Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026
RBI press-release 2026-2027/519 · 23 Jun 2026
Official title
RBI issues Final directions on Trade Receivables Discounting System (TReDS)
RBI press-release 2026-2027/519 · 23 Jun 2026
Official title
RBI issues Final directions on Trade Receivables Discounting System (TReDS)
Summary
Check the official recordThe Reserve Bank of India issues the Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026. These directions rationalize and harmonize the regulatory framework for the Trade Receivables Discounting System. The directions remove the due diligence requirement for MSME sellers. They also revise the capital requirements for TReDS operators. The directions provide flexibility to authorized entities to frame operational and procedural guidelines. These directions apply to TReDS operators and participants. The directions take effect immediately.
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Key dates
Who is affected
June 23, 2026
RBI issues Final directions on Trade Receivables Discounting System (TReDS)
The Reserve Bank of India (RBI) has today issued Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026.
RBI had placed the draft Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026 on April 08, 2026, in the public domain for stakeholder feedback. The draft Directions proposed, inter alia –
a) rationalisation and harmonisation of the existing regulatory framework for TReDS, b) removal of the requirement of due diligence for MSME sellers, and c) revision of the capital requirements applicable to TReDS operators.
Feedback from the public has been examined and suitably incorporated in the final directions. The final Directions prescribe the appropriate requirements for an efficient functioning of TReDS while providing the authorised entities flexibility to frame operational and procedural guidelines in accordance with the extant regulatory framework.
These Directions shall come into effect immediately, unless indicated otherwise therein.
(Brij Raj) Press Release: 2026-2027/519 Chief General Manager
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ǐरज़वर् बैंक
RESERVE BANK OF INDIA
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