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Looking for a loan
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Anton Menges Saddat
Brutor Tribe
Minmatar Republic
#1 - 2013-08-13 01:58:56 UTC  |  Edited by: Anton Menges Saddat
o/

I am looking for a loan of between 10 and 20bil at 5% interest for a term of 2 weeks to a month. At the moment, this is needed for something of an impulse purchase, so I'm just offering a general framework here and would be flexible to the final terms. I can provide collateral of course :)

edit: I have taken a 15bil collateralized loan from X ATM092 at 5% interest for a period of 1 month.
X ATM092
The Hatchery
RAZOR Alliance
#2 - 2013-08-13 01:59:29 UTC
I can fill this depending on collateral.
Anton Menges Saddat
Brutor Tribe
Minmatar Republic
#3 - 2013-08-13 04:54:38 UTC  |  Edited by: Anton Menges Saddat
Well, that was fast. I have set aside and contracted 15bil of collateral for Atmo.

At this point the loan request is 100% filled.


I did not really place any details in the first post here, but for reference, I am an active trader who does a fairly high amount of sales per month.I specialize in high value trading of items like carriers and dreadnaughts and shiny modules. I have taken one loan on these forums prior, a year ago, which was repaid in full and on time as my post history will show. I will be using the loaned isk to provide a buffer for me to continue to trade (my primary source of gameplay) while also moving forward with some purchases that will allow me to take my eve career to a further level. My contract histories will show that I have been doing large value trades for a while now. For what it's worth, I'm sure there are several people on these forums and/or in the trade channels who would vouch for my sales history and my clean track record.
Erotica 1
Krypteia Operations
#4 - 2013-08-13 07:26:28 UTC
Have you asked Chribba?

See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.
Anton Menges Saddat
Brutor Tribe
Minmatar Republic
#5 - 2013-08-13 09:51:02 UTC
Erotica 1 wrote:
Have you asked Chribba?

Chribba does not do loans, he only secures collateral between parties.

I will be setting private contracts up for the collateral at the loan amount to the lenders, so a third party would not be necessary. The lender will be holding my assets directly and I will repay him the full amount of loan + interest in order to reacquire my goods.
Tonsof Gun
Dirty Rats
#6 - 2013-08-13 12:24:33 UTC
I can pitch in some isk here too, will convo you when I get online later. If you could mail me an API that I can use to view your assets that would be helpful.

[u].[/u]
X ATM092
The Hatchery
RAZOR Alliance
#7 - 2013-08-13 15:40:21 UTC  |  Edited by: X ATM092
Accepted collateral I value at 15b for 15b isk. On the 12th of September I will contract back the collateral for 5% more than it was contracted to me. Failure to accept this contract will be considered a default.
Nerdy McButtHurt Trald
Doomheim
#8 - 2013-08-14 00:36:31 UTC
X ATM092 wrote:
Accepted collateral I value at 15b for 15b isk. On the 12th of September I will contract back the collateral for 5% more than it was contracted to me. Failure to accept this contract will be considered a default.


I hope the collateral is valued at more than the loan, or you sir have just bought the OP's goods!!
Anton Menges Saddat
Brutor Tribe
Minmatar Republic
#9 - 2013-08-14 01:09:25 UTC  |  Edited by: Anton Menges Saddat
Nerdy McButtHurt Trald wrote:
X ATM092 wrote:
Accepted collateral I value at 15b for 15b isk. On the 12th of September I will contract back the collateral for 5% more than it was contracted to me. Failure to accept this contract will be considered a default.


I hope the collateral is valued at more than the loan, or you sir have just bought the OP's goods!!

post with your main Roll although Nerdy McButtHurt is an apprpriate name for you I suppose.
Nerdy McButtHurt Trald
Doomheim
#10 - 2013-08-14 01:12:37 UTC  |  Edited by: Nerdy McButtHurt Trald
Anton Menges Saddat wrote:
Nerdy McButtHurt Trald wrote:
X ATM092 wrote:
Accepted collateral I value at 15b for 15b isk. On the 12th of September I will contract back the collateral for 5% more than it was contracted to me. Failure to accept this contract will be considered a default.


I hope the collateral is valued at more than the loan, or you sir have just bought the OP's goods!!

post with your main Roll


or what??

I'll still be proved right?

The loaner needs to understand how to use collateral mechanics!


You value the collateral at value + interest value.
Tonsof Gun
Dirty Rats
#11 - 2013-08-14 10:50:12 UTC
X ATMO92 isn't exactly new to this kind of thing, I'm sure he values the collateral higher than the loan or he trusts the borrower enough to not default.

[u].[/u]
X ATM092
The Hatchery
RAZOR Alliance
#12 - 2013-08-14 13:07:14 UTC
Tonsof Gun wrote:
X ATMO92 isn't exactly new to this kind of thing, I'm sure he values the collateral higher than the loan or he trusts the borrower enough to not default.

I valued the collateral at Jita buy orders for the stuff in Jita and at Jita buy - 50m for the stuff outside. I considered the possibility that the OP would rather default than buy his stuff back at the end of the loan but concluded that the difference between buy and sell in Jita was probably in the region of 5% so he could not profit by doing so. I opted not to overcollateralise because I am not a trusted third party and wished not to leave him vulnerable to abuse by me but nor did I leave any possibility of losing money myself.
Vaerah Vahrokha
Vahrokh Consulting
#13 - 2013-08-14 17:58:29 UTC
X ATM092 wrote:
Tonsof Gun wrote:
X ATMO92 isn't exactly new to this kind of thing, I'm sure he values the collateral higher than the loan or he trusts the borrower enough to not default.

I valued the collateral at Jita buy orders for the stuff in Jita and at Jita buy - 50m for the stuff outside. I considered the possibility that the OP would rather default than buy his stuff back at the end of the loan but concluded that the difference between buy and sell in Jita was probably in the region of 5% so he could not profit by doing so. I opted not to overcollateralise because I am not a trusted third party and wished not to leave him vulnerable to abuse by me but nor did I leave any possibility of losing money myself.


Excellent reply

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X ATM092
The Hatchery
RAZOR Alliance
#14 - 2013-09-12 19:51:48 UTC
Have been mailed regarding extending the loan for a month under the same terms as before. Have accepted the continuation with the condition that interest owed is paid to minimise the potential loss in the case of default. OP has accepted and paid me 750,000,000 (5% of the 15b) for the previous month. As such loan will run for another month.
X ATM092
The Hatchery
RAZOR Alliance
#15 - 2013-10-12 18:40:32 UTC
The option to roll it for another month was offered but the gentleman declined and chose to end the loan. I contracted back the collateral for 15.75b, the 15b loan and this month's interest of 5%. The contracts have just been accepted and this loan concluded. Based upon my interactions with him in this fully collateralised loan I would be happy to do future business with him and would recommend him to others, he was willing to offer full liquidatable collateral in Jita and made payments in full and on time.
Anton Menges Saddat
Brutor Tribe
Minmatar Republic
#16 - 2013-10-12 18:43:48 UTC
confirming repayment of the loan. lender promptly put out / accepted contracts and held my collateral securely, all was returned in good condition Big smile two thumbs up, would recommend for business with