Examples of Trade Receivables in a sentence
In order to address the financial needs of MSME firms, GoI has introduced a platform for facilitating the financing of trade receivables of MSMEs from buyers, through multiple financiers which is termed as Trade Receivables Discounting System (TReDS).
The failure of the approved buyer to pay to the Insured at the end of the due date (including extensions), the whole or part of the insured debt under the Trade Receivables Purchase /Discounting /Factoring Agreement or single invoice covers through bill discounting /factoring, only on invoice discounting e-platforms such as TreDs, relating to the goods / services delivered to and accepted by the approved buyer.
In order to receive the payments within the time specified by the GOI, MSEs, if awarded with the contract, is/are mandatorily required to register themselves with the Trade Receivables Discounting System (TReDS) platform.
Amounts appearing in Trade Receivables & Payables are realized and paid as on date of signing.
TRADE RECEIVABLES (CURRENT) As at 31st March 2021 As at 31st March 2020(a) COnsidered GOOd - Unsecured12,599 16,872(b) Which have significant increase in Credit Risk (DOubtful)40 40 12,639 16,912Less : PrOvisiOn fOr DOubtful Receivables 4040 TOtal Trade Receivables 12,599 16,872 Trade Receivables are nOt credit impaired.NOtes tO Financial Statenents fOr the year ended 31st March 2021(All amOunts in C Lakhs, unless Otherwise stated)12.