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[ECR] EVE Central Reserve - Introductory Thread

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Author	Thread Statistics \| Show CCP posts - 1 post(s)
ECR Tomw	Posted - 2009.08.03 23:08:00 - [1] Signed, I am one of the ECR Directors Will be posting with my main in just a sec to confirm ownership and involvment in this venture.
ECR Tomw	Posted - 2009.08.04 11:21:00 - [2] Originally by: Vaerah Vahrokha Edited by: Vaerah Vahrokha on 04/08/2009 07:01:52 Now, a public statement about the following would be welcome: - Available POS structures for the lockdown BPO collaterals. - Due to the current month, liquidity issues may be expected off the possible clients and thus it's possible your institution will be contacted for loans. How large is your self provided capital to front the startup time in case of many loan requests? - Institution facilities if any? - Is the loan rate of interest compatible with 110% collateral? - Is the account rate of interest compatible and appetible, with being a new institution? Basically a corporate prospectus and strategy beyond the welcome message. " 1. Yes POS's will be avaliable for locked down bpo holders. Standings are in place just waiting for the need to have one up. 2. The Starting Capital the directors have put into the bank is quite large. I am not at liberty to say how much but Selene may poke in and say. 3. No clue what this means? 4. Loan intrest rates are computed based on a number of factors and we feel they are the lowest in the market and have the most room for give and take. 5. Our Starting intrest rates on accounts was designed to allow us the ability to function even if we where bringing in 0 Loan intrest.
ECR Tomw	Posted - 2009.08.04 11:30:00 - [3] Originally by: Ambo Looks nice. Unfortunatley, the returns are just way too low to justify the risk imo. 3% for the 'about-as-safe-as-you-can-get' ebank is the lowest I really consider worthwhile. With this, I can only get 3% if I leave isk there for 12 months and that won't even be compounded. Otherwise, it's just 1.5%. So if I put 10 billion at risk for a month then I'll earn around 150 mil. Not even enough to cover GTC. The fact that I can only put 1 billion in makes it even more pointless. I'm sure you'll find many who will be happy to throw their isk at you though. Good luck with it. I am not sure where your getting your information but our basic savings account is the excat same intrest rate as EBANK's Checking account 1.5%. We then go on to offer even higher if your willing to leave the isk with us for longer periods of time up to 3.0%. You have no option of that with ebank. If your one of the lucky ones with a 3% savings account with the 3b cap thats good for you as not many people have them out 3% Account has no cap but does have a withdrawl limitation. But since all your intrest is paid directly into your sweep account you have instant access to your profits. So if you really compare us for the general population we do pay higher intrest rates on our accounts.
ECR Tomw	Posted - 2009.08.04 11:31:00 - [4] Originally by: Drexciyian Edited by: Drexciyian on 04/08/2009 10:16:42 Originally by: Ambo Looks nice. Unfortunatley, the returns are just way too low to justify the risk imo. 3% for the 'about-as-safe-as-you-can-get' ebank is the lowest I really consider worthwhile. With this, I can only get 3% if I leave isk there for 12 months and that won't even be compounded. Otherwise, it's just 1.5%. So if I put 10 billion at risk for a month then I'll earn around 150 mil. Not even enough to cover GTC. The fact that I can only put 1 billion in makes it even more pointless. I'm sure you'll find many who will be happy to throw their isk at you though. Good luck with it. I pointed this out before and got told they do it because they can due to theres alot of stupid people with alot of money out there ps Hi Ho And who from EVCR told you that? We are not here to prey on people we are here to provide people with isk, another isk steam.
ECR Tomw	Posted - 2009.08.04 11:35:00 - [5] Originally by: SencneS Edited by: SencneS on 04/08/2009 03:32:59 Nice to see EBANKs plans and development placed in another Banks hands LOL Sorry for the small troll, but I can't help but notice a rather large list of things that are already in place or on the table for implementation at EBANK. Not that its a bad thing. Like I have said many times over EBANK is a testament to the fact that there is too much ISK in EVE, and that EVE needs more Banks. I noticed this line here - Bank-Level Deposit Cap: The ability to set a cap on how much ISK can be in interest-bearing savings and CoD accounts, per account type and for the bank as a whole. Care to elaborate on this? The way it reads is you set a limit to say 10b in CoDs and it's whomever gets that 10b in first wins? Because I see this - 12-Month CoD (3.0%): Unlimited This is the same as the 3-month term-limit CoD except it has a 12-month term-limit and pays more interest. And think people would simple invest in the 12-month CoD to fill up the Bank's level and prevent the bank from actually being able to be used for anything else?. Or am I reading this wrong? I assume you're starting small as the Savings account is 1B limit, I assume you're gambling on the fact people will choose 12month Bond for 3% and not worry about anything else. Edit:- Spelling error, could have been confusing. Bank Level Deposit Cap This is our way of controling how much intrest is paying out. Currently the Cap is set at 500b isk. It is an internal control to prevent us from having more intrest bearing isk than we have income to cover it. We have weekly reviews planned for our cap and it should never be bit where it would hinder a users ability to get money into a intrest bearing account of there choice.
ECR Tomw	Posted - 2009.08.04 17:58:00 - [6] Originally by: SencneS Originally by: eVaLF Per the first part :) EBANK has had those plans for how long now and we have yet to see them, over a year now, maybe even going on 2 years. Can't blame another bank for doing it before you. I wasn't saying it's a bad thing, just a carbon copy. Actually if Mr.H ever actually completed his side it would have been done a long time ago. Apart from a few bugs here and there, if I was in charge I would have released the Exchange a LONG time ago, like over 12 months ago. It has seen zero development since until recently. None the less, there is nothing wrong with a second bank offering up the same services as the first. Like I have wished in the past for Banks, welcome to the party, please stay awhile :) ECT - Good to see you're starting so small. So the 500B is a bank level cap, I assume this includes all saves, CoDs etc. Is there a 12month Bond cap as well? Because as Selene can tell you, 500b at 3% is a big nut to swallow. Assuming it's non-compounding that's almost 500mil a day every day. I'm more concerned about running yourself into the ground bigger is not really better. I'm a strong believer in More Banks. So please don't consider this a troll in any way. I dont count you as a troll, We welcome all the feed back from everyone. The 12 month bond is truly cap free with regards to the end user. But it still must fall under the bank cap . Any account that is paid intrest will stay under the cap as a sum of all ammounts in all the accounts. . Is it meor does the stupid text box when full allways flip around while your typing... Stupid forums
ECR Tomw	Posted - 2009.08.04 18:00:00 - [7] Originally by: LaVista Vista Originally by: Lecherito Edited by: Lecherito on 04/08/2009 17:13:27 Am I the only one who thinks that 1.5% is more than quite a bit low for a new bank, especially considering the incredibly low amount allowed in the savings account? -L Just read the bottom of page 1, apparently I'm not the only one I disagree. Did you read the about page? This is clearly not a commercial bank in the same sense that ebank is(e ven if I think it's more the same than they make it out to be, just with more different services) And let's face it. There is plenty of room for competition in the bank market atm. Even at low rates due to dbank and ebanks recent drama. Also the fact that it's fairly trustworthy and wellknown people who's running if justifies if even better Your right in that sense we are very much a bank at heart, With just alot of things that banks dont currently offer and a allot of new funcaility coming soon that no other banks are offering.
ECR Tomw	Posted - 2009.08.04 18:05:00 - [8] To : Ambo Well it comes down to income vr's outlay. While still in the young building phase conservation is key. While we are ready and finacily able to take on large sum's of isk we wanted to ensure our stability and continued Growth. With that said thought we do offer the 12 month cd with unlimited deposit ability. While this is about 1-2% less then a MD forum Bond now days it seems its a secure investment with no risk to your isk. (Well Almost). We Felt having the CD's Pay high intrest would help to ensure allways being solvent and preventing huge spikes and drops in cash flow while at the same time paying customer what there isk is worth. If you feel the rates are 2 low what would you say they should be at?
ECR Tomw	Posted - 2009.08.04 19:22:00 - [9] Originally by: Carrie Mehome A couple of questions about this. 1. Are you still a member of the Eve Bank's board? 2. How many of these ideas where or still are on Eve Bank's drawing bored? 3. Did you originally think of these ideas or did you appropriate these from Eve Bank? 4. If you did appropriate these ideas, did you do it with Eve Bank's consent? 5. Will you still run you Casino after the bank is open? 1. No Selene Left a while ago on good terms 2. At least half that i know off. But i know some of the things on our list to do are not. 3. Alot of our Ideas came form what we think a bank should have. So while not directly appropriated i am sure a few of them came from his knowldge of ebank. 4. Ideas are just that ide's and its a free market... 5. Oh yes EOH Poker is very much alive and well and is not going anywhere.
ECR Tomw	Posted - 2009.08.04 19:25:00 - [10] Comment Correction. Our Launch Cap will be 200b not 500b. Our current Cap for beta is 20b. Just wanted to ensure everyone knows the real numbers. Thanks...
ECR Tomw	Posted - 2009.08.04 23:24:00 - [11] Also Tom, your spelling is as terrible as always =P Best way to tell its me every other word is spelled wrong..
ECR Tomw	Posted - 2009.08.08 18:02:00 - [12] Since i was directly involved in this i can say for a fact no we had no intentions of opening a bank when that was said. It was about 1 week later when me and selene started to talk about the possibility. Ruffly 3 days later we had our 5 memeber board and coding started. So while opening a bank was thought of in the past no choice to acctully start one and get it going was made till a week after his comments. Hope that awsners your questions and when selene gets back into tonight i am sure he will expand in his usuall wall O text fashion.

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