Automotive Exports December 2021

Financial support from
Türk Barter to companies
In these days where the enterprises are having difficulty in
overcoming the financial burden Türk Barter offers alternative
payment tools to the companies with Barter system, which is
Alternative Trade and Financing model
Companies suffering from financial
difficulties are in a hurry to protect their
assets and capital in this period. Türk Barter
rescues the enterprises with Barter System,
Alternative trade and financing model.
Türk Barter provides alternative payment
opportunities by offering Barter loans to
enterprises that cannot make equity by
producing and selling due to the stagnation
in the market and the decline in demand.
M. Sırrı Şimşek, Chairman of the Board of
Directors of Türk Barter, stated that the
conditions in which Turkey lived differed
from previous periods, answered our
questions about the barter system and the
services they provided.
Could you give some information
about Türk Barter?
“Barter System, which is an alternative
trade and financial model, is an important
sector brought to the Turkish business
world by Türk Barter. Türk Barter has
showed serious changes and always
rising graphics since its establishment.
It took and fulfilled very important tasks
in bringing the Barter System to the
country’s economy and perceiving it as a
commercial model. Türk Barter, as the first
Barter Company in Turkey, transferred its
experiences to the government’s efforts
in Barter modeling. Barter is the name of
the system that allows a company to pay
the price of the goods or services it buys
with the goods or services it produces. It
is a trade, financing and payment system
that can partially replace money, is not
affected by speculation, and derives its
real value from production and service.
Companies established with limited capital
in Turkey face difficulties in carrying out
their activities in any negative economic
fluctuation. Bank loans, which are the
classical financing methods, do not provide
much benefit to companies due to high
collateral and interest and do not meet
their needs. The Barter System, which we
call the alternative finance that Türk Barter
has brought to the economy for 27 years,
provides great support to companies with
a system that is both interest-free, flexible
and allows companies to pay their debts
with the goods and services they produce.
We believe that a strong Turkey means
economically independent Turkey. The
BarterBank application, which is operated
with the logic of the internet branch of
banking, is also carried out by Türk Barter.”
What is barter? How does the system work?
“The purchase of the needed goods or
services in exchange for the goods or
services sold is called Barter. Barter is not
a one-to-one exchange of goods, but a
barter operation with several stations.
When a company decides to work with the
Barter System, a project to work with the
company’s barter system is first prepared
by the brokers. The company’s supplies
and prices should be real and as a result of
the examination, the company should be a
company that can work in the barter sector.
When his membership is found suitable,
it can join our member companies by
completing the required documents. The
most important tools of the Barter System
are supply and demand information. The
member is obliged to record or notify
the supply information, which is the
only indicator of its ability to work in the
Barter System. Each member has a supply
and demand form. The offered goods or
services are announced to other members
by means of publications such as a website,
e-mail, call center and magazine.
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