King

The competition lasted for three days before it ended. Except for a few unlucky guys who were injured during the fighting, everything went smoothly and all parties were satisfied.

The dignitaries completed a political performance, the melon-eating masses watched the excitement, and the students showed their faces in front of the big shots.

As a special guest, Hudson and several ministers also served as award presenters.

As for His Majesty the King, who has the most distinguished status, he quietly left the scene before the game was over.

After suffering a loss, the royal family has learned its lesson and will not let strangers approach the king at all.

There are so many people at the scene, no matter how strict the inspection is, there is no guarantee that no assassins will sneak in.

Not only the king, but also all the dignitaries in the royal capital are surrounded by strict security measures. Only a handful of people who are strong themselves dare to travel alone.

What's interesting is: the tighter the security measures, the greater the probability of being assassinated. On the contrary, he is traveling alone and is not the assassin's target.

For example: Hudson, the dragon knight, often flew around in the sky, but he never encountered an assassination.

Few of the other eighth-level powerful men in the kingdom were assassinated. Those who are often patronized by assassins are usually nobles with weak personal strength.

Obviously, when an assassin takes an order, he also has to pick the weak ones.

With the completed magic crystal card in hand, Hudson returned home with satisfaction.

The next task is to distribute these magic crystal cards, which cannot be completed in a short time.

According to the standards set by Hudson, the bank's customer base is not large, or even very small.

In order to ensure that these magic crystal cards do not become dead cards in the hands of customers, all magic crystal cards issued for free are bound to identities, and only those who spend money to purchase them can choose to remain anonymous.

…

Xueyue Ling, Duke's Mansion.

"Your Majesty Duke, this is the latest data from the bank. In the first half month of opening, we have issued nearly 400 magic crystal cards and collected deposits of 1.86 million gold coins.

The current users who apply for cards are all here because of your name. They didn't care about the specific business of the bank. Only a few nobles had inquired about exchange and loan business.

Deposit business data is mainly driven by territorial income deposits. If the deposits of the Lord's Mansion in the bank are deducted, the actual deposit amount is less than 860,000 gold coins.

On average, the average deposit per customer is only 2,200 gold coins.

According to data analysis, the customers who deposited two thousand gold coins are all doing it to support you, and there is no need for loans or exchange in the short term.

Only about one-tenth of our customers will have business interactions with us in a short period of time, mainly for remittances and currency exchanges.

According to your stipulation, no exchange fees will be charged within one year, and these businesses will be loss-making transactions in a short period of time.

Regardless of the cost of the magic crystal card, so far we have invested 110,000 gold coins in the Near East Development Bank.

Mainly include: purchasing real estate, building treasury, setting up magic circle, personnel training, equipment procurement...

Based on current estimates, the bank's monthly operating costs will remain between 5,000 and 8,000 gold coins.

Mainly the Wangdu branch requires a large number of security personnel, which increases security investment.

If the business volume increases in the future, funds will need to be mobilized between the three major branches, and escort fees will also increase.

Considering the actual situation, we must start the lending business as soon as possible to let the funds in the account flow in order to achieve profits as soon as possible.

After risk assessment, the Shandiling branch is currently the most suitable for expense lending business. We have been operating in the southeastern provinces for the longest time and are very familiar with the situations of potential customers and can effectively control risks.

Because of the war, many small and medium-sized nobles had financial problems and needed an emergency fund.

With territorial income as collateral, basically no accidents will happen. Just because of your name, Duke, no one dares to break the contract maliciously.

Next is the Wangdu branch.

Although it has just started operating there, the royal capital radiates across the country. There are many nobles coming and going every day, and there will always be those who are short of funds.

Some businessmen are also potential customers. As long as they have property in the king as collateral, the safety of the loan is guaranteed.

The worst situation is at Xueyue Ling branch.

The current situation in the Near East is unclear. Once the orcs invade, it will be difficult for small and medium-sized nobles to resist.

However, there are also the most potential customers here, and most noble lords lack funds. As long as you spread the word, customers will come to your door immediately.

For security reasons, Xueyue Ling Branch had better not rush to start business in the Near East. Anyway, many nobles in the seven northern Xinjiang provinces also lack funds, so we can do business there first.

After the kingdom's defense line is completed and the Near East has a certain ability to protect itself, it will not be too late to start lending business! "

Rudolph said cautiously.

As Secretary of Commerce, he had just achieved balance of payments and was suddenly appointed President of the Near East Development Bank by Hudson. He only felt like Alexander.

It was as if every loss-making project in the territory had to be passed through his hands. You must know that several projects he took over before initially suffered losses.

It seems to be analyzing, but in fact it is also implicitly admonishing. Prior to this, Hudson had planned to inject one million dollars to issue construction loans to the nobles in the Near East.

However, because bank construction requires capital investment, the one million gold coins injected in the early stage were used as infrastructure investment.

Including purchasing raw materials for magic crystal cards, investing in basic hardware, purchasing magic potions, and sponsoring competitions...

Among them, the purchase of magic potions is a left-hand transaction, and the purpose is simply to increase bank costs.

Judging from the books, Hudson has invested 1.28 million gold coins in the Near East Development Bank since its establishment.

This is just the beginning. If nothing unexpected happens, the cost input on the books of the Near East Development Bank will continue to rise.

The reason for raising such a high cost is not to scare away competitors. In fact, there are no competitors.

Daring to issue loans in the Near East is almost like doing charity. Uncontrollable risks are enough to discourage everyone from investing.

The main purpose is to show it to the outside world.

With the high cost investment as a foundation, it becomes logical to charge subsequent handling fees and loan interest.

Different identities lead to different perspectives when considering issues. As the president of the bank, Rudolf has to consider the safety of the bank's funds and naturally hates this kind of uncontrollable loan business.

One million gold coins smashed into the land of the Near East will have an unknown impact. Anyway, no one knows how much these loans can be recovered.

Seventy percent?

Fifty percent?

Or 30%?

Even losing all your money is possible.

Huge capital losses have always been a chain reaction, which will not only increase the bank's bad debt rate, but may also trigger a run crisis.

“Now that we are ready, let’s start business! The bank’s first priority is risk control. Although the cost of obtaining funds is not high, the safety of the loan must be guaranteed.

Every loan must have collateral. If there is insufficient asset collateral, let customers find guarantors.

In principle, we only deal with mid-to-high-end customers, and the minimum loan amount is tentatively set at two thousand gold coins.

Below this number, the interest rate of return of 15% is too low, and we cannot supervise too many customers who appear at once.

The situation in the Near East is special. According to normal risk assessment, none of them can pass the review.

For customers in the Near East, please review them first. It mainly depends on their background, military strength, and the specific location of their territory.

After the review is completed, please attach relevant information and submit it to me, and then I will decide whether to grant a loan to them. "

Hudson didn't want to do a loss-making business. But there are some things that have to be done by someone.

As the largest noble lord in the Near East, he not only has rights and interests, but also has accompanying obligations.

If the younger brother below has potential for development, Hudson would definitely not mind investing in him. Even if we lose money economically, we will make it back politically.

What's more, these loans may not necessarily result in losses. Even if it becomes a bad debt, it will only be a loss of money on the bank's books.

It is difficult to imagine the power of finance without personal experience. Granting loans is only the first step. Controlling the economic lifeline of the Near East through loans is what Hudson wants.

After hesitating for a while, Hudson added: "Considering the risks, some additional conditions can be set up, such as: tax exemption for Xueyue Ling's goods.

Or after getting the loan, they must spend a certain proportion of funds to purchase supplies from Xueyue Ling.

The specific terms are determined by you based on the actual situation. The loan business has just begun, so don’t set any additional conditions that are too outrageous! "

He originally didn't want to say these challenging words. Unfortunately, if you have never seen the face of a bank, you will definitely not be able to understand it for a while.

If we rely on capital to evolve on our own, without decades of exploration, it will be difficult to figure out these obscure profit-making methods.

Simply relying on the interest difference to make money is too low-end. Many times the profits brought by the additional conditions even exceed the loan itself.

The meat is all in the pot anyway, regardless of whether the profit is converted into loan interest, taxes or rent, Hudson doesn't mind.

Money is only real money when it flows. When it lies in a vault, it is just a bunch of numbers.

In this world where wealth is highly monopolized and concentrated, as soon as the money is loaned out from the bank, it will soon be turned into other people's deposits and flow back to the bank again.

"Your Excellency, the Duke is conducting business in three places at the same time, and the money in the bank account may not last long.

Especially at Xueyue Ling Branch, the cash is less than 300,000 gold coins, half of which is the project funds we want to issue.

…”

Before Rudolph could finish speaking, Hudson interrupted: "The cash Xue Yue received was not enough, so he issued gold tickets as a supplement.

All major chambers of commerce can issue golden tickets, and we can follow suit. Just make a magic anti-counterfeiting mark and limit the number of copies issued.

Following the order, all industries in the territory will receive gold tickets issued by the Near East Development Bank.

As for whether other merchants recognize it, there is no mandatory requirement. With our monopoly in the Near East, it was only a matter of time before the golden tickets began to circulate.

It's better to just do this, and the loans issued will be directly credited to their magic crystal cards. Provide bulk material transaction transfer services.

Carrying a large amount of gold coins back and forth is a burden for both parties to the transaction, and it is definitely not as convenient as direct transfer.

At least salt, iron, and grain, these transactions are monopolized by us, and we can force them to use transfer transactions.

As long as you do it a few times, everyone will gradually get used to it.

After you get down there, think about it again. After taking these paths, you no longer have to worry about being short of cash.

No one stipulates that banks can only grant as many loans as they have capital.

As long as there is money in the treasury, loans can be issued to the outside world. Be conservative in the early stage and control the capital adequacy ratio at 30% to deal with a run crisis in an unexpected situation.

Once credibility is established, slowly increase leverage. Specific standards will be determined based on subsequent development of the situation. "

…

Hudson is still worried about the development of the Near East, and the kingdom's intelligence organization has already taken action.

In order to promote the modernization process of the Orc Empire, the kingdom's spies from a group of powerful races were activated at this moment.

A pluralistic empire does not conform to the interests of certain orc empires, but it certainly conforms to the interests of these races that desire to advance further.

The task is consistent with the interests of your own race, so there is no need to worry about anything, just do it directly.

The tiger tribe's residence.

Ever since the four major royal families announced that they would compete for the position of the royal family in a legion war, the atmosphere here has never been relaxed.

"Putlu, where did this plan come from?

I don't believe that your brain can come up with so many things in a short period of time. "

The tiger tribe leader's question made Putlu smile awkwardly.

In order to enhance their persuasion, the Alpha Kingdom gave them a complete theory. As soon as he opened his mouth, Putlu fooled the senior members of the clan.

Unfortunately, he acted too hard and was inconsistent with his usual personality. The leader of the tiger tribe saw through it all at once.

“Clan Chief, it doesn’t matter who came up with these things, the key is that they are useful to us.

If we really follow the requirements of the four royal families and take the main force of the clan to participate in the legion battle, even if we can win, we will suffer heavy losses.

Even if they fulfilled their promise in the end, in our orc empire, if the royal family has no strength, is it still a royal family?

Maybe after a few days of holding the position of royal family, someone would take it down again. Just look at the Behemoth family. They are the oldest royal family, and they were mercilessly exiled to the front line.

If a war breaks out one day, the Behemoth clan might become history. At this critical moment, we can’t be stupid! "

Putru explained confidently.

Before this, he had already been brainwashed by the theory of "pluralistic monarchy" and believed that this new political structure was the choice that best served the interests of the tiger people at present.

"What you said makes some sense. Judging from the current situation, the comprehensive strength of our five races participating in the royal family competition is almost the same.

If the fight continues, there will probably be no real winner in the end. If you can't monopolize the fifth royal family position, it's better to join forces to add five more seats.

It's just that this matter is not something that our family can decide. We must also get the support of the other four families to have the strength to negotiate terms with the four royal families! "

The tiger tribe leader said cruelly.

The current tiger clan has been forced into a corner. There was never any retreat in the battle between royal families. From the day their strength was exposed, they had no choice but to fight to the end.

The situation of other races is similar to them. In the beginning, it was all based on ambition, but now there is no way out and we can only fight to the death.

Even if they take the initiative to give in now, they will still not let them go after the new royal family is born.

"Chief, since you think it's feasible, let's act quickly!

Before the four royal families could react, they united everyone first to create an established fact.

If it's too late, word gets out. There are four major royal families coming out to cause destruction, and if they want to unite with all parties, it will not be that simple! "

Putru persuaded him hard.

The gap between the orc race and the orc royal family is not only racial strength, but also political status.

If you are not a member of the orc royal family, no matter how powerful you are, you will still live a precarious life.

These races, if they weren't capable, would hide their strength secretly. I am afraid that during the mainland war, he became cannon fodder in the war with the human race.

You must know that the orc race declined because of the war, not just one or two. Some of the most powerful races have a comprehensive strength that is even comparable to that of the Khajiit clan.

There is only one reason for their decline - they emerged too early!

In name, the orc royal family is protecting the diversity of the orc race, but in fact they are the biggest culprit in the decline of all races.

Those who are protected are those races with low combat effectiveness, special skills, and who are willing to be their little brothers.

A race with strong combat power like the Khajiit tribe would become a thorn in the side of the royal family and a thorn in their flesh as long as they showed a little bit of strength.

"Putru, when did you have contact with the human race?"

The tiger tribe leader's question startled Putlu. This was his deepest secret, one he had never revealed to any Khajiit.

"Clan leader, what are you talking about? How can I be connected with the human race?

Apart from the human smuggling caravans, I have never had any contact with humans. How could I be in contact with them! "

It's okay not to explain. With such an explanation, the tiger tribe leader became more sure of his guess.

"snort!"

"Putlu, do you think I'm a fool?

Apart from the cunning human race, who can find a way to break the situation in such a short period of time?

If he had this ability, he would have done it long ago, so why delay it until now? "