The Receivables Exchange
You Shall Receive
NYSE Euronext strikes a deal with The Receivables Exchange.
Print
E-mail
Getty Images
Two innovative electronic auction models are now working together to provide companies with a new and more efficient channel for monetizing their trade receivables.
NYSE Euronext and The Receivables Exchange, or TRE, the leading online marketplace for U.S. receivables sales, have launched a strategic initiative to market TRE’s Corporate Receivables Program, which allows large companies (public companies, or private companies with annual revenues of $1 billion or greater) to auction their commercial accounts receivable on a secure, real-time trading platform.
“This strategic initiative with NYSE Euronext is a significant milestone for TRE,” says TRE CEO Justin Brownhill, who co-founded The Receivables Exchange in 2007 with President Nic Perkin. “Our Corporate Receivables Program provides an efficient, transparent and cost-effective way for NYSE Euronext and other companies to leverage receivables for liquidity and balance-sheet management, and to improve return on assets and equity.”
“Our alliance with TRE adds to our growing portfolio of services and provides our companies with affordable and continuous access to working capital,” says Scott Cutler, NYSE Euronext executive vice president and head of NYSE Listings. “We believe that our issuer community will benefit from the technological elegance, practicality and business advantages of TRE’s capital-efficient mechanism, especially during this time of uncertainty and reduced access to credit.”
For more information, visit ReceivablesXchange.com.
