A No-Risk Solution To Trade
Anyone can give away their stock in return for idle commitments or vague promises of receiving some value “in the future”. Ormita, instead, works with customers to return the value for their product or service within a defined time-period and as part of a buying schedule.
Ormita participants commit to either a one-off or ongoing amount of trade in return for a specific value of goods or services.
A collaborative effort
Prior to a businesses participating we undertake a thorough investigation of their existing buying habits, future expenses, charitable contributions, social and investment commitments and other business operational goals.
The business tells us their target spend in cash for these items, names of suggested suppliers and provides a commitment to supply their own goods and/or services to a specified value (at retail) in return for these needs.
This information forms the basis of a Buying Schedule which aims to represent a minimum of $2000 per month of a business buying needs from 0% to 50% cash, with the balance offset against new sales.
- Participants do not sell until they have something to buy
- Unless a one-off trade – participants commit to a regular buying cycle where they will offset a fixed amount of monthly expenses against new revenue
- Depending on their industry, sellers may receive part of any sale they make in cash (thereby covering taxes, their hard costs and our administration fees)
- There are no costs until transactions take place
