1 / 25

JAK BANKING SYSTEM

JAK BANKING SYSTEM. THE PURPOSES OF JAK:. TO SUPPORT THE MEMBERS WITH A BANKING SYSTEM AT COST PRICE. ... AND TO SPREAD INFORMATION ON INTEREST-FREE ECONOMY. Deposits and Loans (1991 -2009). Deposits Loans. FAIR!. SAVER. BORROWER. UNFAIR!. BORROWERS. SAVER.

simone-crosby
Télécharger la présentation

JAK BANKING SYSTEM

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. JAK BANKING SYSTEM

  2. THE PURPOSES OF JAK: TO SUPPORT THE MEMBERS WITH A BANKING SYSTEM AT COST PRICE... ... AND TO SPREAD INFORMATION ON INTEREST-FREE ECONOMY.

  3. Deposits and Loans (1991 -2009) Deposits Loans

  4. FAIR! SAVER BORROWER

  5. UNFAIR! BORROWERS SAVER

  6. JAK’S SAVING AND LOAN SYSTEM INTEREST- FREE! POINTS!

  7. Balance in the Saving and Loan System ”I shall contribute to the system to the same degree as I use it” How do I contribute? By saving. How do I use ít? By taking loans. Hence, I have to save as much as I borrow. To measure ”that I save as much as I borrow” we have to time into consideration: I contribute the system more if I save 10 000 KR for one year, than I do if I save 100 000 KR for one day.

  8. Saving points One positive saving point = + 1 SP = To save 1 KR in JAK for one month. (When the saving factor is 1) One negative saving point = - 1 SP = To have a debt of 1 KR for one month. Hence: ”One should save at least as much as one borrows ” means ”One should always have a positive balance of saving points in JAK (today or in the long run)”

  9. SAVE ON A REGULAR BASIS 1000 KR PER MONTH FOR 3 YEARS, SAVINGFACTOR 1: SINGLE DEPOSITION 10000 KR FOR 3 YEARS SAVINGFACTOR 1: SAVING POINTS SAVING POINTS UNSURE? - CALL!

  10. SAVING FACTOR POINTS!

  11. LOAN A LARGER PRE-SAVING GIVES MORE POINTS. MORE POINTS GIVES A SMALLER TIED SAVING

  12. kr Saving The saving is contractual and equal in size to the loan (if no money has been saved prior to the loan) + Saving points Tid - Saving points Amortization

  13. IT IS THE 3% OF THE DEBT DURING THE WHOLE REPAYMENT PERIOD HOW DO YOU CALCULATE THE COST OF THE LOAN?

  14. TAKING THE LOAN DEPOSIT LOAN AFTER REPAYMENT

  15. Equity Deposit why? In order to have a bank licence, JAK is obliged to own a large reserve on its own (ca. 5 million euro). It is the owners of the bank (the members) who ought to make this investment. And we do. How? -Via the membership deposit: Every new JAK member deposits 200 kr. This money is a basic deposit. The following years the member pays 250 kr, not as a deposit but as a membership fee (to cover for annual admin. costs). The basic deposit stays in the bank and add to its capital reserves. - Via the equity deposit: 6% of the loan. This money goes back to the member when the loan is paid off (*). It accounts for a dynamic part of the reserves, which is passed on like a baton. (*) If JAK’s economy is in good order. It has always been..

  16. INTEREST-FREE LOANS COST LESS PROFIT INTEREST ADMINISTRATION ADMINISTRATION SMALL LOAN LOSSES LOAN LOSSES

  17. APPARTMENT! PROPERTY! SURTY! LOANS WITHOUT SECURITY UP TO 100 000 KR

  18. YOUR MONEY IS KEPT SECURE. GRYMT GOOD! STRONG DEMANDS FOR SECURITY ON LOANS. DEPOSIT GUARANTEE ON ALL SAVINGS.

  19. MEMBER ABILITY TO PAY WE HAVE DONE A CREDIT RATING, AND EVERYTHING IS PERFECTLY IN ORDER. SECURITY

  20. THE FLOW OF MONEY IN CONVENTIONAL BANKS AND IN JAK…

  21. PROFIT COMMITIONS, ETC. ADMINISTRATION ADVERTISEMENT LOSSES TAX

  22. DEPOSITS + POSSIBLE SURPLUS LIQUID MEANS SAVINGS LOANS

  23. MEMBER RETURNS MEMBERSHIP FEE BORROWER ACTIVITIES FOR PUBLIC EDUCATION LOAN FEE TAX

  24. Support Savings

  25. 20 000 € - 10 years JAK JAKComercial Income by Normal Support Savings Loan interest (6%) (2%) Repayment 167 € 167 € - Savings 167 € 0 € 0 € Cost 25 € 25 € - Monthly payment 3 59 € 1 92 € 235 € Total Cost 3 000 € 3 000 € 8 220 € 1 590 €

More Related