November 2023
Within Multi-Bank Intermediation the suppliers sell their receivables to an Irish SPV operated by CRX Markets. The SPV immediately on-sells these receivables to selected financing partners. While the financing partners are purchasing buyer approved receivables and directly obtain the Promise-to-Pay of the buyer, they only face one counterparty: the Irish SPV, very similar to the well-known bank participation model.
Discover everything about our new model in our whitepaper.