The Rogue Statesman

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This article is outdated, to see the current banking policy, [url=hhttp://www.erepublik.com/en/article/the-central-investment-bank-of-canada-cibc-bank-policy-1434527/1/20]click here[/url].

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Bank Status:
-CIBC Deposit/Investment Accounts: OPEN
-CIBC Loan/Lending Services: CLOSED

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CIBC has restructured! CIBC now offers more investment options and is now loaning gold as well!

CIBC has been highly successful thus far, with seven satisfied clients, CIBC has managed to make a profit of around 20 gold in the one month that it has operated in. Yet our trial period has ended, and now CIBC is ready to enter the banking service full on. We will still offer our trademark service of competitive interest rates coupled with 100% safe investing, however we will now also be offering loans, and a much more diverse banking and investment methods.

As you may know, the reason CIBC stood out from the crowd was because CIBC did not only offer higher interest rates than most other conventional banks, but we also offered a very unconventional 100% safe-investing service.

CIBC is still committed to this special service and will continue to offer 100% safe investing accounts to all new clients. Although we will being issuing out loans as well, CIBC is still committed to its strong reputation of safe investing, and we have strict requirements for those wishing to take out a loan. However as stringent as our guidelines may be for obtaining a loan from CIBC, clients who sign up for 100% safe investing will not see their money loaned out because we wish to keep the 100% safe-investment accounts truly 100% safe.

Listed below are the new types of accounts and services that CIBC can offer its clients. Both investment and lending services are shown.

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ACCOUNT TYPES AND INVESTMENT/LOAN OPTIONS:

***CIBC Investment Options***
CIBC now offers a more diverse way of investing your gold. We now offer many different types of accounts for all types of investors, below are a list of the different investment options:

CIBC Standard Account:
A new type of account, with high interest rates (higher than any other bank), yet without the promise of 100% safe investing. We can say however that your mine is 99% guaranteed safe, but we cannot 100% guarantee it. CIBC's stringent lending policies will make sure that out of all the banks out there, CIBC will still be referred to as the safest, and smartest investment option.
-Minimum Deposit: 5 Gold
-Minimum Contract Length: 1 Month (4 weeks)
-Interest Rates: 6% for under 20 gold, 7% for 20 Gold or higher

CIBC Savings Account:
This account offer's CIBC's trademark 100% safe investing, and offers reasonable interest rates. Generally an option for less adventurous investors, and those who like to be "100% sure" in any situation, the CIBC Savings Account is a zero-risk, but lower-yielding investment option. Clients who sign up for this type of account will not see their money lent out.
-Minimum Deposit: 5 Gold
-Minimum Contract Length: 2 weeks
-Interest Rates: 3.5% for any amount under 20 Gold, and 4.5% for any amount 20 Gold or higher

CIBC Trust Account:
This is a 100% safe investing account, however offers significantly higher interest rates, but has a minimum deposit time of 2 months. Generally for those with extra cash, who do not need the money any time soon and would like to invest it in an high-yielding, long-term and 100% safe account. Clients who sign up for this type of account will not see their money lent out.
-Minimum Deposit: 20 Gold
-Minimum Contract Length: 2 months (8 weeks)
-Interest Rates: 6%

CIBC Custom Investing Account:
You may also negotiate special deals and rates with CIBC if you wish, however please keep in mind, that unless you are in a unique situation (such as wanting to invest a really large amount of gold, or for a very long time), we will usually just offer you the standard accounts listed above.


***CIBC Loan/Lending Services***
CIBC will now be offering loans to individuals seeking gold for various projects. CIBC does however have stringent policies in order to keep CIBC's investments as safe as possible. Listed below is the type of loan service we offer, and the requirements needed to qualify for a loan.

CIBC Standard Loan Service:
- CIBC offers loans of a minimum of 5 Gold to those who meet the requirements listed further down.
- All interest rates will be negotiated privately.
- Interest rates are collected on a weekly basis.

Requirements:
Those wishing to receive a loan for CIBC must present the following conditions:
- Must have registered for at least 1 month, and have a minimum level of 10 (Remember that organizations cannot sign contracts, so even if you want the gold for your organization, you still have to personally sign for it, therefore you are still required to meet the requirements listed above for citizens).
- Must be able to present a collateral as a security for any loan over 5 gold. What this means is that you must have some sort of an asset (CIBC will determine the value), which you can wager, or pledge in case you are not able to repay the loan. CIBC will not grant loans to those who do not posses some kind of asset to set as a collateral.
- Must be able to give detailed info of why you need the money, and what you plan to spend it on.
- Must be able to show us your strategy for paying back the loan, and why you think you will be able to pay back the loan.

Repaying Loans:
Clients may repay part of, or the entire loan to CIBC at ANY TIME, and as a result the interest rate will be will be reduced as well. For example if you pay 10% interest per week on a 100 gold loan, and you return 50 gold, on the day that your interest is due you will only have to pay back 5 gold (10% of 50 gold) instead of 10 gold.

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Return Policy:
-CIBC holds the right to return all sums invested back to the investor at any given time. The client will however, be given a minimum of 24 hours notice before the sum is returned.
-In the event that CIBC must break contract terms, and return the invested gold back its client(s), the client will receive an extra 2% gold on the amount invested, along with any interest already accumulated.

Additional Policies:
- All transactions with CIBC will only be made in accordance and accompanyment of an official contract.
- ALL interest rates are paid/collected on a weekly basis.
- CIBC deals in gold only.
- CIBC reserves the right to return any gold deposits made by a client back at any time. Whether CIBC pays a penalty to the clients for returning the gold is individually determined by the contract agreement.

NOTE: CIBC will do business with any citizen in the eWorld regardless of nationality, we say this in order to avoid any confusions. We are very interested in doing business at an international level, especially since we believe our rates and services are competitive worldwide.

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Invest smart. Invest with CIBC.

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