Pending James - Financial Institution Registration

[James]

Username JamesTheSlay

Company Name Trust

Company Type Commercial Bank

With this registration, you are also applying for a tax exemption. Do you understand you are subjected to all requirements and obligations set out by the Taxation Act? Yes

In-Game Trading Name Trust

Company Description It is a banking company that is very good at being trusted

 

[aubunny]

Could you please tell us more about the functions and scope of this bank, such as plans for deposits and operations of the company as a whole

is this bank going to be a sole proprietorship? you have currently not registered as a corporation or llc.

 

[James]

it would be a corporation
and they would deposit money through tickets on the discord and ask for loans with tickets
we would allow for loans, savings and regular accounts, and maybe eventually stock trading

 

[aubunny]

If you wish for it to be a corporation you also need to file a business incorporation separately.

do you plan on offering interest on your accounts? elaborate more.

 

[xSyncx]

What will be your reserve & interest strucutre? This is a main concern for the DoC atm. Looking for proof of income or a robust plan that is appropriate for current conditions.

 

[James]

interest is 3.5% and reserve is 20%