CS Professional · IFSCA - Regulations, Listing and Compliances · Book-keeping, Accounting, Taxation and Financial Crime Compliance Services and TAS
Ananya Traders Pvt Ltd, an Indian exporter, wants a platform in GIFT IFSC that will electronically host invoices and trade documents so that financiers can view them and bid to finance or discount the receivables. Which description best fits the service the platform provides?
The platform offers Trade Application Services. TAS platforms in GIFT IFSC facilitate trade finance, including financing or discounting of trade receivables and payables, by connecting sellers, buyers and financiers electronically. Listing, bullion custody and deposit-taking are different regulated activities and do not describe this service.
- AA trade finance platform that provides Trade Application Services, facilitating financing of trade receivables for participantsCorrect
- BA stock exchange offering listing of equity shares
- CA bullion depository holding gold receipts
- DA payment bank accepting retail deposits
Explanation
Trade Application Services in IFSC relate to platforms that enable trade finance, such as financing and discounting of trade receivables and payables among sellers, buyers and financiers. The other options describe unrelated activities: listing, bullion custody and retail deposit-taking.
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