Amudim: Bankaut Integration Framework Initiative (BIFI)

[GreekIdiot]

FROM: City State of Tel Bira
TO: Sovereign states permitting their financial institutions to operate abroad

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For context, please visit bankaut.com

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This Treaty, officially known as the Bankaut (Yeudish: בַּנקָאוּת, transl. Banking) Integration Framework Initiative, henceforth referred to as Bankaut and/or BIFI, concerns financial institutions of the private sector from signatory nations and refers to a universal gateway for digital transactions, allowing participating financial institutions to execute cash, swaps and asset transfers between each other on a single mainframe, with 0% commission applied on potential currency exchanges.

Financial institutions include but may not be limited to consumer and corporate banks, financial insurance providers, investment groups, hedge funds, wealth, asset and debt management firms and financial rating agencies.

By ratification, 
Signatory Nations 
(they, them, their):

(1) UNDERSTAND that BIFI is a product/service of the information and communications technology industry (fintech); owned, operated, developed and managed by the Tel Bira Stock Exchange and the City State of Tel Bira itself, in association with relevant partners,

(2) RECOGNISE that BIFI's and the TBSE's data are protected by privacy laws subject to the Courts of Amudim,

(3) UNDERSTAND that the City State of Tel Bira provides a 150-year warranty of a 0% tax applied on corporate incomes and assets declared in Tel Bira by participating financial institutions,

(4) RECOGNISE that this treaty is not a double-taxation avoidance agreement,

(5) UNDERSTAND that the City State of Tel Bira's liquidity is guaranteed by Ashalon Bank BEIFG, Yishel Investment Group, Beishalom Group and AIG, and their creditors and investors,

(6) RECOGNISE that the City State of Tel Bira officially accepts their currency as mediums for commerce and trade,

AND,

(7) UNDERSTAND that the City State of Tel Bira has no authority over fiscal, monetary, regulatory and any other financial policies, including those of oversight, over participating financial institutions,

THUS,

(8) AGREE to allow financial institutions registered within their borders to operate, trade and declare income and assets in the City State of Tel Bira.