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Union Channel Finance
Union Channel Finance is a fully automated Supply Chain finance product for Dealers and Vendors of large Anchor Entities. This unique facility streamlines the cash of Channel Partners towards enhanced efficiency.
Union TReDS
- Trade Receivables Discounting System (TReDS) is a digital platform for MSMEs to auction their trade receivables at competitive rates through online bidding by Financiers i.e Banks. It is a source for lower cost of financing as financing is based on buyer’s credit profile.
- Union Bank of India signed the Master Agreement for participation on TReDS platform of RXIL, A.TREDS LIMITED (invoicemart.com) and Mynd Solutions (M1xchange.com).
- For on boarding and operating, all the participants (Buyer i.e Corporates/Seller i.e MSME) need to register on the TReDS platform.
- For MSMEs, this online trading platform provides hassle free process to get financing at best rates. The improved liquidity will result in efficient working capital management with low administrative / operational costs involved.
- For Corporates they can better manage their Working capital cycle and make timely payment to MSME in compliance with MSMED Act.