Bitcoin Forum

Economy => Lending => Topic started by: gusti on July 04, 2013, 10:12:27 PM



Title: LTC Payment on Difference agreement (6)
Post by: gusti on July 04, 2013, 10:12:27 PM
Agreement between gusti and Scott J.

This agreement is for gusti to pay Scott J the difference over strike price of $2.75 / LTC trading price for an amount of 1000 LTC, at any given time chosen by Scott J before September 6th, 2013.

Price is based on BTC-E exchange LTC/USD rates, and can be executed at any chosen time before expiry, for the price at the time of request, to be verified by time stamped post in this same thread.

Payment will be made by gusti to Scott J in equivalent BTC for the USD amount, with price at time of call based on BTC/USD from an average from MT. Gox, BTC-e.com and Bitstamp, to be verified by time stamped post in this same thread.

e.g. if price at chosen time is $5 / LTC, gusti will pay to Scott J the amount of $2250 equivalent in BTC.

If strike price is not reached before agreement expiry, no payment will be made from each party to the other.

In return, Scott J is paying now to gusti a one-time, non-refundable premium of 150 LTC to address :
LesFARxd7X2PEqmr1UedMLPLLcCSd4Z6Dt




Title: Re: LTC Payment on Difference agreement (6)
Post by: Scott J on July 04, 2013, 10:26:54 PM
Agreement between gusti and Scott J.

This agreement is for gusti to pay Scott J the difference over strike price of $2.75 / LTC trading price for an amount of 1000 LTC, at any given time chosen by Scott J before September 6th, 2013.

Price is based on BTC-E exchange LTC/USD rates, and can be executed at any chosen time before expiry, for the price at the time of request, to be verified by time stamped post in this same thread.

Payment will be made by gusti to Scott J in equivalent BTC for the USD amount, with price at time of call based on BTC/USD from an average from MT. Gox, BTC-e.com and Bitstamp, to be verified by time stamped post in this same thread.

e.g. if price at chosen time is $5 / LTC, gusti will pay to Scott J the amount of $2250 equivalent in BTC.

If strike price is not reached before agreement expiry, no payment will be made from each party to the other.

In return, Scott J is paying now to gusti a one-time, non-refundable premium of 150 LTC to address :
LesFARxd7X2PEqmr1UedMLPLLcCSd4Z6Dt




Agreed.

150 LTC sent: http://explorer.litecoin.net/tx/51dbc8f62650974816aff5f999a781a74e0d9a9661758b6104fb5101fd8fb4bd#o1

Thanks, gusti  :)


Title: Re: LTC Payment on Difference agreement (6)
Post by: gusti on July 04, 2013, 10:34:48 PM
Thanks Scott J, agreement is current.