an Account Number for both of our record keeping and you can send the isk to me during your first month payment along with the account number in the reason box. Collateral will be contracted back to you along with the final installment payment so there won't be any scam issues for both of us.

*My initial start up capital would 10 Billion isk, but I seek to increase this amount if this service picks off.
Where do I get the capital?
Generally station trading and null anoms provide me additional capital to inject into this business.

*Currently I will start offering for medium scale business but will consider expanding wider when the time arrive ;)
With Consent, I would also post the customer names here for reference sake.

Interest Calculation = Simple Interest Formula, Not compounded
Interest Rates * revised due to criticism *
1 - 2 Month Loan = 5.25% monthly
3 - 4 Month Loan = 4.25% monthly
5 - 6 Month Loan = 3.25% monthly
More than 6 Month, case by case basis

Basically if you wanted to borrow 1Billion isk for 2 months,
*Assuming you borrow at 1st of Jan*
I will charge you 5.25% end of every 31st/30th of the month based on the outstanding principle amount = 52,500,000 isk interest.
You can choose to repay me only the interest payment at the bare minimum or the standard 500mil + 52.5mil payment.
If you drag on 2 months with just the interest payment, I will still charge you 5.25% interest rate in the third month because our original contract is set at a 2month interest rate. * I do this because if I don't, everybody will defer their payment to enjoy lower interest rates*.
If you opt to pay the interest amount and partial amount for the principal ie 300mil + 52.5 mil for the first month, i will charge the 5.25% on the outstanding amount, 5.25% x 700mil = 36,750,000 + outstanding 700mil.

Note on Defaulters
Even though there is certain flexibility/breathing space for you to continue deferring your principal past the agreed contract period with just interest payments only, I will demand for the full repayment of principal if you defer for more than 6 months than the agreed period.
I will give a one month notice for you to repay the full principal.
Failure to comply, I will issue you a 3 days "last" warning before I liquidate your collateral equivalent to your outstanding amount.
Any balance will be repaid back to you *hopefully*.

Note on Collateral
Collateral must be in Jita 4-4 or the main Trade Hub in Amarr, Dodixie or Rens
If the collateral is in Any High Sec location, I will charge an additional 2% banking fee for it.
2% banking charge is on the estimated isk value of your collateral.. However, this can be waived if your collateral is only low volume like a few ships or a certain officer/faction modules.
No Dead End High Sec location will be accepted.
You can use Red Frog Red Frog for their jump service

As promised. Halastar Liquidity Co. will start offering uncollaterized loans for capsuleer*fapsuleer* alike. However due to capital constraints as a result of sudden influx of borrowers, uncollaterized loans is limited to only 400million per application. This will increase as more capital is injected/loans are being repaid/defaulters asset are liquidated.

Interest rates - 15% flat.
Rates can be negotiated if you are a trusted long time client or have good reputation in the market/reliable borrower.
Repayment method is similar to what stated above, please refer to collaterized loans interest section.

I believe I've provided as much flexibility in my scheme. However further comment/suggestion is always welcome to further improve this service.

Whats next? Insurance service to for PvP-ers though the details is still a mess to work out without it being abused.

#edited post based on feedbacks... Thx for the comments.
#revised interest structure.
#updated with more instructions and clarification
#updated with Uncollaterized Loans.

I cannot duplicate my interest model entirely based on real world models due to a few factors that is restricted in Eve... * no central authority, etc *

The assumption is that the longer a person is holding his loan = higher risk ( inflation etc ). higher uncertainty.

However if too many people complain, I would gladly revise my interest model to those commonly adopted by real world banks. ;)

Thx for the feedback

@magnu stormhawk..
Thanks for your feedback... interest rates had been revised and thanks for the tips!

I thought I start off with Collaterized Loans but I will expand into Uncollaterized Loans once I get some customers ( 5-ish ) I will offer uncollaterized loans ( albeit limited amount ).

#off topic, @Cavalira long story but basically family pressure.

doesn't seem complicated and the existence of this forum is proof of the services necessity

Good luck!

EVE - where PVP extends to the forums.

Hi Halastar

Have you started offering Un-collaterized loans yet?

I currently station trade and have been doing so for the last 7-8 weeks, profits are decent, but I want more!

I'm looking to step up a gear, still station trading, but dealing with higher priced 'items' with a bigger isk spread between buy/sell.

This however requires a jump in capital to set up, and fulfill, the necessary buy orders.

I would be looking for an investment in the 5-10Billion isk range.

My current sell orders/liquid/collateral total is sitting at 10Bill isk and I will continue to trade the current items I am trading, in addition to the new items. I trade in one station, so there is no movement of stock and I only update orders 3/4 times a day.

My current profits can be seen at the following evemogul public report;

http://eve-mogul.com/reports/overview/31/ku6Ws9nAFGbhsThNyWj2Q3BL7p557fhU

Eve Nexus DB available, API available, as well as any other information you require.

Looking forward to your response!

(If anyone else reading this thinks they would like to invest, let me know and I can start a new thread - just giving Halastar first bite at the cherry due to offering his services)

Just a quick courtesy post for Halastars service.

Smooth discussions and an offer was made, however due to a good weeks trading freeing up some isk, my liquid isk has jumped to 5Bill isk giving me sufficient funds to 'go it alone'

I thank Halastar for his time and prompt reply to all mails and apologise for not going into business with him this time.

You might as well write off whatever you gave Tear Jar, next time do your research.

https://forums.eveonline.com/default.aspx?g=posts&m=4106337

She didn't impersonate anyone this time did she? That would be grounds for getting your ISK back.

I don't think there is anything to test, your just gonna expose yourself to risk, otherwise from the looks of it this looks like a pretty solid service.