RBI Issues Draft Directions on Trade Receivables Discounting System (TReDS)

Notification / Circular No.: Press Release: 2026-2027/48 dated April 08, 2026

Applicable Act / Rule: Reserve Bank of India Act, 1934

MSMEs face constraints in accessing adequate finance, particularly in converting trade receivables into liquid funds. The Reserve Bank of India had earlier issued guidelines for setting up Trade Receivables Discounting System (TReDS) platforms to facilitate financing of receivables of MSME sellers. With evolving requirements, a review of the existing framework has been undertaken to rationalise and harmonise the guidelines.

  • Reserve Bank of India has released draft Reserve Bank of India (Trade Receivables Discounting System) Directions.
  • The draft directions are issued pursuant to a comprehensive review of existing guidelines governing TReDS platforms to rationalise and harmonise the regulatory framework.
  • RBI has invited comments / feedback from regulated entities, public, and stakeholders.

Feedback is to be submitted on or before May 01, 2026 through the ‘Connect 2 Regulate’ section on RBI website.

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