FCI welcomes new Member in India: RXIL Global IFSC Limited | FCI
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FCI welcomes new Member in India: RXIL Global IFSC Limited
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31 January 2023

RXIL Global IFSC Limited is a Finance Company registered under the International Financial Services Centre (IFSC) in GIFT City, India and regulated by the International Financial Services Centres Authority (IFSCA).

RXIL Global operates the International Trade Financing Services (ITFS) platform which is an electronic marketplace for facilitating trade financing for exporters and importers by providing access to multiple financiers. RXIL Global’s ITFS platform shall play an important role in arranging credit for exporters & importers from global institutions through Factoring, Forfaiting and other trade financing services at competitive cost. Also, it will be leveraged by exporters and importers across the world for availing trade finance services, thereby making GIFT-IFSC a preferred location for attracting global liquidity.

RXIL Global IFSC Limited is a wholly owned subsidiary of Receivables Exchange of India Limited (RXIL). RXIL is the first Trade Receivables e-Discounting System (TReDS) platform in India, an entity incorporated and governed by the regulatory framework put in place by the Reserve Bank of India (RBI). RXIL is a joint venture between Small Industries Bank of India (SIDBI) and National Stock Exchange (NSE) along with State Bank of India (SBI), ICICI Bank and YES Bank as other shareholders.

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