Subscribe to this topicForums > General Investment Discussion > Topic: Very Long Term Insurance Certificates (VLTIC), for FED & ZEN shareho
| Jan 28th, 23:54 Andy Grant |
Very Long Term Insurance Certificates (VLTIC), for FED &
Edited by author Jan 29th, 01:04 |
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| I'm please to announe the lanuch of RA's newest product. Very Long Term Insurance Certificats (6months +) for selected companies in limited quantity. Based on my market research, i wanted to offer a different addition to protecting your investments without competing with the already existing insruances available (ie: weehly insurance from TFIG, or monthly / quartery insrunace from The Rock). Most people seem to demand a longer term certificates at a reasonable price, and this is the birth of VLTIC, at first those will be available in only a few selected companies: SLCAPX:ZEN - 6month VLTIC, introduction price: 3.99% for entire period (equivalent to 0.67% a month, or 0.15% a week) SLCAPEX: FED - 6month VLTIC, introduction price: 4.99% for entire period (equivalent to 0.83% a month or 0.19% a week) ISE: SAS - 6month VLTIC, introduction price:5.99% for entire period (equivalent to 0.99% a month or 0.23% a week) Terms are very simple: Delivery is cash, you must own shares at the time of a "bancruptcy event". A bancruptcy event is defined as follows: the company either gets delisted without compensation to shareholders, or the company fails to communicate for a period of 90 days or more, following the default event an investigation lasting upto 30 days will be executed, and after that investigation you will transfer your shares to me (to prevent systematic abuse) and you will be paid the entire amount you insured, to give an example: Let's say you owned 10,000 L$ worth of SAS shares, you pay me 599 L$ and that will cover the next 180 days, should the company then "bancrupt" i will pay you 10,000 L$. Prices are introductionary, and will fluctuate according to demand, those who order first will be guaranteed the lowest price (currently from 3.99%). For ordering, send me an instant message inworld (Attach a notecard if not online), or through the ISE PM/email. *RA's ability to pay:RA currently has 335,368.15 L$ in assets, 182,968.43 L$ only in cash. Investments and cash is diverse, part of our investment portfolio is locked (at our will) at The Rock Fund, the remainder is held at deposit across ISE, SLCAPX and VSTEX and in a few stocks. With this in mind, RA will remain a policy, a firm policy to at any time be able to cover the investment certificates during a reasonable period of time in the event of a "bancruptcy". Should the CEO of RA (me) for any reason cease to exist the procecure is stated here: http://intlstockexchange.com/punbb/viewtopic.php?id=1435 Please post any comments you may have here. |
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| Jan 29th, 00:06 Bogart Beck |
Re: Very Long Term Insurance Certificates (VLTIC), for F | |
| very interesting product concept. eliale, take note ;-) |
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| Feb 1st, 04:23 Andy Grant |
Re: Very Long Term Insurance Certificates (VLTIC), for F | |
| New VLTIC rates. SLCAPX:ZEN - 6month VLTIC, introduction price: 2.99% for entire period (equivalent to 0.498% a month, or 0.116% a week) SLCAPEX: FED - 6month VLTIC, introduction price: 2.99% for entire period (equivalent to 0.498% a month or 0.116% a week) ISE: SAS - 6month VLTIC, introduction price: 2.99% for entire period (equivalent to 0.498% a month or 0.116% a week) :) |
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| Feb 1st, 06:26 Eliale Morigi |
Re: Very Long Term Insurance Certificates (VLTIC), for F | |
| eheheh, Bogart, I took note! Take a look at our new rates! www.therockinsurance.com Of course, Andy's are better because at the same price he has longer expiration dates but, we do offer more companies and with a fully automated system! I like this type of competition! |
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