Jan 15th 2008, 16:09 BNT Brautigan & Tuck Holdings
by IntLibber Brautigan

BNT Announces Returns Policy for BNT Financial

In light of the legally dubious policy on banks and interest issued by Linden Lab, BNT has changed its terms of service for BNT Financial.

In the middle ages, the Pope tried to outlaw interest as the sin of 'usury'. The merchants of that time, the persons who dragged the church kicking and screaming out of the dark ages, networked around this ban by constructing three simple contracts which offered their creditors a return on their investment in a way that was neither direct, nor capable of being outlawed without wrecking even more of the economy of that time. This was called "Contractum Trinius", or simply, "Three contracts" in english. The three contracts BNTF now operates under, and which our depositors agree to under this terms of service are as follows:

Contract 1: You, the depositor, agree to deposit your sum of money in BNT Financial for zero interest on a daily, monthly, quarterly, or annual period.
Contract 2: You, the depositor, agree to purchase, from us, insurance against default in an amount of 2.5 L$ per 1000L$ deposited, per day.
Contract 3: You, the depositor, agree to sell us, the Holding Company, all rights to profit from use of this capital, for the amount of 10L$ per 1000L$ deposited, per day.

These three contracts do NOT constitute any payment of interest or direct return on investment. Insurance is of course an expense for the depositor, and the 10L$ per 1000L$ deposit paid to the depositor is not interest or a direct return, it is a payment of sale for the rights to profit on the money deposited. Therefore, Contractum Trinius does not violate the Linden Lab bank policy on interest or other direct return on investment.