RXIL TReDS

Receivables Exchange of India Limited (RXIL), established as a joint venture of SIDBI, NSE along with State Bank of India, ICICI Bank, and Yes Bank, embarked on its journey as India's inaugural Trade Receivables Discounting System (TReDS) platform, in accordance with Reserve Bank of India’s (RBI) approval granted on December 1, 2016. RXIL facilitates financial growth in the country by providing Micro, Small, and Medium Enterprises (MSMEs) access to credit and improving their cash flow by streamlining payment cycles with minimal delays.
RXIL Trade Receivables Discounting System (TReDS) stands as an integrated financing platform and a digital marketplace meticulously crafted to empower MSMEs in realizing their trade receivables due from various buyers, through the financiers. This unique platform offers a transparent, single-window financing solution for trade receivables from multiple buyers. RXIL incorporates a competitive price discovery mechanism through auctions involving multiple financiers, resulting in increased liquidity at a cheaper cost, providing substantial benefits to MSMEs.