Knowledgebase
vBarter - Credit Lines
Posted by on March 27 2013 06:16 PM
Q: Is there a provision for an exchange owner to issue trade credit loan or credit lines to members within the system? And is there a feature for a clearinghouse admin to restrict the amount of a credit line sub exchanges can issue to their members?
 
A: An exchange owner can establish a default credit line to be issued to each new member when the account is created, and the amount of the credit line can be changed on a member by member basis anytime.
There isn't a way to restrict the amount of the credit lines issued to individual members by an exchange admin, but you can set and manage the aggregate total credit line of each exchange in your exchange network.
In this way for example, if you give an exchange a $25,000 credit line, then the total purchases of all of the members in the exchange from sellers outside of the exchange (in a different one of your exchanges) could not exceed the $25,000 credit line. Therefore the members would have to also make sales outside of the exchange.
(0 vote(s))
Helpful
Not helpful

Comments (0)
Post a new comment
 
 
Full Name:
Email:
Comments:
CAPTCHA Verification 
 
Please enter the text you see in the image into the textbox below (we use this to prevent automated submissions).