Barter Factoring

• What Is Barter Factoring

Barter Factoring

The Barter System is a market created by companies gathered together. The Barter System works with the supplies and demands of the companies constituting the Barter Market. A company that works within the Barter system, pays the costs of the goods and/or services that are purchased from the Barter Market by selling the goods it produces or trades into the Barter Market. By the same token the company which sells products to the Barter Market, will collect the payment by purchasing from the goods and services that are put to sales in the Barter Market. The purchase and sales transactions from the Barter Market, realized by the member companies working with Barter System, will be registered to the Current Accounts of these companies by the Barter Company, TURK BARTER . The Barter System works on the principle of the sales of the supplies of the member companies and the supply of their demands and it gets bigger by inviting the related companies to work together in the Barter Market for the demands that cannot be met within the system.
In short, Factoring is being an agent for the collection of the receivables. In this respect the Barter System itself is based on the principles of the factoring transactions with a different point of view. According to this; the payment guarantee can be supplied within the Barter System and the Barter Factoring transactions can be done when the debtor company or the companies are in payment squeeze, thus the creditor company can collect the payments.