Pending selenodot - Financial Institution Registration

[selenodot]

Username selenodot

Company Name The TRNB Company

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 TransRightsBank

Company Description The TRNB Company's mission is to give the citizens of Redmont a safe and reliable bank. We operate under a risk adverse model, and our bank's eventual holdings makeup will be as follows:

> 60% Cash Reserve
> 30% Invested into FRB bonds (or other safe bonds if applicable)
> 10% S&P 500 Index Echoes

All bond investments and Echoes will be 100% covered by insurance policies via deals with third party insurance firms, minimizing the losses if the bond issuer goes bankrupt.

We do not plan to give out any loans, nor make investments in any in-game stocks, in order to further reduce exposure in the case of a financial crisis.

Our proprietary software & infrastructure systems is named "Woke™", which facilitates transactions and Discord integration.

Our corporate structure is as follows:

- Trans Rights Holdings
Subsidiaries:
- The TRNB Company (provides banking services)
- Trans Rights Software (owns Woke™)
- Trans Rights Investments (invests in bonds and S&P echoes)

The three subsidiaries are collectively referred to as "Woke Banking Suite™".

 

[aubunny]

To follow through with the corporate structure you laid out, you would need to register your "woke banking suite" through a business incorporation as without that they would all be considered sole proprietorships of you alone.

 

[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.
* FRB bonds are irregular and so cannot be relied upon to pay interest long term
* Will the echo trades be hedged, if so, by who? There are not many reliable hedge sources left.
* Insurance firms are few and far between on DC. Many fail quickly since there isnt enough data to assess risk.