|
Title: BTC lending with collatoral Post by: Burks on March 17, 2015, 11:36:41 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?) Title: Re: BTC lending with collatoral Post by: goose20 on March 17, 2015, 01:33:38 PM 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. Title: Re: BTC lending with collatoral Post by: Neonecrox13 on March 17, 2015, 01:59:49 PM This belongs in Lending.
Title: Re: BTC lending with collatoral Post by: Vod on March 17, 2015, 06:30:38 PM You didn't list any kind of collateral.
Title: Re: BTC lending with collatoral Post by: Burks on March 18, 2015, 09:46:37 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) Title: Re: BTC lending with collatoral Post by: EcuaMobi on March 18, 2015, 12:12:49 PM 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. Title: Re: BTC lending with collatoral Post by: ACCTseller on March 18, 2015, 01:48:34 PM 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. Title: Re: BTC lending with collatoral Post by: Burks on March 20, 2015, 10:51:00 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...) Title: Re: BTC lending with collatoral Post by: ACCTseller on March 20, 2015, 12:16:31 PM 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...) |