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Membership offers access to an automated global system of countertrade - an immense benefit in the current period of acute money shortages. ASCC enables its clients to use cash more sparingly and efficiently than when using omnipresent credit-backed trade mechanisms.
Members specify the goods or services they want to trade and what they would like to receive in return, and ASCC's software then presents their trading options. The system also works with liabilities backed by the value of unsold inventories. Lenders are then able to receive payments in cash instead of claiming recovery against debtor's property.
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For a company on the verge of bankruptcy, perhaps because of a drop in sales and diminishing operating cash-flow, it is crucial to remain a "going concern" with a secure supply of raw materials and the means to service debt and pay salaries. By using ASCC such a company can exchange excess inventories of its finished products (at a price below a notional market value but above an estimated liquidation price) for raw materials and the minimum amount of cash needed to pay interest expenses, make due principal repayments and cover labour costs. They can also use ASCC to offset operational liabilities and settle interest-bearing debt by a discounted value of excess inventories.
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ANTICRISIS SETTLEMENT & COMMODITY CENTRE © 2009
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