Grand Plutocracy
05-02-2006, 19:02
GRFT Stock Exchange
The Global Region for Free Trade Stock Exchange (GRFTSE) welcomes trading partners from all regions. However, certain rules exist to ensure fair, lawful trading.
Companies:
1) Companies on the SE can trade in any goods or services. Metals, such as uranium are to be traded on the Precious Metals Market;
2) Tradable Precious Metals include:
Uranium;
Enriched Uranium;
Gold;
Silver;
Copper;
Titanium; and
Cobalt.
3) Any nation or group of nations with a controlling interest (at least 51% all shares required) in any firm can open a Business Account for that company with the CGP Central Bank. All profits, excluding dividend payments, can be deposited in an account and used to purchase shares or companies to form a group;
4) Only funds deposited in the CGP Central Bank, or other recognised institution, can be used for the purchase of stocks and shares;
5) Nstate companies must have an equivalent on the London Stock Exchange (http://www.londonstockexchange.com/en-gb/). This is to allow performance tracking. When preparing to float a company, nations must specify which company they wish to be linked to (see Floating a New Company below).
Nations can decide which company they link themselves to, or can leave this decision upto the Chairman of the GRFTSE;
6) Profit is calculated every three months (1 March, 1 June, 1 Sept, 1 Dec). Nations will be provided with details of how to calculate this and are expeted to pay themselves, and their share holders;
7) Any company flouting any rule may have trading suspended. This will include the freezing of all accounts held in CGP banks.
Floating a New Company
1) Companies wishing to float on the GRFTSE must contact the Commonwealth of Grand Plutocracy with the following information:
Name of the Company;
Business Type;
Nation wishing to form Company;
Initial shares you wish to sell;
What percentage of total shares the current amount on sale represents;
Notes: If you want to provide any notes or other information on the company, this can be added. Try to keep it short.
If you have a company you wish to link yours to in mind, please include this information. Otherwise, a decision will be made on your behalf.
You must indicate the % of quarterly profits that you intend to redirect to the shareholders.
2) Companies cannot begin trading until they have been issued a Stock Exchange Code. Once this is done, and confirmed via telegram, you may begin trading;.
Shares and Share Holders
1) Any nation or company holding shares is a share holder;
2) Profits from the sale of shares are the property of the controlling company or nation, and maybe deposited in the CGP Central Bank or elsewhere;
3) The selling and buying of shares must be conducted on the GRFTSE main page;
4) The share price is fixed for one week, updated from the share linked share price on the LSE or NYSE every weekend;
5) It is the duty of majority shareholders to pay dividends to any other share holder out of the quarterly profits.
The Global Region for Free Trade Stock Exchange (GRFTSE) welcomes trading partners from all regions. However, certain rules exist to ensure fair, lawful trading.
Companies:
1) Companies on the SE can trade in any goods or services. Metals, such as uranium are to be traded on the Precious Metals Market;
2) Tradable Precious Metals include:
Uranium;
Enriched Uranium;
Gold;
Silver;
Copper;
Titanium; and
Cobalt.
3) Any nation or group of nations with a controlling interest (at least 51% all shares required) in any firm can open a Business Account for that company with the CGP Central Bank. All profits, excluding dividend payments, can be deposited in an account and used to purchase shares or companies to form a group;
4) Only funds deposited in the CGP Central Bank, or other recognised institution, can be used for the purchase of stocks and shares;
5) Nstate companies must have an equivalent on the London Stock Exchange (http://www.londonstockexchange.com/en-gb/). This is to allow performance tracking. When preparing to float a company, nations must specify which company they wish to be linked to (see Floating a New Company below).
Nations can decide which company they link themselves to, or can leave this decision upto the Chairman of the GRFTSE;
6) Profit is calculated every three months (1 March, 1 June, 1 Sept, 1 Dec). Nations will be provided with details of how to calculate this and are expeted to pay themselves, and their share holders;
7) Any company flouting any rule may have trading suspended. This will include the freezing of all accounts held in CGP banks.
Floating a New Company
1) Companies wishing to float on the GRFTSE must contact the Commonwealth of Grand Plutocracy with the following information:
Name of the Company;
Business Type;
Nation wishing to form Company;
Initial shares you wish to sell;
What percentage of total shares the current amount on sale represents;
Notes: If you want to provide any notes or other information on the company, this can be added. Try to keep it short.
If you have a company you wish to link yours to in mind, please include this information. Otherwise, a decision will be made on your behalf.
You must indicate the % of quarterly profits that you intend to redirect to the shareholders.
2) Companies cannot begin trading until they have been issued a Stock Exchange Code. Once this is done, and confirmed via telegram, you may begin trading;.
Shares and Share Holders
1) Any nation or company holding shares is a share holder;
2) Profits from the sale of shares are the property of the controlling company or nation, and maybe deposited in the CGP Central Bank or elsewhere;
3) The selling and buying of shares must be conducted on the GRFTSE main page;
4) The share price is fixed for one week, updated from the share linked share price on the LSE or NYSE every weekend;
5) It is the duty of majority shareholders to pay dividends to any other share holder out of the quarterly profits.