| Green Starfish (Little Upsilon) | Sunday, September 27, 2009 - 04:13 pm 
Can anyone tell me the amount of cash on hand that triggers the financial services fee in countries and in enterprises?
Thanks! |
| Keto (Fearless Blue) | Tuesday, September 29, 2009 - 03:11 am
A little over $10T. Closer to $12T I believe |
| Aaron Doolavay (White Giant) | Tuesday, September 29, 2009 - 07:37 am
I didn't realize it was that low. |
| CraftyCockney | Tuesday, September 29, 2009 - 10:54 am
More like $14T I think you'll find. |
| Green Starfish (Kebir Blue) | Wednesday, September 30, 2009 - 04:31 am
Okay, that range seems right from what I've noticed. Thanks! |
| sena8821 (Golden Rainbow) | Wednesday, September 30, 2009 - 04:44 pm
What is this financial services fee? |
| Daelin (Little Upsilon) | Wednesday, September 30, 2009 - 09:37 pm
Basically, the GMs don't want you to have tons of money on hand, so they want to "encourage" everyone to remove cash from the game by converting it to GC. They've slowly lowered the bar where they start charging these "fees". I believe it started for amounts over 100T in cash, and the bar has been slowly lowered ever since. Based on CC's statement above, I guess it's around 14T in cash now.
This is from the game news from several months ago:
Financial Services
Financial services are now being paid by all countries and enterprises that have very high levels of Simcountry dollars in cash. Money that is loaned out to others is not included in the cash.
This measure used to be for countries only and is now also effective for CEOs as we have published before. It starts at a very low level for amounts above 100T.
It will increase gradually and end up at the same level as in countries and will apply to cash levels above 20T.
The financial services are intended to convince everyone that converting cash to gold coins is better than allowing the cash to sit in the country or enterprise.
The process is ongoing for a long time and cash in countries is now much lower than before.
The amount of financial services free cash in countries will decline gradually from the current 20T to 5 T. The change will be gradual and will take 6 months to complete.
We are encouraging everyone to convert surplus cash into gold coins and prevent payment of financial services.
To make it easier, webmaster is now buying back cash for gold coins. We will make sure there are enough offers of gold coins for Simcountry cash. |
| Tuasman (Golden Rainbow) | Sunday, October 4, 2009 - 10:41 am
Does this fee apply to cash that u have in your direct trading account? |
| Daelin (Little Upsilon) | Sunday, October 4, 2009 - 07:30 pm
It doesn't currently apply nor have I seen any indication that the GM's want to apply it to the Direct Trading accounts. |
| BorderC (Little Upsilon) | Tuesday, October 6, 2009 - 04:10 pm
shhhhhhh.
Don't give them any ideas!!! |
