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RBI issues norms for setting up of and operating TReDS

(Facilitate financing requirements of MSMEs)


With a view to facilitate the financing requirements of Micro, Small & Medium Enterprises (MSME), the Reserve Bank of India (RBI) issued the guidelines for setting up and operating the Trade Receivables Discounting System (TReDS). It is stated that TReDs is a scheme for setting up and operating the institutional mechanism to facilitate the financing of trade receivables of micro, small and medium enterprises (MSMEs) from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers.

The guidelines outline the requirements and the basic tenets of operating the TReDS, including the system participants, their roles, transaction process flow, settlement process, etc., besides indicating the eligibility criteria for entities desirous of setting up and operating such a system. It is mentioned that the TReDS will be an authorised payment system and will also be subject to the oversight of the Reserve Bank of India under the Payment and Settlement Systems (PSS) Act, 2007.

Further, a detailed note on the guidelines for “setting up of and operating the Trade Receivables Discounting System (TReDS)” is enclosed herewith for your ready reference.

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