Depending on the method of discounting
The invoice is uploaded by either the buyer or the supplier and approved by the other party. Once the invoice is accepted, financiers on the platform begin bidding on it. The supplier accepts the bid and the discounted amount is credited in its account in T+1 day, where T is the day of acceptance.
The following are the key characteristics of TReDS:
- Simple Access to Funds
- Work without paper
- Competitive Discount Rates on a Single Platform for Sellers, Buyers, and Financers to Transact Online
- Standardized Data Flow Patterns