Receivables Exchange of India Ltd (RXIL) has launched Indias First Trade Receivables Discounting System (TReDS). RXIL is a joint venture between uline{1cm}

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Receivables Exchange of India Ltd (RXIL) has launched India’s First Trade Receivables Discounting System (TReDS). RXIL is a joint venture between _________

A	NABARD and BSE
B	IDFC and BSE
C	SIDBI and NSE
D	RBI and NSE

Explanation:

Detailed explanation-1: -RXIL operates the Trade Receivables Discounting System (TReDS) Platform as per the TReDS guideline issued by Reserve Bank of India (RBI) on December 3, 2014. RXIL is the first entity to receive the approval from RBI on December 01, 2016 to launch India’s First TReDS Exchange.

Detailed explanation-2: -TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers.

Detailed explanation-3: -However, RBI launched TReDS in July 2014 to address the credit challenges faced by the MSME sector in India, as they struggled to survive, owing mainly to the lack of affordable and timely access to credit options.

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