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The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.11 18:40:00 -
[1] - Quote
Greetings,
I am considering requesting a 10bil load to ease the transaction into opening a dread production line next to the other capitals I build, but before I do that would I like to know what sort of things you would like to see in my load thread.
I have been reading the market forum on and off for a while now, but still not entirely sure how it all works. What sort of interest rates people are expecting. If you have some tips or general advice for a newcomer would it be greatly appreciated if you would share it in this thread.
Best regards
- BP Currently building carriers and rorquals. Contact me for a cheap capital ship. |
Lord Splashington
The Raging Raccoons
0
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Posted - 2014.02.11 19:46:00 -
[2] - Quote
I hope that you have collateral for the loan your planning. |
I Was There
The Little Urban Achievers Foundation
125
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Posted - 2014.02.11 20:15:00 -
[3] - Quote
First off, you should stop signing your posts. |
Auimbaue Sensei
Pedobear's Harem
1
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Posted - 2014.02.11 20:24:00 -
[4] - Quote
I subscribe to the question while I'm planning to start a bond/loan (btw whats the difference between them?). I've read about holding collateral in Vaerah's web, as well as talked to Vaerah's about holding my collateral (but she's kinda inactive right now, waiting now to Chribba's response).
So again, -+any guidelines about starting a loan? -+is 4-5B, 5% monthly,2-3 months, full collateral worth try? -+What's the usual fee for holding collateral?
Many thanks |
flakeys
The Mjolnir Bloc The Bloc
2035
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Posted - 2014.02.11 22:00:00 -
[5] - Quote
I Was There wrote:First off, you should stop signing your posts.
I agree
/signed flakeys
We are all born ignorant, but one must work hard to remain stupid.
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Ria Nieyli
201
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Posted - 2014.02.11 22:11:00 -
[6] - Quote
Just keep reading M&D, you'll figure it out. There's plenty of info on the matter out here already. |
I Was There
The Little Urban Achievers Foundation
128
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Posted - 2014.02.11 22:17:00 -
[7] - Quote
flakeys wrote:I Was There wrote:First off, you should stop signing your posts. I agree /signed flakeys Roger that, IwasThere over and out!
Iwasthere CEO of my corp http://puu.sh/6SyBk.jpg |
Professional Forum Alt
The Witness Protection Program
116
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Posted - 2014.02.11 23:07:00 -
[8] - Quote
Have a look at this and my older bonds. https://forums.eveonline.com/default.aspx?g=posts&t=320712&find=unread
The rate is a bit low, as this is a return offer, and well "collateralize". Guess 2-2.5% should be possible for a 105-110% collateral loan.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Nedly Stark
Caldari Provisions Caldari State
3
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Posted - 2014.02.11 23:30:00 -
[9] - Quote
The BlackPrince wrote:Greetings,
I am considering requesting a 10bil load to ease the transaction into opening a dread production line next to the other capitals I build, but before I do that would I like to know what sort of things you would like to see in my load thread.
I have been reading the market forum on and off for a while now, but still not entirely sure how it all works. What sort of interest rates people are expecting. If you have some tips or general advice for a newcomer would it be greatly appreciated if you would share it in this thread.
Best regards
- BP
People haven't really been too helpful in this thread so perhaps I can help out a bit and give a post with some content.
There are a few things to take into consideration when requesting a loan on MD.
1) The loan amount 2) Collateral 3) Location & content of collateral 4) Interest rate & length of loan
If it's your first loan at 10 billion, you better have 10 billion worth of collateral. People with their first loan more commonly go uncollateralized at a high interest rate (10-15%) to entice the loan request for not having any collat. This will seldom be filled unless people like I LIKE IT feel that it might be worth their while, but for the most part getting an uncollaterlized loan is hard to pull off as you might have seen in previous loan threads.
Another thing to keep in mind that might be helpful for a first time loan request is to give a short yet effective prospectus on why you want the loan, especially if you are going for uncollateralized. Regardless of whether its collat/uncollat people lending isk would still like to know how you plan on paying them back.
I hope this post was a bit more helpful, i'm probably wrong on 99% of it and will await some veterened MD poster to tell me how stupid I am. Anyways good luck with your first loan.
SIGNED NED, ESQ. |
The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 06:26:00 -
[10] - Quote
Thanks for the information Nedly Stark.
I was planning on doing a collateralized load, but I wasn't sure which commodities would be accepted as collateral, or how high a collateral percentages were required (100%, 105% and so on).
In my case will the collateral ideally be something that does not interfere with my production lines. I own a decent amount of freighter BPO's which I'm just copying while waiting (hoping) for them to go back up in price again. Would BPO's be accepted as a collateral and if so what determine their value? NPC price or the research price? Currently building carriers and rorquals. Contact me for a cheap capital ship. |
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RAW23
690
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Posted - 2014.02.12 08:05:00 -
[11] - Quote
The BlackPrince wrote:Thanks for the information Nedly Stark.
I was planning on doing a collateralized load, but I wasn't sure which commodities would be accepted as collateral, or how high a collateral percentages were required (100%, 105% and so on).
In my case will the collateral ideally be something that does not interfere with my production lines. I own a decent amount of freighter BPO's which I'm just copying while waiting (hoping) for them to go back up in price again. Would BPO's be accepted as a collateral and if so what determine their value? NPC price or the research price?
Freighter BPOs are ideal collateral. Valuation would typically be NPC price minus 5% or 10% to allow for rapid release of capital. Other possible collateral holders, if Chribba is too expensive/busy, include Grendell and myself. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 08:16:00 -
[12] - Quote
Raw23, what price would typically be charged for such a job? A rough price estimate is fine, just want to get a idea of the price range. Currently building carriers and rorquals. Contact me for a cheap capital ship. |
RAW23
690
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Posted - 2014.02.12 10:20:00 -
[13] - Quote
The BlackPrince wrote:Raw23, what price would typically be charged for such a job? A rough price estimate is fine, just want to get a idea of the price range.
If it's just a question of holding collateral, I do that for free for MD bonds. If you wanted the collateral researched or copied while it was held that would entail some costs and, to be honest, I'm not sure I have the facilities free at present. I wouldn't want to speak for Grendell or Chribba. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 10:37:00 -
[14] - Quote
Great timing Raw23, I was just looking into the cost of stopping the copying process on the BPO's in question if they were used for collateral. Thanks for bringing it to my attension that it might be possible to keep that running though a thrid party.
Currently building carriers and rorquals. Contact me for a cheap capital ship. |
RAW23
690
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Posted - 2014.02.12 11:53:00 -
[15] - Quote
The BlackPrince wrote:Great timing Raw23, I was just looking into the cost of stopping the copying process on the BPO's in question if they were used for collateral. Thanks for bringing it to my attension that it might be possible to keep that running though a thrid party.
You need to be fairly careful with this option though as it tends to be expensive due to the resources involved. The third-party will either have to put a character into your corp and become the sole controller of the main functions (so as to restrict access to the prints through either a lockdown or a query-only hangar) or will have to use their own POS and research characters to do the copying. In either case, it would probably be necessary to stop the current copy process. As far as costs are concerned, since either option would take up an alt, I would expect the cost to be something along the lines of 1/3 plex per month plus some premium (plus POS costs if the research is being done by the third party), so make sure that the value of the copy jobs will be sufficiently in excess of that level to make it worthwhile. This option used to be seen a lot more but the huge increases in POS fuel costs and PLEX costs seem to have put a bit of a damper on it in the last couple of years. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 12:30:00 -
[16] - Quote
Thanks for the answers provided in this thread so far.
My next question involves the length of a loan. How flexiable can I be in this area? In my case will I know that I want to borrow it for 2 or 3 months, but I might want to go longer than that. Does investors generally prefer fixed terms, or would you be alright with a not so fixed duration. I assume suchs a metode would require investors with a way to "cash out", how is this generally handled?
Currently building carriers and rorquals. Contact me for a cheap capital ship. |
RAW23
690
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Posted - 2014.02.12 12:52:00 -
[17] - Quote
The BlackPrince wrote:Thanks for the answers provided in this thread so far.
My next question involves the length of a loan. How flexiable can I be in this area? In my case will I know that I want to borrow it for 2 or 3 months, but I might want to go longer than that. Does investors generally prefer fixed terms, or would you be alright with a not so fixed duration. I assume suchs a metode would require investors with a way to "cash out", how is this generally handled?
Properly collateralised loans are a sellers market so you will find that people are very keen to buy your debt and generally happy to let you sit on the loan for extended periods. Fixed or open-ended are both fine and can both achieve the same ends. You can either set a fixed end date, with the option to extend given the agreement of all parties (and you'll easily be able to replace anyone who drops out) or you can leave it open ended and allow people to cash out and be replaced. In this situation you would change your thread title and bump it when someone wants to cash out to indicate that there is an amount that is now open and once you have someone new to cover that you can swap one person in and the other out. In swapping in and out your lenders may, again, want to use a third party rather than have someone they don't know holding both chunks of cash for a time but that likely depends on how much is involved. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
Grendell
Technologies Unlimited Superior Eve Engineering
824
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Posted - 2014.02.12 15:02:00 -
[18] - Quote
Let me know which bpos you would need to buy, and we can use them as collateral -10% of their NPC value. I would offer you that value @ 3% monthly interest, with the bpos locked down in your corp with my alt as ceo.
You can eve-mail me if you need more info etc.
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The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 15:57:00 -
[19] - Quote
Grendell wrote:Let me know which bpos you would need to buy, and we can use them as collateral -10% of their NPC value. I would offer you that value @ 3% monthly interest, with the bpos locked down in your corp with my alt as ceo.
You can eve-mail me if you need more info etc.
Thanks for the offer, but I already own the bpo's necessary to cover the request collateral should I decide to ask for a 10bil load. Cost wise is it eaiser for me to halt the copy process during the load. Currently building carriers and rorquals. Contact me for a cheap capital ship. |
Grendell
Technologies Unlimited Superior Eve Engineering
824
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Posted - 2014.02.12 16:04:00 -
[20] - Quote
The BlackPrince wrote:Grendell wrote:Let me know which bpos you would need to buy, and we can use them as collateral -10% of their NPC value. I would offer you that value @ 3% monthly interest, with the bpos locked down in your corp with my alt as ceo.
You can eve-mail me if you need more info etc. Thanks for the offer, but I already own the bpo's necessary to cover the request collateral should I decide to ask for a 10bil load. Cost wise is it eaiser for me to halt the copy process during the load.
If you own the bpos right now, I can offer you a loan on those as collateral. I would have to lock them down and take ceo of the corporation for the duration of the loan. You can keep the copies going, but if you need the loan it would have to wait until the bpos are available to be locked down. If you are willing to cancel the copy jobs now, I'd be able to lock them down and provide the loan right away. Either way it is up to you.
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RAW23
690
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Posted - 2014.02.12 16:05:00 -
[21] - Quote
accidental post There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 16:15:00 -
[22] - Quote
That's alright Grendell.
The purpose of this thread is mainly to get some answers to a few questions of mine. I have yet to decide if I want to ask for a loan. Also due to the fact that my corporation hold a decent amount of other assets would I not be willing to hand over the CEO roles.
Currently building carriers and rorquals. Contact me for a cheap capital ship. |
Grendell
Technologies Unlimited Superior Eve Engineering
824
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Posted - 2014.02.12 16:21:00 -
[23] - Quote
The BlackPrince wrote:That's alright Grendell.
The purpose of this thread is mainly to get some answers to a few questions of mine. I have yet to decide if I want to ask for a loan. Also due to the fact that my corporation hold a decent amount of other assets would I not be willing to hand over the CEO roles.
Best advice I could give would be to move the bpos to another corp for the duration of the loan if you are not comfortable having me CEO of that main corp. You could also provide other forums of collateral, just about anything else works.
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The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 16:23:00 -
[24] - Quote
Grendell wrote:The BlackPrince wrote:That's alright Grendell.
The purpose of this thread is mainly to get some answers to a few questions of mine. I have yet to decide if I want to ask for a loan. Also due to the fact that my corporation hold a decent amount of other assets would I not be willing to hand over the CEO roles.
Best advice I could give would be to move the bpos to another corp for the duration of the loan if you are not comfortable having me CEO of that main corp. You could also provide other forums of collateral, just about anything else works.
Given that this sort of deal is mainly based around trust (especially towards the thrid party) is there any reason why you can't just hold on to the BPO's while the loan is active? Currently building carriers and rorquals. Contact me for a cheap capital ship. |
flakeys
The Mjolnir Bloc The Bloc
2038
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Posted - 2014.02.12 16:45:00 -
[25] - Quote
The BlackPrince wrote:Grendell wrote:The BlackPrince wrote:That's alright Grendell.
The purpose of this thread is mainly to get some answers to a few questions of mine. I have yet to decide if I want to ask for a loan. Also due to the fact that my corporation hold a decent amount of other assets would I not be willing to hand over the CEO roles.
Best advice I could give would be to move the bpos to another corp for the duration of the loan if you are not comfortable having me CEO of that main corp. You could also provide other forums of collateral, just about anything else works. Given that this sort of deal is mainly based around trust (especially towards the thrid party) is there any reason why you can't just hold on to the BPO's while the loan is active?
If you only need someone to hold it as collateral you are free to request a loan directly with me and i'll hold the collateral myself.
Edit : nevermind i noticed grendell offered to do the loan too , so go wiith him IF/WHEN you decide to go through with this.The interest rates usually are the same for all of us so first come first served .
We are all born ignorant, but one must work hard to remain stupid.
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Rainbow Dash
Dreddit Test Alliance Please Ignore
83
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Posted - 2014.02.12 16:55:00 -
[26] - Quote
The BlackPrince wrote:Grendell wrote:The BlackPrince wrote:That's alright Grendell.
The purpose of this thread is mainly to get some answers to a few questions of mine. I have yet to decide if I want to ask for a loan. Also due to the fact that my corporation hold a decent amount of other assets would I not be willing to hand over the CEO roles.
Best advice I could give would be to move the bpos to another corp for the duration of the loan if you are not comfortable having me CEO of that main corp. You could also provide other forums of collateral, just about anything else works. Given that this sort of deal is mainly based around trust (especially towards the thrid party) is there any reason why you can't just hold on to the BPO's while the loan is active?
The reason you lock down the BPOs in a corp (or in this case an alt corp) is that you can still use them while, in effect, Grendell is holding them. That way you don't lose access to the BPOs and can copy/produce from them, but if you default you have no way of actually stealing the BPOs.
Just holding them is possible, but then you can no longer access the BPOs. The corp thing is just flat out better and the way stuff like this is usually done. |
flakeys
The Mjolnir Bloc The Bloc
2039
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Posted - 2014.02.12 16:58:00 -
[27] - Quote
Rainbow Dash wrote:The BlackPrince wrote:Grendell wrote:The BlackPrince wrote:That's alright Grendell.
The purpose of this thread is mainly to get some answers to a few questions of mine. I have yet to decide if I want to ask for a loan. Also due to the fact that my corporation hold a decent amount of other assets would I not be willing to hand over the CEO roles.
Best advice I could give would be to move the bpos to another corp for the duration of the loan if you are not comfortable having me CEO of that main corp. You could also provide other forums of collateral, just about anything else works. Given that this sort of deal is mainly based around trust (especially towards the thrid party) is there any reason why you can't just hold on to the BPO's while the loan is active? The reason you lock down the BPOs in a corp (or in this case an alt corp) is that you can still use them while, in effect, Grendell is holding them. That way you don't lose access to the BPOs and can copy/produce from them, but if you default you have no way of actually stealing the BPOs. Just holding them is possible, but then you can no longer access the BPOs. The corp thing is just flat out better and the way stuff like this is usually done.
Depends what you do with them.He stated he is only copying them and if you look at current freighter copies theyre not worth much.Now iif he was building then it might be worth doing it through a 3rd party corp.
We are all born ignorant, but one must work hard to remain stupid.
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The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 16:58:00 -
[28] - Quote
I understand the idea of the alt corporation, but in order for me to make use of my BPO's would I need access to the tower which means the alt corporation would have to be accepted by my alliance while having someone else's alt in it. That might not be possible but it's worth taking into account.
In any case am I happy to see how active this thread is. Thanks for all the info so far. Currently building carriers and rorquals. Contact me for a cheap capital ship. |
Grendell
Technologies Unlimited Superior Eve Engineering
824
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Posted - 2014.02.12 17:20:00 -
[29] - Quote
It might be worth noting, that I only offer loans on amounts of 10b and over. If it turns out you need less than 10b, you would be better off choosing another lender.
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The BlackPrince
Inner Visions Of Sound Mind
12
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Posted - 2014.02.12 17:23:00 -
[30] - Quote
Grendell wrote:It might be worth noting, that I only offer loans on amounts of 10b and over. If it turns out you need less than 10b, you would be better off choosing another lender.
I went with 10bil because I didn't wanted to go overboard with the first load, but I'll make sure to keep that in mind. :) Currently building carriers and rorquals. Contact me for a cheap capital ship. |
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