Possession of securities#
Securities allow you to invest in businesses and institutions in the cloned land and receive daily dividends. They can be purchased by clones with the “Craftsman” status or higher. Income accrues only on securities held in your account vaults.
Basic rules for owning securities:
- Securities give the right to a share of the profits of an enterprise or institution.
- The validity period of each paper is 5 years from the date of purchase.
- After the expiration date, the paper is disposed of and can be reissued.
- To receive dividends, safes must be installed on the account.
- Safes are installed by the state free of charge in homes, settlements and principalities.
- Dividends are not accrued on securities offered for sale or reserved in orders.
- Dividend accrual resumes after the security is sold or withdrawn from sale.
Purchase and sale#
Securities are purchased at the state securities auction. Purchases are available to clones with “Craftsman” status and above. Purchased securities are credited to the account within 5 minutes. Securities are sold on the Trade Guild stock exchange; trading is available to clones with “Peasant” status and above.
Emission#
The securities are issued by the state. Additional issuance is possible if the dividend payout for a given type of securities exceeds 40 percent. The state notifies players of the upcoming issue in advance via in-game news.
Accrual of dividends#
Dividends are accrued daily and distributed proportionally to the number of shares held by owners. Payments are made from the specific security’s pool at the beginning of the following day.
Formula for calculating dividends per security:
\( D = S/A \)| Variable | Explanation |
|---|---|
| \( D \) | The amount of dividends per security. |
| \( S \) | The number of gold coins in the fund of this type of security. |
| \( A \) | The total number of securities of this type, including those at auction. |
Accrued dividends go to the treasury of houses, settlements, and principalities. The treasury can be robbed within 24 hours, so the player must ensure its protection through security or social policy development.
Securities that are at auction and not redeemed within 24 hours are included in the accrual of dividends, but the accrued amounts are returned to the state fund.