10KI Certificates of Deposit

[Old Regional Reserve - CTE]

Certificates of Deposit- General Guidelines and Rules

Who is eligible?

Any Active Account Holder (Individual, Business, or Stock), whom has an open thread here Shop Purchase Thread

Types of CDs and Limitations

	Small CDs	Large CDs
Minimum:	1,000₸	100,000₸
Maximum:	100,000₸	500,000₸
Increments:	500₸	5,000₸

Terms

RL Terms	NS Terms
2 months (RL)	1 NS years
3 months (RL)	2 NS years
5 months (RL)	5 NS years
	10 NSyears

NS years time will be decided based on this explanation: 10000islands.proboards.com/thread/5793/nationstates-relative-time
We have devised the following formula for the regional reserve sheet to determine maturity date for CDs:

IF(OR([@Term]="2 RL",[@Term]="3 RL", [@Term]="5 RL"),EDATE([@[Start Date]],IF([@Term]="2 RL",2,IF([@Term]="3 RL",3,IF([@Term]="5 RL",5,0)))),IF(OR([@Term]="1 NS",[@Term]="2 NS",[@Term]="5 NS",[@Term]="10 NS"),[@[Start Date]]+IF([@Term]="1 NS",20,IF([@Term]="2 NS",40,IF([@Term]="5 NS",100,IF([@Term]="10 NS",200,0)))),"N/A"))

EDATE is a pure increase of months. For NS Dates - 1 NS will be 20 days, 2 NS will be 40 days, 5 NS will be 100 days, and 10 NS will be 200 days. While there is a bit of wobble in relationship to the RL year, We felt this was a consistent rule that is able to applied uniformly for the purpose of applying interest and calculating maturity.

Rate of interest

Small CD	Large CD
2% per NS Year	3.5% per NS Year

The interest is compounded yearly (1 NS Year) by the Regional Reserve. Here is the code:

=MROUND(IF([@[Opt.]]="Large",IFS([@Term]="2 RL", [@Amount]*(1.035^3),[@Term]="3 RL",[@Amount]*(1.035^4.5),[@Term]="5 RL", [@Amount]*(1.035^7.5),[@Term]="1 NS", [@Amount]*(1.035^1),[@Term]="2 NS", [@Amount]*(1.035^2),[@Term]="5 NS", [@Amount]*(1.035^5),[@Term]="10 NS", [@Amount]*(1.035^10)),IF([@[Opt.]]="Small",IFS([@Term]="2 RL", [@Amount]*(1.02^3),[@Term]="3 RL",[@Amount]*(1.02^4.5),[@Term]="5 RL", [@Amount]*(1.02^7.5),[@Term]="1 NS", [@Amount]*(1.2^1),[@Term]="2 NS", [@Amount]*(1.02^2),[@Term]="5 NS", [@Amount]*(1.02^5),[@Term]="10 NS", [@Amount]*(1.02^10)),"N/A")),5)

Maturity and Payment

Your payment will come at the end of the term of maturity which is determined by your application. Once you chose a type of CD with the requisite interest rate you cannot change it. When you apply and are approved the Reserve will state in the acceptance your Maturity Date which will be the date you are given all funds, unless you picked the Renewable Option on one of the CDs. Renewable CDs will be paid out the accrued interest and retain over the initial deposit. Renewable CDs shall renew into a non-renewal CD automatically.

Penalty

Early Withdraw Penalty if withdraw occurs prior to maturity date.
Small CD = 25% of the CD value is forfeit to the Regional Reserve at withdraw
Large CD= 50% of the CD value is forfeit to the Regional Reserve at withdraw.
The individual must state in writing that they are withdrawing a CD. Private Message the Regional Reserve account in this scenario.

Estate

Payable on Death (Ceasing To Exist); May name upto 3 beneficiaries to spit the CD in the event the main account holder CTE's prior to maturity of the CD. Any remaining beneficiaries who have not CTE'd will recieve the split of the CD at maturity. If a beneficiary is unnamed the CD shall be applied to the account holder's extant will, and may delay the settlement of an estate until maturity. 

Certificate of Deposit Application

Cut and paste this application into a new post below and fill it out:

[center]Certificate of Deposit Application[/center]
1. Please list each type of CD you want (small or large). List the term you want for each CD ( see above guidelines):
2.Are you applying as a business or individual? (Please state the name of the business if applying as one):
3. Do you want any of the CDs to have the renewable option?:
4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional):
Please note that you must send the appropriate amount of money for [i]each[/i] Certificate of Deposit to the Regional Reserve.
I, (name here), understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.
Submittal of this application will immediately notify: @royaleuramathania and @regionalreserveii

Certificate Holders:


Certificate Holders Paid:
Updated : September 21st, 2019

SPOILER: Click to show

1. Jabberwocky
1 large CD 101,000 Tacos; Maturity Date: July 6, 2019, no renewal - 130,730 Tacos Paid 7/6/2019.
2. Sargon Reman
1 large CD 250,000 Tacos; Maturity Date: August 24th, 2019, no renewal - 352,650 Tacos Paid 8/26/2019.
3. Baden-Wuerttemberg
1 Large CD 250,000 Tacos; Maturity Date August 25th, 2019, renewal - 102,650 Tacos Paid 8/26/2019.
4. Taco Island Charities
1 Large CD 250,000 Tacos; Maturity Date August 25th, 2019, renewal - 102,650 Tacos Paid 8/26/2019.
5. Taco Island Charities
1 Large CD 250,000 Tacos; Maturity Date August 25th, 2019, no renewal - 352,650 Tacos Paid 8/26/2019.
6. Taco Island Charities
1 Large CD 250,000 Tacos; Maturity Date August 25th, 2019, no renewal - 352,650 Tacos Paid 8/26/2019.
7. Paffnia
1 Large CD 250,000 Tacos; Maturity Date August 31st, 2019, no renewal - 352,650 Tacos Paid 9/20/2019.
8. Paffnia
1 Large CD 250,000 Tacos; Maturity Date September 13th, 2019, no renewal - 352,650 Tacos Paid 9/20/2019.
9. Woonsocket
1 Large CD 250,000 Tacos; Maturity Date September 14th, 2019, renewal - 102,650 Tacos Paid 9/20/2019.
10. Woonsocket
1 Large CD 250,000 Tacos; Maturity Date September 14th, 2019, no renewal - 352,650 Tacos Paid 9/20/2019.
11. Woonsocket
1 Large CD 250,000 Tacos; Maturity Date September 14th, 2019, no renewal - 352,650 Tacos Paid 9/20/2019.

[Sargon Reman]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines): 1 Large CD for 250,000 tacos. 10 NS Years.

2.Are you applying as a business or individual? (Please state the name of the business if applying as one): Individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed): No.

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

A. I have 1 beneficiary (put name here)

B. I have 2 beneficiaries (put names here)

C. I do not want to add a beneficiary (X)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I,Sargon Reman, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Old Regional Reserve - CTE]

Sargon Reman your funds have been received and the Certificate has been recorded. Your CD will reach maturity on Wednesday 8/21/2019.

[Baden-Wuerttemberg]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines):
1 Large CD for 250,000 tacos. 10 NS Years.

2. Are you applying as a business or individual? (Please state the name of the business if applying as one): Individual.

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed): Yes.

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

A. I have 1 beneficiary (put name here)

B. I have 2 beneficiaries (put names here)
First: Taco Island Charities
Second: XKI Casino (or whichever account is running the casino at the time)

C. I do not want to add a beneficiary (put X here)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I, Baden-Wuerttemberg , understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Old Regional Reserve - CTE]

Baden-Wuerttemberg your funds have been received and the Certificate has been recorded. Your CD will reach maturity on Wednesday 8/21/2019. On this date you will receive any interest accumulated during this time. Under the renewable option your CD will auto renew and the next maturity date will be Wednesday 3/11/2020. You will then receive all funds and any interest accumulated since 8/21/19.

[Taco Island Charities]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines):

3 large CD's, each for 10 NS years

2. Are you applying as a business or individual? (Please state the name of the business if applying as one):

Business (Taco Island Charities; Chair: Paffnia)

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed):

Yes, one of them.

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

C. I do not want to add a beneficiary (X)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I, Taco Island Charities, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Jabberwocky]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines): 1 large CD, 5 months

2.Are you applying as a business or individual? (Please state the name of the business if applying as one): individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed): no

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

A. I have 1 beneficiary (XKI Casino) 

B. I have 2 beneficiaries (put names here)

C. I do not want to add a beneficiary (put X here)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I,Jabberwocky, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Old Regional Reserve - CTE]

Taco Island Charities your funds have been received and the Certificate has been recorded. Your CDs will reach maturity on Wednesday 8/21/2019. On this date you will receive any interest/funds accumulated during this time for the 2 CDs . Under the renewable option your other CD will auto renew and the next maturity date will be Wednesday 3/11/2020. You will then receive all funds and any interest accumulated since 8/21/19.

[Old Regional Reserve - CTE]

Jabberwocky your funds have been received and the Certificate has been recorded. Your CD will reach maturity on July 6, 2019. On this date you will receive all funds plus interest.

[Paffnia]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines):

1 large CD, for 10 NS years

2.Are you applying as a business or individual? (Please state the name of the business if applying as one):

Individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed):

Yes

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

B. I have 2 beneficiaries (X)

Woonsocket and Mutanatia

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I, Paffnia, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Old Regional Reserve - CTE]

Paffnia your funds have been received and the Certificate has been recorded. Your CD will reach maturity on 9/10/2019. On this date you will receive any interest/funds accumulated during this time for the CD . Under the renewable option your CD will auto renew and the next maturity date will be 4/1/19. You will then receive all funds and any interest accumulated since 9/10/19.

[Paffnia]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines):

1 large CD, for 10 NS years

2.Are you applying as a business or individual? (Please state the name of the business if applying as one):

Individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed):

No

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

B. I have 2 beneficiaries (X)

Woonsocket and Mutanatia

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I, Paffnia, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Woonsocket]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines): 3 Large CDs.

2.Are you applying as a business or individual? (Please state the name of the business if applying as one):
Individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed):

Yes. They are all the same so you can renew any of them.

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

A. I have 1 beneficiary (put name here)

B. I have 2 beneficiaries (put names here)
Paffnia, Markanite

C. I do not want to add a beneficiary (put X here)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.
I am sending $750,000 for three large CDs, max value each.

I, Woonsocket, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Old Regional Reserve - CTE]

Paffnia your funds have been received and the Certificate has been recorded. Your CD will reach maturity on 10/1/2019. On that date you will receive all funds with any interest accumulated.

[Old Regional Reserve - CTE]

Woonsocket your funds have been received and the Certificate has been recorded. Your CDs will reach maturity on 10/1/19. On this date you will receive any interest/funds accumulated during this time for the 3 CDs . 2 of the CDs will be disbursed to you in their entirety with interest. Under the renewable option your other CD will auto renew and the next maturity date will be 4/21/2020. You will then receive all funds and any interest accumulated since 10/1/19 for this CD.

[Haganham]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines): 1 Large(250,000 tacos)  10 NS years, (1 Large 100,00 tacos) 10 NS years

2.Are you applying as a business or individual? (Please state the name of the business if applying as one): individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed): no

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option: 

A. I have 1 beneficiary (put name here) Taco island Charities

B. I have 2 beneficiaries (put names here)

C. I do not want to add a beneficiary (put X here)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I, Mingulay Isle, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: Sargon Reman and Old Regional Reserve - CTE

[Old Regional Reserve - CTE]

Haganham your funds have been received and the Certificate has been recorded. Your CDs will reach maturity on 10/1/2019. On this date you will receive any interest/funds accumulated during this time for the 2 CDs.

[Old Regional Reserve - CTE]

Jabberwocky ,
Your CD has reached maturity, 130,730 Tacos have been sent.
All the best,
Old Regional Reserve - CTE

[Paffnia]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines):

1 large CD, for 10 NS years

2.Are you applying as a business or individual? (Please state the name of the business if applying as one):

Individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed):

No

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

B. I have 2 beneficiaries (X)

Woonsocket and Mutanatia

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I, Paffnia, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: United Royal Islands and Old Regional Reserve - CTE

[Jabberwocky]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). Only 3 CDs are allowed per person. List the term you want for each CD ( see above guidelines): One (1) large CD, 5 months

2.Are you applying as a business or individual? (Please state the name of the business if applying as one): Individual

3. Do you want any of the CDs to have the renewable option? (Only 1 allowed): Yes

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

A. I have 1 beneficiary x(Taco Island Charities)

B. I have 2 beneficiaries (put names here)

C. I do not want to add a beneficiary (put X here)

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.

I,Jabberwocky, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: United Royal Islands and Old Regional Reserve - CTE

I have submitted 250,000 tacos for one large CD, 5 month term.

[Old Regional Reserve - CTE]

Paffnia, Your funds have been received and the Certificate has been recorded. Your CD will reach maturity on January 22nd 2020. On this date you will receive any interest/funds accumulated during this time for the CD.

[Old Regional Reserve - CTE]

Jabberwocky,
Your funds have been received and the Certificate has been recorded. Your CD will reach maturity on December 11th 2019. On this date you will receive any interest/funds accumulated during this time for the CD.

[Lou Chance Gambling Enterprise]

Old Regional Reserve - CTE,United Royal Islands

It says "The interest is compounded yearly by the Regional Reserve" - A year in this sceanrio is an RL year or an NS year?

[Old Regional Reserve - CTE]

Jul 15, 2019 4:04:17 GMT -5 Lou Chance Gambling Enterprise said:

Old Regional Reserve - CTE ,United Royal Islands

It says "The interest is compounded yearly by the Regional Reserve" - A year in this sceanrio is an RL year or an NS year?

Louisistan
My apologies for the delay in response, I must have missed it. It is based on NS Year for Reserve CDs. Here is the code:
=MROUND(IF([@[Opt.]]="Large",IFS([@Term]="2 RL", [@Amount]*(1.035^3),[@Term]="3 RL",[@Amount]*(1.035^4.5),[@Term]="5 RL", [@Amount]*(1.035^7.5),[@Term]="1 NS", [@Amount]*(1.035^1),[@Term]="2 NS", [@Amount]*(1.035^2),[@Term]="5 NS", [@Amount]*(1.035^5),[@Term]="10 NS", [@Amount]*(1.035^10)),IF([@[Opt.]]="Small",IFS([@Term]="2 RL", [@Amount]*(1.02^3),[@Term]="3 RL",[@Amount]*(1.02^4.5),[@Term]="5 RL", [@Amount]*(1.02^7.5),[@Term]="1 NS", [@Amount]*(1.2^1),[@Term]="2 NS", [@Amount]*(1.02^2),[@Term]="5 NS", [@Amount]*(1.02^5),[@Term]="10 NS", [@Amount]*(1.02^10)),"N/A")),5)

[Old Regional Reserve - CTE]

To All Account-Holders. We have updated the terms for New CDs. There is now a higher limits and new increment limits for each CD. Small CDs must be between 1000 Tacos and 100,000 Tacos, and be a multiple of 500 Tacos. Large CDs must be between 100,000 Tacos and 500,0000 Tacos, and be a multiple of 5000 Tacos. Each CD may have up-to 3 beneficiaries and beneficiary payout has been clarified. Clarification to the maturity date calculation and the interest rate calculations have been made. There is no longer any limit to how many active CDs an account holder may have open, nor is there a limit on the number of renewable CDs an account may have active. Renewable CDs have been clarified. The OP has been updated to reflect the new terms.

[Lou Chance Gambling Enterprise]

Certificate of Deposit Application

1. Please list each type of CD you want (small or large). List the term you want for each CD ( see above guidelines):
Large, 10NS years

2.Are you applying as a business or individual? (Please state the name of the business if applying as one):
Business, Lou Chance Gambling Enterprise

3. Do you want any of the CDs to have the renewable option?:
No

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional): The XKI Casino

Please note that you must send the appropriate amount of money for each Certificate of Deposit to the Regional Reserve.


I, Lou Chance Gambling Enterprises, represented by Louisistan as CEO, understand that there is a Early Penalty Withdraw Fee and that any early withdraw will significantly takeaway from the value of the Certificate of Deposit.

Submittal of this application will immediately notify: United Royal Islands and Old Regional Reserve - CTE

100,000 Tacos incoming.

[Old Regional Reserve - CTE]

Lou Chance Gambling Enterprise
Your funds have been received and the Certificate has been recorded. Your CD will reach maturity on February 25th 2020. On this date you will receive 141,060 Tacos.

[Old Regional Reserve - CTE]

Sargon Reman ,
Your CD has reached maturity on August 24th 2019, with no renewal. 352,650 Tacos have been sent.
All the best,
Old Regional Reserve - CTE

---

Baden-Wuerttemberg
Your CD has reached maturity on August 25th 2019, with renewal. 102,650 Tacos have been sent and your 250,000 have been reinvested without renewal. Your new CD will mature on March 12th, 2020. On this date you will receive 352,650 Tacos.
All the best,
Old Regional Reserve - CTE

---

Taco Island Charities
Your CD has reached maturity on August 25th 2019, with renewal. 102,650 Tacos have been sent and your 250,000 have been reinvested without renewal. Your new CD will mature on March 12th, 2020. On this date you will receive 352,650 Tacos.
All the best,
Old Regional Reserve - CTE

---

Taco Island Charities ,
Your CD has reached maturity on August 25th, 2019, with no renewal. 352,650 Tacos have been sent.
All the best,
Old Regional Reserve - CTE

---

Taco Island Charities ,
Your CD has reached maturity on August 25th, 2019, with no renewal. 352,650 Tacos have been sent.
All the best,
Old Regional Reserve - CTE

[Paffnia]

Old Regional Reserve - CTE, I would not like to exercise the renewal option on my CD that will soon mature and instead have it disbursed.

[Jabberwocky]

Old Regional Reserve - CTE,
Certificate of Deposit Application


1. Please list each type of CD you want (small or large). 1 Large CD for 250,000 tacos. 10 NS Years.

2.Are you applying as a business or individual? Individual

3. Do you want any of the CDs to have the renewable option? yes

4. Please describe any beneficiaries you want to receive your funds should you CTE (this is optional). Put an X by one option:

A. I have 1 beneficiary (put name here)(X) Taco Island Charities

funds have been sent