Hello every body.
And welcome
MMG is a Merchanting Guild but and Investment Bank too.
We are providing loans as well.

This is a 12h auction.

The price = week interest rate (in % per week)
Item: 290 000TC loan for 2 weeks
Start bid = 2.5% per week
Min rise = 0.5% per week
Autowin = 8%
End time = 12h

The loan agreement will be sent to the winer.

Original rule says:
"Bid withdrawals
- As of now, bidders must* pay the seller 20% of their bid** if they want to withdraw the bid. Refusal to do so will result in a suspension. Inability to pay the 20% fee means that you will be in debt to the seller. When you bid, you are making a commitment to purchase what is being sold if you win. Attempting to go back on stupid or carefree bidding will thus be punished."

Rule transformed for our needs: Please dont bid if you arent sure. For canceling already posted bid, you will have to pay 20% of the 2 week interest that you offer via your interest rate bid. (same rule like in normal auctions)

Example:
If you offer 5% interest rate. and cancel it:

2 week Interest = (290 000TC * (1+0.05)^2 - 290 000TC) = 29 725TC. And 20% of this is 5945TC. Also please dont bid if you arent sure.

For information about Merch Master Guild Information, please follow this link:

http://forum.toribash.com/showthread.php?t=182907