Financial system: Difference between revisions

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File:FinanceFunctionValuesPanel.jpg|Function Values panel
File:FinanceFunctionValuesPanel.jpg|Function Values panel
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===Adjusting construction costs===
The Construction Costs can be adjusted in the Function Value panel. These costs are displayed in an amount of money x 1,000/ surface unit. Currency and measurement units depend on the selected region (localization) of the project.
===Adjusting demolition costs===
The Demolition Costs can be adjusted in the Function Value panel. These costs are displayed in an amount of money x 1,000/ surface unit. Currency and measurement units depend on the selected region (localization) of the project.
===Adjusting land price when buying===
The Buy Price for land transactions has a default value of 400, whatever the currency unit is used. The actual adjusting of the price takes place during a session, where the buying party can change this default value when proposing a transaction to another stakeholder.
{{Editor steps|Open a project with land transactions available to the stakeholders|Select 'Buy/ sell land' from the available actions on the left side of the screen.|Select 'Buy land' from the action menu.|Select the area to buy in the 3D world.|Adjust the proposed Buy Price, if desired.}} [[File:FinanceLandBuyPrice.jpg|350px|thumb|Adjusting Buy Price during a session]]
===Adjusting buy out costs===
The Buy Out fee are the costs involved with the relocation of inhabitants, when demolishing a structure that is not vacant. These costs can have a high impact on planned projects. Adjusting these costs can be done in the Function Value panel for each structure in the project area.
===Adjusting interest to be paid over (bank) loans===
Currently the amount of interest is a fixed value in the {{software}}, which can not be adjusted. For simulation purposes of a planning project, the actual value is not that important. However, when there is demand for this value to be adjustable, this feature can easily be implemented in a future update.
===Adjusting income generated by constructing===
When a structure is constructed, an amount of money becomes available for the stakeholder that constructed it. This income is called the 'Sell Price' and can be adjusted in the Function value panel for each function. This 'Sell Price' also refers to the income generated on rental objects, such as constructions by housing corporations. The rent income is calculated over the economical lifespan of an object and the total is then added as one amount to the budget of the stakeholder upon completion of the project.
===Adjusting land price when selling===
The Sell Price for land transactions has a default value of 400, whatever the currency unit is used. The actual adjusting of the price takes place during a session, where the selling party can change this default value when proposing a transaction to another stakeholder.
{{Editor steps|Open a project with land transactions available to the stakeholders|Select 'Buy/ sell land' from the available actions on the left side of the screen.|Select 'Buy land' from the action menu.|Select the area to sell in the 3D world|Adjust the Sell Price, if desired}} [[File:FinanceLandSellPrice.jpg|350px|thumb|Adjusting Sell Price during a session]]
===Adjusting subsidies===
Requesting of subsidies, and the consequently adjusting of the amount of subsidy, takes place during a session. This can only occur when the financial options to do so are initially implemented in the project. In case this option is available, follow the below steps:
{{Editor steps|Open a project with financial options, such as Request Subsidy, available to the stakeholders|Select ´Financial Options´ from the available actions on the left side of the screen.|Select ´Request Subsidy´ from the action menu.|Select the stakeholder to request the subsidy from|Select the amount of subsidy to request}} [[File:FinanceRequestSubsidyPanel.jpg|200px|thumb|Selecting the amount of subsidy to request]]
===Adjusting the amount of (bank) loans===
Requesting a bank loan, and the consequently adjusting of the amount of the loan and period, takes place during a session. This can only occur when the financial options to do so were implemented in the project. In case this option is available, follow the below steps:
{{Editor steps|Open a project with financial options, such as 'Bank Loans', available to the stakeholders|Select ´Financial Options´ from the available actions on the left side of the screen.|Select 'Bank Loans' from the action menu.|Select the duration of the loan|Select the amount of the loan request}} [[File:FinanceRequestLoanPanel.jpg|200px|thumb|Selecting the amount of the loan request]]
===Adjusting the amount of a Money Transfer===
Adjusting the amount of a Money Transfer also only takes place during a session. This can only occur when the financial options to do so were implemented in the project. In case this option is available, follow the below steps:
{{Editor steps|Open a project with financial options, such as 'Money Transfer', available to the stakeholders|Select ´Financial Options´ from the available actions on the left side of the screen.|Select 'Money Transfer' from the action menu.|Select the stakeholder to transfer the money to|Select the amount of money to transfer}} [[File:FinanceTransferMoneyPanel.jpg|200px|thumb|Selecting the amount of money to transfer]]

Revision as of 09:48, 22 September 2020

Template:Learned

The Financial System in the Tygron Platform

In finance, the Financial System is the system that allows the transfer of money between savers (or investors) and borrowers.

The Financial System in the Tygron Platform handles all costs and income. It allows money transfers between the different stakeholders and the facilitator. Transfers can be executed between both playable and non-playable Stakeholders, where the facilitator can transfer money on behalf of the latter. This is useful, for example, as part of the negotiation process.

The system supports land transactions, the granting of subsidies and loans. It also takes extra costs, such as buy-out fees, into consideration when demolishing non-vacant structures. The Tygron Platform provides default values and calculations. However, by customizing these values, the system can be further tailored to a specific case by inserting financial data a user might have at his disposal.

Elements of the Financial System in the Tygron Platform

The financial system in the Tygron Platform consists of certain basic elements. These elements can be divided into two distinct groups: cost and income. The effect of these elements is depicted per stakeholder in their budget indicator. During a session, a stakeholder has to keep its budget sheet in balance and keep possible budget targets in consideration.

Adjusting the Financial System in the Tygron Platform

In order to incorporate custom financial data, default values used in the Tygron Platform can be adjusted accordingly. Most of these values can be changed in the Function Value panel, which is located under the Indicators menu in the Editor. For more information about function values - for example how to add functions or add different categories to functions - see also the main article about functions.

Editor → Current Situation (Ribbon tab) → Buildings (Ribbon bar) → Edit Function Values (Dropdown)