The Receivables Exchange, an online marketplace for real-time trading of commercial receivables, launched its corporate auctions program.
The corporate auctions program is geared toward Fortune 1000 companies seeking a modern market-based working capital solution as an alternative to the receivables securitization and commercial paper markets.
All receivables sold on the Exchange constitute a true sale of the asset, a compelling feature as large corporations seek ways to improve their liquidity and balance sheets. By adding corporate auctions to its receivables marketplace for small and midsize businesses (SMBs), the Exchange is quickly becoming a mainstream cash management tool for companies of all sizes.
For buyers, the Exchange provides unprecedented access to an attractive, sizeable, liquid marketplace of commercial receivables.