BTC lending with collatoral | Bitcointalksearch.org

ACCTseller

hero member

Activity: 532

Merit: 500

no longer selling accounts

Quote from: Burks on March 20, 2015, 05:51:00 AM

Quote from: ACCTseller on March 18, 2015, 08:48:34 AM

He is selling a stream of $7,000 payments, paid annually by a company listed on the NYSE for the next 15 years. The amounts he listed are that would be the value of the annunity based on various discount (interest) rates.

Anyone considering this would need to confirm how credit worthy the company who sold the annunity is as well as the fact that the payments can in fact be assigned.

Excatly.

The collatoral is the anual payments.
It is something like a bond with 15 years duration...
(it is even possible to hedge the future intrest rate, so the risk is minimal...)

why don't you post the company that backs the annunity as not all issuing companies are the same? Also you should post what basis makes you believe that you can in fact sell the annunity without violating the terms of the insurance contract.

Burks

sr. member

Activity: 303

Merit: 250

Quote from: ACCTseller on March 18, 2015, 08:48:34 AM

He is selling a stream of $7,000 payments, paid annually by a company listed on the NYSE for the next 15 years. The amounts he listed are that would be the value of the annunity based on various discount (interest) rates.

Anyone considering this would need to confirm how credit worthy the company who sold the annunity is as well as the fact that the payments can in fact be assigned.

Excatly.

The collatoral is the anual payments.
It is something like a bond with 15 years duration...
(it is even possible to hedge the future intrest rate, so the risk is minimal...)

ACCTseller

hero member

Activity: 532

Merit: 500

no longer selling accounts

He is selling a stream of $7,000 payments, paid annually by a company listed on the NYSE for the next 15 years. The amounts he listed are that would be the value of the annunity based on various discount (interest) rates.

Anyone considering this would need to confirm how credit worthy the company who sold the annunity is as well as the fact that the payments can in fact be assigned.

EcuaMobi

legendary

Activity: 1876

Merit: 1475

Your thread is too unclear OP. Post exact amount you're asking, interest rate, period and collateral you're offering.
If you're just asking for advice then it shouldn't be on the Lending board.

Burks

sr. member

Activity: 303

Merit: 250

Quote from: goose20 on March 17, 2015, 08:33:38 AM

Quote from: Burks on March 17, 2015, 06:36:41 AM

Dear all,

A friend of mine won a poker tournament about 5 years ago.

The price is $7000 per year for 20 years.
The past 5 years are paid out as expected and the poker company is listed on the NYSE.

The theoretical value of the 15 payments with different discount rates is as followed.

0%: 105k
1%: 97.7k
2%: 91.3k
3%: 85.4k
4%: 80.2k
5%: 75.4k
6%: 71.0k
7%: 67.1k
8%: 63.5k
9%: 60.2k

My question, is there a investor who is willing to trade the future payments for BTC at this moment. (and if so, what would be an appropriate rate?)

Not really a currency exchange thread...so this post doesn't belong in this sub-forum.

Anyways, for me, if this was legit and future winnings were transferable etc etc - about 21k-25k would be ballpark value.

Technically, it's a loan (either is USD or BTC, doesn't really matter)

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

You didn't list any kind of collateral.

Neonecrox13

member

Activity: 112

Merit: 10

SAD - no longer active

This belongs in Lending.

goose20

legendary

Activity: 1173

Merit: 1000

Quote from: Burks on March 17, 2015, 06:36:41 AM

Dear all,

A friend of mine won a poker tournament about 5 years ago.

The price is $7000 per year for 20 years.
The past 5 years are paid out as expected and the poker company is listed on the NYSE.

The theoretical value of the 15 payments with different discount rates is as followed.

0%: 105k
1%: 97.7k
2%: 91.3k
3%: 85.4k
4%: 80.2k
5%: 75.4k
6%: 71.0k
7%: 67.1k
8%: 63.5k
9%: 60.2k

My question, is there a investor who is willing to trade the future payments for BTC at this moment. (and if so, what would be an appropriate rate?)

Not really a currency exchange thread...so this post doesn't belong in this sub-forum.

Anyways, for me, if this was legit and future winnings were transferable etc etc - about 21k-25k would be ballpark value.

Burks

sr. member

Activity: 303

Merit: 250

Dear all,

A friend of mine won a poker tournament about 5 years ago.

The price is $7000 per year for 20 years.
The past 5 years are paid out as expected and the poker company is listed on the NYSE.

The theoretical value of the 15 payments with different discount rates is as followed.

0%: 105k
1%: 97.7k
2%: 91.3k
3%: 85.4k
4%: 80.2k
5%: 75.4k
6%: 71.0k
7%: 67.1k
8%: 63.5k
9%: 60.2k

My question, is there a investor who is willing to trade the future payments for BTC at this moment. (and if so, what would be an appropriate rate?)

Topic: BTC lending with collatoral (Read 1117 times)