Ormita is the world's largest multilateral reciprocal trading system, with subsidiaries that conduct business worldwide.The company provides an efficient platform to mitigate
contractual hazards which arise in imperfect capital markets and provides import and export procurement financing and low cost collateralisation for creditors.
As part of its institutional financing arrangements Ormita provides efficient and low cost exchange mechanisms and solves incentives problems
which would otherwise prevent trade from taking place at all, particularly in cases where paying with goods rather than money can help to overcome creditworthiness risks.
Market activites include:Barter,Barter Exchange,Tolling,Countertrade,Counter-purchase,Offset,Switch trading,Compensation/Buyback and other forms of reciprocal trade exchange through its barter exchange network
of offices across the world.
Ormita is essentially a secondary market that allows people to buy essential goods and services using future income instead of existing cash.Regardless of the amount of money in the economy
a business owner can still make acquisitions, create more brand awareness,fund marketing campaigns,reward customers,improve staff moral and enhance their lifestyle by trading what they have for what they need.
In multilateral barter, exchanges do not need to be direct. Instead three, four, five and six-way transactions are possible.Transactions can also tale place at different times so no single supplier needs to "swap" their
product or service immediately but can do so over a period of time.In these instances the value of the deal is recorded centrally and the process managed by a commerce network or barter exchange organisation.
Like the Swiss WIR (the oldest multilateral reciprocal trade network in the world) and other larger barter organisations. Ormita is not a member of the international Reciprocal Trade Association (IRTA). Like most people in the
industry. Ormita believes the International Reciprocal Trade Association to be a club as it undertakes no industry research, collects no industry statistics, publishes no papers,holds no public information sessions,does not publically publish its annual
accounts, does not run criminal checks on its directors or members, has no publically accessible library of resources and does not hold licensors to account for licensee failures in various countries which have left members
out of pocket for hundreds of millions of dolars.Out of more than 5000 reciprocol trade networks in existence today. IRTAs membership, includes less than 2% of all such networks in operation and, particularly, exclude
countertrade organisations,community currencies, time banks, lets exchanges,offset trade networks and many other forms of reciprocal trade exchanges. Ormita believes that the International Reciprocal Trade
Exchange could do much more for the non-cash trade industry but instead it chooses to operate more along the lines of a club as we believe that no "true" non-profit association would allow any of the above-named
activities to occur.
Ormita, together with other barter exchange networks, supports the free, non-biased, mutual credit and reciprocal trade exchange library which is offered at no charge to members of the public. You may access this
library at www.mutualcreditlibrary.com.