Barter Cheque
Barter Cheque is the payment instrument and a valuable document of Yatırım Barter which gives authenticity to bartering operations and creates recognition of the operation. Barter Cheques is used in three copies in the application process. It holds the authorization code, price of the operation, date of the operation, title of the selling member vendor and the signature and stamp of the buying member.
The buyer and seller agrees to conclude the transactions and the seller requests an authorization code by calling Yatırım Barter. The approval is given after evaluation of the necessary checks and credit risk. The selling member sends the authorization code, as provided by Yatırım Barter, and demands the cheque to be made. After Barter cheques are issued; they are transmitted to buyers, sellers and Yatırım Barter. This operation is in responsibility of the seller thanks to the system used. After the copies of the Barter cheques reach Yatırım Barter Center, the transaction becomes decisive and final and the transaction is closed with the closing of the account.
After the actual results of this process barter account of the selling member is given the title of creditor, and the barter account of the buying member is given the title of debtor.
