YOUR QUESTIONS
 

Question: What is the difference between Barter and swap?
Answer: Swap is the oldest method of trade starting in the 600’s B.C. In this method, the deal has to be made on a one-to-one basis. Whereas, in the Barter System, the deal does not have to be on a one-to-one basis. Again, in the Barter System, Barter can be carried out by operating a Barter account definitely within the organization of an organizing company. In the swap method, the commercial transaction is completed in one dealing.
 
Question: Cannot Barter be made without working with a Barter Company?
Answer: Even if a group of companies decide to use the swap method among themselves and unite for this purpose, accounts have to be kept on their deals. Since each company will keep its own accounts, it will not be involved in the creditor or debtor status of another company. When they encounter such a problem, the first thing they will have to do would be to choose someone among them as an arbiter, accountant or an organizer to keep the accounts. The Barter Companies do not solely work to bring the parties together and conclude the deal. At the same time, they provide Barter System consultancy. Looking from this viewpoint, an organizing party is required for the healthy operation of the system. Just as the case with banks. Similar to the problems that the companies would experience, if you would remove the role undertaken by a bank in carrying out the current banking activities among themselves, problems are also experienced in the Barter System. This shows that the Barter Company applies a financial model. It not only organizes the transaction between them, but also extends credit to the needing companies. This is the most significant point in the business.
 
Question: Why should I work with the Barter System?
Answer: The Barter System is an alternative trade system. In selling your goods and services and purchasing the goods and services you need, at the same time you also get the chance to make sales and purchases with the Barter method. The most important advantage of this method is cash savings. Therefore, using the Barter system as an alternative for money provides significant support to business in areas where cash needs to be used as a power. Especially when companies are able to utilize an idle product in applying the sales by Barter method and in return purchase a product by Barter that they normally would have had to spend cash on, they will be able to benefit at the maximum level.
 
Question: How can we be included in the Barter System?
Answer: A company interested in working with the Barter System may contact Turk Barter. It files in its preliminary application from the website. Our authorized broker colleagues set up an appointment and meet with the top officials of the company. They present the Barter System and explain the activities of Turk Barter. When the company decides to be included in the system, it applies by paying the Membership fee. Since the membership fee is variable, mentioning the amount in this answer may be misleading. The received applications are reviewed by the Turk Barter Board of Directors. For accepted candidates, a Member status is awarded and a Barter account is opened.
 
Question: How are deals organized after entering the Barter System?
Answer: For each member included in the Barter System, Turk Barter assigns a broker. The Broker provides consultancy to the members in both the purchases and sales aspects of the Barter system. He primarily analyzes the supply and demand data of new members and makes matches. When supply and demand comparisons are matched, potential transaction sessions are recorded. The potential transactions session is an activity which is specially monitored by each broker, bringing the members together and assisting them in a transaction. When the buyer and seller members agree on a deal with Barter, the process is completed.
 
Question: How is a Barter transaction officially implemented?
Answer: The buyer and seller member mutually agree on all conditions related to the involved goods and services (price, quality, delivery conditions, etc.) and put these into a protocol. At this point, approval is obtained for the transaction from Turk Barter under the direction of the Brokers. Turk Barter investigates the parties in the related transaction. Especially when the buyer member has an adequate balance for the transaction, an authority code (approval) is provided for the transaction. The buyer company, receiving the approval, issues a Barter Check and hands it over to the Seller. The Seller delivers the goods or services to the buyer. At the end of these activities, the Seller issues an invoice to the Buyer. The invoice is settled by the seller with the Barter check using the 120 accounts. Each member must definitely have accounts where they keep track of the Barter transactions in their accounting.
 
Question: What is a Barter Check?
Answer: A Barter Check is an official document of Turk Barter on which the transaction amount, date, authority code, seller’s title, authorized signature and seal of the buyer and the transaction amount is defined in TL. The Barter Check is in three-copies, as auto-copy. It is issued by the buyer in such a way that one copy remains with the buyer and one copy is conveyed to the seller and one copy to Turk Barter. The buyer hands over these two copies to the seller. And the seller is obliged to submit the original copy to Turk Barter within seven days. At this stage, the transaction is kept waiting under authority in the member Barter accounts that Turk Barter is obliged to maintain. When the original copy of the Barter Check is submitted to Turk Barter the transaction is closed. For each transaction kept waiting under authority, a credit is not established to the seller’s account. For the establishment of the credit, the check copy definitely has to be submitted to Turk Barter.
 
Question: How are taxes and feed required in providing assurances paid?
Answer: This liability belongs to the member requesting credit. Turk Barter does not make any payments related to this.
 
Question: A member purchasing by assurance is at the end indebted. For how long do you allow this conditions?
Answer: Turk Barter allows 12 months for the back payment by the member who has been credited by assurances provided. A member who is unable to pay back within twelve months is obliged to settle its debt in cash. However, under such circumstances, Turk Barter may propose facilitative payment plans to the member. This especially provides a good back payment plan by the Barter Leasing method to a member who has fallen into such a phase.
 
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Questions

YOUR QUESTIONS
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.