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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