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I would like to introduce a new financial product from the Regional Reserve, Certificates of Deposit. Below is some information on how it will work. I hope to formally launch the program thread in a couple of days. That thread will be run much like the Stock thread is now.
All nations signuped on the 10KI forums and all business accounts.
Small CDs are 100,000 or less
Large CDs are anything over 100,000.
A Large CD cannot be more than 250,000 tacos.
You must fill out the supplied application to obtain the CD.
A maximum of 3 CDs is allowed.
The minimum amount of a Small CD is 1000 tacos.
Maturity Terms can be continued once by the owner, meaning that if a CD reaches the end of its 10 years term then the owner may continue the CDs life for an a duration that was equal to the original term. This is renewable once. Only 1 CD may have a renewable option.
2 months (RL)
3 months (RL)
5 months (RL)
1 NS years
2 Ns years
5 Ns years
10 Ns years
NS years time will be decided based on this explanation: 10000islands.proboards.com/thread/5793/nationstates-relative-time
3.5% for large CDs
2% for small CDs
The interest is compounded yearly by the Regional Reserve and a special calculation website is used to make sure amounts are correct.
Your payment will come at the end of the term of maturity which is determined by your application. Once you chose a type of CD with the requisite interest rate you cannot change it. When you apply and are approved the Reserve will state in the acceptance your Maturity Date which will be the date you are given all funds, unless you picked the Renewable Option on one of the CDs.
Early Withdraw Penalty if withdraw occurs prior to maturity date.
Small CD = 25% of the CD value is forfeit to the Regional Reserve at withdraw
Large CD= 50% of the CD value is forfeit to the Regional Reserve at withdraw.
The individual must state in writing that they are withdrawing a CD. Private Message the Regional Reserve account in this scenario.
Payable on Death (Ceasing To Exist); May name one beneficiary; or two beneficiaries who will inherit equal amounts; if one CTEs before the other then the surviving beneficiary will inherit the full amount. You can choose not to have a beneficiary. Each individual CD MUST be clearly marked with a beneficiary OR with the option not to have one.
Here is the example of a 20k Certificate of Deposit at the rate of 2% because it is a Small CD:
Example of a 100k CD at the rate of 3.5 because it is a Large CD:
Witchcraft and Sorcery, Shy Guyia, Jabberwocky, and Iimbraturi sombra
The M1 Abrams is a modern tank. It was first made in the 1980s.
Good enough. You?
Hello to you from my midnight,i feel sleepy whatsup with you?
٩(๑òωó๑)۶
I don’t get why everyone on this entire message board loves the Soviets. They weren’t even socialist. They had clearly defined unequal hierarchies, and the leaders were generally bad people - purges, that sort of thing Evil Dictators Happyland I’m looking at you
The Soylent Green Party and Free earthian yap
Shut up Thoughtcriminal
The Soylent Green Party, Finswedeway, and Free earthian yap
Do you guys not like capitalism? i think its cool.
Glory to God.
Alemputo, i am doing great. how are the rest of the 1,000 islands people doing.
“Bob Semple”??
The tank built in New Zealand? Drugs must be legal in your nation...
They probably love them because they were born after the USSR collapsed, and therefore don’t really know anything about the nation or its policies. Just a guess...
Or everyone's joking...
That could be too...
So I haven't done this in a while:
WHO WANTS A FLAG?
Don't say that you are making specific people upset
But he's making Nazis happy.
I get why you would think that.
truth is, Stalin did some goods things to.my dad told me that he played a role in the creation of Israel, and i think thats pretty good. you are right though, he's still a relatively bad guy, but other than that, I don't know why you hate the soviets.
Me.
Bout Stalin's role in creation of Israel, it wasn't just a role Stalin himself went to palestine and created it. I think hate against Soviets is just ignorance because Soviets did lot of great things for our society such as invention of equality,teaching how to sow nutritious vegetables like potato and most importantly discovery of space, without Soviets how would anyone now there is something called space?
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