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The American Trade System’s Purpose
The purpose of the American Trade System
(ATS) is to provide similar services to
those provided to Swiss businesses by the
WIR Bank trade system. The unique feature of
the system is that it uses a Trade Credit,
in combination with cash, to conclude buying
and selling transactions.
Example:
A construction company accepts 70% in cash
and 30% in trade credits to complete a job.
Then, it uses the trade credits, together
with cash, to acquire goods and services it
needs in its operation.
ATS provides services to the
private
sector in these industries:
1. Construction 2.
Manufacturing 3.
Hospitality 4.
Professional Services 5.
Retail Commerce (B2B)
To justify participation a company must use
enough product or services provided by
companies in the above industries to spend
the trade credits acquired.
The system results in additional sales,
increased cash flow and profits for a
company. The two departments affected by
the System are: 1.
Sales/Marketing and 2.
Procurement/Purchasing
Details of the operation:
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