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TornSoul
BIG
R i s e
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Posted - 2006.08.15 22:25:00 -
[1]
BIG Merchant Bank of EVE
www.BIG-EVE.com/BMBE
Yes, you read it right, the BMBE is "selling" ISK.
This is of course done in the form of loans 
The BIG Merchant Bank of EVE[BMBE] is the premier banking service in EVE, and opened it's doors for business 1st of february 2006.
Sofar the BMBE has loaned pilots of EVE close to 100B ISK!!!
Yes thats a 1 with 11 zero's - 100,000,000,000!
The ISK used for loans have been raised via shareholder ISK (selling shares), meaning that the BMBE is a publically owned corporation that pays out dividend.
Most business for the BMBE comes from pilots wanting to buy t2 BPO's, where the BMBE offers an affordable way to get into this line of business for pilots who would otherwise not be able to.
Have a look at the BMBE website to see what your options are.
Our most popular loantype is the RISP loan, where you pay only the weekly interest on the loan - and decide yourself when you want to actually pay of the actual loan (minimum runtime of 8 weeks however).
The cost of a RISP loan is 3.5% a week of the original loan amount.
Meaning that a 1B ISK loan would cost you 35M a week.
Before you head over to the nearest t2 BPO auction however, heres a bit of advice :
If the t2 BPO you intend to buy is your only means of income, and you furthermore have to loan the full amount in order to buy the BPO, then you can probably not afford it (the loan).
If you on the other hand have a bit of cash saved up already, then the BMBE is your golden oppertunity to make that grow even more (especially after the loan has been paid of), by getting hold of a t2 BPO that would otherwise be out of your reach (by borrowing the last bit of ISK from the BMBE to make the purchase)
The above example is the ideal situation for a BMBE costumer.
Happy buying
BIG Lottery
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TornSoul
BIG
R i s e
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Posted - 2006.08.15 22:26:00 -
[2]
(reserved for further posting)
BIG Lottery
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David Darkstar
Caldari
Regeneration
Axiom Empire
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Posted - 2006.08.15 22:30:00 -
[3]
How do you guys protect yourselves agains people taking up a loan, transferring the money to another account and then just not paying back? 
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Baun
Celestial Apocalypse
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Posted - 2006.08.15 22:34:00 -
[4]
 Originally by: David Darkstar
How do you guys protect yourselves agains people taking up a loan, transferring the money to another account and then just not paying back?
By not missing the collateral valuation by more than 25%.
The Enemy's Gate is Down
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Tami Auryn
Natural Evolution
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Posted - 2006.08.16 16:08:00 -
[5]
Subscribing to this service means i get more dividends to aford feeding my many children, please think of the little children.
BMBE ISK Loans |
scabbsssjr
Gallente
|
Posted - 2006.08.16 16:19:00 -
[6]
This interesting and I want to read more about it, but your site appears to be down. 
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TornSoul
BIG
R i s e
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Posted - 2006.08.16 19:07:00 -
[7]
Originally by: David Darkstar
How do you guys protect yourselves agains people taking up a loan, transferring the money to another account and then just not paying back?
Collateral is required ofc.
Dealing with this level of ISK a pretty face just aint enough I'm afraid
Originally by: scabbsssjr
This interesting and I want to read more about it, but your site appears to be down.
*Someone* forgot to tell his registrar he had moved... and thus the domain-renewal bill where sent to the old address (and thus didnt get paid)
Should *hopefully* get fixed sometime tomorrow (if the registrar aint a complete a**hole about it ofc...)
Sorry about this... (and no it wasnt me who forgot )
BIG Lottery
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Jinx Barker
Gallente Federal Bank
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Posted - 2006.08.16 19:30:00 -
[8]
You probably the only person in the WHOLE of EVE I would ever trust with my ISK Tourn. I remember how you have dealt with few crises that arised int he past, and how you did get to the bottom of all of them and kept BIG name trustworthy and clean.
Anyway, to make long story short, any investment oportunitys available? So long as you are in charge dear. Let me know if there are and good luck in either way.
JB.
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Jenny Spitfire
Caldari
LoneStar Industries
Veritas Immortalis
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Posted - 2006.08.16 19:35:00 -
[9]
Originally by: Jinx Barker
You probably the only person in the WHOLE of EVE I would ever trust with my ISK Tourn.
Me too. My ISKs are Tornsoul's. 
----------------
Cruelty is God's way of showing kindness.
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Heikki
Gallente
Wreckless Abandon
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Posted - 2006.08.16 21:34:00 -
[10]
Originally by: Jinx Barker
any investment oportunitys available?
Our Wall Street EGSE seems to have some BMBE shares for sale; around 3B worth quite close to IPO prices (but missing a dividends splits so far).
-Lasse
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Baun
Celestial Apocalypse
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Posted - 2006.08.16 23:45:00 -
[11]
I think it would help greatly if TS posted some examples of how the service could be used (specific ones) in order to fuel peoples' imaginations.
The Enemy's Gate is Down
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BozZy Tar
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Posted - 2006.08.17 19:53:00 -
[12]
any ETA on when the site will be up and running? I would like to have more info on this...
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Tami Auryn
Natural Evolution
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Posted - 2006.08.17 23:12:00 -
[13]
Originally by: BozZy Tar
any ETA on when the site will be up and running? I would like to have more info on this...
It's up for me now...
BMBE ISK Loans |
Baun
Celestial Apocalypse
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Posted - 2006.08.18 04:46:00 -
[14]
Originally by: BozZy Tar
any ETA on when the site will be up and running? I would like to have more info on this...
The site had a short downtime but the service has been running for several months now.
They also have quite a bit of free capital ready for someone to use.
The Enemy's Gate is Down
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Dust Angel
True Core
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Posted - 2006.08.18 05:46:00 -
[15]
The site seems to be down.
_____________________________________
Stressed out with empire politics?
Sansha's Nation helps clear your mind.
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Thut'ankh Amon
Dragons Of Redemption
Veritas Immortalis
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Posted - 2006.08.18 06:48:00 -
[16]
the site works perfectly for me.. now to figure out how to use the shoping basket
There can be only one Amon
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Baun
Celestial Apocalypse
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Posted - 2006.08.18 07:25:00 -
[17]
Originally by: Thut'ankh Amon
the site works perfectly for me.. now to figure out how to use the shoping basket
Well thats odd, because I think the site actually still IS down. It probably will come back up within 1-2 days I think.
The Enemy's Gate is Down
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Thut'ankh Amon
Dragons Of Redemption
Veritas Immortalis
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Posted - 2006.08.18 07:46:00 -
[18]
Edited by: Thut''ankh Amon on 18/08/2006 07:48:10
odd im happily reading things on it and playing with shopping basket - searching stuff thro it and such - tho im unable to find item im searching for - vindi :P
EDIT: aaaaah it works perfectly but not on items normally unavailable for market sales such as faction/officer mods :)
There can be only one Amon
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Ralle030583
Gallente
The Phoenix cor
Phoenix Allianz
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Posted - 2006.08.18 08:51:00 -
[19]
are the "prizes" fix?
a few mio ISK for a Hulk isnt't so realistic ...
and BPO's are missing to.. pherhaps that you can enter ME and PE so the worth is rising a bit.
with that prizes i would only put T1 Items/Ships in the basket.
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Dust Angel
True Core
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Posted - 2006.08.18 09:03:00 -
[20]
wont let me put mission trade goods up... i.e. rewards from a mission like soil and toxic waste.
_____________________________________
Stressed out with empire politics?
Sansha's Nation helps clear your mind.
|
HunTarr
Gallente
Knights of Chaos
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Posted - 2006.08.18 09:24:00 -
[21]
1m for a viator? 1.7m for an occator?? what'd i miss?
--------------Sig-------------------------
Share the love! |
Dollars
|
Posted - 2006.08.18 11:49:00 -
[22]
Edited by: Dollars on 18/08/2006 11:54:13
I am sorry, but can you change your name to "Shark Loans Inc." pawnshop. It doesnt look like bank at all.
Bank - place that gives MORE money than collateral
Pawnshop - place that gives MUCH LESS money than collateral
They only descent loan-to-cost ratios I found was on some Minerals, but if you have minerals, why would you keep them as collateral while you could sell them?
Since nothing in this game goes UP (pricewise), any time you stockpile anything - you lose.
As previous poster said, could you give any "viable scenarios" when you can use those loans? Only cases I see, it is when you need "money now! and fast!" - and thats pawnshop style again. But even in that case, you take only very easily liquidated assets, like easy to sell minerals etc.
Lets see, for HULK (450mil retail) you give 2,419,840 isk!!! Even EVE declares base NPC price as 29mil+ for that. 'Arbalest' Siege Missile Launcher - 7,686 ISK? Implant "Crystal Omega" - 6,525 ISK?!? wow! what a "deal".
Your idea is a joke. You right, any credit - is trust, and in virtual game you cant trust anyone. So forget about it.
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Baun
Celestial Apocalypse
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Posted - 2006.08.18 20:38:00 -
[23]
Some things are not immediately clear, and honestly the website is largely useless.
They accept T2 BPOs as collateral but not T2 items or Faction Items.
It would be nice if TS were regularly checking the thread also, but contact him for significant loan requests using T2 BPOs.
The Enemy's Gate is Down
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Rusom Rokath
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Posted - 2006.08.20 11:40:00 -
[24]
Originally by: Dollars
Your idea is a joke. You right, any credit - is trust, and in virtual game you cant trust anyone. So forget about it.
Actually, the BMBE has been running this service for a while now, and they have made a nice profit of it. Perhaps you should do a little research the next time you say something won't work.
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Baun
Celestial Apocalypse
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Posted - 2006.08.21 08:39:00 -
[25]
TS, you need to actually keep up with this thread or else it will become useless.
The Enemy's Gate is Down
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Heikki
Gallente
Wreckless Abandon
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Posted - 2006.08.21 11:11:00 -
[26]
Originally by: Dollars
pawnshop .. doesnt look like bank at all.
That is probably the most correct term, although BMBE offers a bit more services (like production for you).
Loans against modules are not that feasible; most practical use so far been when you want to buy a T2 BPO, and use that your future BPO as the collateral.
Another viable scenary could be, where you have a huge remote stack of NPC loot (named and normal mods), and need extra ISK now. Rather than sell the loot at under priced bundle, you use it as a collateral. Then you could some less busier day fly there and start putting them in market for proper price. Shouldn't matter much to you if the collateral is undervalued, since you intend to pay the loan back.
And for those wondering the low collateral value on T2 items: I reckon it is automatically calculated based on the value of minerals contained there in (ignoring T2 components). Originally by: Dollars
Your idea is a joke
Thought it might amuse you, atleast BMBE is getting ISK from the project. Got any better suggestions for working loan mechnism? Preferably without the need to watch and predict fluctuating market prices constantly.
-Lasse
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Baun
Celestial Apocalypse
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Posted - 2006.08.21 14:01:00 -
[27]
Originally by: Heikki
Originally by: Dollars
pawnshop .. doesnt look like bank at all.
That is probably the most correct term, although BMBE offers a bit more services (like production for you).
Loans against modules are not that feasible; most practical use so far been when you want to buy a T2 BPO, and use that your future BPO as the collateral.
Another viable scenary could be, where you have a huge remote stack of NPC loot (named and normal mods), and need extra ISK now. Rather than sell the loot at under priced bundle, you use it as a collateral. Then you could some less busier day fly there and start putting them in market for proper price. Shouldn't matter much to you if the collateral is undervalued, since you intend to pay the loan back.
And for those wondering the low collateral value on T2 items: I reckon it is automatically calculated based on the value of minerals contained there in (ignoring T2 components). Originally by: Dollars
Your idea is a joke
Thought it might amuse you, atleast BMBE is getting ISK from the project. Got any better suggestions for working loan mechnism? Preferably without the need to watch and predict fluctuating market prices constantly.
-Lasse
Another possibility is that you have a Capital Fleet sitting around not in use (this is actually true of almost all capital fleets the majority of the time anyway), and want to be able to use the isk they represent without selling the ships.
The Enemy's Gate is Down
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Taurequis
Waylander 01
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Posted - 2006.08.23 11:46:00 -
[28]
Best...
Title...
Ever...
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JP Moregain
Gallente
Moregain Guaranty Trust
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Posted - 2006.08.23 16:42:00 -
[29]
Originally by: Dollars
Edited by: Dollars on 18/08/2006 11:57:08
I am sorry, but can you change your name to "Shark Loans Co" pawnshop. It doesnt look like bank at all.
Bank - place that gives MORE money than collateral
Pawnshop - place that gives MUCH LESS money than collateral
The only descent loan-to-cost ratios I found was on some Minerals, but if you have minerals, why would you keep them as collateral while you could sell them? Why would you ask for 85isk cash loan (with mad weekly %%) when you have 100isk easily liquidated assets on hand?
Since nothing in this game goes UP (pricewise), any time you stockpile anything - you lose.
As previous poster said, could you give any "viable scenarios" when you can use those loans? Only cases I see, it is when you need "money now! and fast!" - and thats pawnshop style again. But even in that case, you take only very easily liquidated assets, like easy to sell minerals etc.
Lets see, for HULK (450mil retail) you give 2,419,840 isk!!! Even EVE declares base NPC price as 29mil+ for that. 'Arbalest' Siege Missile Launcher - 7,686 ISK? Implant "Crystal Omega" - 6,525 ISK?!? wow! what a "deal".
Your idea is a joke. You right, any credit - is trust, and in virtual game you cant trust anyone. So forget about it.
A few inaccuracies in this post...
The idea that RL banks always lend more than they take as collateral is highly inaccurate. A typical mortgage is done at 80% loan-to-value (LTV) ratio, at least here in the states. And most bank originated auto loans are also less then 100% LTV unless you are going into the high cost 'sub-prime' market where they charge an arm and a leg.
The reason that you might percieve that the bank lends you more than they take as collateral is because they hold a lien on the title to the mortgage or auto which allows them to take legal possession of the asset should you default. So you put in some money (down payment...) and get a loan that is bigger BUT the bank has collateral which is worth more in most cases becuase of the legal strucure set up to encourage lending.
This is one of the structural weaknesses in EVE (possession = 100% of the law, no 'title' system) that makes it hard to operate as a lending bank. Hats off the Torn for making the effort, I may/will eventually compete when the structural issues are less of a problem.
Regards,
JP
"In JP We Trust, All Others Require Collateral..." |
TornSoul
BIG
R i s e
|
Posted - 2006.08.24 19:21:00 -
[30]
@Jinx Barker & Jenny Spitfire
Thanks
------
A note about the shopping basket, and the value assinged to items.
The value is *solely* based on the amount of minerals that an item can be recycled into.
The numbers for this have been gotten from t20's data export.
Originally by: Heikki
And for those wondering the low collateral value on T2 items:
<snip>
Shouldn't matter much to you if the collateral is undervalued, since you intend to pay the loan back.
Excactly...
Many seems to completly miss this point.
We are *not* out to actually buy your stuff!!!
We really really dont want it to be honest.
Hence we are making damn sure, that you *also* really really dont want us to have it 
Originally we didnt want to mess with the prices of anything but minerals, as these are fairly stable, while things as t2 components could change quite a bit from week to week etc (at least back then).
Hence why the value of say a Hulk looks outrageous.
Due to the fact that the shoppingbasket has never actually been used by any serious loantakers - I've never bothered to do the necessary coding to include t2 components in the value of items.
Originally by: Baun
Some things are not immediately clear, and honestly the website is largely useless.
So there.
-----------
Originally by: Taurequis
Best...
Title...
Ever...
I found it quite catchy as well
BIG Lottery
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