M1 - Online Exchange for Trade Receivables
www.m1xchange.com
M1xchange M1’s Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices and Bills of exchange on a PAN India basis. Key participants in TReDS are Micro, Small & Medium Enterprises “MSME” (“the Suppliers ”), large Corporates including PSUs and Govt. Departments (“the Buyers”) and Banks/NBFCs (“the Financiers”). M1 aims to provide MSMEs Supply chain related cash flow finance at competitive rates through an open bid process via multiple financiers. Financing on M1 is “Without Recourse” to MSME supplier as per RBI guidelines. M1 employs the latest technologies to ensure the authenticity of the underlying transactions.
www.m1xchange.com
VISION To channelize MYND’s leading practices to offer best-in-class Trade receivables exchange for MSMEs, Corporates & Financiers; ensuring seamless liquidity flow between all stakeholders, contributing to the country’s growth.
MISSION To provide solutionbased approach adept with innovation & flexibility towards financing solutions for stakeholders.
www.m1xchange.com
Understanding TReDs Trade Receivables Discounting System is a welcoming step by the RBI to regulate the trade receivables between MSMEs, large corporations and financiers. This is beneficial not just for these individual players, but for the entire economy of the nation. TReDS is an institutional mechanism set up in order to facilitate the financing of trade receivables of MSMEs from corporate buyers through invoice financing by multiple financiers. This step is deemed to augment the trade account receivable management of the micro small & medium enterprises.
www.m1xchange.com
www.m1xchange.com
Why TReDs ?
Trade Receivables Discounting System is a welcoming step by the RBI to regulate the trade receivables between MSMEs, large corporations and financiers. This is beneficial not just for these individual players, but for the entire economy of the nation. To decrease the financing concerns faced by MSMEs in India, RBI introduced the concept of TReDS in 2014, an institutional mechanism for financing trade receivables on a secure digital platform. Trade Receivable Exchanges such as M1xchange, standardizes the process of funding MSMEs via Invoice Discounting. www.m1xchange.com
M1 for Suppliers MSME suppliers who supply goods and services to buyers have always been at the receiving end of the inconvenient trade practices by large corporate houses and find it very hard to convert their trade receivables into liquid funds. The Suppliers enjoy easy and quick discounting of invoices/bills at competitive rates. The financing is 'without recourse' to the MSME suppliers. www.m1xchange.com
M1 for Financiers Financiers - Banks and NBFCs are the third pillar of the Trade Receivables Discounting System. The financiers have the task of bidding on invoices which have been uploaded by the seller and approved by the buyer. Financiers get the opportunity to get quality assets in the MSME Space across a wide geography in minimal time, cost and effort. www.m1xchange.com
M1 for Corporates Corporates, Government Departments, PSU are the other key constituents of Mynd's TReDS platform. The corporates are the buyers who procure goods or services from MSME suppliers. When a corporate buyer deals in any trade with a seller, the suppliers raises an invoice with respect to the goods or services delivered.
www.m1xchange.com
Address : 296, Udyog Vihar, Phase-IV, Gurgaon - 122001 Haryana, India Phone : 1800-103-7261 Email : sales@m1xchange.com Website : www.m1xchange.com