Debt Offerings

[Guest]

I know loans are a no-no; my question is, what about Debt Offerings? Companies could offer a debt issue on the market place, and it could be traded actively. Companies that are more robust financially could get lower interest rates to finance operations. You could have the beginnings of I-banks that are companies that exist only to trade in the debt of other companies.

If a company defaults on the debt, then the buyer of the debt is simply out his money. No 'negative balances' and that ilk.

Probably a 'not do' but it sounds like it'd be fun to me, and it would particularly heat of the large capital goods market (like buildings and research), allowing companies to post an intent and solicit capital from the marketplace. They would then be responsible for turning around a profit - not to the 'bank' but to other companies.

But the best thing is, it would really improve inter-player relations. Let's say I've got a really good supplier for Coal, but he only supplies 10% of my needs. I can invest my cash in him by buying his debt - getting access to more coal from a reliable supplier. This helps him get into the game faster, and helps me.

Eh?

[Guest]

Probably a 'not do' but it sounds like it'd be fun to me

I am sorry, but this is not only probably a "not do", but certainly.
It is, in the end, nothing else then some kind of loan. And private loans (even those things that are "officially" not declared as a loan) cannot be allowed.

So: Thanks for your idea but it cannot be combined with the rules.