Trade Receivables Electronic Discounting System (TReDS)
- Recently, according to the Reserve Bank of India (RBI), Trade Receivables Electronic Discounting System (TReDS) has seen significant growth in 2024, with the bills financed crossing Rs. 2 lakh crore at the end of October, 2024.
- TReDs is an electronic platform for facilitating the financing/discounting of trade receivables of Micro, Small, and Medium Enterprises (MSMEs) through multiple financiers.
- These receivables can be due from corporates and other buyers, including Government Departments and Public Sector Undertakings (PSUs).
- Its purpose is to allow MSME sellers to discount invoices raised against major corporations, which helps them manage their working capital demands. The platform enables MSMEs ....
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