The system would facilitate the financing of trade receivables of MSME enterprises from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers. The objective is to create Electronic Bill Factoring Exchanges which could electronically accept and settle bills so that MSMEs could encash their receivables without delay.
Happy birthday, Bulgarian National Bank! CHESTIT ROZHDEN DEN BNB! 2  BIS Review 76/2009