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blankseplocked EBANK BOND - 30B @ 12% Yield, 90 Day Maturity, Min 1 Bil, No Max
 
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Hexxx
Minmatar
Posted - 2008.01.30 22:29:00 - [1]
 

Edited by: Hexxx on 31/01/2008 13:34:13
Edited by: Hexxx on 31/01/2008 01:30:40
Edited by: Hexxx on 31/01/2008 00:31:30
Edited by: Hexxx on 30/01/2008 23:43:13
Edited by: Hexxx on 30/01/2008 23:08:06
Edited by: Hexxx on 30/01/2008 22:32:51
Edited by: Hexxx on 30/01/2008 22:30:30
edit: Reminder...DAMNIT, forgot the cap

http://www.eve-bank.net/
REMINDER!!!

This Bond has a one-time payment of 12% at the maturity of the Bond. This works out to 4% every 30 days but please understand there is only one dividend which is paid at the Bond maturity.

REMINDER!!!


All EBANK deposits should be sent to "EBANK Ricdic"


EBANK is releasing it's first Bond @ 30 billion. It will be sold in increments of 1 billion. Please feel free to secure more than 1 billion however! Now...there are some details about this you should know.

1) All isk for Bond purchases will be debited from your EBANK account. I'd let you buy them directly from within the EBANK interface...but I'm not done coding that yet. Future EBANK Bonds (yes, there will be more) will be purchased via sell orders from EBANK's website.

2) Those who do purchase EBANK Bonds will see their purchase in a new page that will go live in a week. This page will show the next value of that investment along with details related to that specific security.

3) Ok, I'm tipping my hand a bit here. This is the beginning of something much larger than just a Bond. Some of the more observant people can probably take a guess at what that might be.

In summary, please post here if you intend to buy an EBANK Bond. Remember, 1 billion minimum. If you already have the isk in your EBANK account, that's fine, you don't need to do anything else. Those of you who DON'T have the money in your EBANK account; transfer that in if you intend to purchase a Bond. Make sure it's in your sweep account....else I'll grab it from checking/savings. =P

I'll be handeling this in a semi-manual fashion in the beginning. Dividends will be paid at the end of 90 days. There will be no daily/weekly/monthly dividends.

At the maturity of the Bond, principle will be repaid plus the yield of 12% directly to your EBANK sweep account.

p.s. Yes, one person could buy this out.


Reserved:
Marcus Baltar - 1 billion
Jaarlax - 1 billion
Coconut Joe - 1 billion
Ulecese - 1 billion

26 billion remaining. Bond is open to a buyout as well. There is not limit.

Yiasa
KronDair
Posted - 2008.01.30 22:41:00 - [2]
 

Edited by: Yiasa on 30/01/2008 22:41:32
hmn something fishy is going on, all the sudden 30, 100, 200b bonds/ ipo's
popup from everywere, after a month off remouring that theres 1000b available
on the markets for investing. I would suggest people to please be careful to
where you spend you're iskies (as always btw) but even more so. It might be
just me but I see a scary trend going on and are afraid of one massive scam
yet again. (As a tip, try to diverse you're investments to reduce risks).

Marcus Baltar
Savaran Zhayedan Spah
Posted - 2008.01.30 22:47:00 - [3]
 

Edited by: Marcus Baltar on 30/01/2008 22:48:12
First(for once)? Not first reply Sad

Put me down for a billion.

Will transfer the money to EBANK sweep account as soon as it is liquidated.

Robacz
Essence Enterprises
Posted - 2008.01.30 22:50:00 - [4]
 

Is it 12% for 90 days or per month?


Something larger... sounds like you plan Bond/Stock market run by EBANK? No longer use poor ingame share system and distribute bonds/shares & dividends via EBANK software, from EBANK corporate accounts, to EBANK bond/shareholder accounts?

Calgorac
The Arrow Project
Morsus Mihi
Posted - 2008.01.30 22:50:00 - [5]
 

hmm correct me if im wrong please... but, are you saying full repayment pluss a one time interest payment of 12% after 90 days? so just 4% per 30 day?

if so, cool :)


Hexxx
Minmatar
Posted - 2008.01.30 22:52:00 - [6]
 

Originally by: Robacz
Is it 12% for 90 days or per month?


Something larger... sounds like you plan Bond/Stock market run by EBANK? No longer use poor ingame share system and distribute bonds/shares & dividends via EBANK software, from EBANK corporate accounts, to EBANK bond/shareholder accounts?



A one-time payment of 12% at the maturity of the Bond. This works out to 4% every 30 days but please understand there is only one dividend which is paid at the Bond maturity.

Jaarlax
Ratty Corp PLC
Posted - 2008.01.30 23:03:00 - [7]
 

I'll take 1 bond, better there than in my checking account lol
Account is in this chars name
Thanks

Coconut Joe
Sebiestor Tribe
Posted - 2008.01.30 23:29:00 - [8]
 

I'll take one as well. I got exactly 1 bill in ebank allready, so just move it over.

Shar Tegral
Posted - 2008.01.30 23:29:00 - [9]
 

As is usual there is more to the story than just a simple bond issuance. While there is a very valid direction and purpose to this particular bond we are also doing a feasibility test on various financial vehicles. Part community interest, part coding ability, and totally worthwhile determination.

This time out we are testing bonds (which I'm against btw) as opposed to CD's (which everyone else is against - I lose). The timing of this actually has nothing, absolutely nothing, with any other project here at MD. This does include Ricdic's OMG initiative (which I still consider just on hold).

Instead of stating unfounded suspicions why not try the simple expedient of asking questions. I don't see any reason why we wouldn't answer them unless the questions are overly intrusive to another depositor or customer of Ebank. Other than that I think everything is pretty much fair game.

That's just a suggestion though. I would not want people's heads to explode if they couldn't use alts to troll their betters now would we?

Kwint Sommer
Caldari
Deep Core Mining Inc.
Posted - 2008.01.31 00:06:00 - [10]
 

Originally by: Shar Tegral

This time out we are testing bonds (which I'm against btw) as opposed to CD's (which everyone else is against - I lose). The timing of this actually has nothing, absolutely nothing, with any other project here at MD. This does include Ricdic's OMG initiative (which I still consider just on hold).



Personally, the way most bonds are done around here I fail to see a difference between them and a CD. They both have a set rate of return, a set end date, buyout/early withdrawal with a fee and are supposed to be risk free. What significant difference am I missing?

Hexxx
Minmatar
Posted - 2008.01.31 00:12:00 - [11]
 

Originally by: Kwint Sommer
Originally by: Shar Tegral

This time out we are testing bonds (which I'm against btw) as opposed to CD's (which everyone else is against - I lose). The timing of this actually has nothing, absolutely nothing, with any other project here at MD. This does include Ricdic's OMG initiative (which I still consider just on hold).



Personally, the way most bonds are done around here I fail to see a difference between them and a CD. They both have a set rate of return, a set end date, buyout/early withdrawal with a fee and are supposed to be risk free. What significant difference am I missing?




You can't sell a CD to someone else.

Shar Tegral
Posted - 2008.01.31 00:14:00 - [12]
 

Originally by: Kwint Sommer
Personally, the way most bonds are done around here I fail to see a difference between them and a CD. They both have a set rate of return, a set end date, buyout/early withdrawal with a fee and are supposed to be risk free. What significant difference am I missing?
Mostly auto-rollover. Where the CD itself stays entirely intact until it is withdrawn (the principal) and upon maturity date the interest is automatically deposited to your "sweep" account. (Being just a generalized gather point) Early withdrawal, imho, would see the penalty of no interest.

The key thing at this point is mostly about managing volatility. Admittedly I'm probably a bit excessive in my concerns regarding volatility however it's caused by the same things that make Ebank mostly successful. Having your funds available to you, the depositor, when you expect it to be. (Teller transaction delay not withstanding - I think we are doing awesome on the turnover rate though.)

Leowen
Industrial Giants
Posted - 2008.01.31 00:15:00 - [13]
 

Originally by: Shar Tegral

Instead of stating unfounded suspicions why not try the simple expedient of asking questions.


IMO there was no stating of unfounded suspicions, there was a note of caution. I believe that to be a good thing.

I have no reason to believe this is a scam, or that EBANK will falter honestly or dishonestly at some point, nor of course do I have and founding for such a belief. But at the same time there is no proof that it couldn't happen.

Caution is a good thing. What we're talking about here is a low-return unsecured bond with a fixed term. Yes the issuer of said bond has a very strong reputation, and all indicators say investments should be safe. But it is still a low-return fixed term unsecured bond. If some people are slightly nervous of that, that doesn't make them scaremongers.

Caution is the only thing that protects us from the Riethe's of this world. Your 2b hit in the recent statement is testament to that.


Leo

Shar Tegral
Posted - 2008.01.31 00:20:00 - [14]
 

Edited by: Shar Tegral on 31/01/2008 00:20:48
Originally by: Shar Tegral
Instead of stating unfounded suspicions why not try the simple expedient of asking questions.
Originally by: Leowen
IMO there was no stating of unfounded suspicions, there was a note of caution. I believe that to be a good thing.
Originally by: Yiasa
hmn something fishy is going on
Caution is one thing indeed but that was just stating something unfounded and unsubstantiated. Spreading FUD is often disguised as helping others when in truth... it's just spreading FUD.
Originally by: Leowen
Your 2b hit in the recent statement is testament to that.
What 2b hit? Where?


Ulecese
Ihatalo Research and Development
Posted - 2008.01.31 00:24:00 - [15]
 

please reserve me 1 billion isk worth

Leowen
Industrial Giants
Posted - 2008.01.31 00:29:00 - [16]
 

Originally by: Shar Tegral
Edited by: Shar Tegral on 31/01/2008 00:20:48
Originally by: Shar Tegral
Instead of stating unfounded suspicions why not try the simple expedient of asking questions.
Originally by: Leowen
IMO there was no stating of unfounded suspicions, there was a note of caution. I believe that to be a good thing.
Originally by: Yiasa
hmn something fishy is going on
Caution is one thing indeed but that was just stating something unfounded and unsubstantiated. Spreading FUD is often disguised as helping others when in truth... it's just spreading FUD.
Originally by: Leowen
Your 2b hit in the recent statement is testament to that.
What 2b hit? Where?




I have no beef with you nor EBANK nor anyone within it, but there is a growing element of EBANK and it's board becoming unquestionable these days. EBANK as I see it is the most diligently-operated financial operation in EVE right now, but that does NOT make it unquestionable, nor should it. I believe the poster was pointing that out, and it is for the greater good of the community that somebody does so.

The EVE community needs to provide it's own checks and balances system, and cautious folks are a key part of that.

The 2b in question was EBANK's investment in Riethe that Ricdic is covering I believe. My point was and is that no-one and no one corporation should ever deserve complete trust. Not in a faceless online game.


Leo



Shar Tegral
Posted - 2008.01.31 00:38:00 - [17]
 

Originally by: Leowen
I have no beef with you nor EBANK nor anyone within it, but there is a growing element of EBANK and it's board becoming unquestionable these days.

>applauds<

Any more soapbox speeches you have?

Since you seem semi-proficient at reading did you not see the part where I said please ask questions instead of making statements? I mean, show me where I'm against asking hard questions, show me where I'm saying we are unquestionable, heck weren't you here when Ric and I bumped heads?

Sheesh, I guess I'll just chalk you up as a demagogue as you sure got loud, defiant, and completely disconnected from reality while doing it. But you are right, just very wrong thread.

(That's a consolation prize btw as I think you're off your rocker with that tirade there.)

Shar Tegral
Posted - 2008.01.31 00:40:00 - [18]
 

Hexx thinks I should have just said, "I agree" but I just hate it when someone steals my own words and tries to own them as if they were suddenly the voice of reason.

(This means Hexx will be spanking me later.)

Leowen
Industrial Giants
Posted - 2008.01.31 00:41:00 - [19]
 

Edited by: Leowen on 31/01/2008 00:47:10
LOL.

And you are abrasive, uncompromising, and limited to a single perspective. Your own. Let's just agree to leave it there shall we?

EDIT: Now you got my back up. If you don't want me to defend my statement don't attack it.

It's worth repeating here in the interest of not originally wanting to compromise EBANK's efforts or derail this thread, I do not question the integrity of EBANK or it's board. Nor do I question this offering.



Hexxx
Minmatar
Posted - 2008.01.31 00:43:00 - [20]
 

Originally by: Leowen
LOL.

And you are abrasive, uncompromising, and limited to a single perspective. Your own. Let's just agree to leave it there shall we?



That's why he makes such a fantastic Director, no danger of group-think with Shar around.

I think the points have been made and agreed to. Let's get back to selling this Bond. Very Happy

Shar Tegral
Posted - 2008.01.31 00:51:00 - [21]
 

Originally by: Leowen
And you are abrasive, uncompromising, and limited to a single perspective. Your own. Let's just agree to leave it there shall we?
True but I do limit myself to being right as a compensation.

The irony is that we are both in agreement. No one should be above question. It's people who insinuate without asking questions that annoy me. (So yes, COAD is like dental surgery without anesthesia.)

Admiral Grevious
Posted - 2008.01.31 01:08:00 - [22]
 

I would like to purchase 1 bond, please.

Hexxx
Minmatar
Posted - 2008.01.31 01:10:00 - [23]
 

Just a reminder; you will need either the amount already in an EBANK account or you will need to transfer the amount to an EBANK account.

Shar Tegral
Posted - 2008.01.31 01:27:00 - [24]
 

I forgot to say: Transferring 1 billion isk to Ebank Ricdic to purchase one bond please.

Lo Lightshard
4 wing
-Mostly Harmless-
Posted - 2008.01.31 01:38:00 - [25]
 

Edited by: Lo Lightshard on 31/01/2008 01:39:26
I will take one. Cash will be transfered later today.

FastLearner
Fury Holdings
Brutally Clever Empire
Posted - 2008.01.31 01:46:00 - [26]
 

I'd hazard a guess that this is to finance a loan to someone. Raising capital for loans by issuing bonds makes much more sense than using ISK from savings accounts - as although the rate paid is slightly higher you (EBank) isn't left with 30 billion of unutilised cash on which to pay 3% interest when the loan is repaid.

I'm guessing that - as this is pretty much what I'd do (but with a higher rate) if I ever was approached for a loan which I didn't have the ISK to hand to finance. The downside for investors is, of course, that their ISK isn't retrievable until the expiry date if something offering a higher rate of interest comes along. But that's true of all bonds - and not something specific to this one (though the low interest rate makes a healthy secondary market very unlikely).

Hexxx
Minmatar
Posted - 2008.01.31 01:51:00 - [27]
 

Originally by: FastLearner
I'd hazard a guess that this is to finance a loan to someone. Raising capital for loans by issuing bonds makes much more sense than using ISK from savings accounts - as although the rate paid is slightly higher you (EBank) isn't left with 30 billion of unutilised cash on which to pay 3% interest when the loan is repaid.

I'm guessing that - as this is pretty much what I'd do (but with a higher rate) if I ever was approached for a loan which I didn't have the ISK to hand to finance. The downside for investors is, of course, that their ISK isn't retrievable until the expiry date if something offering a higher rate of interest comes along. But that's true of all bonds - and not something specific to this one (though the low interest rate makes a healthy secondary market very unlikely).


It's our first try at a Bond, we'll see how it goes and also how this new area of business (commericial loans) goes.

Treyish
Vana'diel Industries
Posted - 2008.01.31 03:09:00 - [28]
 

I'll take 1 billion isk worth.

Astorothe
Aperture Science Industries
Posted - 2008.01.31 03:45:00 - [29]
 

I don't really see this as a very enticing bond. It's probably a lot more secure than some I have and would invest in, but the actual profits are very low but have been gift wrapped to look more appealing than they are. It's also an unapologetically obvious promotion to get peope to put more ISK into their E-Bank accounts.

I'm still waiting for the real customer-focused value add-ons that you guys keep promsing us.

If you invest in this, you will make money (very little) because EBank are very secure - but you could make a shed load more doing much better things with it. However, laziness is a blessing in disguise for a lot of us, and something I profit of all the time myself so I will call myself a hyprocrite first, and move on to my lunch ugh

Hexxx
Minmatar
Posted - 2008.01.31 03:48:00 - [30]
 

Originally by: Astorothe
I don't really see this as a very enticing bond. It's probably a lot more secure than some I have and would invest in, but the actual profits are very low but have been gift wrapped to look more appealing than they are. It's also an unapologetically obvious promotion to get peope to put more ISK into their E-Bank accounts.

I'm still waiting for the real customer-focused value add-ons that you guys keep promsing us.

If you invest in this, you will make money (very little) because EBank are very secure - but you could make a shed load more doing much better things with it. However, laziness is a blessing in disguise for a lot of us, and something I profit of all the time myself so I will call myself a hyprocrite first, and move on to my lunch ugh


Thank you, come again? Very Happy

In seriousness though, you are right. This is also something of an experiment for us and a way to test some things.



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