Player Features and Ideas Discussion

I dont know if this may have been proposed before, I'll just do it now:

What about creating an Eve feature that allows the creation of an investment Bank system?

Eve online has a quite realistic economic system, but it somehow lacks the possibility of getting bank loans.

What I am proposing is an easy system, by wich any player with the adecuate skillset would be able to make use of a new Station Tab (such as the production chains on the industry tab) called "Bank", or something like this.

Any player or corp would be able to see those banks while docked and could either invest, or lend money from the amount spared on this "bank".

Of course, players wich invest money would after a certain time be able to recall their money, getting an interest as reward.

The banks on the other hand, would have to employ the money they get by investing it in different issues to be able to obtain benefits from this money and bay back their creditors.

If everything goes allright, then a player who has made a deposit in a back would get back a higher amount of money than the amount he invested (of course the bank manager would obtein a % of the benefits too, mainly the difference between his loans interests and the amount he has to pay back).

On the other hand, if the bank looses money (it has too many defaulters) then the payback for the creditors would be less (a % according to the money they deposited from the total money that is left on the bank).--> every investment has its risks.

Of course, players would be able to see a list of those bank, including information like how high interest they can get from a certain bank, or how high the risk is of making an inversion there (lets say rated from 0 to 10) based on the amount of times a certain bank could not pay back their debts, and creditors lost part of their money. Banks with a higher risk, would of course have to give a higher interest, to compensate their risk and be an attractive option for inversion.

To ensure that money is not stolen etc, a player / corporation lending money from a bank would be limited to a certain amount of money each time.
Also, players wich lent money would have to pay back in a certain space of time, if they dont, then they would enter a "defaulter" status, in wich all market purchases made by them would include a small tax, wich would be automatically given to the bank they lent money from, up to the full value of the ISK lent.

Aditionally, players / corps should have a certain "deafaulter" status, so that a bank may have an idea of how high the risk is of lending money to a certain corporation or player.

In theory every player/corp can already lend money to another player/corp, and calculate an investment plan with an extern program. The only problem is: How do you get your securities, and this is a problem which all your ideas still not solve. For example you can create a second char on you account let him get 1 year old without skilling, and then lend money from every bank and transfer it to your main char. All these banks have no option to get their money back.
That is a problem, which occours more or less by every one of your proposals.

This is no total "crap-idea"-comment, it is just that I think there must be securities, before we can build banks. Otherwise it would be the same problems like what historicaly happens for example to the templars in the middle age.

All banks in Eve are run by scammers

(much like all banks in real life)

Dont get me wrong im not looking for a bank myself, I'm rather asking for a set of features to improve the actual possibilities of managing and establishing a bank in Eve, aswell as of offering those services to the public easier, safer and in a more direct way.

Just like a toolbox to improve this kind of activity, much like IRL.

Yesterday, I thought a lot about Banks in EVE, and I now I just write it down to see wether this idea would be of any use.

1.Financial Contracts and rating corps

Like in RL where there are the rating agencies, there should be some equal NPC-Corps in EVE. Because the political problems which also occurs in RL i think one agency for each empire would be the right way. Every new created char will have standing of 0.0 to these rating agencies, and every month after the birth of the char the rating gets increases by 0.1, and also the empire standing will modify your rating (the normal faction stuff).
Now if you need money, you make a demand for a credit in form of an contract by one of these rating agencies. You will set the the lent term and maximum interest. There can also be a little contract fee which the borrower have to pay when he create the contract and also a little fee when it is accepted (ISK-sink). Now another player with too much money can accept this contract send you the money and hope you will pay it back. As insurance he can see your rating before he accept the contract.
If you honestly pay back the debt your rating will increase. But if you will skip your pay back or last too long your rating will be decreasd rapidly. It would be more or less like Concord-Standing, just in a financial way. And maybe negativ Rating should have influences on trading, like you need to pay higher taxes, or less then -5.0 in one bank will forbid you to sell anything in the specific empire.
This would be a safe way for some guys to lend money and for the scammers there will be still enough posssibilities to scam.

2. Stock exchange

When a Corp needs money, they can, beside raising there taxes or begging members for money, can evaluate their property, and then sells shares with a value of 1000 ISK per shares to other players (with setting-option only corp-member, alliance, all).. Obviously the corp should keep the most of the shares, cause the owners got a proportionate voting right for the Corp CEO and gets a monthly dividend from the corp income.

I hope that my idea is understandable, beside the spell and translating mistakes.

'somehow'.

1. Fractional Reserve Banking is impossible. There are no forms of credit. Although isk is notoriously easily to 'mine' and has many convenient properties, economically we're passing solid gold and silver around.

2. The natural interest rate is extremely high: this is a game, nobody is saving anything for posterity. Even if we could have loans, the prices would be exorbitant.

3. A lender has no recourse in the case of fraud on the part of the borrower. The most powerful entities in the game (CCP, CONCORD, space empires) either ignore scams or eagerly scam themselves.

4. Speaking of which, we're all barbarians. Especially our alts that we created for the express purpose of defrauding you. Or the alts that perform all our market purchases for us to avoid your 'defaulter tax'. Or the alts who take fake loans from us to boost the stats of our little ponzi scheme in your bank ratings interface. There are civilizational prerequisites for some things. If you don't believe me, let me tell you friend, I have some great commercial real estate ventures for you.

I have seen this come up loads of times in the past, also extra wallet for individuals etc but never gets acted on...