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Commonwealth Connect [Banking Treaty]

A meeting place where national storefronts can tout their wares and discuss trade. [In character]
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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Commonwealth Connect [Banking Treaty]

Postby Libraria and Ausitoria » Wed Nov 06, 2013 1:33 pm

Commonwealth Connect

★ Connecting you to your wealth wherever you go ★

Alexandrian Group Partner


Often the simplest ideas are the best.


Inter-operability among banks is a simple idea. In a weird foreign place where your local bank hasn't set up shop, you really ought to be able to use a local bank to deposit/withdraw money.

Why this system doesn't already exist has greatly puzzled the government of The Imperial Commonwealth of Libraria and Ausitoria. And so, to increase the range of the banks that sign up, or the governments which sign them up, and to make life much simpler for tourists and businessmen when they're abroad; we forthwith present the solution: Commonwealth Connect. Banks that sign up allow their customers to withdraw and deposit money from their accounts in all other banks signed up and vice versa.

(For a small profitable fee, of course).




Terms and conditions

1. Customers of any bank signed up to Commonwealth Connect shall be permitted to deposit/withdraw money from any other bank signed up as though it was their own bank, in accordance with the terms and conditions of their own bank.
2. For customers to deposit/withdraw money, banks signed up should provide partner banks and their customers with sufficient information to be able to promptly verify the identity of customers. Such information may be provided by providing Customers with appropriate inter-operable credit/debit cards and operating standardized ATMs. Such information shall be protected by the appropriate privacy laws and regulations covering the banks involved in any transaction.
3. The bank where a customer deposits/withdraws money may charge an administrative fee of up to 0.05% of the value of the money deposited/withdrawn. (That's 1 cent per $20).
4. The customer's bank account may charge an administrative fee of up to 0.05% of the value of the money deposited/withdrawn.
5. Commonwealth Connect may charge an administrative fee of up to 0.001% of the value of money deposited/withdraw to ensure the proper fulfillment of terms and conditions.
6. Banks exiting Commonwealth Connect shall be required to give at least one week's notice so as not to discombobulate customers.
7. Banks shall accurately inform Commonwealth Connect of which nations they operate in when Commonwealth Connect asks them.
8. As a registered Ausitorian Bank, Commonwealth Connect is protected by Ausitorian and WA law and copyright.


Sign up Today!



For Banks:

Code: Select all
Have you read and understood the terms and conditions?
Please list the nations you are operating in:
Please sign here to be admitted:
For Nations:

Code: Select all
Have you read and understood the terms and conditions?
Do you agree to require all headquartered banks in your country to take part in Commonwealth Connect and abide by the terms and conditions?
Please say by when you will require your banks to be compliant (if not immediate):

Image

Once you have signed up, please feel free to add this logo to your bank's storefront:
Code: Select all
[url=http://forum.nationstates.net/viewtopic.php?p=17280954#p17280954][img]http://img440.imageshack.us/img440/5585/z08j.jpg[/img][/url]



Financial Profitability


Taking an average nation with a GDP of 10 trillion, assuming 10% is a result of tourism, assuming that such profit is a result of five times that sum of money changing hands (a conservative estimate of the velocity of money), assuming that a fifth of that is withdrawn via signed-up banks from a person from abroad, and permitting a 0.05% administrative fee, revenue generated should be around 500 million. Extra administrative costs should be lower for any competent bank.

Current Operations



Please note that no Banks are individually signed up at present.
Last edited by Libraria and Ausitoria on Sat May 24, 2014 3:28 pm, edited 16 times in total.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Wed Nov 06, 2013 1:34 pm

Reserved.

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Wed Nov 06, 2013 1:34 pm

Also reserved.

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Wed Nov 06, 2013 1:35 pm

Also also reserved.

Why not try a holiday in Ausitoria this year?

But I'm afraid there won't be any Mooses, Pythons, or Holy Grails.

You may post.
Last edited by Libraria and Ausitoria on Wed Nov 06, 2013 1:35 pm, edited 1 time in total.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

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Harold I
Diplomat
 
Posts: 600
Founded: Aug 23, 2012
Ex-Nation

Postby Harold I » Wed Nov 06, 2013 1:40 pm

Have you read and understood the terms and conditions? Yes
Do you agree to require all banks registered in your country to take part in Commonwealth Connect and abide by the terms and conditions? Yes
Please sign here to admit your registered banks and assume responsibility for their compliance (insert starting date if you need time to bring in the system): King Harold I, Royal consent Samuel Watson, democratic consent
Please list the nations you are operating in (optional)

WE WILL JOIN AS OF JANUARY 2ND 2014

Image
Pro: Brexit, Liberalism, NHS, LGBT Rights, Civic Nationalism, Diversity
Anti: EU, Conservatism, Privatisation, Fascism, Communism, Racism

Equally English and British.

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Wed Nov 06, 2013 4:27 pm

From: Commonwealth Connect, Alexandria, The Imperial Commonwealth of Libraria and Ausitoria
To: The Government of Harold I

Dear Sirs/Madams,

Thank you for your interest, signature, and impending adoption of this program.

Yours,
Sir Charles Cecil Oates,
Commonwealth Connect,
Alexandria,
The Imperial Commonwealth of Libraria and Ausitoria
Last edited by Libraria and Ausitoria on Fri Nov 08, 2013 1:03 am, edited 2 times in total.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

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Unnasoland
Civil Servant
 
Posts: 7
Founded: Nov 06, 2013
Ex-Nation

Postby Unnasoland » Wed Nov 06, 2013 9:41 pm

Image

Have you read and understood the terms and conditions? Yes
Please list the nations you are operating in: Unnasoland
Please sign here to be admitted: Nanis Naria Merden, Director of CKTB
The Confederation of Unnasoland Counties

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Fri Dec 27, 2013 5:39 pm

From: Commonwealth Connect, Alexandria, The Imperial Commonwealth of Libraria and Ausitoria
To: The Central Kas Tinai Bank, Unnasoland

Dear Nanis Naria Merden, Sirs, and Madams;

When your commercial license returns, we will be happy to reconnect you to the system.

Yours,
Sir Charles Cecil Oates,
Commonwealth Connect,
Alexandria,
The Imperial Commonwealth of Libraria and Ausitoria


(And bump. Note that there is current an act being discussed in the Panessos Senate to adopt the provisions of Commonwealth Connect across all Charter compliant nations).
Last edited by Libraria and Ausitoria on Fri Dec 27, 2013 6:37 pm, edited 1 time in total.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

User avatar
Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Sun Jan 19, 2014 10:30 am

Commonwealth Connect


Connecting mobile customers and their money for a tidy profit


An Announcement: Panessos Free Trade Zone Signed-up

At least 6 nations in the region of Panessos are understood to be signing up to this banking treaty, significantly increasing the potential customer pool.
More details may be found in the OP.

Further applications from interested parties are, as ever, welcome.
Last edited by Libraria and Ausitoria on Sun Jan 19, 2014 10:31 am, edited 2 times in total.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

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Western European Republic
Ambassador
 
Posts: 1410
Founded: May 09, 2014
Ex-Nation

Banking Treaty Affirmation

Postby Western European Republic » Sun May 11, 2014 10:50 am

Code: Select all
From: Secretary of Commerce Aaron Ditmoshenko
To: Sir Charles Cecil Oates

Please see and approve my nation's treaty affirmation here.


Have you read and understood the terms and conditions? Yes.
Do you agree to require all banks registered in your country to take part in Commonwealth Connect and abide by the terms and conditions? Yes.
Please say by when you will require your banks to be compliant (if not immediate): By 5/31/14.
Please list the nations you are operating in (optional):
Code: Select all
NEWS: Sec. of Education Tremonti to found International Education Initiative...President Försterling announces plans to "monitor the situation...[and] keep all options on the table" in conflict between Russia and British Crimea

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Reino do Brazil
Senator
 
Posts: 4125
Founded: Jan 31, 2013
Inoffensive Centrist Democracy

Postby Reino do Brazil » Sun May 11, 2014 11:02 am

From. The Empire of Reino do Brazil Bank Regulator
To. Sir Charles Cecil Oates,Commonwealth Connect,Alexandria,The Imperial Commonwealth of Libraria and Ausitoria


Sir Charles,

The Regulator would like to apply to Commonwealth Connect. Please find Application below,

Have you read and understood the terms and conditions? Yes
Do you agree to require all banks registered in your country to take part in Commonwealth Connect and abide by the terms and conditions? Yes
Please say by when you will require your banks to be compliant (if not immediate): as from 20th May 2014
Please list the nations you are operating in (optional): n/a

With our very Best Regards,
Cecilio de Sousa, General-Director, Reino do Brazil Bank Regulator
Proud Member of Teremara
Agnostic, Bissexual, pro Israel, sorry for my spelling mistakes but English is not my 1st language

nstracker

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Sun May 11, 2014 11:51 am

Commonwealth Connect


Connecting mobile customers and their money for a tidy profit


We are delighted to welcome the Empire of Reino do Brazil and the Western European Republic to this treaty. Their banks will enjoy full interoperability from the 20th and 31st of this month respectively.

Further applications from interested parties are, as ever, welcome.
Last edited by Libraria and Ausitoria on Sun May 11, 2014 11:52 am, edited 1 time in total.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

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Thalsyer
Spokesperson
 
Posts: 163
Founded: Mar 03, 2014
Ex-Nation

Postby Thalsyer » Fri May 23, 2014 3:23 pm

To Sir Charles Cecil Oates,
Please accepts my nation's affirmations for this treaty, the necessary application is listed below:
  • Have you read and understood the terms and conditions? The Republic of Thalsyer has read and understands the terms and conditions presented by commonwealth connect.
  • Do you agree to require all banks registered in your country to take part in Commonwealth Connect and abide by the terms and conditions? This agreement will make it mandatory for all banks, private and public within Thalsyer, to comply with it's provisions.
  • Please say by when you will require your banks to be compliant (if not immediate): Effective immediately, all banks operating in Thalsyer will be required to abide by this agreement.
Last edited by Thalsyer on Fri May 23, 2014 3:27 pm, edited 1 time in total.

User avatar
Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Sat May 24, 2014 2:08 am

Commonwealth Connect


Connecting mobile customers and their money for a tidy profit


We are delighted to welcome the Republic of Thalyser to this treaty. Their banks will enjoy full interoperability effective immediately.

Further applications from interested parties are always welcome.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]

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Santo-Estevao
Attaché
 
Posts: 75
Founded: Apr 25, 2014
Ex-Nation

Postby Santo-Estevao » Sat May 24, 2014 4:39 am

Image


From. Joao Pinto, Regional Secretary for Economy of The Colony of Santo-Estevao
To. Commonwealth Connect

Sirs,

Though Santo-Estevao is a Colony of Reino do Brazil, the banking system is slightly different. With Santo-Estevao in the Commonwealth, banking operations between Reino do Brazil and the Colony would be quite less expensive. Please find our Application below.

Have you read and understood the terms and conditions? Yes
Do you agree to require all banks registered in your country to take part in Commonwealth Connect and abide by the terms and conditions?Yes
Please say by when you will require your banks to be compliant (if not immediate): 2 week period for adapting.
Please list the nations you are operating in (optional):n/a

Yours Sincerely,
JPinto

User avatar
Monforte
Envoy
 
Posts: 327
Founded: Feb 24, 2013
Father Knows Best State

Postby Monforte » Sat May 24, 2014 9:51 am

From. Banca Princier di Monforte Regulator
To. Commonwealth Connect

Dear Sir/Madam,

Monforte finds the Banking Treaty a true advancement towards a standardization of the system. Please find our Application below.

Have you read and understood the terms and conditions? yes
Do you agree to require all banks registered in your country to take part in Commonwealth Connect and abide by the terms and conditions?yes
Please say by when you will require your banks to be compliant (if not immediate): 1 month
Please list the nations you are operating in (optional):n/a

Looking forward to hearing.

Sincerely,
Matteo di Palma
Proud Member of The Stonewall Alliance. Non native English speaker

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Libraria and Ausitoria
Negotiator
 
Posts: 7099
Founded: May 30, 2011
Ex-Nation

Postby Libraria and Ausitoria » Tue Jun 03, 2014 8:05 am

[OOC: Oops, your replies seemed to slip through my radar! Welcome anyway.]

Commonwealth Connect


Connecting mobile customers and their money for a tidy profit


We are delighted to welcome Monforte and Santo-Estevao to this treaty. Their banks will enjoy full interoperability from the times indicated.

Further applications from interested parties are always welcome.
The Aestorian Commonwealth - Pax Prosperitas - Gloria in Maere - (Factbook)

Disclaimer: Notwithstanding any mention of their nations, Ausitoria and its canon does not exist nor impact the canon of many IFC & SACTO & closed-region nations; and it is harassment to presume it does. However in accordance with my open-door policy the converse does not apply: they still impact Ausitoria's canon.
○ Commonwealth Capital (Bank) ○ ○ Commonwealth Connect (Bank Treaty) ○ ○ SeaScape (Shipping & Energy) ○
(██████████████████████████████║║◙█[Θ]█]◙◙◙◙◙[█]


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