Two customers wait. One brings livres; the other wants sterling, which you have rather less of than you implied. Your bench is old oak and is not yet broken.
Pawn loan
Guillaume the Dyer
Wants forty florins until the Hot Fair. Offers his late mother's silver ewer, and her blessing.
Lent
40.00 ƒ
Comes back
Troyes, Hot Fair
Rate
12%
Chance he defaults
8%
Collateral
Silver ewer, 30 ƒ
Expected gain
+3.62 ƒ ▲
Repaid (92%): 40 × 1.12 × 0.9241.22
Defaults (8%): ewer 30 × 0.082.40
Less the coin you lend−40.00
Expected gain+3.62 ƒ
Sealed
AccountsLagny Fair, day 60
Settlement
All debts at the fair fall due at once. The clerks have sharpened their quills.
Guillaume the Dyer, repaid44.80▲
Peruzzi bill cleared no coin movedchain ×1.10
Odo of Reims, defaulted mule sold, 9−3.00▼
Settlement fees 4.20 × 1.104.62▲
Net at Lagny46.42 ƒ ▲
GenoaRumours of plague aboard a grain ship. The Genoese deny it, which settles nothing.TroyesThe Count's mint has found a way to make silver go further. Mostly by adding copper.LagnyA Florentine was seen buying livres. Everyone is now buying livres.