The document provides an overview of M1 Exchange, an online platform for trade receivables discounting in India approved by the Reserve Bank of India. It discusses key participants like MSME suppliers, large corporate buyers, and financiers/banks. The platform allows suppliers to receive early payment on invoices through bidding among multiple financiers. It also details the invoice discounting and reverse factoring processes, benefits to participants, and the management team behind M1 Exchange.

1. www.m1xchange.com1
www.m1xchange.com
MYND SOLUTIONS PVT LTD

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Presentation Agenda
1 Introduction
2 About TReDS
3 Participants & Benefits
4 Support of Strong Regulator - RBI
5 Onboarding: Time & Process
6 TReDS: Factoring & Reverse Factoring
7 M1 Advantage
8 Third Party Integration
9 Our Management Team
10 Vision & Mission
Key pointers covered in this deck

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Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate
discounting of invoices and Bills of exchange on a PAN India basis.
Trade Receivables Discounting System
MYND Online National Exchange (For Receivables)
RBI granted approval to Mynd Solutions in Dec 2015, to set-up and operate TReDS under the Payment and Settlement System (PSS) Act 2007.
Mynd solutions is one of the very few entities approved to set up the exchange. The Exchange is named M1 (Mynd Online National Exchange)
Key participants to be Micro, Small & Medium Enterprises “MSME” (“The Seller”), large corporates including PSUs and Govt. Departments (“The
Buyer”) and Banks/NBFCs (“the Financier”)
To provide MSMEs working capital at competitive rates through an open bid process through multiple financiers.
Financing to be “Without Recourse” to MSME supplier.
Client on-boarding started. First transaction in the month of January-17.

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Key Participants & Benefits
MYND Online National Exchange (For Receivables)
 Opportunity to build quality PSL asset
portfolio in MSME space
 Reduced operational cost along with
improved reach to build clientele
 Ease of operation with minimum
documentation
 Facility to make better decision
making through key information
availability
 Saving on procurement cost through
improved negotiation of financing
terms for suppliers
 Saving on finance costs by extending
credit period
 Off balance sheet transactions
 Digital Platform - Lower
administration cost for vendor
financing, payments and settlements
 Easy, fast working capital finance at
cheaper interest rates
 Without recourse/non-collateral
based finance
 Off balance sheet finance – sale of
receivables
 One time documentation, no need to
engage with multiple banks
 Receipt of funds within two days
from acceptance of bid
SUPPLIERS BUYERS FINANCIERS
1 2 3

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Strong Regulator - RBI
MYND Online National Exchange (For Receivables)
Enhances Credibility
Increases credibility of
exchange in the market
and minimises risk of
defaults
Improved Bank Participation
Many benefits such as PSL are not
available to non-regulated entities,
hence there will be increased
participation from banks on this
regulated platform
Better Security Control
Fosters confidence in participants
towards the security, control and
transparency as exchange becomes
regulated and complies with stricter
guidelines
Stability
RBI as a regulator will ensure long
term stability of the exchange
Scalability
RBI defined processes and
procedures built for scalability
Key Benefit
End to end discounting solution (including the
settlement process) which is not permissible to
the non regulated entities
Security
Ensures necessary security and
controls through technology

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Time & Steps for Onboarding
MYND Online National Exchange (For Receivables)
Sharing of vendor details&
execution of MSA, Debit
Mandate, BR
Day 0
Verification of buyer
docs and KYC
Day 2
Uploading of the Buyer on
the platform and issuing the
log in id and passwords to
buyers.
Day 5
Collection of KYC & on
boarding documentation
from vendors
Day 10
KYC and document
Verification
Day 12
Uploading of vendor details
on the platform
Day 14
Day 15 Welcome kit with log in id and
password creation process on line
Day 15

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M1 Exchange
Buyer Supplier
Financier
Step 1
Step 2
Step 3Step 4
Step 5
Step 6
Step 8
Step 10
Step 7
Step 9
Step 9
Step 11
Step 11
Step 1: Supplier delivers the goods/services
(Outside TReDS)
Step 2: Supplier Logs in & upload the Invoice (Rs100)
Step 3: Validate invoice, convert to Factoring Unit &
publish for acceptance
Step 4: Buyer Logs in & accepts the Invoice (Rs100)
Step 5: Publish the factoring Unit for bidding
Step 6: Financiers bid against the factor
Step 7: Accepts the Bids (% interest as best bid)
Step 8: Exchange generates the settlement File to
debit Financier and pay Supplier
Step 9: Exchange debits Financier’s bank account for
Rs90 and credit the supplier’s bank account
Step 10: On due date, final settlement file is generated
Step 11: Exchange debits Buyer’s bank account for
Rs100 & credits the financier’s bank account
TREDS - Factoring
MYND Online National Exchange (For Receivables)
*Alerts and Notifications will be sent at every stage

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Step 1: Supplier delivers the goods/services
(Outside TReDS)
Step 2: Buyer Logs in & upload the Invoice (Rs100)
Step 3: Validate invoice, convert to Factoring Unit &
publish for acceptance
Step 4: Buyer Logs in & accepts the Invoice (Rs100)
Step 5: Publish the factoring Unit for bidding
Step 6: Financiers bid against the factor
Step 7: Accepts the Bids (% interest as best bid)
Step 8: Exchange generates the settlement File to
debit Financier and pay Supplier
Step 9: Exchange debits Financier’s bank account for
Rs90 and credit the supplier’s bank account
Step 10: On due date, final settlement file is generated
Step 11: Exchange debits Buyer’s bank account for
Rs100 & credits the financier’s bank account
M1 Exchange
Buyer Supplier
Financier
Step 1
Step 4
Step 3Step 2
Step 5
Step 6
Step 8
Step 10
Step 7
Step 9
Step 9
Step 11
Step 11
TREDS - Reverse Factoring
MYND Online National Exchange (For Receivables)
*Alerts and Notifications will be sent at every stage

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MYND Online National Exchange (For Receivables)
M1 Advantage
Vision & Potential for expansion in other trade products & international markets.
Extensibility, Usability & Scalability of Product.
Bank Agnostic
Large Expertise in Vendor Lifecycle Management.
End to End process automation with connectivity to ERP & Tally.
Solution based approach– Innovation, Agility in solution & quick decision making.

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M1 Xchange
Vendor Portal
Vendor Onboarding
Business Process
Management
Accounting
& Recon
• Online Vendor
Registration
• Vendor classification &
Profiling
• Vendor KYC
• Credit spreading
• Master data Management
& Updation
• Centralized depository
• Self Service Menu
• PO approvals/ vendor self
• service
• PO extraction and validation
• Pre-shipment documentation
• Invoice submission
• Document submissions
• Self Invoice
• DN / CN Status View
• Invoice status inquiry
• Mobile application
• Payment advices
• Invoice Help desk
• Business Process Rule
Engine
• Scanning solution
• Primary Verification
• Document archival
• Key field entry through
Optical recognition (OCR)
• Invoice approval work
flow management
• Query resolution
monitoring
• DN / CN generation
• Integration with ERP
• RBI regulated first of its
kind online exchange for
receivable financing
• Large corporate buyers,
their suppliers and
multiple banks/NBFC
factors on the same
platform
• Invoice Discounting to be
done through open bid
process
• Auto data flow to ERP
• Automated Vendor
Reconciliation
Workflow
Digital Supply Chain Process – Enhanced Offering
MYND Online National Exchange (For Receivables)
Single Platform with Seamless Funding & Settlement

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SMS GATEWAY
EMAIL SERVER
BANKS
CENTRAL REGISTRY
CLIENT BUREAU
PAYMENT
SETTLEMENT
SYSTEM
PARTY ERP
Third Party Integration
MYND Online National Exchange (For Receivables)
Communication Servers
Dedicated Email Servers and SMS
gateways to ensure on-time
communication, every time.
Infrastructure
Multi-level infrastructure
seamlessly integrates with third
party software, giving you an
end-to-end solution

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+ SUNDEEP MOHINDRU
FOUNDER & CHIEF EXECUTIVE OFFICER
+ JACOB RAPHAEL
CHIEF OPERATIONS OFFICER
+ DEVIKA GARG
NATIONAL SALES HEAD
+ RAMESH BISHT
CHIEF FINANCE OFFICER
+ SUNIL KUMAR
CHIEF TECHNOLOGY OFFICER
The Management Team
MYND Online National Exchange (For Receivables)

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To channelize MYND’s leading practices to offer
best-in-class Trade receivables exchange for
MSMEs, Corporates & Financiers; ensuring
seamless liquidity flow between all stakeholders,
contributing to the country’s growth.
Mission & Vision
MYND Online National Exchange (For Receivables)
VISION
To provide solution-based approach adept with
innovation & flexibility towards financing solutions for
stakeholders.
MISSION

14. MYND SOLUTIONS PVT. LTD
296, Udyog Vihar, Phase-IV,
Gurgaon - 122001 Haryana, India
Phone: +91-124-4646000
Fax: +91-124-4100395
E-mail: sales@m1xchange.com