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<blockquote data-quote="J. Alexander" data-source="post: 3545578" data-attributes="member: 28453"><p><strong>Conservations</strong></p><p></p><p>"That is the 64 gold piece question actually sir"...pausing to sip his coffee Michael will add "Intially, I think just opening a deposit account to hold my surplus funds as well as part of the company's reserve liquidity. My factor here on Terge has authority to draw against the corporate account at the Miner's Trust on Axipolis but if things go according to schedule, I fear I will be far afield when he will need additional funds. So i guess I will actually need to establish a line of credit of say perhaps 100,000 gold pieces from which i can have funds transfered via your good offices to the Axipolis account. I am sure you can understand why it is necessary to keep my factor from drawing funds only as they are needed. And I am quite sure that as I make additionaly deposits into the surplus account and the reserve account you will have access to the ledger balance so it may not even be necessary for us to access the line of credit. But better to be cautious and dot all the i's rather than leave things to chance." Taking another sip of coffee Michael will add "I almost forgot, if it is possible I will need to estabish a third account from which Chieftian (insert name) can make depostis and draw the odd check in regards to our business matters here, but i assure you it will be on a very limited basis, no more than 10,000 in blance at any given time"</p></blockquote><p></p>
[QUOTE="J. Alexander, post: 3545578, member: 28453"] [b]Conservations[/b] "That is the 64 gold piece question actually sir"...pausing to sip his coffee Michael will add "Intially, I think just opening a deposit account to hold my surplus funds as well as part of the company's reserve liquidity. My factor here on Terge has authority to draw against the corporate account at the Miner's Trust on Axipolis but if things go according to schedule, I fear I will be far afield when he will need additional funds. So i guess I will actually need to establish a line of credit of say perhaps 100,000 gold pieces from which i can have funds transfered via your good offices to the Axipolis account. I am sure you can understand why it is necessary to keep my factor from drawing funds only as they are needed. And I am quite sure that as I make additionaly deposits into the surplus account and the reserve account you will have access to the ledger balance so it may not even be necessary for us to access the line of credit. But better to be cautious and dot all the i's rather than leave things to chance." Taking another sip of coffee Michael will add "I almost forgot, if it is possible I will need to estabish a third account from which Chieftian (insert name) can make depostis and draw the odd check in regards to our business matters here, but i assure you it will be on a very limited basis, no more than 10,000 in blance at any given time" [/QUOTE]
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