How a Bank Works

piciumachu · Administrator Data inscrierii: 18/Sep/2010 Mesaje: 39

How a Bank Works
For any market economy, banks are a key element. The role of banks is to take excess capital from those who hold him to place by those who need it. For services, real-world bank collects fees and interest. Exactly the same thing happens in ANNO1777. Anyone can open a bank in which to raise money to put on those who need them.
Bank officers

First you need to mention that it makes a clear distinction between their own funds of banks and depositors’ money. Also, all loans are guaranteed by the government. If unable to pay the depositors, the state budget will cover the losses. A virtual bank is a type of society like any other. Needs inputs and labor to produce products and provide services based products.
Banks attract money deposits and current accounts for interest and places offering money to those in need through loans. Banks also allow money transfers between accounts. Generally the interest rate offered by banks is lower required interest. Profit comes from the difference of interest offered / required and the duties on transfers / withdrawals / deposits of money.
Means of production and banking products
A bank uses paper as raw material. Based on the paper produces certificates of deposit, current account certificates, credit certificates and transfer forms. Each product is used to provide specific services. Without these items in stock bank can not provide a specific type of service.
Certificates of Deposit – For each deposit at a bank, a certifict deposit is consumed. No stock certificates, bank deposits can not offer.
Certificates of current account – each account opened at a bank, a certifict consumed current account. No stock certificates current account can not open current accounts.
Credit Certificates – For each credit offered by banks, credit consumed a certifict. No stock certificates of credit, banks may offer loans.
Transfer certificates – for each bank transfer done, certifict consumed a transfer. No transfer certificates, the banks can not make transfers. These certificates are made on the means of production and labor employed by the bank.
Fund credit

In a bank depositors’ money coming from current accounts and deposits are kept in a special fund called the Loan Fund. Bank manager has access to the fund so it can not withdraw money from the fund unless previously invested money in his own money in the bank. Taking money from the Fund for payment of cash withdrawals or loans. Also in this fund flows all the money from deposits and current accounts opened at the bank. Interest from bank accounts to pay the company. Also interest rates and bank charges by paying all the company accounts.
Inability to pay

Every day, banks pay interest on deposits and current accounts opened. Also it is charged daily interest from those who have bank loans. Both interest earned and interest due is paid in banks’ own accounts. If a bank runs out of money for interest payments, then all affected accounts will be closed be it a deposit or current accounts. Money refunded to depositors of the bank’s lending fund whether or not the money available to fund (the Fund may enter less).
If a player does not have money to pay daily interest, the money will be withdrawn and forced the player will enter the account minus. If the loan contract that refusing to play, and the account is closed for inactivity, the state budget will bear the negative balance. For this reason noted above that all loans are guaranteed by the government.
Loans
Anyone can contact a credit if you worked at least five days.
Maximum credit that can be contracted credit is computed using the formula = Revenue x indicator, where I = maximum credit that can be contracted revenue = revenue from work on the last N days, where N is the number of days they will atingere credit, indicator = maximum degree of indebtedness stable governments. Maximum degree of indebtedness is a fixed percentage of individual governments. Can vary between 10% and 1000%.
Consider an example. In the last 10 days, player A had an income from work of 400 RON. Indebtedness established by the government is 300%. Players will be able to access a loan of 1,200 RON next 10 days. There is also an indicator that indicates the government maximum credit that can be taken. Suppose this maximum threshold is 1,000 GBP. In the above case, the player may take only 1000 GBP.
To contact a bank loan and go to page review details.
Any bank can set interest rate and credit period that is granted. Banks can set up five types of loans. You can contact only the maximum credit allowed. Intermediate values are not accepted. After the contract, interest will be deducted automatically from the bank every day. Even if you have money in the account, the bank will be forced retarge money and the balance could reach the red. On maturity, the bank will withdraw the value forced loan.
In contracting credit, money is taken from the bank’s lending fund. But interest payments on their accounts is that one bank. Also lending fund collects money and eventually return.
Current Accounts
Bank accounts are tools that can have immediate access to money. You can open an account with the bank’s presentation page. After opening a current account at a bank in the game, you can start operations immediately deposit, withdraw or transfer money. Note that each type of operation is charged by the bank. You can see a list of bank accounts held in page Accounting / Financial Assets / Accounts & Loans. All of that page you can submit / withdraw / liquidate or transfer money. Pressing extras have access to transactions with the account list.
Deposits
Unlike current accounts, bank deposits have a valid default. During this period you have no access to money from stocks. The money will be automatically refunded with interest due date. You can open a direct deposit bank presentation page. After opening the store you can see information on page referitoatre Accounting / Financial Assets / Accounts & Deposits. Dobnda bank is paid daily directly into storage.
Remittances

You can send money from an account in any other account opened in the same currency. You can not transfer money or slave owners. Also you can not transfer money if you have a loan. To transfer the money go to page Financial Assets / Accounts & Loans, choose the account you want to transfer, transfer button and fill out all information carefully. Transfers are made immediately.
Fees and commissions

Banks establish their own fees and commissions. It is advisable to carefully check these fees before you borrow or make bank transfers. The bank offers interest on current accounts and collects the deposit. The bank collects fees for these transactions:

1. Cash deposit accounts;
2. Withdrawals from current accounts
3. Transfer the money from a bank account to another.

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