ENA Economy 2018-10-24 05:35:37 <p><strong>New Delhi, Oct 24 (KNN) </strong>To facilitate financing between NTPC and its MSME vendors, M1 exchange, one of the foremost exchanges dealing in Trade Receivables Discounting System (TReDS), has started transacting with NTPC limited.</p> <p>With conjunction of M1xchange and NTPC Limited, the financing concerns of MSMEs in the power sector would be taken care off.</p> <p>In a press statement, M1xchange said The use of TReDS is aimed at improving the flow of funds to MSMEs by reducing the realization cycle of receivables.</p> <p>TReDS allows MSMEs to post their trade receivables on the system and get them financed, it added.</p> <p>Launched by outsourcing and consulting firm Mynd Solutions, M1xchange has on-boarded many large corporates, their MSME vendors and financiers (banks - public, private, foreign and NBFCs) to do the financing transactions.</p> <p>The M1xchange platform would provide a reliable tool to our vendors due to its competitive pricing mechanism, SC Chavady, GM, corporate materials, NTPC, said in the statement.</p> <p>TReDS is a regulatory framework put in place by the Reserve Bank of India under the Payment and Settlement Systems Act 2007 to regulate trade receivables between MSMEs, large corporations and financiers</p> 21135 https://knnindia.co.in/news/newsdetails/economy/m1-exchange-transacts-with-ntpc-to-facilitate-financing-of-msme-vendors-in-power-sector 2018-10-24 05:35:37 knnindia.co.in