This is the authority given to the member by Turk Barter to purchase goods and
services above the purchase limit defined in the barter system by getting into
The member’s ability to purchase goods or services with the Barter System is
bound to its creating purchase limit in the system. The receivable balance of
the member, after the deduction of the commission which will be accrued from the
bartered receivables resulting from the sales of the member to the Barter Common
Market and of other debts, constitutes the purchase limit and the Member can
only purchase goods and services from the Barter Common Market within this
purchase limit amount. The member, to make purchases with the amounts above the
receivable balance, will have to give securities with the amount and nature that
Turk Barter will accept and take Barter Credit.
Security is a legal instrument such as Letter of Guarantee taken from the Banks,
Government Bond, Treasury Bill and Real Estate Mortgage, which are given to Turk
Barter by the member that wants to use credit in order to cover its debts.
The member has to pay back the debt which is formed by its purchases from the
Barter Common Market over the purchase limit, within the 12 (twelve) months
after the date of the purchase by selling goods or services within the Barter
System. If the member cannot pay back the amount of the goods and services it
purchased within 12(twelve) months period through selling its goods and services
in the barter system or cannot pay the amount in full, the member is accepted to
fall in default at the end of the 12.month after the realization of the
purchase. As of the date of default, all current barter debts would gain
maturity to be paid in cash.
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