This site is in archival mode. A replacement is being developed. In the meantime, please use the PBW2 Forums for community discussions. The replacement software for this site will use a unified account system with PBW2, and any newly created threads will carry over.
Welcome to Spaceempires.net
Login or Register

Search
Modules
· Content
· Downloads
· Forums
· Game Info
· Image Gallery
· Links
· Shipyards
· Topics
· Staff

User Info
· Welcome, Anonymous
Membership:
· New: Astorre
· New Today: 0
· New Yesterday: 0
· Overall: 3155

People Online:
· Visitors: 71
· Members: 0
· Total: 71

  

Spaceempires.net :: Overdraft Protection :: View topic
Forum FAQ :: Search :: Memberlist :: Usergroups :: Profile :: Log in to check your private messages :: Log in


Overdraft Protection

 
Post new topic   Reply to topic    Spaceempires.net Forum Index -> The Financial Sector
View previous topic :: View next topic  
Author Message
Kana
Space Emperor


Joined: Jan 15, 2005

PostPosted: Mon Jul 14, 2008 7:12 pm    Post subject: Overdraft Protection Reply with quote

The Navy request overdraft protection for its mineral resources. We are not sure what exact amount we need, but it will probably be around 5k to 10k. (7.5k the median amount)

And maybe a 1k of Rads as well.

What are the banks terms and conditions?


FSL Kana/CNO F.W.S.N/FNS Brawler (PBC IV)


Back to top
SuicideJunkie
Leaky Guru


Joined: May 28, 2005
Location: Canada!

PostPosted: Fri Jul 18, 2008 1:30 am    Post subject: Reply with quote

Overdraft protection is available for a 5% service fee, payable up front.
IE: for $10,000 of protection, a fee of $500 would be applied.

Overdraft protection is a form of insurance against accidentally writing a cheque for more than you have left. If you try to float that debt for multiple turns, your protection will be drained rapidly.

If you know for sure that you will need extra funds, it is far better to go with a loan, since the rates are far cheaper.
Our current loan rate for minerals is 0.5% per month. A loan of 10k that is paid back over 10 months would collect a fee of $500, the same as above, but you would not have to pay it all back after the first month. Smile


Back to top
Display posts from previous:   
Post new topic   Reply to topic    Spaceempires.net Forum Index -> The Financial Sector All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum


Powered by phpBB
All logos and trademarks used on this site, all comments and stories posted for reading, all files hosted for download,
and all art work hosted for viewing are property of their respective owners; all the rest copyright 2003-2010 Nolan Kelly.
Syndicate news: SpaceEmpires.net News RSS Feed - Syndicate forums: SpaceEmpires.net Forums RSS Feed
Page Generation: 0.22 Seconds