Monday, June 12, 2006

[EMFI] Announces Short Term loans

You need isk now for a few days? You want to invest in shares with shares as collateral?

After 2 pilots we are releasing our very short term margin trading program.

Terms:

Collateral: High profile shares at IPO value
Interest: 1% / day (00:00 to 00:00) + Received dividends during loan period

Already issued a loan for 1.5b and 450m which got paid back within a few days.

This isn't the best proposition, but it is an easy one if you need quick isk for a few days and have a stock portfolio you don't want to liquidate.

Defaulting: weekly interest payment, miss payment by 7 days = losing colleteral

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