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EBANK PHASE III Closed

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Shar Tegral	Posted - 2008.01.04 16:28:00 - [31] Originally by: Hexxx I expect the Board won't let us go through with another expansion phase without doing more work in this area. I wouldn't be so sure myself. This is simply one of the hazards of a "work in progress". IMHO, the status has been in the area of "suitable" and "good enough". Where questions exist, reasonable and prompt answers have always followed. Nothing is ever perfected nor is anything ever as good as some would require it. I would not, myself, hamper progress simply because of this. "Be all you can be" is a motto even idiots and jerks live up to... all to often.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.04 16:35:00 - [32] Originally by: Hexxx The total amount that any single person has access to at any time would be around 10 to 20 billion. Ricdic would obviously be the one holding the high end of this range since all deposits are routed through him before being distributed to the other tellers (myself and Shar Tegal). Mr. Horizontal has oversight on all of us since he has the full API keys of everyone. How are BPOs etc which are lodged with EBank as security for IPOs dispersed between Directors? It occurs to me that those potentially represent more value than the actual ISK held on deposit (as a lot of the actual ISK is invested or out on loan). Those need to be factored in when detailing what level of access various individuals have to customers' assets.
Stardust999	Posted - 2008.01.04 16:57:00 - [33] aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck
Hexxx Minmatar	Posted - 2008.01.04 17:11:00 - [34] Originally by: Stardust999 aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck Yeah...you didn't read the rest of the posts did you? Consulting, IPO Template, and Stock/Bond definitions.
duckmonster GoonFleet GoonSwarm	Posted - 2008.01.04 17:29:00 - [35] Originally by: Stardust999 aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck Don't worry about it stardust. Eve Bank is backed by Goon money. That means, its an investment you can trust. People really need to quit being so nervous. Its OK. This is underwritten. Its not some harebrained money scheme. -----------
Mr Horizontal Gallente KIA Corp KIA Alliance	Posted - 2008.01.04 20:11:00 - [36] Originally by: FastLearner Originally by: Hexxx The total amount that any single person has access to at any time would be around 10 to 20 billion. Ricdic would obviously be the one holding the high end of this range since all deposits are routed through him before being distributed to the other tellers (myself and Shar Tegal). Mr. Horizontal has oversight on all of us since he has the full API keys of everyone. How are BPOs etc which are lodged with EBank as security for IPOs dispersed between Directors? It occurs to me that those potentially represent more value than the actual ISK held on deposit (as a lot of the actual ISK is invested or out on loan). Those need to be factored in when detailing what level of access various individuals have to customers' assets. Hexxx was only talking about the ISK kept liquid for the purpose of fulfilling withdrawal requests. This varies between 15 and 30% of capital depending on how much EBANK expects people to withdraw, versus aggressively using to make ISK. For example when Trinity hit, Ricdic held back 30% expecting a lot of withdrawals when people would buy all the new bits. This 15-30% liquidity pot is split 3 ways between Shar, Hexxx and Ricdic. Regarding the collateral, this is not for public consumption I'm afraid FL. You can rest assured that this has been one of the most heated debates within the EBANK board, and the procedures in place are more than satisfactory. Suffice to say collateral (BPO or otherwise) held by EBANK is dealt with on a case-by-case basis (ie is a BPO researched or not etc, where and how is it locked down etc) but is done in a way that follows procedures and safety protocols approved by the BoD very, very stringently.
I337	Posted - 2008.01.04 20:40:00 - [37] Originally by: Stardust999 aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck Thats a very good question, why cant EBANK answer this to everyone with facts and evidence?
Mr Horizontal Gallente KIA Corp KIA Alliance	Posted - 2008.01.04 20:42:00 - [38] Originally by: Balogh Originally by: Mr Horizontal Total Lent: 49,681,000,001.00 I wonder how that stray 1 ISK got there Yes, some prankster has taken out a 1 ISK loan... Originally by: Block Ukx Originally by: Hexxx Originally by: Block Ukx In EBANKÆs December cash flow statement Hexxx reported 3,702,062,562 ISK in loan repayments, which is no where near the 34,058,882,405.10 ISK historical loan repayments. Which one is correct? Mine is, I only listed loans which occured during the month of December (as opposed to the total loans that have occurred, which is what was listed.). The loans I listed in the report are both active and historic for that period. A historic loan is a loan that has been paid off. Hope that clears things up a bit more. It clears things a bit. Just to make sure we are on the same page. Assuming historical figures can be obtained by adding all the columns in the cash flow statement, then: Historical Loan Issues: 70,907,000,001 ISK Historical Loan Repayments: 3,702,062,562 ISK Outstanding Debt: 67,204,937,439 ISK Any estimate on when will statistics be reported correctly on the website? 3,702,062,562 ISK was paid back in December. This is correct. In total since loans started to now, EBANK has had 34,058,882,405.10 paid back, plus a little more paid in interest charged. Originally by: Block Ukx OK. I defined Historical Loans to include active loans. So in my previous post Historical Loan (Block) = Active + Historical Loan (Hexxx) This is correct. Now, There was an error in the numbers, but before I explain look at the old figures closesly: Loans Current (active) loans: Total Lent: 49,681,000,001.00 Total Repaid: 9,892,882,405.11 Total Debted: 39,788,117,595.89 All loans (historic): Total Lent: 73,847,000,001.00 Total Repaid: 34,058,882,405.10 Total Debted: 39,788,117,595.90 What this means is: - 73.85b - 49.68b = 24.166b has been loaned out and paid back in full. - 34.06b - 9.89b = 24.166b has been paid back. The numbers tally. (ie no interest earned) - Historic debted rate: 39.79 = active debted: 39.79, because it wouldn't be active if it wasn't still debted. So this is also correct. It also means EBANK, from these figures at least, has made 0 interest from loans, which is obviously not true! The error with the old figures is that the Repaid amount was calculated as Total Lent - Total Debted. The figures in Hexxx's cash flow have been pulled out correctly for December, so don't worry about them.
LaVista Vista Corporate Research And Production Pty Ltd Zzz	Posted - 2008.01.04 20:42:00 - [39] Originally by: I337 Originally by: Stardust999 aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck Thats a very good question, why cant EBANK answer this to everyone with facts and evidence? You just like trolling, dont you? Just a shame you are an alt This signature is brought to you by EBankÖ, free space for moderators to brag.
Lyn Li	Posted - 2008.01.04 20:44:00 - [40] Originally by: Mr Horizontal so don't worry about them. Your math did not make any sense... and you are telling your customers to not worry about it? Wow this must be a scam.
Mr Horizontal Gallente KIA Corp KIA Alliance	Posted - 2008.01.04 20:44:00 - [41] The corrected Repaid figures should be a little higher when I actually sum them from the database. This time I haven't bothered formatting the numbers or rounding them - it's a direct C&P out of the DB: Loans Current (active) loans: Total Lent: 49681000001.00 Total Repaid: 12022550312.81 Total Debted: 39489186538.3383 All loans (historic): Total Lent: 73847000001.00 Total Repaid: 36914462016.98 Total Debted: 39489186538.3485 With these figures we can correlate a lot more: - 73.85b - 49.68b = 24.166b that has been loaned out has been paid back in full. Lets call this Matured Principle. - 36.91b - 12.02b = 24.89b has been paid back. This is > 24.166b, and the 0.724b difference is interest on what has been paid back. These deduced figures here only increase as time goes on when a loan matures. - Historical debted rate still = active debted rate. Which is correct, because it wouldn't be active otherwise. The 0.0102 is a result of rounding errors. Upon deactivating a loan, the code saw the balance as 0, when it was 0.0049 or so, but this is irrelevant since no interest is charged nor can it be paid back. This has been fixed. Now with the active loans, accounting is a LOT harder, because you can withdraw on an active loan. Hexxx has a nightmare deciphering what's principle and interest as a result. In fact it's nigh on impossible until the debt is fully paid off. The reason for this is because of the flexible nature of loans as credit accounts. Now of the 49.68b EBANK has loaned that is still outstanding (ie the loan hasn't been closed), this figure will increase when EBANKs lends more, and decrease when the loan is fully paid back (balance = 0). Repaid will also both increase (Total Transferred into loan accounts) and decrease when the loan has closed, and also when the borrower withdraws on the loan (yes you can withdraw on an EBANK loan, like a credit card account). More interest is earned obviously when a higher balance is maintained, so interest earned fluctuates as well. Debted will also increase and decrease in the same relation to repaid, but with a net trend to zero, as loans get paid back. In essence the active figures are very difficult to infer any information from other than giving a snapshot of what's happening in EBANK. Historic figures are far more 'fixed' results.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.04 21:49:00 - [42] Originally by: LaVista Vista Originally by: I337 Originally by: Stardust999 aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck Thats a very good question, why cant EBANK answer this to everyone with facts and evidence? You just like trolling, dont you? Just a shame you are an alt Aren't you an alt too? I know I am.
LaVista Vista Corporate Research And Production Pty Ltd Zzz	Posted - 2008.01.04 21:51:00 - [43] Originally by: FastLearner Originally by: LaVista Vista Originally by: I337 Originally by: Stardust999 aren't pyramid schemes fun? I guess the old scams are still the best scams. 36bn unaccounted for? "Nah...its just a bit of bad documentation...." Good luck Thats a very good question, why cant EBANK answer this to everyone with facts and evidence? You just like trolling, dont you? Just a shame you are an alt Aren't you an alt too? I know I am. Im actually the main. This signature is brought to you by EBankÖ, free space for moderators to brag.
Mr Horizontal Gallente	Posted - 2008.01.04 21:51:00 - [44] Originally by: FastLearner I know I am. An alt of Ricdic?!
Alchemos Gallente Middle School Comedy Club	Posted - 2008.01.04 23:18:00 - [45] who is ******** enough to fall for this scam.
SencneS Amarr Spartan Industrial Manufacturing SMASH Alliance	Posted - 2008.01.04 23:34:00 - [46] Edited by: SencneS on 04/01/2008 23:35:18 Originally by: Alchemos who is silly enough to fall for this scam. Unfortunately I have to disagree with your evaluation of our wonderful service to EVE. However to indulge your mind, we currently have 500 different account holders in EBank all having over 83 Billion into their accounts. I have already stated this on another thread. Please all EBank account holders please check your accounts to make sure what you think has been deposited is in your account. If there really is 36,000,000,000 ISK missing someone is bound to noticed their accounts have been shorted. Be sure if you are missing ISK to post on our forums and these forums in any manner you feel necessary. Edit - Grammatical error #1 Amarr for Life
Titus Lewis	Posted - 2008.01.05 16:53:00 - [47] Wait wait!! Its me! I'm missing 36 billion!! Please forward it to my checking account. Thanks.

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