The business or organization responsible for paying an invoice or receivable to be auctioned on The Receivables Exchange.

Also called receivables; money owed to a business by customers who have bought goods or services on credit; current assets that turn into cash as customers pay their invoice for those assets.

A financing method in which a business owner sells accounts receivable at a discount to a third-party funding source to raise capital. The Receivables Exchange is a receivables financing solution that provides flexibility and control by giving the Seller the option to post one or multiple receivables as often as they wish.

The amount that a Buyer is willing to pay or advance to the Seller incident to the purchase of a receivable.

A method of finance whereby assets are used as security for cash advances to a business.; ideal for startup companies when credit is tight and financing is needed for growth.

The date that an auction closes and the winning bid is determined.

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

The completed purchase and true sale of a receivable over The Receivables Exchange under Louisiana law resulting in all the Seller’s rights, title and ownership interest therein passing to, and solely vested, in the Buyer.

The date on which the sale of a receivable is deemed to be completed or consummated under Louisiana law.

Inventory/(Total Revenue/365) Also known as Days Sales of Inventory (DSI); the process of turning raw materials into cash; financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory into sales. Generally, the lower (shorter) the DIO the better.

Accounts Payable/(Total Revenue/365) A company's average payable period; an indicator of how long a company is taking to pay its trade creditors. DPO is typically looked at either quarterly or yearly (90 or 365 days).

Accounts Receivable/(Total Revenue/365) Days Sales Outstanding is a company's average collection period; an index of the relationship between outstanding receivables and sales achieved over a given period. A low number of days indicates that the company collects its outstanding receivables quickly. Days Sales Outstanding is calculated as total outstanding receivables at the end of the period analyzed divided by total credit sales for the period analyzed (typically 90 or 365 days), times the number of days in the period analyzed.

Accounts Receivable + inventory - Accounts Payable/(Total Revenue/365) How much cash is tied up in Accounts Receivable and Inventory less the trade credit extended to the business via Accounts Payable.

The fee that a Buyer receives as a result of the purchase of a receivable.

The face value due from an Account Debtor to pay the Seller for delivered goods or services.

The date an Invoice is issued.

The specified date listed on the invoice by which a Seller requests payment by the Account Debtor.

The depository account maintained by The Receivables Exchange with the Lockbox Account Bank; collection proceeds and other sums are deposited into this account.

The obligation of a Buyer to complete/consummate the purchase of a receivable over The Receivables Exchange.

Also called Accounts Receivable; money owed to a business by customers who have bought goods or services on credit; current assets that turn into cash as customers pay their invoice for those assets.

The amount that the Seller is obligated to pay to repurchase a receivable from the Buyer in the event of non-payment by their Account Debtor.

The date on which the Seller is obligated to repurchase a receivable from the Buyer in the event of non-payment by their Account Debtor.

This refers to the Seller’s agreement and obligation to repurchase a receivable from the Buyer in the event of non-payment by their Account Debtor.

The difference between the face amount of a receivable used to calculate payments (Notional Amount) and the amount advanced; the un-advanced portion of the Notional Amount.

Businesses that have been approved by The Receivables Exchange to post receivables for sale to Buyers.

The amount, if any, that a Seller may receive out of the Retained Amount.

Credit granted by a supplier to a customer to finance the customer’s purchase of goods or services from the supplier.

A receivable or undivided proportionate interest that is sold to, and purchased by, a Buyer over The Receivables Exchange.

Also referred to as net current assets; working capital is current assets minus current liabilities. It measures how much a company has in liquid assets available to grow its business.

Also known as net working capital; represents operating liquidity available to a business; calculated as current assets minus current liabilities.