Vieneo Commodities Board
From Rise: The Vieneo Province
| Vieneo Commodities Board | |
|---|---|
| VCB | |
| Type | Exchange Authority |
| Formed | 2250 |
| Headquarters | Deois, Vieneo |
| Parent agency | United Stellar Republic |
| Website | market.risetvp.com |
Overview
The Vieneo Commodities Board (VCB) is the official exchange authority of the Vieneo Province, responsible for regulating, listing, and settling all futures and options contracts traded within the colony economy. The VCB was established in late 2250 following the reassignment of speculative exposure previously carried on the books of Veridian Bank.
Function
The VCB provides the electronic platform through which licensed brokers and registered traders can buy and sell standardized futures contracts representing the expected delivery price of major commodities, including:
- Food and agricultural exports
- Refined metals and construction materials
- Off-world fuel and energy imports
- Transport capacity and freight indices
All contracts are cash-settled in Colonial Credits (₡).
Relationship with Veridian Bank
Veridian Bank remains an **authorized clearing partner** and **custodial institution** for trader margin accounts. While the VCB carries the unrealized profit/loss exposure of open contracts, Veridian holds the corresponding collateral in trust and processes all trade settlements, withdrawals, and brokerage fees.
This structure eliminates speculative risk from the banking sector while maintaining Veridian’s revenue stream through:
- Brokerage fees – typically 0.25 % per trade side
- Settlement fees – fixed per contract closure
- Margin interest – credited on large custodial balances
Transparency and Reporting
The VCB publishes aggregate market statistics on its public dashboard at market.risetvp.com, including:
- Total open interest by commodity
- Aggregate unrealized profit/loss (P/L)
- Margin collateral held by Veridian Bank
- Settlement volume and daily price indices
Example display:
| Contract | Open Interest | Settlement Price | Unrealized P/L | Custodian |
|---|---|---|---|---|
| VIE-FEED (Food Exports) | 112 | ₡1,245 | ₡-42,120 | Veridian Bank |
| ARC-METL (Arcridge Metals) | 56 | ₡9,840 | ₡+18,330 | Veridian Bank |
| OFF-OIL (Off-World Crude) | 84 | ₡7,215 | ₡-3,211 | Veridian Bank |
| Aggregate Unrealized P/L | ₡(15,882,803) | |||
Regulation
All exchange activity is supervised under the **Colony Credit Protection Act**. Participants must maintain sufficient margin reserves with Veridian Bank to cover potential losses. The VCB retains authority to halt trading or modify collateral requirements in response to systemic volatility.
Historical Background
Before 2250, futures obligations were recorded directly on Veridian Bank’s financial statements, creating an artificial appearance of institutional debt. Following the liquidity review of that year, all open positions were transferred to the newly formed VCB, restoring Veridian’s solvency ratio and establishing a transparent separation between **banking** and **market operations**.