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 For capital holding companies |
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For capital holding companies |
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| Not suitable here for: |
| • Investment advising, possibly suitable as a management consultant (agent, agency); |
| • Banks and financial institutions, they are welcome as a refinancing institution |
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According to the articles of organization they are obligated to the following duties: On behalf of the cooperative there are 3 accounts required, separated from funds of the company: • A capital account for deposits of capital providers; Use of funds for capital provisions to member companies, for refinancing of debts of member companies, for financing of share acquisitions in member companies for conversion into company units and for reserves in precious metals; • A payment account for repayments of capital takers; Use of funds for internal withdrawals for claims, for investments in suitable companies and short-term acquisitions for the purpose of transformation to achieve membership eligibility and for withdrawals to capital provider, also with reserves if needed; • A reserve account for precious metals; 10 to 25% of the outstanding capital should be secured by precious metals; All capital holding companies of a nation are jointly responsible for the claims. If sufficient funds are available, a claim should be settled as soon as possible. If the available funds are insufficient to cover claims, the investment cooperative can provide support. Participating companies need to have the appropriate license if required. Benefits • 3% of the repayments of companies provided with capital; • Discount advantages at own capital provisions; • The funds held are separate from company funds, to avoid a financial loss for the capital holding company. • No interest can be accrued on any credit balances. • The company can charge a fee for deposits and withdrawals. |
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