[Implemented] Treasures and Banks

[Most Lee Harmless]

yippee!

I do hope it includes group mail : trying to develop services for my account holders and let them know about offers and such is a pain when you have to c/p every mail to them individually.

[Most Lee Harmless]

Another restriction we are thinking is to limit the client base of each bank according to level. So, for levels 1-5 (for example) the bank can serve only same nation players (national). At level 6 and above it can serve anyone (International Bank) except pirates which it should be able to server at level 10 and above.

Ideas,feedback?

I've been thinking on this : it has benefits and drawbacks so finding a balance is difficult : my view is that it would be better to let the bank have that choice : For better or worse, the game does involve a lot of inter-guild and inter-nation politics, and sometimes they dont necessarily reconcile easily or can shift from week to week. Plus some nations/guilds/players are not active in matters like port control or regular warfare/raiding and would be well-placed to offer a 'neutral' bank offering.

So : I suggest :

On opening, the bank can choose a setting :

'National' : it only serves its own citizens. Suitable for large nations with a wider player base.

'Treaty' : it serves its own citizens, and can also nominate 'friendly' nations under the 'Treaty' to allow their citizens account rights.

'International' : This bank will allow accounts from any citizen of any nation. Suitable for smaller nations with more 'neutral' ambitions in areas like port control, etc.

Any bank can choose any option, but I think the above would offer a useful range to suit all needs and aspirations.

[Captain Jack]

We have simplified loan creation a lot. This meant that the original plan was changed.

For Bankers, we have included calculators that update automatically on every different value. The calculators display their minimum and maximum profit according to the values they choose.

Receivers on the other hand, will always get the chance to pay up earlier without prior communication with the Banker. This will work in their favor, whether they pay up the full sum or a sum higher than the normal installment amount. In both cases, the remaining installment and interest will be recalculated in their favor.

The banker's minimum profit however will be unavoidable. We have set this value equal to the interest rate in the first 7 days. Every loan's 1st installment will always be 7 days after the loan start. Here are all the values:

Amount to loan: (Min: Gold Coins 50 000 / Max: Gold Coins 20 000 000 - For Banks leveled 9 or higher it is Bank Level * 2.5)
Duration (days): (Min: 7 days / Max: 730 days)
Monthly Interest Rate: % (Max 25%)
Info Compound Interest rate: % (Max 25%)
Info Installment cycle: (Min: 1 day / Max: 30 days)
Total installments: (minimum 1)
Bank's minimum profit: It is equal to total interest in 7 days. You will earn this profit even if the receiver repays the loan instantly.
Bank's total profit: Total profit at the end of loan duration. (if it reaches it) It is assumed that all payments are made in time.

[Most Lee Harmless]

yippee!

I do hope it includes group mail : trying to develop services for my account holders and let them know about offers and such is a pain when you have to c/p every mail to them individually.

Bumping this as its proving to be a very necessary tool for bank owners to have : please, please...pretty please?

[Captain Jack]

yippee!

I do hope it includes group mail : trying to develop services for my account holders and let them know about offers and such is a pain when you have to c/p every mail to them individually.

Bumping this as its proving to be a very necessary tool for bank owners to have : please, please...pretty please?

This is already listed in the Bank-to-do list. Find it in the HELP tab in BANK building.

[Captain Jack]

Send Payments Feature

-Deprecates Banker Send Payments feature.

Nation Fees
Now all payments are subject to Nation Fees.
Default nation fee (till a law to regulate it is implemented): 1% for all three categories:
-Payment to another citizen
-Payment to a foreign citizen
-Receiving payment from a foreign citizen

Corruption Fee
All payments have a small corruption fee. This is 1/5 of 1% or 0.02%. It is 2 gold coins at 1000 gold coins. We might increase this in future revisions. Also, this fee will be relative to country state. For example, sending gold coins to someone belonging to a country at war, will have a higher corruption fee. Eventually this might end up looking like this:
Corruption Fees:
-Default: 0.012%
-Country at war: +5%
-Guild at war: +5%
-Bounties on you: +x% according to bounty details
-etc

Bank Fees
All payments are subject to Bank Fees. Bankers decide these and are as following:
-Maximum bank fee for receiving money (from different bank): 5% (Default: 1%)
-Maximum bank fee for sending money (to different bank): 5% (Default: 1%)
-Maximum bank fee for accepting/receiving payment (per transaction, same bank): 5% (Default: 1%)

To-do
Bankers will soon be able to define these values (not yet available).

What Bankers see?
-Bankers see sender and receiver details when the payment is on the same bank.
-When the payment is to another bank, the sender's Bank owner see the Sender and as a receiver see the Bank of the receiver but not the receiver himself.
-In the same manner, the owner of the receivers bank, see as Sender the Sender's Bank and not the actual sender.

Here is an example.

Code: Select all

-Dracula sends 10,000 gold coins through the Iron Bank of Iberia to Sir Roberts at Morgan and Bartholomew Trust Co.
-Danik, the owner of Iron Bank will see this:
*Dracula has sent 10k gc to M&B TCO
-SHM, the owner of M&B TCO will see this:
*Sir Roberts has received 10k from IBI

[Captain Jack]

Just a little update on Bank Loans;

Tomorrow we will enter the 4th week of Bank Loans development. They are proving to be a very big add-on, much bigger than we anticipated. In fact, all Bank addons are proving much bigger than we anticipated,due to their in-depth complexity. So be it, we are determined to build the feature with as much realism we can.

This makes the game also a simulation one. Bank Loans will educate you on how real loans work. We have tailored them as best as we could to keep them simple but in the end, this is why you need a HIGH IQ level to play this game; they are not dumb simple, they are just the simplest they can when you are simulating a real contract.

Here is a (hopefully final) screenshot of the Loan Issue form for the banker:


There are 6 options for the Banker, one of them is the recipient number. Whenever you tweak one of the 5 loan options, the display values at the bottom change instantly to inform you of the affects of your tweak. It is a live loan calculator that makes the loan issuement simple. It's accuracy is +-0.04% (ie +-4 gold coins at 1M - due to rounding results), so it is near perfect.

A confirmation screen follow which provides final figures that will be used for the loan.

Some of the details are:
Nation tax
-Set to 2% as default, it will be regulated by a law with minimum tax of 1% (this is required in order to ensure that loans are not offering better terms than Sending a payment).
-The tax will be received by the Bank's nation. The loan receiver nation will not apply any taxes.
Other fees
-Set to 0.3%. Subject to change later and relative to the Corruption fee used in Send Payments. It is higher because it includes lawyer fees, etc, fees that are not normally found in a simple payment but met in a loan.
Limits
Every bank will be able to serve up to 3 Loans per client in the duration of a month. In this limit, we will count active and closed loans.

[Most Lee Harmless]

Clarification, if possible : will the amount loaned be placed into their bank account with you (which would breach current limits) or be placed direct into their purse? the second would require some co-ordination so the receiver can act to reduce their exposure quickly.

[Captain Jack]

Clarification, if possible : will the amount loaned be placed into their bank account with you (which would breach current limits) or be placed direct into their purse? the second would require some co-ordination so the receiver can act to reduce their exposure quickly.

The amount will be placed directly in the bank account. Bank account limit will be raised to up 17.5M at every case in the case of a loan. Therefore the maximum loan offer is account limit + 17.5M (given that the account 0 when the loan is issued/accepted). Which means that even a level 1 Bank can issue a loan of 20M.

[Most Lee Harmless]

thankee : other thing, how is 'war' decided for calculating the 'corruption' % ?