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Citizen's Investment Bank / INVESTMENT
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A Bank by the people; A Bank for the people. Founded to give citizen’s a means to self empowerment outside the traditional UEE banking system. We offer loans and insurance products funded by those looking for a place to store their wealth. Investing in bank share enhances the safety net for all.
History
Citizen’s Investment Bank has a long and storied past. While the bank can trace its history all the way back to the dawn of space flight on Old Earth, the bank’s current from is maybe a little less traditional then one might expect of such a lineage. From the governing passivity of the UNE, to the authoritarian regimes of the Messer era, to the political corruption surrounding synth world and recent administrations, Citizen’s Investment Bank, along with her precursor banks, have long had a fierce independent streak.
Specifically during the Messer era, the bank was forced to decentralize due to its vocal opposition to the dismantling of democracy. The bank had grown used to a light regulatory hand during the time of the UPE, and was already operating as its own alternative monetary system using its bank shares as a form of currency, especially in the frontier regions. When the Meser family gained control, they made it a personal mission to dismantle the bank. However, being a public enemy only fueled the bank’s growth. Bank executives were able to franchise out banking activates into cells and abandoned any central headquarters in favor of operations being handled locally by individual bankers, many of whom operated undercover. The bank adopted a decentralized bank share ledger that was passed around the verse using a system of data runners. This decentralized system was eventually re-centralized when the Masers were overthrown. Even with a more central business structure, the bank held onto its independent character. Individual bankers still conduct most bank business and bank deposits are still held in bank shares rather then UEC.
Citizen’s Investment Bank is the go-to bank for those on the frontier or those wanting to give the ever watchful eye of the UEE a wide berth. While the Bank is generally in good standing with the UEE, that is only because the structure of the bank does not allow its centralized executive structure to see much of what each banker is doing. As such, the Bank is technically complying with transparency regulations, even without allowing the UEE to see any individual customer’s account activity. This has created a constant tension ever since the banks recentralization. Public opinion is that the UEE’s current form owes a debt to the bank’s operations during the time of the Mesers, and therefore many administrations have been unable to force the bank into a fully centralized structure. Citizen’s Investment Bank has, in the eyes of most not in power, become a vital counter-balancing pillar to government corruption and over-reach. Privacy conscious citizens, from the rich to the famous and every shade of grey in between, come to our bank to protect both their capital and their dignity.
The very name of Citizen’s Investment Bank speaks to “A Bank by the people; A Bank for the people.”
Manifesto
A Bank by the people; A Bank for the people. Our purpose is simple: provide an alternative financial system, outside the control of the UEE. Transactions and client identities are never disclosed to the UEE or any governing agency, so those agencies have no say over what you can or should do with your wealth.
Charter
Rules and Regulations for Investment:
1. Potential Loss. All investments are made “for fun” and could be subject to loss. Losses may be incurred due to bugs in the game, bad actors, poor investment decisions, or any number of other unforeseen circumstances. By making an investment, the investor acknowledges that any aUEC transferred to BankerBob is no longer their property. They have no recourse in the event the aUEC is lost, or if the value of shares in the fund go down.
2. Investment in the Bank. When a deposit is made, the aUEC is exchanged for bank shares at the current share price. Account holders own shares, not aUEC. These shares will fluctuate in value depending on the success or failure of the investments made by the bank. A. Gains or losses will be born by the current investors, therefore, new investors will only be admitted after processing any Revenue or Expenses for the period prior to the transaction date.
3. Share Redemption. Investors may redeem their shares for aUEC at the current share value. Redemptions will be accommodated on a first come first server basis and will only be redeemed as liquidity permits as determined by Bank management. While you are not guaranteed to be able to withdraw funds at will, Bank Management will attempt to accommodate withdraw requests, so long as doing so does not harm the operations or immediate profit potential of the other investors (i.e. “In the pipeline” investments or loans may take precedent over withdraw requests at managements discretion).
4. Transfer risk is born by the sender. A. Transactions are finalized once cash is received into BankerBob’s player account. If an error or bug occurs during the transaction process, the loss will be born by the sender of funds. B. In the event that an error occurs while BankerBob is sending aUEC to a player, the other player must prove that funds were not received. If satisfactory prove can be provided, a loss will be recorded on the fund’s books and the viability of the investment will be reassessed before re-attempting the transfer.
5. Transfer Fees. Transfer Fees will be born by the requesting party. In most situations this will be considered the client, as the client requested the original investment, deposit, or loan. The bank is considered to have requested the transfer if a loan or investment is being called back early.
6. Profit Sharing. Bank Management shares in the profits generated by investments or loans made. Management does not earn money unless the investor earns money. This strategy is to align incentives, providing compensation for the real efforts made to increase shareholder value and only paid when that goal is achieved. Management is compensated by issuing fresh shares worth 20% of any profits made. The net effect is that the portfolio will increase in value at a rate of 80% compared to total profits earned. The exact percentage of profit sharing may change from time to time.
7. Server Wipes by CIG. In a server wipe, all loans are forgiven, all investments are zeroed out, and everything starts back at zero.