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Lostboy
Commander
Joined: 22 Aug 2008
Posts: 384
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 Posted: Tue Aug 16, 2011 12:37 pm Post subject: What forms do credits take |
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| In star wars credits are the money but is this electronic money like that used for bank transfers or is it encoded on chips? |
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CRMcNeill
Director of Engineering
Joined: 05 Apr 2010
Posts: 16281
Location: Redding System, California Sector, on the I-5 Hyperspace Route.
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| Posted: Tue Aug 16, 2011 12:39 pm Post subject: Re: What forms do credits take |
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| Lostboy wrote: | | In star wars credits are the money but is this electronic money like that used for bank transfers or is it encoded on chips? |
Both.
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"No set of rules can cover every situation. It's expected that you will make up new rules to suit the needs of your game." - The Star Wars Roleplaying Game, 2R&E, pg. 69, WEG, 1996.
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garhkal
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Joined: 17 Jul 2005
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Location: Reynoldsburg, Columbus, Ohio.
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| Posted: Tue Aug 16, 2011 1:30 pm Post subject: |
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Credits can be cold hard cash, sticks with values of credits "encoded" on them, paper chits with credit amts wrote on and certified (bank notes). Heck even just an account number.
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Bren
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Joined: 19 Aug 2010
Posts: 3868
Location: Maryland, USA
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| Posted: Tue Aug 16, 2011 1:41 pm Post subject: |
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| Aspects of this topic came up in a prior thread which you may find interesting. |
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Lostboy
Commander
Joined: 22 Aug 2008
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| Posted: Wed Aug 17, 2011 11:16 am Post subject: |
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| Thanks guys. |
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Lostboy
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| Posted: Thu Aug 18, 2011 7:14 am Post subject: |
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How would an independent planet (or planetary collective) start a credit account with a galactic bank or pay for things if they just entered the galactic stage?
Last edited by Lostboy on Tue Jun 12, 2012 4:45 am; edited 1 time in total |
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Bren
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Posts: 3868
Location: Maryland, USA
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| Posted: Thu Aug 18, 2011 12:09 pm Post subject: |
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| Lostboy wrote: | | How would an independent planet (or planetary collective) star a credit account with a galactic bank or pay for things if they just entered the galactic stage? |
Good question. Typically banks in the real world are very conservative about extending credit. Essentially they want to makes sure there is an assured way for the bank to recover the loan. Look at it from the galactic bank's perspective. What if they extend credit to this independent planet or collective and the new entity just takes the money and refuses to pay the bank back. The bank would have to go to war to try to get repaid. (Which is probably why the Banking Clans in the Clone Wars have armies. Too many risky loans from the governmental loan department.  )
One way to do that would be for the independent planet or collective to deposit items of value with the galactic bank or create a lien against receivables located within the galactic bank's home jurisdiction. The galactic bank could then provide cash against the valuable collateral.
In the real world I've had to work with both sending/receiving wire transfers and establishing new bank accounts in foreign countries. Both can be surprisingly time consuming - typically 24-48 hours or 2 business days for the wire transfer and sometimes weeks for a brand new bank for a newly incorporated company.
Hope that helps. Maybe someone more experienced in international finance may be able to provide some additional thoughts. |
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garhkal
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Location: Reynoldsburg, Columbus, Ohio.
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| Posted: Thu Aug 18, 2011 3:48 pm Post subject: |
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Normally they would have to acquire something for collateral up front from said banking institution... that then gives them X amt of credit that could be drawn. The longer they stay 'good customers' the more that credit can expand.
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