Buying trade receivables

Filter.Bid.Done. The rest works automatically.

Easy Sourcing

Investors source target receivables from a pool of uploaded trade receivables by just filtering receivables attributes and behavior risk metrics, gained from automatic payment initialization via TrustBills.

Three Bidding Options

Investors can place bids for individual auctions, parameterize bid preferences and automatically fill bidding forms based on these preferences or use algorithmic trade functionality

Manual

Autofill

Autobidding

Automatic Payment

After the account receivable is sold, the auction price gets transferred from the buyer's main account to the seller's main account automatically.

Assignment contract

The seller and the buyer of the account receivable automatically receive a digital assignment contract.

The buyer will receive the entire amount paid by the debtor immediately after payment

Proxy Payment

TrustBills automatically detects when the debtor pays the notional amount of the specific trade receivable to the supplier's bank account and initializes the transfer of that amount to the buyer's main account.

or

Direct Payment

The debtor is notified about the assignment and requested to directly remit the proceeds of the sold trade receivable to the buyer's main account.

TrustBills provides traders with several post trade functions that help them keep track of their trading activities

Receivables purchases and accounting information with csv-downloads

Risk management

Report generator about purchases history and profit and loss analyses

Position overview

AI Assisted Receivable Verification Process

After submission trade receivables are checked via an AI assisted system. If everything is fine, it is accepted. However if the AI detects an error, it is rejected. A manual check comes into play if the AI results are unclear. The AI learns from experience.

What happens if the debtor does not pay?

Undisclosed Assignment

Due Date

1st reminder
to seller (copy to buyer) via email

2nd reminder
to seller (copy to buyer) via email

3rd reminder
to seller and buyer via physical mail

Notice of non-payment
to seller and buyer

Disclosed Assignment

Due Date

1st reminder
to seller (copy to buyer) via email

2nd reminder
to seller and debtor (copy to buyer) via email

3rd reminder
to seller and debtor via physical mail

Notice of non-payment
to seller and buyer

Undisclosed Assignment

The seller receives two reminder emails. The buyer receives a copy of each email. The third reminder is sent via physical mail to the seller and the buyer. The final reminder is a notice of non-payment of the receivable that is sent to the seller and the buyer via physical mail.

Disclosed Assignment

The seller receives two reminder emails of which the second is also sent to the debtor. The buyer receives a copy of each via email. The third reminder is sent via physical mail to the seller and the debtor. The final reminder is a notice of non-payment of the receivable that is sent to the seller and the buyer via physical mail.

TrustBills Care

Our Care-Team will be happy to help you with questions relating to TrustBills:

Give us a call
+49 (0)40 257 660 650

Or send us a message:
care@trustbills.com

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