TornSoul
BIG
Libertas Fidelitas
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Posted - 2008.11.02 16:38:00 -
[1]
www.BIG-EVE.com/BMBE
- Points of interest
- EBANK agreement
- The numbers
The 32nd BMBE shareholder report
Points of interest
At the beginning of the month BMBE introduced a couple of new "loan brackets".
Interest Loan size
1.0% 50B ISK and above
1.5% 15B - 49B ISK
2.0% 1B - 14B ISK
Also a "sales thread" promoting BMBE was posted in the sales forum.
EBANK agreement
The EBANK agreement finally fell into place at the beginning of the month as well.
The real short version of the agreement is :
BMBE has been given a larger deposit limit than is normally available to EBANK customers.
BMBE has furthermore been given a credit limit of up to 25B ISK @5% monthly.
EBANK reserves the right to terminate the agreement.
Apart from that theres no difference to EBANKs usual terms.
The full agreement is as follows:
- BMBE (proxy via TornSoul or named alt) can deposit up to 50B ISK in an EBANK account - Direct deposit account.
- The BMBE account has a 0.05% daily interest rate (1.5% per month). All interest is compounded daily so the effective month is slightly higher. For the purpose of clarity one month is 30 days.
- BMBE funds, up to 50B ISK, can be withdrawn at any time, but EBANKs usual 48 hour SLA for withdrawels apply.
- As part of EBANKs SLA for withdrawels, it is the responsibility of the customer to demand compensatory interest for every whole 24-hour period beyond the standard 48-hour SLA that EBANK hasn't met the withdrawal. EBANK will pay this retrospectively to the account, and only in the case that EBANK deems it reasonable.
- EBANKs usual terms for amount of monthly witdrawels apply (first 5 are free, after that fees apply as per EBANKs usual account terms)
- Additionally, should BMBE want extra cash over and above what is deposited, EBANK is willing to offer BMBE a Credit Line at our lowest commercial interest of 5%, so that BMBE can have access to additional funds as if it were a commercial overdraft facility. This facility will be made for a maximum of 50% of the maximum agreed deposit, ie 25b. This may be renegotiated if/once we agree interbank lending terms between both banks.
- EBANK will evaluate the agreement every 3 months, and determine if it wishes to continue with the agreement. If the judgement is to not continue the agreement, this will be communicated to BMBE, with a months advance notice of termination of the agreement. Thus the agreement will run for at least 4 months from initiation of the agreement, and after that in 3 month intervals.
The numbers
Oktober Dividends
Total : 842,884,208.87 ISK
Per share : 535,504.58 ISK
Oktober re-investement
Total : 421,442,104.43 ISK
Per share : 267,752.29 ISK
Oktober NAV
Total : 129,236,050,560.31 ISK
Per Share : 82,106,766.56 ISK (1574 BMBE shares public)
End of month liquid ISK
Total : 20,511,860,060.31 ISK
Start of month loan amount
1B ISK
End of month loan amount
51B ISK
Average daily amount on loan
31.645.161.290,32 ISK
Loans
1 New
0 Closed
0 Refinanced
0 Defaulted
Share portfolie
Total value : 57,724,190,500.00 ISK
AATP 25,363 @12,000 ISK
FIN 2,119,513 @6,500 ISK
BSAMR 399,954 @100,000 ISK
BSAMT 36,476 @100,000 ISK
PCT 5,000 @0 ISK
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