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OMEXThe Ontario Municipal Insurance Exchange (OMEX) is a not-for-profit reciprocal insurance exchange owned and governed by Ontario municipalities. Reciprocal Insurance Exchanges are contractually-based risk sharing arrangements. Reciprocals are not corporations, partnerships, or proprietorships, however, they are licenced insurance companies governed by the Insurance Act.When joining a reciprocal, the new subscriber must sign a Reciprocal Agreement which outlines the obligations assumed by all parties and the legal basis upon which the reciprocal operates. This is the governing document of the risk sharing arrangement.OMEX is devoted exclusively to providing Ontario municipalities with a complete insurance program at costs that reflect the cost of claims. Since OMEX specializes solely in municipal risks, major claims and disasters in other industries do not adversely affect the premiums of its members.OMEX was created in 1986 by a group of Toronto-area municipalities in an attempt to collectively take control of their insurance requirements and escalating insurance costs.
Peterborough LETS Exchange Community Association of Peterborough, ONPeterborough Local Economic System (LETS): local non-profit barter systemBecome a Peterborough Local Economic System (LETS) memberThe Peterborough Local Economic System (LETS) is a local barter system where goods and services are traded for green dollars. Green dollars are then used to buy goods or services. The Green Dollar is the official currency of the LETS Exchange. A Green Dollar is equal in value to a Canadian dollar, but it only works within the system. You earn Green Dollars by providing goods or services to another LETS member. You can then use them as a credit that is accepted by all members of the system. There are no printed Green Dollars. Accounts are kept using a computerized accounting program. Members advertise the skills, services and goods they are offering to trade in the LETS directory and newsletters. When you make the purchase, you phone the transaction in to the 24-hour LETS Hotline, and staff do the bookkeeping.
Niagara's newest home for fantastic exchange rates that beat the bank, paired with top notch customer service. You can send money from Western Union here, too!