Question: What is the difference between barter and exchange?
Answer: Exchange is an old form of commerce that began at 6.000 BC. This method requires one-to-one dealings. However, this is not a requisite in Barter. Again in Barter system a company organizing the transactions and barter account are essential. In Exchange, commercial dealing is completed in one time.
Question: Is Barter possible without working with a Barter Company?
Answer: If a group of companies decide to make exchange in-between and come together for this purpose, they need to keep a record of these dealings. Since every company will keep its own record of accounts, it will not be aware of another company’s status as a debtor or a creditor. Having a problem, they need to primarily select an arbiter, an accountant or an organizer who keeps accounts. Barter not only gathers companies and works towards concluding dealings. They also provide consulting services about Barter System. From this perspective, for a sound application of the system, there should be an organizer. As in the case of banks. The problems faced when a bank is excluded in commercial transactions also appear when a Barter Company is excluded from the barter system. As can be seen, Barter Company operates a financial model. It not only organizes dealings but also opens credits to the companies in need. This is the most important point of the business.
Question: Why should I work with Barter System?
Answer: Barter system is an alternative commercial system. While selling your goods and services and buy those you are in need of, you also benefit from doing these through Barter methods. The most important advantage of this model is to save cash. Consequently, while Barter system is used as an alternative to money, it provides great support to the company, for cash can be saved for areas it should be used. Especially while companies employ Barter while selling and meanwhile put an idle product into use and buy a product for which they normally pay cash, they benefit in the maximum sense.
Question: How can we be a part of a Barter System?
Answer: A company willing to work with Barter System can get into contact with Türk Barter. It makes its preliminary application through the Web site. Our brokers make appointments and confer with senior authorities of the company. They introduce the barter system and the activities of Türk Barter. If the company decides to participate in the system, it makes its application and pays its membership fee. Since membership fee can change, they lose their actuality if they are stated in the response. The applications received are considered by Türk Barter Board of Directors. Those canditates who are accepted are granted a status of Membership and an account is opened for them.
Question: How do the dealing organized once having access to Barter System?
Answer: For each member in the Barter System Türk Barter appoints a broker. A broker provides services for the members’ selling and buying dealings. He primarily analyses information regarding demands and supplies and makes comparisons. When supplies and demands overlap, possible transaction sessions are recorded. Possible transactions sessions is an activity every each broker follow and gather members together to help them carry out their transactions. When buyer and seller member decide to make the dealing, the transaction is concluded.
Question: How does a Barter transaction officially performed?
Answer: Buyer and seller member reaches a mutual agreement on all conditions (price, quality, delivery specifications etc.) and puts them on a protocol. At this stage, with the directives of the broker, an approval is received for transaction from Türk Barter. Türk Barter examines the two parties involved in the transaction. Especially if the buyer member has adequate credit for the transaction, approval is granted. The buyer firm receiving the approval arranges a Barter Check and submits it to the Seller. The seller, in return, delivers the good or service to the buyer. As a conclusion, the Seller issues an invoice to the buyer. The invoice is closed by the seller with Barter check via accounts with 120. Each member should have accounts in which it follows its Barter transactions.
Question: What is a Barter Cheque?
Answer: A barter cheque is an official document on which transaction cost (in TL), date, approval code, seller name, signature and seal of the buyer company’s authority exist. Barter Check have three copies, bound together. It is issued by the buyer; the seller keeps a copy, the buyer keeps a copy and the buyer keeps another copy to be sent to Türk Barter. The buyer delivers the first two copies to the seller. The seller is obliged to convey the original copy to Türk Barter within seven days. At this stage the transaction remains with the approval, in the Barter account of the member. When the original copy of the Barter Check is delivered to Türk Barter by the seller, the transaction is closed. A debt does not appear in every transaction waiting in the approval. For it to appear, the check copy should be absolutely delivered to Türk Barter.
Question: Does Türk Barter demand a price when it makes such a transaction?
Answer: Türk Barter receives commission from buyer and seller for each transaction. The commission rate changes between 5 percent to 4 percent. The member marks this rate on the Member Information Form. The members choosing the 4 percent pay the commission in cash. The members choosing 5 percent pays in Barter in its sales, but pays in cash for the commission.
Question: What do you do when Buyer member has no adequate residual in approval requests?
Answer: In case buyer has not adequate residual for transaction, a guarantee is received. Thus, Buyer Member requests credit from Türk Barter. As a preliminary application, he fills in Credit Request in the web site and sends it. Credit requests preliminary applications are examined by Credit Risk Commission. If approval is granted, the broker makes Credit Request Contract be prepared so that the buyer member can make his official application. As a guarantee document Türk Barter accepts especially Real estate security, Bank Guarantee Letter, government bond, treasury bill. When crediting transactions are completed the credit amount of the buyer company is determined by Türk Barter. After this phase, the buyer renews its credit request.
Question: How do the taxes and duties necessary for guarantees paid?
Answer: This responsibility lies with the member who requests credit. Türk Barter does not make a payment in this regard.
Question: A buyer buying through guarantee becomes indebted. How much time do you grant for this?
Answer: Türk Barter grants a period of 12 months to a member who takes credit to buy a good or service. A member who does not make payment within 12 months is obliged to pay its debt in cash. Yet at this phase Türk Barter may propose payment plans that will ease the member’s task. Especially for these members, Barter Leasing offers a good back-payment plan.