Economics · Banking and Financial Institutions
Consider the following statements regarding the Trade Receivables Discounting System (TReDS) in India: A. TReDS provides a platform for MSMEs to get invoices financed by banks/financiers. B. TReDS allows only large corporates to be financed. C. Participants include MSMEs, financiers, and corporates. D. TReDS ensures automatic settlement and discounting of trade receivables in a transparent manner. Which of the statements given above are correct?
- 1Only A, C, and D✓
- 2Only A, B, and C
- 3Both B and C
- 4Only B
Correct answer
Only A, C, and D
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