Advantages of the Exchange

Efficient. Effective. Proven.

Our Corporate Receivables Program provides a secure, real-time trading platform to auction commercial accounts receivable to institutional Buyers. The Corporate Receivables Program is an efficient and cost-effective supplement to commercial paper and securitization and offers several important benefits.

Liquidity Management

Working capital at competitive cost

  • Auction process drives down cost of capital
  • Diversification of funding source
  • Reduction in DSO to 2 days, improving cash conversion cycle

Portfolio Diversification

Enhance mix of assets on balance sheet

  • Off-balance sheet (non-leveraged) financing
  • Monetization of non-productive asset which carries both credit and carry cost
  • Improve financial performance metrics and overall cash position

Risk Management

Limit exposure to counterparty credit risk

  • True sale mitigates credit exposure to account debtor
  • Compliance with imposed concentration limits without sacrificing sales
  • Reduction in single buyer risk through broad pool of buy side participants

Electronic Marketplace

Greater efficiency

  • Reduction in legal and structuring costs
  • Control of pricing and auction parameter
  • Flexibility to trade as frequently as needed