 About Nature of Trade Ringgit (TRM)
What is the nature of Trade Ringgit (TRM)
The Trade Ringgit (TRM) is
the accounting unit used to record the value of the transaction in asiaBarterZone.com
Network. When you sell something, you earn Trade Ringgit (TRM). Clients of
asiaBarterZone.com use the TRM
as the medium of exchange in trading with other clients. The cash equivalent of one Trade
Ringgit (TRM) is one
Malaysian Ringgit and the Trade Ringgit (TRM) equivalent of one
Malaysian Ringgit is one Trade Ringgit(TRM). See client agreement on Nature of the Trade Ringgit.
How do I earn Trade Ringgit (TRM)?
You earn Trade Ringgit by selling your products to other clients within the
asiaBarterZone.com Network.
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Can I buy without Trade Ringgit (TRM)?
No. To buy and sell through asiaBarterZone.com, you must use Trade Ringgit. (TRM)
I only deal in cash. Is asiaBarterZone.com right for my
business?
Yes. asiaBarterZone.com does not replace your existing cash business. It allows you to
attract new customers -- without discounting -- who pay you in TRM. You can use TRM for virtually anything you
need for your business.
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Will I pay higher prices using Trade Ringgit (TRM) than
with cash?
We encourage you to conduct price comparison on the asiaBarterZone.com Network. Choose a
seller that provides the greatest value for your TRM. Since Trade Ringgit (TRM) are valued at Malaysian
Ringgit, barter prices should be comparable to cash prices. Read the Inventory Policy for more details. If you feel
that a product or service is priced too high, you can negotiate with the seller or buy
from another client -- it's your choice.
What are my rights if I have Credit
Balance?
The Trade Ringgit recorded in a Trade Account of a Member that has a credit balance
represents an asset to that Member. Such a Member is entitled to buy goods or services
from another Member to a value equivalent to the credit balance.
What is my liability if I have a debit
balance?
A Member whose Trade Account has a debit balance is liable either:
- To
supply goods or services to an equivalent value to another Member or
- If
the Member has not discharged the Member’s liability by supplying goods or services
to another Member, to pay to BBN Network an amount in cash Ringgit equivalent to the
amount in Trade Ringgit of the debit balance.
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