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Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.08.13 06:23:00 - [1]
 

Welcome to a new way of Eve banking.

SHSG is proud to present Eve Phased Credit Bank. This is a new way of thinking about Banking in New Eden. What we offer is a no hassle, no scam, low risk, pay on demand credit banking.

EBNKS is a credit based banking system, that revolves around player loans. This idea was floated by us last summer, and after trials and tests we think its a good no scam system.

We have 2 main investors that have placed liquid assets into the bank to start. With the start up Isk we are ready to start giving collateralized loans.

This brings us to how the core of how the bank works......

EBNKS is in the business of making loans, and investing in corporate finance. Our core customer accounts will be loan holders who have successfully paid off, or are making on time scheduled loan payments. This is how they grow their bank accounts.


"Phased Credit Banking"

Q: What is a "Credit Bank" ?
A: A "Credit Bank" is a saved pool of Isk, from interest you have paid from previous loans, or regular interest payments on current loans.

Q: So the interest i pay you from a loan goes into this Bank?
A: Yes. Each time you take a loan and repay it, your paid interest goes into your private pool called your "Credit Bank Account"

Q: What is the "Credit Bank Account" used for?
A: The "Credit Bank Account" is a pool of Isk used by you to reduce needed collateral on future loans, or to withdraw in liquid Isk once per cycle. (minus withdraw tax)

Q: So as my personal "Credit Bank Account" grows i can use it in place of collateral?
A: Yes the amount in your "Credit Bank Account" counts as collateral against a loan @ a 2/1 ratio.

Q: 2/1 Ratio?
A: Every 2 Isk in your account counts as 1 Isk collateral.

Q: How do i grow my "Credit Bank Account" ?
A: Every time you take out a loan, the interest you pay goes into your "Credit Bank" Pool. You can also deposit Isk to increase your account pool.

Q: How do you get paid?
A: We charge a 25% service fee on interest at the end of each loan. We also charge a monthly maintenance fee of 1.5% on each "Credit Bank Account".

Q: Can I earn Interest on my account?
A: Yes, if you sign up to allow EBNKS to use your "Credit Bank Account" for making loans to other account holders, you will gain interest each month based on your % of the loan coverage.

Q: Can i withdraw Isk from my "Credit Bank Account" ?
A: Yes you may withdraw up to 20% of your account balance once per cycle. There will be a service tax for withdraws.

Q: Do you accept public deposits?
A: We are not yet set up for general public open ended depositors at this time. This may change at a later date once we work out a hard asset coverage system for public accounts, but for now we are in the loan business.

Q: Are you selling shares for this bank?
A: Not at this time, but that may change if we expand in the future.

Q: So whats the angle?
A; Simple, we offer the only Eve Bank that allows you to earn Isk back from your loans. Allows you to grow a safe, low risk, easy to access personal account,allows you to earn interest, and lets you withdraw Isk when you need it.


I know more info will be needed, and we at SHSG will try to answer questions as best we can. We will have a 7 day question/answer period before we launch.

**Disclaimer**
This post is an announcement of intent and record. Interest Rates, Fee's & Charges are subject to change before launch. We reserve the right to make changes as needed from public feedback before launch.


Thanks

Stealing Honest
CEO SHSG
COB SH4U
COB EBNKS

Ray McCormack
Nordar Innovations.
Posted - 2011.08.13 06:50:00 - [2]
 

Hmm, is this a troll? The idea is good, but the name and ticker suggest otherwise...

Zamestian Han
Posted - 2011.08.13 06:51:00 - [3]
 

Edited by: Zamestian Han on 13/08/2011 07:46:32
Edited by: Zamestian Han on 13/08/2011 06:53:10
Proud to be said "scam" at first place!

P.S.:I have very strong feeling that you will say "Hey idiots! How did you miss 'Stealing' part of my name!?", one day.

flakeys
The Great cornholio's
Paper Tiger Coalition
Posted - 2011.08.13 07:42:00 - [4]
 

Originally by: Ray McCormack
Hmm, is this a troll? The idea is good, but the name and ticker suggest otherwise...



As did his name when he started asking for loans , it's his trademark appearantly Wink

Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.08.13 19:02:00 - [5]
 

The bank corp has been formed, and the ticker is in place. Once we get the ledgers in place we will open the doors.


SH

Serene Python
Posted - 2011.08.13 19:55:00 - [6]
 

Damn all we're missing is a 4U in there...

Florestan Bronstein
24th Imperial Crusade
Posted - 2011.08.13 20:21:00 - [7]
 

Originally by: Stealing Honest
we will open the doors.

:tinfoilhat:

Nimrod Nemesis
Amarr
Royal Amarr Institute
Posted - 2011.08.13 21:00:00 - [8]
 

Phased, hahahaha.

MatrixSkye Mk2
Minmatar
Posted - 2011.08.14 12:22:00 - [9]
 

You made it too obvious, OP Confused.

Way too obvious.


AnakieNine
Posted - 2011.08.14 22:29:00 - [10]
 

Edited by: AnakieNine on 14/08/2011 22:29:36
Originally by: Serene Python
Damn all we're missing is a 4U in there...


It is there. You just missed it.
Quote:
Stealing Honest
CEO SHSG
COB SH4U
COB EBNKS

Angsty Teenager
Posted - 2011.08.15 00:30:00 - [11]
 

Confirming that I am one of the main investors cited here:

Quote:
We have 2 main investors that have placed liquid assets into the bank to start. With the start up Isk we are ready to start giving collateralized loans.


-jirry peepridge faniboii.

Zia Pow
Eve Phased Credit Bank
Posted - 2011.08.18 17:36:00 - [12]
 

Just an update for Record.

I am the CEO for Eve Phased Credit Bank [EBNKS]. As most know i am an alt of Stealing Honest the CEO of [SHSG]. We are wholly owned along with Stealing Honest Manufacturing Investment [SH4U] by Stealing Honest Speculation Group LLC [SHSG].

I am the only active teller, or bank employee. All bank interactions will take place through myself and only myself.

[EBNKS] will be ready to begin offering our loan packages starting the 22nd. Our depositor ledger will become active closer to end of month. The bank is also in negotiation with a 3rd core investor.


Thanks
Zia Pow aka SH
CEO [EBNKS]

Gatan Hahran
Posted - 2011.08.18 19:51:00 - [13]
 

-Do you publish the identity of 2/3 core investors when you start?
-Who will have access to the isk?

Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.08.18 20:08:00 - [14]
 

Originally by: Gatan Hahran
-Do you publish the identity of 2/3 core investors when you start?
-Who will have access to the isk?




If they agree i see no harm in it. I'll ask them and get back to you.

As stated Zia is the CEO and the Only Teller for EBNKS, that said i will have full access to all bank funds because its a shared account.


SH

Jerry Pepridge
Posted - 2011.08.19 00:13:00 - [15]
 

Originally by: Stealing Honest
Originally by: Gatan Hahran
-Do you publish the identity of 2/3 core investors when you start?
-Who will have access to the isk?




If they agree i see no harm in it. I'll ask them and get back to you.

As stated Zia is the CEO and the Only Teller for EBNKS, that said i will have full access to all bank funds because its a shared account.


SH


i thought zia was your alt?

Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.08.19 01:12:00 - [16]
 

Originally by: Jerry Pepridge

i thought zia was your alt?



That's correct.

Jerry Pepridge
Posted - 2011.08.19 01:28:00 - [17]
 

Originally by: Stealing Honest
Originally by: Jerry Pepridge

i thought zia was your alt?



That's correct.


so who are you sharing the account with?

Coffe's Babe
Caldari
Posted - 2011.08.19 01:32:00 - [18]
 

Me, obviously.

ps: can't decide. italics or bold?

Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.08.19 01:42:00 - [19]
 

Originally by: Jerry Pepridge
Originally by: Stealing Honest
Originally by: Jerry Pepridge

i thought zia was your alt?



That's correct.


so who are you sharing the account with?



With Zia, i thought we covered this already.


SH

Zia Pow
Eve Phased Credit Bank
Posted - 2011.08.26 22:28:00 - [20]
 

Eve Phased Credit Bank [EBNKS] is now open, and will start processing loan applications tonight (We only have 1 so far, buts its a start).


Zia


Plato Idari
Posted - 2011.08.27 20:16:00 - [21]
 

I would like to get acquire a loan of 50 million isk from the new "Phased" Credit Bank.

The 50 million isk will be used to further fund my existing day trading on the Jita market without selling shares in another corporation I own.

I have 50 shares of SH4U purchased (and hopefully still valued) at 50 million isk, I will offer as interest payments on this loan 50% of the dividend that those shares yield.


P.S.
this was the lowest risk way I could think of toying with the new bank ;)

Zia Pow
Eve Phased Credit Bank
Posted - 2011.08.28 05:35:00 - [22]
 

Just getting home, and i need some sleep, but as soon as i wake up, ill eve mail you. I like this idea :)

MasterChief351
Gallente
Atlas Research Group
Posted - 2011.08.28 09:12:00 - [23]
 

I Have a Question.

I Assume There Is a Plan Floating Around To Set-Up a Domain So You Can View These So Called "Accounts" And Like easy viewing of your loans etc...

Also I Am Interested I Am Just Saying That a Forum Thread Will Not Cover Everything in my honest opinion.

Zia Pow
Eve Phased Credit Bank
Posted - 2011.08.29 02:50:00 - [24]
 

Originally by: MasterChief351
I Have a Question.

I Assume There Is a Plan Floating Around To Set-Up a Domain So You Can View These So Called "Accounts" And Like easy viewing of your loans etc...

Also I Am Interested I Am Just Saying That a Forum Thread Will Not Cover Everything in my honest opinion.



At first we will use a simple spread sheet set, that will be available to account holders. We are small and this will suffice for now.

Zia

Caliph Muhammed
Caldari
Caldari Naval Criminal Investigative Service
Posted - 2011.08.29 04:32:00 - [25]
 

Originally by: Stealing Honest
Holy Sh*t, this has more spin then ive seen in a long long time. Damn YARRRR!!


You posted this in my thread. Would you mind clarifying what you meant by it?

Celeste Benal
Posted - 2011.08.30 09:25:00 - [26]
 

Phased... Phazor... coincidence?

Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.09.01 06:58:00 - [27]
 

[EBNKS] is now open, and has added its first accounts. If you wish to contact a teller eve mail Zia Pow.

SH

Caliph Muhammed
Caldari
Caldari Naval Criminal Investigative Service
Posted - 2011.09.01 07:20:00 - [28]
 

Edited by: Caliph Muhammed on 01/09/2011 07:22:00
I've been waiting a few days for you to clarify what you meant by the comment you left in my thread. I took it as negative and im pretty sure you meant it as such.

My impression is that you are going to use the veneer of successful bonds to try and legitimize your running of a bank. This is your cashout scam. I think you believe yourself more intelligent than the rest of the playerbase and you named it as such so when you reveal your theft you'll be able to gloat how others ignored the signs and deserved the abuse of trust.

But hey, what do I know?

Stealing Honest
Stealing Honest Speculation Group LLC
Posted - 2011.09.01 19:48:00 - [29]
 

Thanks to everyone that has been sending mails asking about the bank. Just a reminder to please remove CSPA charges if you wish for a Teller to contact you or reply to mails.

SH

Zia Pow
Eve Phased Credit Bank
Posted - 2011.09.08 07:00:00 - [30]
 

We have moved operations to the new forums. We will see you all there. YARRRR!!




Zia Pow

CEO - Eve Phased Credit Bank [EBNKS]


 

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