Examples of Barter Trades

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Examples of barter trades

Examples of barter trades

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  • 1. Examples of Recent Trades
  • 2.
    • Some Examples of Recent Cross-Border Trades
    • Dec 2010 – Jan 2011
    www.ormita.com.au
    • Kairali Resorts ( www.kairli.com ) Took: $43,198 USD of advertising Repays in: Hotel rooms, entertainment Hidden Benefits: Rooms sold to new customers only who may come back and buy with cash.
    • Hertz Rentals ( www.hertz.com ) Took: $274,150 USD of advertising Repays in: End-of-life ex-rental cars Hidden Benefits: Rental cards disposed of without warehousing, auction and other costs and at a higher margin than with outright cash sale.
    • Nokia Electronics ( www.nokia.com ) Took: $89,715 USD of printing and packaging Repays in: Incorrectly packaged models / overstock models Hidden Benefits: Models sold outside of their market only; thereby creating a new market for them who may buy with cash.
  • 3.
    • Some Examples of Recent Cross-Border Trades (cont…)
    • Dec 2010 – Jan 2011
    www.ormita.com.au
    • 4. BlueScope Steel ( www.bluescopesteel.com.au ) Took: $25,000 AUD of hotel vouchers Repays in: Surplus steel items Hidden Benefit: Surplus only allowed to be sold to non-BlueScope customers, thereby taking customers away from their competitors.
    • Galena Cellars Winery ( www.gelenacellars.com ) Took: $35,000 USD of expo space Repays in: Wine Hidden Benefit: Sold offshore to new markets only which had never experienced Galena Wines and for higher than local market value.
    • M.A.C. Cosmetics ( www.maccosmetics.com ) Took: €68,175 of advertising Repays in: Remnants / end-of-stock-lots of product Hidden Benefit: Sold offshore to new markets only and for full retail value.
  • 4.
    • Some Little-Known Statistics
    www.ormita.com.au
    • Approximately 70% of all Fortune 500 companies engage in barter [1] .
    • Eight out of ten corporations engage in barter [2] .
    • Approximately 65% of all New York Stock Exchange-listed companies engage in barter trade [3] .
    • The SWISS Wir alone does 2.5 billion Swiss Francs (over $2 billion US dollars) and boasts 80,000 members nationally [4] .
    • The WIR also enjoys a membership base of nearly 20% of all Swiss businesses in a country of only 7 million people [5] .
    • At its peak in 2001-2002, an estimated 6 to 10 million Argentines participated in the Red Global de Trueque barter system, including doctors, manufacturers, and even railways, turning over approximately 6 billion US dollars per annum in transactions and accounted for approximately 15% of Argentina’s mean personal income [6] .
    • Approximately 400,000 businesses engage in formalised barter in the United States [7] .
    • In North America 80,000 small businesses used barter for the first time in 2007 and over 800,000 American companies bartered at least once. [8]
    • Barter accounted for 31% of export operations from the Ukraine in last year with highly liquid goods accounting for between 60 and 70% of all goods exported by barter [9] .
    • Companies that actively barter can do as much as 5-10% of their business annually through trades. [10]
    • [1] Schmidgall, R.S., Damitio, J.W. (1999)., Bartering activities of the Fortune 500 and hospitality lodging firms., Michigan State University, International Journal of Hospitality Management
    • [2] American Association of Advertising Agencies. (2003).
    • [3] (2004)., Annual Report, National Association of Trade Exchanges
    • [4] Lietaer, B & Belgin, S. (2004)., Of Human Wealth: Beyond Greed & Scarcity. Galley Edition.
    • [5] Valentini, E. (2003)., Switzerland’s WIR System and Barter Worldwide, International Trade Currency System
    • [6] Stodder, J. (2007).,Residual Barter Networks and Macro-Economic Stability. Rensselaer Polytechnic Institute at Hartford, Hartford CT.
    • [7] (2004)., Fact Sheet, International Reciprocal Trade Association.
    • [8] Frisk, S., (2007). The American Economics Association
    • [9] Kuchma, L., (1998). Press Release. Embassy of the Ukraine to the United States of America. (14 Oct).
    • [10] Schact, J. (2004)., "The Business of Bartering", Illinois Meetings & Events (Fall Edition).
  • 5. Some of Our Customers
  • 6. www.ormita.com.au Some Customers You May Recognise
  • 7. www.ormita.com.au Some Customers You May Recognise
  • 8. www.ormita.com.au Some of our Larger Radio Brands
  • 9. www.ormita.com.au Some of our Larger TV Brands
  • 10.
    • Some of Our Larger Publications
    www.ormita.com.au
  • 11. Examples of Ormita Assistance to Governments
  • 12. www.ormita.com.au Bosnia-Herzegovina Barter Debt Settlement Program (Together with the Bosnia-Herzegovina National Credit Bureau) $1,715,856,000 USD
  • 13. www.ormita.com.au Cape Verde Community Currency Micro-Lending Programme $17,856,000 USD
  • 14. www.ormita.com.au Maldives & Seychelles 2004 Boxing Day Tsunami Restoration $250,000 NZD Once-Off
  • 15. www.ormita.com.au South Africa SANE Network – Joseph Edozien
  • 16. www.ormita.com.au Turkey Corporate Counter-Trades Ongoing
  • 17. www.ormita.com.au European Union Letter from the European Union Commission regarding the freedom to “ clear goods and services” providing the recognition that barter credits are not a security.