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  1. always_learning

    Derivex - interest free loans?

    Defamation – an intentional false communication that injures another person’s good name or reputation. To amount to defamation, the communication must be published or spoken. Where when? Is it true; Somersoft forumites have intentionally communicated false information about Derivex...
  2. always_learning

    Derivex - interest free loans?

    "....unless the hedging fails" Next question within any twenty year period what is the risk that a chaotic event like the asian meltdown, like 9/11, like the .com bomb, like Russian bond default will happen? And how could this impact Derivex's income generation model? I estimate about...
  3. always_learning

    Derivex - interest free loans?

    Has anyone read When Genius Failed : The Rise and Fall of Long-Term Capital Management Anway some comments about the book And another from http://www.bearcave.com/bookrev/genius_fails.html
  4. always_learning

    Derivex - interest free loans?

    It would appear from Devirex comments that you would be not liable for the entire debt as they are borrowing based on the income stream (what you think is capital repayments), not actually on your property. What is unclear is the status of your capital/principle repayments, whould you be treated...
  5. always_learning

    Derivex - interest free loans?

    APRA says they don’t cover -> talk to ASIC, but then ASIC they don’t cover and to talk with the state department of fair trading -> but they don’t cover until after the fact. This gave me a good idea for an amoral cunning plan , I should create a company that on the surface provided low...
  6. always_learning

    Derivex - interest free loans?

    Well they are not covered by APRA as per the email response to my query. ------------ Thank you for your email dated 29 November 2004. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of most financial institutions in Australia. APRA sets and...
  7. always_learning

    Derivex - interest free loans?

    M. You are a genius, you are really on to something BIG, why dont you and I start a business which offers no-interest and no-principle loans. The customer simply emails us the address of the property and the name of the agent who is selling it, our secret software and team of 120 employee's will...
  8. always_learning

    Derivex - interest free loans?

    Of course you can clain deductions! If you owned the property 100% outright without any finance you can claim the all other costs of rental of the property,ie. Gross Income - Costs of Earning that income = Taxable Income. Anyway the company has yet to write one loan....I dont think they will
  9. always_learning

    Derivex - interest free loans?

    I think this structure is probably legally "legit". Here is the way I think it works Derivex securitize your property, the holder of your title lends money based on the value of your property for a certain percentage rate over a certain number of years, this is what Aussie home loans does...
  10. always_learning

    Derivex - interest free loans?

    I guess those who use the finance will in a few years will discover the "5% conduit" and all you "capital" repayments have disappeared (trading losses) and you will end up in owing the full original finance amount to a third party who has securitized the mortgage. You will be of course be...
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