Bank of Canada BoC

Canada Chartered Banks Prime Lending Rate

Canada Chartered Banks Prime Lending Rate | Data | Chart


source: tradingeconomics.com
BUZ INVESTORS  Canada Chartered Banks Bank Lending Rate in Canada remained unchanged at 2.70 percent in June from 2.70 percent in May of 2017. Bank Lending Rate in Canada averaged 7.41 percent from 1960 until 2017, reaching an all time hi gh of 22.75 percent in August of 1981 and a record low of 2.25 percent in April of 2009.




Canada Chartered Banks

Canada Chartered Banks Prime Lending Rate

In Canada, the prime lending rate is the average rate of interest charged on loans by commercial banks to the most credit-worthy borrowers. This page provides – Canada Prime Lending Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Chartered Banks Prime Lending Rate – actual data, historical chart and calendar of releases – was last updated on June of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.70 22.75 2.25 1960 – 2017 percent Monthly

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BUZ INVESTORS PRESS RELEASE Suretly, a Crowdvouching Alternative Suretly is a unique crowdvouching platform that offers an alternative

Suretly, a Crowdvouching Alternative to Peer-2-Peer Lending Announces ICO

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 Crowdvouching and currency lending platform, Suretly announces ICO in July 2017 following a successful pre-ICO round as it prepares to disrupt the P2P lending market.

BUZ INVESTORS PRESS RELEASE  Suretly, a Crowdvouching Alternative Suretly is a unique crowdvouching platform that offers an alternative to conventional P2P lending practice. The crowdvouching model followed by Suretly works in conjunction with microfinancing organizations where investors can vouch for a borrower by offering assurance to repay a portion of the loan amount in case of default. In return for their guarantee, they will receive compensation based on the borrower’s credit rating.

Suretly’s model differs from conventional P2P lending, which requires investors to co-sign for a certain portion of the loan. In this model, a borrower is forced to get many backers to co-sign for the entire amount before they can avail the funds. Suretly mainly targets short-term loans and the platform is already dubbed as the “Tinder for Microloans.”

Suretly, a Crowdvouching Alternative

Suretly’s crowdfunding campaign is set for July 2017 launch, and it will be managed by the platform’s Singapore fund. During the ICO, cryptocurrency community members and investors can purchase SUR tokens and contribute towards the fund. The ICO follows a highly successful Pre-ICO round that raised over $350,000 in less than 48 hours.

The Suretly platform is designed to enable everyone, irrespective of their credit rating to acquire short-term loans when in need. It is also the first crowdvouching platform that allows people to buy and sell micro “suretyships” — agreements that involve a promise by one party to assume responsibility for the debt obligation of a borrower.

The loans are issued by microfinance organizations chosen by the borrower, provided that they attract a sufficient amount of sureties to cover the full loan. Investors on Suretly (vouchers) don’t lend any of their own money to anyone on the platform, and they don’t have to purchase securities either. They merely act as one of the numerous other co-signers, who stand guarantee to pay a small percentage of the borrower’s debt, in the event of a default. Even in such a scenario, the debt owed by co-signers will be relatively insignificant as the loan will be spread out over dozens of different individuals. Meanwhile, the participants continue to receive compensation based on the borrower’s credit rating.

Suretly is currently testing its crowdvouching technology for short-term loans, usually only up to 30 days. This increases profitability for investors, but as a result, they also assume a higher level of risk. As a guarantee for future repayment, Suretly will use not only fiat money but also SUR cryptotokens. The company has already set up its operations in Russia and has plans to enter the US market in Q4 2017.

SUR Token ICO

Suretly is planning to raise between $1.5 – $8 million USD in the next round of financing by selling 15% of its existing shares. Funds raised through the crowdsale will be used to accelerate integration into new markets and countries, spearheaded by a new, soon to be set up legal entity in Singapore. The business in Singapore will also act as an official shareholder and crowdfund initiator. The SUR tokens are created over ETH blockchain for the purpose of crowdsale.

The platform has already assigned an initial rate of 1 ETH = 10 SUR for the crowdsale. Suretly has attractive discounts for the early participants of the crowdsale. During the first hour of the ICO, participants will receive 17 SUR tokens per ETH (70% bonus). Soon after, the number of tokens per ETH will reduce to 15 SUR. As the crowdsale progresses, the number of tokens will reduce daily following a linear progression until it reaches 10 SUR per ETH.

Suretly will stop the token creation process once an equivalent of $8 million is raised or after the ICO expiration date. Upon meeting the fundraising targets successfully, the platform will issue an additional 10 percent of tokens to the option pool for rewarding current and future employees, which will be locked for a 12-month period during which it can’t be sold. The platform also plans to issue a 2 percent bounty in the coming days. The total number of tokens created by the platform will be limited to the ones created by the end its ICO campaign. No new tokens will be created after that.

About Suretly

Suretly is an international financial platform that offers users an investment alternative called crowdvouching. Participants in the platform can earn compensation by vouching for people who are in need of instant loans.

Join the Suretly Crowdvouching ICO Here – https://ico.suretly.com

WeTrust Launches Trusted Lending Circles (ROSCA) Platform, Attracts Participants with Trustcoin Crowdsale

WeTrust Launches Trusted Lending Circles (ROSCA) Platform, Attracts Participants with Trustcoin Crowdsale

WeTrust redefines reciprocal aid over Ethereum blockchain with its Trusted Lending Circles product, launches Trustcoin crowdsale.

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Buz Investors WeTrust Launches Trusted Lending Circles WeTrust, an Ethereum blockchain platform aiming for financial inclusion for the masses has announced the launch of its very first Trusted Lending Circles product. The blockchain-based reciprocal aid platform, leverages smart contracts to allows anyone to create a ROSCA (Rotating Savings and Credit Association) with a group of trusted associates to help one another.

Trusted Lending Circles is the first among many WeTrust products that are yet to be launched. It implements the concept of ROSCA on Ethereum blockchain to create a trustless, transparent, community or a closed user group oriented investment and reciprocal aid system. Trusted Lending Circles currently supports basic ROSCA, created amongst close friends and family. Other upcoming products and features include credit scores, large scale ROSCAs, trusted direct borrowing/lending and mutual insurance. With these blockchain-based products and features, WeTrust aims to provide alternative financial services to over 2 billion unbanked adults across the world.



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WeTrust Launches Trusted Lending Circles

How Trusted Lending Circles Work

The Trusted Lending Circles application allows anyone to create or join a ROSCA. A group of trusted associates participating in the ROSCA agree to contribute a fixed amount at regular intervals based on a mutually agreed framework on how the funds should be distributed among the associates. The collected contribution is then disbursed in a reverse auction, where the lowest bidder is offered the bidding amount and the rest equally distributed among other associates. All ROSCA related transaction details are recorded on the Ethereum blockchain while smart contracts govern the bidding process, ensuring transparency and eliminating the need for a trusted third party or an intermediary.

Bitcoin PR Buzz WeTrust 2

The WeTrust pilot is currently confined to the cryptocurrency community. Once a precedent is set for blockchain-based ROSCAs, the platform will expand to other communities by integrating stablecoins for the benefit of those who are comfortable using stable fiat currencies.

“We envision a system where financial services have aligned interests with the user/ policyholder, and essential financial products are provided at a fair price to users and policyholders. We are building WeTrust to solve this problem.”

 

Trustcoin Crowdsale

WeTrust has announced the launch of its Trustcoin (TRST) crowdsale starting March 2, 2017. During the six-week long token sale, WeTrust will distribute 80 million of the total 100 million Trustcoins among the participants. The remaining 20% is set aside for the founding team and advisors (10 million TRST vested over two years), Finclusion Labs – organization building the WeTrust platform (8 million TRST) and bounty programs (2 million TRST).

Investors participating in the crowdsale can buy Trustcoin with either Bitcoin or Ethereum. Early investors stand to benefit from the bonus. WeTrust offered a 30% bonus on the first day, which was reduced to 25% during the first week. Similarly, those participating during the second, third, fourth, fifth and sixth weeks will receive a bonus of 20%, 15%, 10%, 5% and 0%, respectively.

The Trustcoin token sale participants will receive their Trustcoin upon completion of the crowdsale. These tokens can then be used as a currency for services performed by WeTrust as well as other service providers in the WeTrust ecosystem.

Interested investors and cryptocurrency community members can participate in the ongoing Trustcoin crowdsale by visiting the WeTrust website.

About WeTrust

WeTrust is an Ethereum blockchain-based collaborative savings and insurance platform that leverages social capital, trust networks and blockchain technology to create an inclusive financial ecosystem.



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