Treds refers to Trade Receivable Discounting System.
RXIL is India's first Treds platform operating since January 2017.
Treds platform is run by Mynd Solutions,
a technology management firm.
In case of Treds, the minimum paid-up share capital should
be Rs 25 crore.
Which of the following has become the first Defence PSU to be activated on the Treds platform?
Recently Government of India advised all public sector banks and undertakings to get registered on Treds platforms.
Treds provides a level-playing field where all the participants
work together for facilitating, accepting, discounting, and settling invoices.
In October 2017,
the central government mandated all major PSUs to join Treds platform to facilitate payments to MSME vendors.
During October 2017,
the central government mandated all major PSUs to join Treds platform to facilitate payments to MSME vendors.
Ð During October 2017,
the central government mandated all major PSUs to join Treds platform to facilitate payments to MSME vendors.
Financiers play the crucial role of providing liquidity to MSMEs and
their commitment is crucial for the success of the Treds model.
The Reserve Bank of
India(RBI) on 24 November 2015 grantedin-principle approval to three applicants to set up and operate TradeReceivables Discounting System(Treds).
As small enterprises find it difficult to deal with payment delays, GeM is ensuring that this issue will be resolved for MSMEs,
which can now avail the Treds facility.
As small enterprises find it difficult to deal with payment delays, GeM is ensuring that
this issue will be resolved for MSMEs, which can now avail the Treds facility.
To bring more participants, especially NBFCs,
not registered as NBFCs-Factor, on the Treds platform, amendment in the Factoring Regulation Act,
2011 is necessary and steps will be taken to allow all NBFCs to directly participate on the Treds platform.
As per the November 2, 2018, notification by the MSMEs ministry, only companies registered under the Companies Act 2013 and reporting a turnover of over Rs 500 crore(and
all Central Public Sector Enterprises), can board the Treds platform.