The Royal Bank of Suffonia

[Sheczar 378]

 

 

The Royal Bank of Suffonia

 

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About the Bank

The Royal Bank of Suffonia (hereinafter “RBS”), or legally Company of the Royal Bank of Suffonia, is the national bank of the Kingdom of Suffonia, formed by the Charter of The Royal Bank of Suffonia (hereinafter the “Charter”) issued on 16th of the 6th month, in the 1748th year, in accordance with the Legislative Procedure Act 1735. RBS has been granted monopoly and exclusive rights over operations such as credit lending, minting of coinage and issuance of banknotes under the Charter and thus is the central financial organisation of the Kingdom.

 

Share and Management Structure

Sole shareholder of the RBS is the Royal Exchequer. In accordance with the Charter, Lords of the Royal Exchequer also serves as the Governors of the Board of Governors of RBS, which is the sole executive and administrative body of RBS. The Board of Governors executes and administers all banking operations through its appointed Director.

Current Director of RBS is: Monsieur Gilondir Oronar Arvellon

 

Services of the Bank

RBS provides the following services to her clients; (i) granting loans, (ii) granting letters of credit, (iii) safekeeping valuables, (iv) procuring banknotes and (v) selling Royal Bonds. 

 

Banknotes art a form of I.O.U (I Owe Unto) notes, that can be exchanged with the written value on them at any branch of RBS, issued for the purpose of safe transfer of funds during wartime. Royal Bonds on the other hand art acknowledgements of debt issued in the name of the Crown, promising to pay the initial value back on the maturity date with interest, issued for the purpose of raising funds for war efforts or projects.

 

Limitations to the Services

(i) The Director of RBS may execute any act on behalf of RBS up to a transaction value of 500 minas; (ii) all transactions with 500 to 1000 minas value requires sign off from a Governor of RBS, (iii) all transactions with 1000 to 2500 minas value requires sign off from two Governors of RBS, (iv) all transactions with 2500 to 5000 minas value requires sign off from two Governors of RBS and the Chancellor of Suffonia and (v) any transaction with a value exceeding 5000 minas requires the written approval of his royal majesty, the King.

 

 

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[Narthok 10416]

should stop using minas says godric