Econ: Summit Bank Loan

During the trade session, you and your team will be able to take out a loan from the Summit Bank. Loans can only be secured with your country’s export coupons as collateral. Each coupon will serve as collateral for 5 WELCOs. You must hold the loan for a minimum of 15 minutes. The fee for taking out a Summit Loan is a flat rate of 5 WELCOs.

Ten points are awarded to each team that successfully takes out and the repays the Summit Loan. You must complete the transaction during the Trade Session. A 10 point deduction will be taken from each team that defaults on a Summit Loan.

Time is the scarcest resource at the Summit. Careful planning is critical for your team’s success. It’s a good idea to select one advisor on your team to complete the loan process while the rest of the team is completing trades.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: