Buy Accounts Receivable at The Receivables Exchange

Institutional investors from around the world (commercial banks, hedge funds, asset-based lenders, factoring institutions) looking to diversify their investments, broaden the reach of their portfolio and generate attractive investment risk-adjusted returns. Buyers engage in competitive bidding to buy the receivables of Sellers on The Receivables Exchange.

All TRE Member Buyers must be accredited investors as required by the SEC. TRE has additional requirements to become a Seatholder, and TRE reserves the right to refuse approval to any Buyer at its discretion.

Buyers need to complete a Buyer application and submit a one-time registration fee. Once approved, Buyers can create an account profile indicating the parameters of the receivables they are interested in considering for purchase.

Minimum pricing is initially set by the Seller.  Buyers can bid where they feel is appropriate, but a Seller is only obligated to accept bids that meet or improve on their Minimum Advance and Maximum Fee.  The Receivables Exchange is a centralized and efficient marketplace that levels the playing field for small and mid-sized businesses. Buyers are provided a due diligence evaluation of Sellers and their receivables and will compete against each other to bid on their receivables, thereby setting the price needed to win the auction.

The Seller chooses how long his/her auction will last. An auction can be between one and ten business days.

The Exchange uses direct debit transfers to fund an Advance from a Buyer once they have won an auction. 

If an Account Debtor fails to remit payment for a Sold Receivable before the repurchase date, and the Seller subsequently fails to honor the terms of the Repurchase agreement by buying back the traded Receivable for the Repurchase Amount, the Seller will incur an event of Default. When this occurs, the Exchange will attempt to drawdown the repurchase amount from the Sellers account.  If this is successful, the funds will be wired to the Buyer.  If the Seller has insufficient funds, TRE will begin the collection process and pursue available legal remedies to enforce the Seller’s payment of the Repurchase Amount.  In addition, TRE will notify Account Debtors that their Payment Obligation has been sold to and purchased by a Buyer over the Exchange, and instructing each Account Debtor to pay all amounts with respect to the traded receivable directly to the Lockbox account.  Lastly, TRE will exercise whatever additional enforcement rights are available under applicable law.

Yes.  As a part of the due diligence on the Sellers, the Buyers are provided all relevant information on the Sellers and their Account Debtors so that they are thoroughly informed in order to evaluate the receivable and make a bid.

Fraud

At The Receivables Exchange, Sellers and Buyers are our greatest asset. We take seriously the responsibility to keep all Seller and Buyer financial data private and secure. In order to utilize the latest security measures to protect customer data, we employ former FBI law enforcement officials to drive our security and fraud prevention efforts. We also actively participate in national security trade groups to serve as a driving force in online and offline financial services security matters.