TReDS

TReDS is an electronic platform for online discounting of bills of MSMEs for supplies to large Corporates. It addresses the issue of delayed payments to MSMEs. Three TReDS platforms are presently operational in India. Receivables Exchange of India Ltd (RXIL) , a joint venture of SIDBI and NSE operates one of the TReDS platform. The other two Platforms are M1xchange and Invoicemart. TReDS enables the MSMEs in securing financial assistance digitally at competitive terms and without any collateral security, based on the invoices / bills for supplies to large corporates. This also improves the liquidity for MSMEs resulting in better cashflow management.