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Gameplay => Guilds Forum => Topic started by: Donari Tyndale on November 12, 2006, 11:19:48 am

Title: The Bank of Hydlaa
Post by: Donari Tyndale on November 12, 2006, 11:19:48 am
The Bank of Hydlaa
[/u][/size]

I am happy to announce that the Bank of Hydlaa is now open. Sheryl Sandre will be its first manager.
The bank is situated on the plaza, in the building with white/red colums.

First, something about the services provided by the Bank of Hydlaa.

[/b]

At the moment, we can not offer these services 24/7 but soon.

Are you looking for a job?

The Bank offers several long-term jobs (Defined as ranks).


Payment will be based on total profit at the beginning.

For further information contact Donari Tyndale or Sheryl Sandre ingame.

Blacklist:
 The persons who have cheated us:
 -Tharorel, he stole 100k!
Title: Re: The Bank of Hydlaa
Post by: miadon on November 12, 2006, 11:41:34 am
Hope this works out better than my Bank, anyway where is your bank?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 12, 2006, 11:42:35 am
Written above, the building with red/white columns on the plaza.
Title: Re: The Bank of Hydlaa
Post by: Natrina on November 12, 2006, 02:08:39 pm
 Seems quite good, let us see if you can make it stand. Good luck!
Title: Re: The Bank of Hydlaa
Post by: ThomPhoenix on November 12, 2006, 04:17:56 pm
I hope you're going to pull this off, it would be great to have a real bank.
Good luck!
Title: Re: The Bank of Hydlaa
Post by: Ototravi on November 12, 2006, 04:41:17 pm
Lets hope u dont embezzle the money for ur self :innocent: (u probaly wont tho, good luck)
Title: Re: The Bank of Hydlaa
Post by: Idoru on November 12, 2006, 06:38:43 pm
hmmm, I wonder if it would be worth depositing my guilds funds in the bank  :)
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 12, 2006, 06:40:58 pm
Of course Idoru  :)
Title: Re: The Bank of Hydlaa
Post by: Ototravi on November 12, 2006, 06:49:38 pm
We'd better watch out for those hard core Rp's and they rob the bank. :devil:
Title: Re: The Bank of Hydlaa
Post by: Sangwa on November 12, 2006, 07:21:13 pm
A marvellous idea. I wish you guys the best of luck.
Title: Re: The Bank of Hydlaa
Post by: Robinmagus on November 12, 2006, 07:28:12 pm
Quote from: Ototravi on November 12, 2006, 06:49:38 pm
We'd better watch out for those hard core Rp's and they rob the bank. :devil:

There's an idea.

*gets to work*
Title: Re: The Bank of Hydlaa
Post by: Parallo on November 12, 2006, 07:37:40 pm
Quote from: Ototravi on November 12, 2006, 06:49:38 pm
We'd better watch out for those hard core Rp's and they rob the bank. :devil:

Quote from: Sangwa on November 12, 2006, 07:21:13 pm
A marvellous idea.

Heh. I'm getting worried here.  :whistling:
Title: Re: The Bank of Hydlaa
Post by: bilbous on November 12, 2006, 07:39:53 pm
How are you going to handle item deposits? It would seem to be against the rules to use spare characters as mules / item holders. I am not sure if that is one more "unwritten rule" but it seems to me I have seen that stated authoritatively here on these threads somewhere.
Title: Re: The Bank of Hydlaa
Post by: Karyuu on November 12, 2006, 07:43:03 pm
When it comes to item mules, the only thing that GMs don't like is to see them parked by NPC spawns. Other than that, it's really hard to avoid needing more storage space sometimes, so... :} As long as you don't have all your mules hanging around the bank doing nothing, there's really nothing wrong.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 12, 2006, 07:49:12 pm
The mules are all off, they only come on when needed.
Title: Re: The Bank of Hydlaa
Post by: bilbous on November 12, 2006, 07:58:33 pm
Thank you for the clarification K, I was under the impression it was frowned upon under any circumstances.
Title: Re: The Bank of Hydlaa
Post by: Ototravi on November 12, 2006, 09:44:35 pm
now how are your records holding going to work?
Title: Re: The Bank of Hydlaa
Post by: bilbous on November 12, 2006, 10:04:36 pm
Is that 4% interest rate a flat rate or is it compounded over a specific period? Are the loans open ended or are they subject to specific time periods or are they negotiated on a case by case basis?
Title: Re: The Bank of Hydlaa
Post by: Phinehas on November 13, 2006, 12:23:14 am
*Matt, with a small robed man sleeping on his shoulder.*

Well, this will be interesting. You have good ideas, but do you have enough people and dedication to run this? I hope it works for you, but I'm going to wait and see before investing.
Title: Re: The Bank of Hydlaa
Post by: Garile on November 13, 2006, 03:46:26 am
Well hope to see it working, but still wondering if you wont get in trouble when scammed moneywise.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 13, 2006, 04:02:34 pm
The interest is now 3% per day, I think it is adequate, it is digging once per day per 100k borrowed. I am currently lookin gfor some people who can run three clients so the bank stays open 24/7.
Title: Re: The Bank of Hydlaa
Post by: bilbous on November 13, 2006, 08:18:31 pm
Are your time periods Yliakum days(Yd) or Earth days(Ed)?
For the moment let us assume that they are Yliakum days.

Suppose I borrow 1000 tria (t) for one Yd I would owe you 1030t correct? If I have to log off before I can see you to repay you but I see you the next Ed, 6Yd later.
I would owe you
1000t+30t=1030t+30.1=1060.9+31.87=1092.727+32.782=1125.509+33.765=1159.274+34.778=1194.052
Is that right? so 19.4% How much will I owe you if I don't see you for a week because I am unable to get to a computer for some reason (e.g. grounded for a poor report card, in the hospital)? This is why I called it usuary.
WordNet (r) 2.0 [wn]
usury
     n 1: an exorbitant or unlawful rate of interest [syn: vigorish]
     2: the act of lending money at an exorbitant rate of interest

Most banks that charge daily interest have fractional interest rates that are expressed as a yearly rate. Thus 5% per annum works out to .013% daily or some such thing. Of course they have legal means to recoup their losses from deadbeats so I suppose your lending costs are higher although I am not sure that you have to pay your employees (mules etc)
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 13, 2006, 08:26:04 pm
We have 3% interest in RL-Days. If you are not on or on holiday, I am sure we can work something our :). 3% Means diggin once per day per 100k borrowed (If you are new). I do not think that is too high, but we are testing at the moment.
Title: Re: The Bank of Hydlaa
Post by: miadon on November 13, 2006, 08:30:05 pm
3% a day is a lot. 3% a month is more reasonable (IMO)
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 13, 2006, 08:50:35 pm
We will do 5 % per month then :)
Title: Re: The Bank of Hydlaa
Post by: bilbous on November 13, 2006, 08:54:18 pm
I presume digging means a full backpack of gold ore, which is different for different people depending on their stats. Is that correct?
Title: Re: The Bank of Hydlaa
Post by: Datruth on November 14, 2006, 12:17:08 am
I hope someone can enforce these loans. :whistling:
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 14, 2006, 05:30:25 pm
We can not always enforce them, thats why we have this lottery, so we can risk loosing money.
Title: Re: The Bank of Hydlaa
Post by: Idoru on November 14, 2006, 06:10:15 pm
what are the proposed terms for the loans? could i get 100k over 6 months repayable at the end of the term? or would it require regular repayments? is interest charged on a reducing balance? or is it to be charged on the entire loan amount?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 14, 2006, 06:32:38 pm
You can repay whenever you want, the interest is charged on your current balance.
Title: Re: The Bank of Hydlaa
Post by: Parallo on November 14, 2006, 06:42:48 pm
It would probably be a better idea to set a repayment plan. I'm sure there are plenty of people that would be willing to abandon a character if s/he loses control over their finances.
Title: Re: The Bank of Hydlaa
Post by: Idoru on November 14, 2006, 09:28:46 pm
OOOOOOK, so if I want 100k over 6 months and repayment on the final day of the six months thats ok? id have to repay 136857 trias? and sorta hope you went bust before then :P
Title: Re: The Bank of Hydlaa
Post by: Garile on November 15, 2006, 12:10:02 am
hmm have to say I think, atleast with people who loan something for the first time, you should only loan money for a short period of time so you know how high the loss ratio is. That way you can use small loans on small periods of time to see who repays and then upgrade their "account" so to speak so they can loan more becuase you have more trust that he or she will repay you. (also you already made a profit those first times so your loss would be less)

[edit] just couldn't stand some of the typo's and had to edit them ;)
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 15, 2006, 06:16:29 pm
Good idea, repayment plan.
Title: Re: The Bank of Hydlaa
Post by: lordraleigh on November 19, 2006, 08:56:24 pm
Is there any plan in the future of making long-term loans available for commercial groups in game?
Note: Long-term loans usually have larger values and lower interests than short-term ones.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 19, 2006, 08:57:42 pm
Yes, there is.
Title: Re: The Bank of Hydlaa
Post by: LARAGORN on November 20, 2006, 12:26:10 am
When are the draws for the Iron SS ?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 20, 2006, 04:55:56 pm
Too few people were interested, we paid everyone back.
Title: Re: The Bank of Hydlaa
Post by: ThomPhoenix on November 20, 2006, 04:58:02 pm
Are you talking about the lottery, or the entire bank?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on November 20, 2006, 05:00:08 pm
^^The lottery, not the bank.
Title: Re: The Bank of Hydlaa
Post by: ThomPhoenix on November 20, 2006, 05:21:42 pm
Phew, glad to hear :P
Title: Re: The Bank of Hydlaa
Post by: Furik Lamatt on December 01, 2006, 07:01:06 am
Ill be starting my own bank shortly, U will have some competition to deal with, and mine wont have outragous conditions
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on December 01, 2006, 02:11:41 pm
Outrageous conditions? We have 5% per month! Thats 5k if you borrow 100k, You can gain that in one day. And your own bank? We hardly gain any profit. You can join us, but please, let us discuss this first, it will ruin us both.

Edit:
I lowered the backup rate to 10%
Title: Re: The Bank of Hydlaa
Post by: Furik Lamatt on December 01, 2006, 03:54:04 pm
5k a day is alot if you dont play everyday, and are stuck with 10 or 15k a day. And like I  said on my guild question, Im not going mafia style here, just friendly competition, Im not trying to ruin anyone.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on December 01, 2006, 04:20:36 pm
It is 5k per month interest, thats nothing. can we talk ingame Furik?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on December 20, 2006, 06:19:24 pm
The Bank will be closed from the 23.12 to the 3.1. Sorry for the inconvenience. In this time, there will be no fee for stored items.
Title: Re: The Bank of Hydlaa
Post by: Datruth on December 21, 2006, 06:54:10 am
Quote from: Donari Tyndale on December 20, 2006, 06:19:24 pm
The Bank will be closed from the 23.12 to the 3.1. Sorry for the inconvenience. In this time, there will be no fee for stored items.

I'm just curious, why is it closed?

What if someone wants to take their money out of the bank, will they be refused?

~~Datruth
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on December 21, 2006, 02:57:54 pm
[Going on holiday] No, it will not be refused.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on December 23, 2006, 12:24:25 am
A meeting of investors will be held on Saturday, 6.1.2006 in the Secret Garden of Hydlaa at 20.00 GMT
Title: Re: The Bank of Hydlaa
Post by: Datruth on December 23, 2006, 03:40:55 am
Quote from: Donari Tyndale on December 23, 2006, 12:24:25 am
A meeting of investors will be held on Saturday, 6.1.2006 in the Secret Garden of Hydlaa at 20.00 GMT

I wold be willing to invest 500k in you guys, but it seems i'm too late, and bank is closed.

Would you mind me being at the meeting anyways?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 03, 2007, 08:35:20 pm
Nope
Title: Re: The Bank of Hydlaa
Post by: Robinmagus on January 04, 2007, 11:09:36 pm
A bit of feedback after taking a loan (This is assuming that this bank is fully within RP)

Now, me being the evil little devil that I am, I decided to go loan out some tria, and not pay you back. How nice, eh? Now, it went nicely, except for the fact that noone asked for a name. See, loaning out your tria to a stranger with no name, is really not a good idea. There was also very little detail to the process. Something like "I want 20 thousand" "No five" "Okay five" "When will you pay back?" "When I can" *runs off*

none of that    XXXXX Takes down <blanks> name in the books.  XXXXX Goes inside the vault and removes the amount of tria...


Not exactly that, they're just examples, but anything will do.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 05, 2007, 10:24:54 am
The Bank is not 100% RP, sometimes I am in a bit of hurry and things have to go fast then, like yesterday.
Title: Re: The Bank of Hydlaa
Post by: Nibela on January 05, 2007, 08:11:04 pm
I might be interested in investing on behalf of Torch of yliakum. i would like some more information

Nibela XxX
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 06, 2007, 09:33:03 pm
The interest for the first period is 1.23%. We will continue to pay interest according to the profit we made.
Title: Re: The Bank of Hydlaa
Post by: Datruth on January 06, 2007, 11:15:48 pm
Quote from: Donari Tyndale on January 06, 2007, 09:33:03 pm
The interest for the first period is 1.23%. We will continue to pay interest according to the profit we made.

1.23 percent, for how long?

Every day, every week, every month?
Title: Re: The Bank of Hydlaa
Post by: Bartholin on January 07, 2007, 01:23:44 am
how does one join or rather.. work for the bank? or does one only allowed to invest in said bank? i know some rather rich people [players].
do you have stocks on could buy?  ;D
how about a savings plan?
what are the rules for a loan?
 :lol:
i have many questions.. that.. ingame.. would take some time.. :) it would be nice to have a list of answers posted and maintained... :)

ingame... i heard of the bank.. but a) never was told where... b) then heard it was closed down c) heard about some rather nasty intrest rates  ;D

can you clear up any of these thoughts? a list of employees would also be nice... that way.. no joe shmo can say.. SURE i work at the bank.. give me your money.. ;)
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 07, 2007, 12:15:51 pm
@Datruth
From the time we opened to the 6.1.
@Bartholin
If you invest, you gain interest according to (1+profit/money invested) * your investment.
Of course you can work for us, just send me a pm what you would like to do.
Employees are all the people with the <Bank of Hydlaa> tag. Only Sheryl Sandre and Trelan Goria are allowed to receive money, the rest consist of mules to carry items.
It was closed from the 23.12 to the 4.1. [I was on holiday]
Nasty interest rates? We charge 5% per RL month. E.g. you borrow 100k, to pay off your interest you would have to dig once in a month. Thats not really much, is it?
Finally, the Bank is located at the building with striped columns on the plaza, the one with Kaiman Jilatt.
Title: Re: The Bank of Hydlaa
Post by: Natrina on January 07, 2007, 02:37:39 pm
 Hmm, didn't make it to the investor meeting, any news you could share?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 07, 2007, 07:12:43 pm
Nothing of any importance.
Title: Re: The Bank of Hydlaa
Post by: Parallo on January 07, 2007, 08:40:26 pm
Then why have a meeting? Surley there was some reason for it?
Title: Re: The Bank of Hydlaa
Post by: Datruth on January 07, 2007, 10:26:13 pm
Quote from: Donari Tyndale on January 07, 2007, 12:15:51 pm
@Datruth
From the time we opened to the 6.1.


What's the 6.1?

I hope this isn't a long period.
Title: Re: The Bank of Hydlaa
Post by: Parallo on January 07, 2007, 10:28:12 pm
Sixth of the First I'd say.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 07, 2007, 11:41:29 pm
Indeed. The meeting was due to "Keep stuff as IC as possible".
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 23, 2007, 05:17:22 pm
The Bank will be closed from the 27.1 to the 4.2.2007. Sorry for the inconvenience [going on holiday]
Title: Re: The Bank of Hydlaa
Post by: Atomica on January 23, 2007, 08:45:54 pm
So... other than Sheryl, who else handles transactions?
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on January 23, 2007, 09:23:40 pm
No one, thast why it is closed. A trusted employee is something hard to find.
Title: Re: The Bank of Hydlaa
Post by: smariot on January 26, 2007, 10:57:58 pm
So, 5% interest per month? Just to see if I understand the math involved, pretend I borrow 500k. I would then owe you:

500,006 (after 10 minutes)
500,034 (after 1 hour)
500,802 (after 1 day)
505,642 (after 1 week)
525,000 (after 1 month)
670,048 (after 6 months)
897,928 (after 1 year)
174,455,993 (after 1 decade)
2,585,529,196,449,337,144 (after 5 decades)
13,369,922,451,383,910,050,862,730,739,374 (after 1 century)

Correct?
Title: Re: The Bank of Hydlaa
Post by: emeraldfool on January 28, 2007, 03:39:15 pm
Interesting first post... :P


The thing I don't get is... if you don't have the money to begin with, how are you supposed to pay them back? It's not like in real-life where you can use the money to start a business or invest in stock or even gamble...

Mining or finding a bunch of silverweaves seems to be about the only thing we could do, and we could do that anyway...
Title: Re: The Bank of Hydlaa
Post by: Bartholin on January 28, 2007, 09:29:45 pm
Quote from: Donari Tyndale on January 23, 2007, 09:23:40 pm
No one, thast why it is closed. A trusted employee is something hard to find.

im willing to help out, but carry no alts and can only run one app at a time.

anyway. i need to get my items out.. and havnt seen the bank on in some time. you guys need more members.

but ya.. contact me ingame when you get on.. i need my raffle items.
Title: Re: The Bank of Hydlaa
Post by: shorty13 on January 29, 2007, 02:25:47 am
Quote from: emeraldfool on January 28, 2007, 03:39:15 pm
Interesting first post... :P


The thing I don't get is... if you don't have the money to begin with, how are you supposed to pay them back? It's not like in real-life where you can use the money to start a business or invest in stock or even gamble...

Mining or finding a bunch of silverweaves seems to be about the only thing we could do, and we could do that anyway...

this is very useful in 2 situations:
1) a new player borrows money.  He invests it in quite a bit of training and some average weapons.  He is then able to fight stronger monsters that give decent loot and now he can pay the bank back.
2) If a player wants to buy something from someone but doesn't have the money and doesn't have time to get more money before the item is sold to another buyer, the player could borrow money and pay it back in a short amount of time.
Title: Re: The Bank of Hydlaa
Post by: emeraldfool on January 29, 2007, 06:57:06 pm
Quote from: shorty13 on January 29, 2007, 02:25:47 am
Quote from: emeraldfool on January 28, 2007, 03:39:15 pm
Interesting first post... :P


The thing I don't get is... if you don't have the money to begin with, how are you supposed to pay them back? It's not like in real-life where you can use the money to start a business or invest in stock or even gamble...

Mining or finding a bunch of silverweaves seems to be about the only thing we could do, and we could do that anyway...

this is very useful in 2 situations:
1) a new player borrows money.  He invests it in quite a bit of training and some average weapons.  He is then able to fight stronger monsters that give decent loot and now he can pay the bank back.
2) If a player wants to buy something from someone but doesn't have the money and doesn't have time to get more money before the item is sold to another buyer, the player could borrow money and pay it back in a short amount of time.

That's true, but large-scale withdrawals like the 500k Smariot was talking about seems kinda pointless...
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on February 03, 2007, 08:28:37 pm
Rejoice! All the investors money is gone! The Bank has 150k left, we will use that money as a kind of backup, as there is a loss of 99%. /me mumbles "Damn black holes" and gets ready for business.
*cursing* *smashing my keyboard against the desk*
Title: Re: The Bank of Hydlaa
Post by: Sangwa on February 05, 2007, 03:07:12 am
This is... not good. We have to burn someone for this. I say one of the GM's.
Title: Re: The Bank of Hydlaa
Post by: shorty13 on February 05, 2007, 04:06:34 am
lol...i may have to agree with you sangwa. 
Title: Re: The Bank of Hydlaa
Post by: Gharan on February 05, 2007, 04:09:22 am
Donari's already doubled her 150k through the Bank, seems she knows her business.  ;)
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on February 05, 2007, 04:01:01 pm
It's not me knowing business, it's more the others not knowing it  ;D
Title: Re: The Bank of Hydlaa
Post by: lordraleigh on February 05, 2007, 06:52:34 pm
What will happen to the people that had shares and accounts in the Bank?

Will everything be lost, or when the Bank recovers from the "wipe" they will be considered as the previous state?
Title: Re: The Bank of Hydlaa
Post by: Natrina on February 05, 2007, 07:20:28 pm
*siigh*

 Yeah, this is what makes all the warehousing (and banking) businesses so rough, who now is responsible for this other then the devs? And yet, they're only doing they're job, supposedly. Let's hope they post-prone the wipe to the farther future, a future in which bugs which won't make them want to do wipes are no longer a possibility.
Title: Re: The Bank of Hydlaa
Post by: Donari Tyndale on February 05, 2007, 07:34:18 pm
The solution is easy, making 12 mules carrying 200k each. That should give the people some backup, in case there is another wipe. Furthermore we will now have Silver Ingots crafted by the Bank of Hydlaa. They will be priced at 15k each. You can purchase them at the Bank of Hydlaa. After purchase you can encash them for the 15k again. I think this will make inter-guild transactions and player trades easier  and secure money against further wipes. They all carry the seal of the Bank of Hydlaa (Guild: Bank of Hydlaa). For now there will be 45 ingots crafted, if there is a big demand further ones will follow.