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  1. quintets

    Derivex - interest free loans?

    Hi Acey, I remember reading recently, that there are alot of very smart people out in the IT dot-com boom who will be one-shot millionaires. The "new paradigm" said the internet had it's own currency, it's own business model and didn't need real money to survive. Some of their investors may...
  2. quintets

    Derivex - interest free loans?

    These three "new" links were communicated to me (and possibly others) this morning by Trevor Cohen himself. He seems to be taking a bit of interest in keeping in touch with forumites. http://www.derivex.com.au/company/licence.htm http://www.derivex.com.au/company/product_lines.htm...
  3. quintets

    Derivex - interest free loans?

    I'm waiting for the PDS. I'm hoping it will be somewhat understandable. After that, then we can all dig into the details behind the PDS with a common understanding. I might have to buy a PDA with a wireless city-wide link just to keep up with the flurry of posts that will happen. :D :D :D...
  4. quintets

    Derivex - interest free loans?

    This is only half an answer, but something to keep in mind. Regular bank loans allow banks to call a loan for whatever reason. It's contractually allowed. NAB Calls in Loan So, I would expect that if Derivex found themselves in strife, they would start calling in loans. Maybe one or...
  5. quintets

    Derivex - interest free loans?

    caution and kudos Thommo, It's great you figured it out. All the same; be careful. That said, I agree with your observation on the circularity of the credit market. Ever since we went off the gold standard, credit has been the driving force in the financing world. Now that we have a...
  6. quintets

    Derivex - interest free loans?

    Nat's right about this waving of Basel II. It's marketing guff. Mind you, it's forward-looking guff, but right now, it's irrelevant. At best, these guys seem to be lining themselves up to be Basel II "compliant" (which is always a rubbery word) when it finally gets implemented. The G10...
  7. quintets

    Derivex - interest free loans?

    borrower financial and legal protection is the key Gosh...I had to print this out to read it on the train this morning. Even then, I read most of the thread twice before coming to a conclusion. I'm going to keep an open mind on this for the time being. This is extremely interesting and I'm...
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