Receivables Exchange of India Ltd (RXIL) was set up on February 25, 2016 as a joint venture of Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE), with an objective to operate India’s First Trade Receivables Discounting System (TReDS) - an online platform for financing of receivables of Micro, Small & Medium Enterprises. RXIL commenced operations on January 09, 2017.

Impact of RXIL:

TReDS is an online digital platform primarily meant for MSMEs to auction their trade receivables against large Corporates including Govt. Departments and PSUs at competitive rates through online bidding by multiple Financiers (Banks and Factoring Companies). The main objective is to address the critical needs of MSMEs i.e. promptly finance trade receivables and financing their trade receivables based on Buyers credit rating. Also, it is without recourse to MSME Vendor. The TReDS Platform of RXIL is expected to be a catalyst in the growth of MSMEs by bringing in transparency in the business eco-system and addressing the issue of delayed payments for MSMEs.

For more details visit http://www.rxil.in