I'm not going to give away our entire business model - that might be a little self defeating!
Suffice to say the market we operate in has matched billions of dollars worth of loans over the years without a single case of default and there's a large enough margin to deliver the returns we've advertised, cover transaction costs and bank a little profit once all's said and done :)
Guess the people would like to know where the interest will be paid from and why your model is secure ;-) Why should anybody send you sbd without knowing what is going on?
See my edit above. The loans we make are secured as the borrower has to put down sufficient collateral. Borrowers also remain liable in the unlikely event of default.
USD - terms are generally very short term: 1-48 hours. We do face exchange risk if SBD appreciates above a dollar again, but we should be able to handle it.
How are they secured and what for rates do to charge for lending?
I'm not going to give away our entire business model - that might be a little self defeating!
Suffice to say the market we operate in has matched billions of dollars worth of loans over the years without a single case of default and there's a large enough margin to deliver the returns we've advertised, cover transaction costs and bank a little profit once all's said and done :)
Guess the people would like to know where the interest will be paid from and why your model is secure ;-) Why should anybody send you sbd without knowing what is going on?
See my edit above. The loans we make are secured as the borrower has to put down sufficient collateral. Borrowers also remain liable in the unlikely event of default.
Ok I will keep an eye on that. Sounds interesting. Are you lending money or sbd to the borrowers?
USD - terms are generally very short term: 1-48 hours. We do face exchange risk if SBD appreciates above a dollar again, but we should be able to handle it.
Thanks for explanation.