COMMUNITY - FORUMS - SELENE ORGANIZATIONS
(EU)The Bank of Arkadia
+18

By the Grace of the Gods and all that is Holy, on this most elegant day of autumn of this year and with the blessing of our Lord and King Raziel Alexandros Iulii of Arkadia, I Count Hirotio, acting as State Treasurer, do pronounce the creation of the Arkadian Central Bank.

This bank, being granted the rights, liberties and freedoms of operation by his Majesty the King will provide service for all inhabitants of Arkadia and Elyria.

The bank of Arkadia is currently recruiting. We need scribes, accountants, branch heads. Please read the description of the following titles below. We will have real-life economists and banking professionals working on this project. We will consider all applications, though we will give priority to people who followed or are following an education in economics, finance, accounting, math or such.

Accountants: Accountants are those who man the banks in the kingdom of Arkadia and beyond, this is an entry level position for further development into the Banking system.

Scribes: Creates the Contracts needed for the transactions. This is an important position which handles substantial amounts of wealth, and all scribes will be vetted by the State Treasurer. Those who serve more than nine weeks in this position with diligence will be granted land (1 parcel) in a city or village of their choosing at the expense of the State.

Branch Heads: Scribes that are willing and able will be promoted to lead a branch (or create a branch) of the bank in a city where its service is needed. This is a high-level decision which will be made after an interview with the State Treasurer with consultation from the King. If the Branch head was a commoner before this, they will be granted land at the crowns expense and thus raised into the ranks of landed gentry.

Sine Timore aut Favore

Yours,

Count Hirotio, Sworn Count and State Treasurer of Arkadia

Click Here for Discord and to ask more Questions: https://discordapp.com/channels/187336413237346304/235732463802908675


Sworn Count of Arkadia. Treasure of the Bank of Arkadia

House words: Arkadia Invictus

10/29/2016 3:34:48 PM #1
+3

Travel the lands with confidence knowing that your coin is well protected!


10/29/2016 9:20:27 PM #2
+3

Looks interesting, I am wondering how far this will develop


10/30/2016 1:00:54 PM #3
+2

@Meraxes09, do not hesitate to have a look at our tavern! ; ) Discord link


10/30/2016 11:09:15 PM #4
+2

Posted By Meraxes09 at 2:20 PM - Sat Oct 29 2016

Looks interesting, I am wondering how far this will develop

Um yes, we have a lot more planned but we are waiting for information on contacts before we can decide.


Sworn Count of Arkadia. Treasure of the Bank of Arkadia

House words: Arkadia Invictus

11/1/2016 7:37:17 AM #5
+2

Posted By Energ218 at 4:09 PM - Sun Oct 30 2016

Posted By Meraxes09 at 2:20 PM - Sat Oct 29 2016

Looks interesting, I am wondering how far this will develop

Um yes, we have a lot more planned but we are waiting for information on contacts before we can decide.

So will you offer loans and stuff? Or are u gonna do like insurance or smthing


11/1/2016 6:22:36 PM #6
+2

Posted By Meraxes09 at 12:37 AM - Tue Nov 01 2016

Posted By Energ218 at 4:09 PM - Sun Oct 30 2016

Posted By Meraxes09 at 2:20 PM - Sat Oct 29 2016

Looks interesting, I am wondering how far this will develop

Um yes, we have a lot more planned but we are waiting for information on contacts before we can decide.

So will you offer loans and stuff? Or are u gonna do like insurance or smthing

We are still thinking about it so stay tuned. :)


Sworn Count of Arkadia. Treasure of the Bank of Arkadia

House words: Arkadia Invictus

11/2/2016 4:18:27 PM #7
+3

It's a beautiful project. You have my money !


11/4/2016 3:52:49 AM #8
+1

I will need one branch in my own town.


11/4/2016 6:56:59 AM #9
+3

It's going to be problematic to use the funds stored by players in a medieval setting, so if loans is provided by banks I suggest the bank operates like it did in the Patrician period.

The patrician games probably show this system in its easiest understood form if anyone want a good example. Here loans aren't provided by the banks directly, but act as a place for investors to negotiate or post debt contracts if they are willing to risk any of their capital for the benefits of the accrued interest. Regular bank storage only had fees and no interest back then after all.

The way this would specifically work is: the investor would put down the money along with a contract that describe their terms, such as interests and payment period (i.e. minimum amount paid back per month - in CoE years will probably be used instead). Then the bank post the contract up for potential debtors to browse. The bank will be paid fees according to what it takes to manage such a debt account as the bank will still have to handle the transactions between investor and debtor.

11/4/2016 3:35:35 PM #10
+5

Posted By ShadowTani at 07:56 AM - Fri Nov 04 2016

It's going to be problematic to use the funds stored by players in a medieval setting, so if loans is provided by banks I suggest the bank operates like it did in the Patrician period.

The patrician games probably show this system in its easiest understood form if anyone want a good example. Here loans aren't provided by the banks directly, but act as a place for investors to negotiate or post debt contracts if they are willing to risk any of their capital for the benefits of the accrued interest. Regular bank storage only had fees and no interest back then after all.

The way this would specifically work is: the investor would put down the money along with a contract that describe their terms, such as interests and payment period (i.e. minimum amount paid back per month - in CoE years will probably be used instead). Then the bank post the contract up for potential debtors to browse. The bank will be paid fees according to what it takes to manage such a debt account as the bank will still have to handle the transactions between investor and debtor.

The reason why banking greatly diminished his presence during the last period of the roman empire and the early middle-ages is that the Church considered usury immoral.

It's not the complexity of the loan and interest rate system, which, as you know very well, is one of the basis to our modern capitalistic economy. It drives the economy by boosting trade and investments, thus creating a lot of value.

It's sure that this is a game and may not allow us to do much in that field. We will adapt to the game mechanics and we will think of the best possible system with what we get.


11/5/2016 8:46:37 AM #11
+2

Posted By ShadowTani at 10:56 PM - Thu Nov 03 2016

It's going to be problematic to use the funds stored by players in a medieval setting, so if loans is provided by banks I suggest the bank operates like it did in the Patrician period.

The patrician games probably show this system in its easiest understood form if anyone want a good example. Here loans aren't provided by the banks directly, but act as a place for investors to negotiate or post debt contracts if they are willing to risk any of their capital for the benefits of the accrued interest. Regular bank storage only had fees and no interest back then after all.

The way this would specifically work is: the investor would put down the money along with a contract that describe their terms, such as interests and payment period (i.e. minimum amount paid back per month - in CoE years will probably be used instead). Then the bank post the contract up for potential debtors to browse. The bank will be paid fees according to what it takes to manage such a debt account as the bank will still have to handle the transactions between investor and debtor.

Hello there, Thanks for the question and concerns. In regard to them there are several points,. The main reason why the banking system died down until the templar era (crusader era) was because of the Roman Catholic Church. In medieval Europe, moneylending for profit was considered sinful and and as such no Christian would do it as a profession. In Arkadia the Church does not frown upon this so there are no concerns.

Secondly on the Patrician system, it becomes very messy for the banks to have to manage so many contracts from 3rd parties that it would be easier if we did both lending and depositing. We have the backing of the whole kingdom so there should be no problem there.


Sworn Count of Arkadia. Treasure of the Bank of Arkadia

House words: Arkadia Invictus

11/6/2016 6:55:52 PM #12
+1

Posted By Ederican at 8:52 PM - Thu Nov 03 2016

I will need one branch in my own town.

Ahaha, Will be happy to oblige :)


Sworn Count of Arkadia. Treasure of the Bank of Arkadia

House words: Arkadia Invictus

11/13/2016 12:51:45 AM #13
+1

How is the contract are going to work ? is there any way in the game to do that ? or is it player made ?

Since if a banker leave the game for any reason , or a customer how will you claim the money ?


11/14/2016 2:15:18 AM #14
+2

Ya, I wonder the same thing as the guy above ^^


11/14/2016 2:17:50 AM #15
+2

Hi there, We are waiting on design journals to define the rules, but the general concept is that the contracts will be bound to the king (Raziel). That way it can be redeemed up. Take this example, You player deposit X gold at the bank, we the bank give you a voucher for x gold. You take this voucher and go to a merchant and buy y gear. You give him the voucher; he gives you the gear. The merchant can choose to spend the voucher, or if he needs gold, then he can exchange it at the bank. I hope this answers any questions.


Sworn Count of Arkadia. Treasure of the Bank of Arkadia

House words: Arkadia Invictus

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