Upon acceptance as a member of Cashless Trading (CT):

1.             The applicant agrees to pay an initial membership fee in cash and a 5% cash transaction fee billed monthly or quarterly on each transaction and an annual renewal fee in cash.

2.            The applicant agrees to abide by the Trading Rules, as may be amended from time to time.

3.            The applicant agrees that any usage of an assigned overdraft constitutes a debt to CT and may be payable in cash if acceptable trade options no longer exist.

5.           Any purchase shall be approved by CT prior to purchase and have an authorisation number.  Otherwise, failure to obtain a pre-approval may result in the sale not being approved by CT and is at the seller’s risk.

6.            CT may refuse to issue an authorisation number for any of the following reasons:

a.             If a buyer has outstanding cash transactions charges over 30 days due.

b.             If the transaction is disputed by either party and written notice has been received by CT.

c.            If either party fails to conform to these rules.  Members attempting to circumvent these rules while trading may have their memberships terminated.

7.            All invoices must be signed by the buyer and retained by the seller.  Failure to retain the invoice places responsibility for the bill on the seller and not on CT.

8.            Seller shall furnish goods and services at regular prevailing prices, including IVA if applicable.

9.            Purchases are limited to member accrued barter euros including overdraft.

10.       Members may request their account to be placed in “standby” status, EXCEPT when account is in a deficit position.

11.        Barter euros shall not be considered legal tender, securities or commodities.

12.         Members should consult their own tax advisors for appropriate tax advice.

13.         CT is a third party record keeper acting as a clearinghouse which debits and credits barter euros generated between members.  It is not an issuer of credit except as specified in these rules.  CT is not responsible for the quality, timely delivery, guarantees or any other problems which may arise with respect to goods and services traded by members.  Members should exercise the same diligence in entering into a barter trade transaction as an ordinary business transaction for cash.  Should CT receive complaints regarding unacceptable services or goods provided by a member, CT will investigate the allegations and may terminate the membership with loss of any credits due to the terminated member.

14.      Declaration and reporting of all applicable taxes resulting from trade transactions rest solely with the member.

15.        Members must report to CT any discrepancies in monthly statements within 10 days of date of issue; otherwise the statement will be deemed correct.

16.         If a member fails to pay the service fees or any charges to CT by the due date, CT may charge the member interest at 1.5% per month on the outstanding balance and suspend trading privileges until the charges are paid.  Should the charges remain outstanding beyond 60 days of due date, CT may terminate the members account.

17.        CT may terminate a member’s account for any violation of the CT rules, as amended, by written notice to the member. In the event of termination CT may, in addition to such other rights as it may have, do any or all of the following:

a.           Suspend trading privileges if there is a positive trade balance in member’s account until such time as any transaction charges are paid in full.

b.          Suspend trading privileges if there is a deficit balance and demand member pay the balance in full within 30 days, either in goods or services acceptable to CT or cash.

c.             Notify other members of termination of member’s account.

d.           Members contact details will be solely used for contacting within the membership.  Anyone found using or attempting to use the membership for advertising or similar purposes will have their membership immediately terminated.

18.         CT members may cancel this agreement at any time after 10 days written notice.  Upon cancellation, all barter euros due to the member must be spent in goods and services available through CT within 30 days.  Outstanding fees due to CT shall be paid within 30 days either in goods or services acceptable to CT or cash.

19.        Should a member fail to honour and accept purchases from another member, the member shall be in breach of these rules.  In such an event, CT may terminate such membership.

20.         Accounts shall not be transferred or sold without CT’s written permission.

21.         CT may amend these rules or change charges, should the amendment be for the benefit of the exchange, CT shall give 10 days prior notice of a substantive amendment.  A member shall have the right to resign its membership if it objects to the amendment adopted by CT.  Non cancellation shall be deemed acceptance of the change.