Company Information

Get to know Receivables Exchange of India Ltd (RXIL)

RXIL is a joint venture between the Small Industries Development Bank of India (SIDBI) and the National Stock Exchange of India Limited (NSE). Launched in 2017, it operates as India's first Trade Receivables Discounting System (TReDS) platform under the regulatory framework of the Reserve Bank of India (RBI). The company's primary mission is to address the working capital challenges faced by MSMEs by providing a transparent and efficient online mechanism where MSME sellers can discount their invoices and bills of exchange raised against corporate and other buyers, including government departments and PSUs. The platform connects MSMEs (sellers), corporate buyers, and financiers (banks and NBFCs) to enable competitive bidding for receivables, ensuring prompt realization of funds for MSMEs.

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Receivables Exchange of India Ltd (RXIL)

India

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.