Buying trade receivables

Filter.   Bid.   Done.   The rest works automatically.

1

Filtering



Auction

Easy Sourcing

Investors source target receivables from a pool of uploaded trade receivables by just filtering receivables attributes and payment behavior risk metrics, gained from automatic payment initialization via TrustBills.

Trade Receivables
A New Asset Class

Dr. Christian Schmitt discusses trade receivables as a new asset class.

2

Bidding



Three Bidding Options

Manual Bidding

Manual


Place bids for individual auctions.
Autofill

Autofill


Parameterize bid preferences and automatically fill bidding forms based on these preferences.
Automatic Bidding

Autobidding


Use algorithmic trade functionality.

3

Payment Assignment



Automatic Payment

After the account receivable is sold, the auction price gets transferred from the buyer's main account to the seller's main account automatically.
Assignment
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Assignment

Assignment Contract

The seller and the buyer of the account receivable automatically receive a digital assignment contract.

4

Payment on Due Date



The buyer will receive the entire amount paid by the debtor immediately after payment.

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Banks

Proxy Payment


TrustBills automatically detects when the debtor pays the notional amount of the specific trade receivable to the supplier's bank account and initializes the transfer of that amount to the buyer's main account.
Banks

Direct Payment


The debtor is notified about the assignment and requested to directly remit the proceeds of the sold trade receivable to the buyer’s main account.

5

Reminder



What happens in case the debtor does not pay?

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Undisclosed Assignment


Undisclosed Assignment
In case of an undisclosed assignment the seller receives two reminder emails. The buyer receives a copy of each via email. The third reminder is sent via physical mail to the seller and the buyer.

Disclosed Assignment


Disclosed Assignment
In case of a disclosed assignment the seller receives two reminder emails of which the second is also sent to the debtor. The buyer receives a copy of each via email. The third reminder is sent via physical mail to the seller and the debtor. The final reminder is a notice of non-payment of the receivable that is sent to the seller and the buyer via physical mail.

6

Post Trade Function



Transaction

Receivables purchases and accounting information with csv-downloads

Report

Report generator about purchase history and profit and loss analyses

Risk

Risk management

Position

Position overview