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Up to 75bil, urgent, fully collateralized loan, 2-week duration
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probag Bear
Xiong Offices
#1 - 2017-05-20 20:24:52 UTC
Title pretty much says it all.

  • I have up to 75bil of collateral (it's over 80 in actuality, but, you know, gotta over-collateralize it)
  • I want loans urgently. In the next 48 hours, that kind of thing.
  • Duration is 2 weeks (until June 4th)
  • I am offering 2% interest for the duration (that's a bit over 4% monthly)
  • I am okay with using any of the well-known 3rd parties (that is to say, Chribba), though I would personally prefer using Liz Norn.


Thanks and happy investing!
Droodid
Antec Enterprises
#2 - 2017-05-20 20:35:15 UTC
probag Bear wrote:
Title pretty much says it all.

  • I have up to 75bil of collateral (it's over 80 in actuality, but, you know, gotta over-collateralize it)
  • I want loans urgently. In the next 48 hours, that kind of thing.
  • Duration is 2 weeks (until June 4th)
  • I am offering 2% interest for the duration (that's a bit over 4% monthly)
  • I am okay with using any of the well-known 3rd parties (that is to say, Chribba), though I would personally prefer using Liz Norn.


Thanks and happy investing!


I'll fill it with Liz once collateral value has been confirmed.
probag Bear
Xiong Offices
#3 - 2017-05-20 20:37:25 UTC
The entire thing?

Ok, let me haul my stuff to Jita and contract it over to Liz Norn :).
probag Bear
Xiong Offices
#4 - 2017-05-20 21:19:03 UTC
Collateral contracted to ENorn. Awaiting evaluation :)
Elizabeth Norn
Nornir Research
Nornir Empire
#5 - 2017-05-20 21:23:53 UTC
Everything looks okay. I've accepted the contract and given probag Bear the ISK, so you can send the 75b to me when you're ready.

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Alexi Stokov
State War Academy
Caldari State
#6 - 2017-05-20 23:40:21 UTC
Droodid wrote:
probag Bear wrote:
Title pretty much says it all.

  • I have up to 75bil of collateral (it's over 80 in actuality, but, you know, gotta over-collateralize it)
  • I want loans urgently. In the next 48 hours, that kind of thing.
  • Duration is 2 weeks (until June 4th)
  • I am offering 2% interest for the duration (that's a bit over 4% monthly)
  • I am okay with using any of the well-known 3rd parties (that is to say, Chribba), though I would personally prefer using Liz Norn.


Thanks and happy investing!


I'll fill it with Liz once collateral value has been confirmed.



You've gotta have an alert that goes off as soon as a collateralized loan post goes up.
probag Bear
Xiong Offices
#7 - 2017-05-21 16:25:52 UTC
So Droodid, I've already used that 75bil to buy the stuff I was going to buy.

Let's say I packaged that 75bil worth of stuff into a collateral package. Would you be willing to loan me 70bil on that 75bil of collateral :P?

So you'd have
Loan 1: 75bil with 80bil of collateral
Loan 2: 70bil with 75bil of collateral, paid for by loan 1
Loan X: ???
Styx Saken
Styx Saken Corporation
#8 - 2017-05-21 17:30:11 UTC
probag Bear wrote:
So Droodid, I've already used that 75bil to buy the stuff I was going to buy.

Let's say I packaged that 75bil worth of stuff into a collateral package. Would you be willing to loan me 70bil on that 75bil of collateral :P?


I'd be happy to fill that if Droodid isn't interested (or doesn't reply soon). If you want to use Liz Norn as a 3rd party again, I'd be fine with that too.
Droodid
Antec Enterprises
#9 - 2017-05-21 17:34:49 UTC
Got it, sending shortly.
probag Bear
Xiong Offices
#10 - 2017-05-21 17:43:10 UTC
Styx Saken wrote:
probag Bear wrote:
So Droodid, I've already used that 75bil to buy the stuff I was going to buy.

Let's say I packaged that 75bil worth of stuff into a collateral package. Would you be willing to loan me 70bil on that 75bil of collateral :P?


I'd be happy to fill that if Droodid isn't interested (or doesn't reply soon). If you want to use Liz Norn as a 3rd party again, I'd be fine with that too.


Alright, I'm not really opposed to this, and I may choose to do it. Even if I originally proposed it tongue-in-cheek.

But why? Would it not be too risky for you? Sure, everything would be 100% collateralized, but your collateral would just be the sum of the previous loan.
Droodid
Antec Enterprises
#11 - 2017-05-21 17:44:23 UTC
75b sent to Liz. If you need more then hit me up and assuming Liz is cool with whatever you want to do then I'm game.
Styx Saken
Styx Saken Corporation
#12 - 2017-05-21 19:27:12 UTC
probag Bear wrote:
But why? Would it not be too risky for you? Sure, everything would be 100% collateralized, but your collateral would just be the sum of the previous loan.


As long as the collateral is sufficient, it's not really any of my concern how you originally paid for it.
probag Bear
Xiong Offices
#13 - 2017-05-30 04:58:15 UTC
Ok, I'm ready to mature the loan and repay 76.5bil. ENorn has been notified on Slack and will wake up at some point.
Elizabeth Norn
Nornir Research
Nornir Empire
#14 - 2017-05-30 14:57:46 UTC
probag just accepted the contract and I've passed the ISK on to Droodid.

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Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
flakeys
Doomheim
#15 - 2017-05-30 15:10:42 UTC  |  Edited by: flakeys
You kids and your slack , apps , discord , teamspeak ..... in my time you'd just get a written letter from the iskloaner stating he wants to repay and then a month later he'd get my reply stating i had received the money back.I've got at least 50 letters from raw here somewhere ...

We are all born ignorant, but one must work hard to remain stupid.
Droodid
Antec Enterprises
#16 - 2017-05-30 21:20:24 UTC
flakeys wrote:
You kids and your slack , apps , discord , teamspeak ..... in my time you'd just get a written letter from the iskloaner stating he wants to repay and then a month later he'd get my reply stating i had received the money back.I've got at least 50 letters from raw here somewhere ...


You dinosaur, you. ISK received.