Recent content by StMark

Agree, the problem is not really the 9% but it is all the reporting / auditing that is attached to that, making it a whole mess

We just opened a corporate account with them. Process was quite long, they advertise 2 days but in reality it was 3+ weeks. Also they make you pay a 20$ fee to apply, and once you have applied you are technically considered a client. We managed to speak with an account manager only after...

I have seen 60% being the ask for large size claims (>1M). Small claims are still trading in the range 50-55 subject to preference risk

If you expect the recovery rate to be above the price you pay for the claim it's a good trade for sure. Currently I've seen Celsius claims trading around 35c on the dollar, meaning you pay 0.35c for every 1$ of claim. Potential risks are long settlement time and ballooning legal fees...