Invoicemart Current Affairs, GK & News
On April 17, Bank of Maharashtra (BoM) has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. TReDS is a digital platform to support Micro, Small and Medium Enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate. In addition to ..
Hindustan Aeronautics Limited becomes first Public Sector Unit (PSU) to make a transaction on “TReDS platform”
The Hindustan Aeronautics Limited (HAL) has become the first Public Sector Unit (PSU) to make a transaction on the “TReDS platform”. The transaction was financed by Bank of Baroda (BoB) and since stands settled. The TReDS platform is an online electronic institutional mechanism for facilitating the financing of trade receivables of Micro, Small and Medium ..
The Garden Reach Shipbuilders and Engineers Ltd (GRSE) has become the first defence Public Sector Units (PSU) to be activated on the TReDS (Trade Receivable Discounting System) platform. The platform enables discounting of invoices of MSME sellers against large buyers through an auction mechanism, helping prompt realisation of trade receivables at competitive market rates and ..