Editing Clans

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Maintaining and tracking the flow of work credits and Kerenskies is the job of each Clan's "central bank," in truth a series of institutions associated with major mercantile concerns.  Besides working with the civilian administration to arrange the transfer and remuneration of funds, they also serve to provide loans, especially by those with the most assets.  The borrower must pay a fee determined by the duration of the loan and sum involved, and must put up collateral equal in value to the loan.  A default on the loan results in ownership of the collateral passing to the institution, even in the rare cases when the loan is made to another Clan.  Refusing to honor the deal is possible but such a thing happens just as infrequently.  The Jade Falcon Clan in particular earned a reputation for their banking practices, giving rise to the phrase "as sharp as the talons of a Falcon banker."<ref name=TCWK67/>
 
Maintaining and tracking the flow of work credits and Kerenskies is the job of each Clan's "central bank," in truth a series of institutions associated with major mercantile concerns.  Besides working with the civilian administration to arrange the transfer and remuneration of funds, they also serve to provide loans, especially by those with the most assets.  The borrower must pay a fee determined by the duration of the loan and sum involved, and must put up collateral equal in value to the loan.  A default on the loan results in ownership of the collateral passing to the institution, even in the rare cases when the loan is made to another Clan.  Refusing to honor the deal is possible but such a thing happens just as infrequently.  The Jade Falcon Clan in particular earned a reputation for their banking practices, giving rise to the phrase "as sharp as the talons of a Falcon banker."<ref name=TCWK67/>
  
===Black Market and the Inner Sphere===
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===Black Market & Inner Sphere===
 
Despite restrictions, a substantial black market exists within Clan society.  Largely centered in Katyusha City on [[Strana Mechty]], it primarily revolves around the buying and selling of nonstandard goods and uses Kerenskies to facilitate transactions.  For this reason any nonmerchants found to be in possession of hard currency are considered racketeers and punished with a two-step reduction in grade and public flogging.<ref name=CBT192/><ref name=MWC77/>
 
Despite restrictions, a substantial black market exists within Clan society.  Largely centered in Katyusha City on [[Strana Mechty]], it primarily revolves around the buying and selling of nonstandard goods and uses Kerenskies to facilitate transactions.  For this reason any nonmerchants found to be in possession of hard currency are considered racketeers and punished with a two-step reduction in grade and public flogging.<ref name=CBT192/><ref name=MWC77/>
  

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