Assignment.Exchange, tool for lenders and debt collection agencies.

Analyzing the behavior of Assignment.Exchange users, we have noticed that a large number of our customers use the assignment exchange system as a means of collecting claims. Collection companies are one of the largest clients whose claims are sold individually or in portfolios to potential investors. At the same time, there is a tendency for receivables put up for sale to be personally intended only for the debtor and to invite the debtor to negotiations or to announce that the receivable is for sale on the assignment exchange.

By offering such a personal trading opportunity to the debtor, both parties also remain hidden from the public. The creditor sends a notice to the debtor by e-mail listing the claim, and the debtor can make his offer or enter into negotiations with the creditor over-the-counter. The creditor may terminate the listing and may also be directed to the public trading site.

Lenders and debt collection agencies with a larger amount of claims can use the assignment exchange system to communicate with the debtor and send the claim. For larger volumes, we agree to assist the listing process and transfer the claim information electronically to the assignment exchange system.

We also make special solutions for larger customers.

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Ecex.Exchange, who are the actors behind the assignments trading.

The assignments exchange need for work not only perfect code and reflection on the global markets but every level player, who are willing to make unusual deals with the different class of assets. These persons are the souls of the business and they have the crucial role in the start of the business. We all know the saying that who is the first client. Ourselves of course. But who is the second? If the second client coming there are only two problems left, raise the number of clients and keep tabs on the quality of your product.

There are some definitions before we can go further:

What is a ‘Creditor’ and How Creditors Make Money

A creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future. A business who provides supplies or services to a company or an individual and does not demand payment immediately is also considered a creditor, based on the fact that the client owes the business money for services already rendered.

Creditors can be classified as either personal or real. People who loan money to friends or family are personal creditors. Real creditors such as banks or finance companies have legal contracts with the borrower, sometimes granting the lender the right to claim any of the debtor’s real assets (e.g. real estate or cars) if he fails to pay back the loan.

Simply, creditors make money by charging interest on the loans they offer their clients. For example, if a creditor lends a borrower $5,000 with a 5% interest rate, the lender makes money due to the interest on the loan. In turn, the creditor accepts a degree of risk that the borrower may not repay the loan. To mitigate risk, most creditors index their interest rates or fees to the borrower’s creditworthiness and past credit history. Thus, being a responsible borrower could save you a substantial sum, particularly if you are taking out a large loan, like a mortgage. Interest rates for mortgages vary based on a myriad of factors, including the size of the down payment and the lender itself; however, one’s creditworthiness has a primary impact on one’s interest rate.


Long story short creditor is the owner of rights and these rights are on a form of written contract. This written contract is the object of the next contract – assignment.  

Contract assignment.

A contract assignment means that a party to the contract assigns the entire contract to another party. This means that the party gives the obligations and benefits of an existing contract to another party. This situation occurs when a party to a contract wants another party to completely step in and fulfill the contract.

The ability to assign a contract to another party is a fairly common practice in contracts law. This type of assignment is common in a wide variety of different contract situations.

Assignment of Rights

There is also a second type of assignment. Sometimes, an assignor will only make an assignment of rights. This means that the original party remains obligated to fulfill the contract, but another party receives the contractual benefits.

Assignor and Assignee

An assignor can be an individual, a group, or a business.

The assignor is the party that transfers its contractual rights to another party. In a contract assignment, this means that the party transfers both the contractual obligations and the contractual benefits. In an assignment of rights, this means that the party transfers just the benefit of the contract.

The assignee is the party that receives the rights and obligations under the contract but wasn’t an original party to the contract. Usually, an assignee receives the contract rights and obligations directly from an original party to the contract.

Obligor and Obligee

An obligor is a party that is obligated to do something under the terms of a contract.

You will sometimes hear the term ‘obligor’ used to describe a ‘borrower’ or a ‘debtor.’ This is common because many contracts are debt contracts, but it’s important to note that obligors can be required to do something other than repaying debt. Obligors can be obligated to perform a particular task or even to refrain from a particular activity.

Whenever we have an assignment and an obligor, we’ll have an obligee.

Real Life

On the Ecex.Exchange assignment market the user have to detect what role he or she can play. There are different possibilities to make money and different products which can be useful in several life situations. If you have some claims against your neighbors you can sell the claims, if you have an open agreement about selling your work or product you have easy possibilities to refinance your investment to this project. If you need a loan, you can sell a loan agreement against yourself.

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Ecex.Exchange will open obligation listings.

We are glad to inform you Ecex.Exchange is now open almost 3 years. The assignments and receivables market has moved very fast and Ecex.Exchange is ready for the next development. 

The next steps will open Ecex.Exchange more for wide range customers, providing market participants with a greater opportunity to earn. We will allow list all obligations and help debtors submit a tender for obligation and offer a price for the obligation that hopefully satisfies both parties.

The hardest decision needs to be made by the debtor. There are always personal fears that prohibit and restrict us from disclosing our economic situation. But if we weigh possible outcome we probably agree with ourselves. And there is no shame on the creditor, as there is a high probability that both parties will make a good deal.

There are always imaginations and visions which move our practice. Our original business idea was always to allow customers trade assignments, assets which are usually bank property or business as account receivables on the balance sheet. Account receivables usually nobody considers the trading target. But assignments and account receivables are legal constructions that are well defined and can be the subject of transactions.

But all these assets are at the same time somebody’s obligations. And this somebody can list the obligation in the form of advertisement, with a desire to repurchase the claim against itself, make an offer for a possible agreement.

We will open obligation listings and will allow customers to contact their creditors for agreements possible loan reliefs. 

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Ecex.Exchange – This is the beginning

Our first steps in the assignment market are made. We are ready to list all kinds of assignments, trade them and let our clients decide the outcome. Ecex.Exchange väike logo

Ecex.Exchange Trading Platform (EETP) clients’ visions.

EETP users will be very different economic agents who willing to perform a very different set of agreements. EETP blueprints show us, trading systems are meant for various universal agreements

based on assignments from antic cession agreement logic and that there are possibilities to use EETP that all future exploitation is impossible to present.

Here are a little overview and examples of what private people and companies can do with EETP.

1.Private person.

The simplest problem for the private person is personal loans and loan agreement. Assume that Private Person wants to take a loan 5000 euros. The easiest use is to sell loan agreement against her/himself on EETP. It means loan buyer is lender and lender can be the assignor and sell loan forward trough stock like a bid/ask system. Buyer is the assignee and a Private person loan is on a free market. Everybody can buy it through EETP.

A private person can, of course, be as the assignor and sell all her/his assignments on EETP. The process is very simple. Private person log to EETP, there will be Jumio like identification, after that she/he downloading all assignment-related documents to digital container, read NDA and assignment agreement, place the price to assignment and after the submitting data the assignment is on EETP and Private person role is assignor and her/his assignment is on market.

A private person can as assignee to find the financier for temporary bills or other loan agreements that she/he has to pay. Adding documents to assignment digital containers and put the price Privat person can sell all different obligations she/he owns.

2. Company

Mostly same thing as the private person: Then about possibilities, then the company can sell loans and banks and credit companies have to buy them through simple assignment agreements. Keep in mind that loan agreements and other related documents are in the digital container and belong to an assignment agreement. Assignee determines the provisions and the assignor have to agree if the assignor wants to buy and all this takes place in the marketplace, there mostly the same picture as the stock market only instruments are assignments.

3. Financial institutions.

Let say that Italia gets busted. There are a hundred banks, wanting to sell the loan agreements and the only way is by phone to find the old classmate in China and try to pitch the quality of the distress loan portfolio.

EETP has a solution. Italian banks can but as assignor all loans to one digital container and spread the selling information through EETP to possible buyers and even give in ask side indicative offer. And maybe there will be in ten minutes the deal and the unknown for Italian bank manager Soul credit company bought all loans.

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