The Trade Receivables e-Discounting System (TReDS) is a digital platform established by the Reserve Bank of India (RBI) to facilitate the financing of trade receivables of Micro, Small, and Medium Enterprises (MSMEs) from corporate buyers through multiple financiers. The system enhances liquidity for MSMEs by allowing them to access funds quickly at competitive rates.
Registered TReDS Platforms
1.RXIL Receivables Exchange of India Limited
Website:
CSL Registration No.: CO0000272
RXIL is a joint venture between Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE), offering MSMEs a secure platform to discount their invoices.
2.A.TReDS Ltd (Invoicemart)
Website:
CSL Registration No.: 1000032139
Operated by Axis Bank and mjunction Services Limited, Invoicemart connects MSMEs, large corporates, and financiers to facilitate seamless invoice discounting.
3.M1xchange
Website:
A leading digital TReDS platform offering invoice discounting solutions backed by multiple financial institutions, promoting transparency and efficient working capital management.
