www.m1xchange.

com
MYND SOLUTIONS PVT LTD

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 Presentation Agenda
Key pointers covered in this deck

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

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Trade Receivables Discounting System
MYND Online National Exchange (For Receivables)

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.

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)

1 2 3
SUPPLIERS BUYERS FINANCIERS

Easy,
Easy, fast
fast working
working capital
capital Saving
Saving onon procurement
procurement cost
cost Opportunity
finance Opportunity to to build
build quality
quality
finance at cheaper interest
at cheaper interest through improved negotiation
through improved negotiation PSL
rates of PSL asset portfolio in MSME
asset portfolio in MSME
rates of financing
financing terms
terms for
for space
Without space
Without recourse/non-
recourse/non- suppliers
suppliers Reduced
collateral Reduced operational
operational cost
cost
collateral based
based finance
finance Saving
Saving onon finance
finance costs
costs by
by along
Off along with improved reach to
with improved reach to
Off balance
balance sheet
sheet finance
finance extending
extending credit
credit period
period build
sale of receivables Off build clientele
clientele
sale of receivables Off balance
balance sheet
sheet Ease
One Ease ofof operation
operation with
with
One time
time documentation,
documentation, no no transactions
transactions minimum
need minimum documentation
documentation
need to engage with
to engage with multiple
multiple Digital
Digital Platform
Platform -- Lower
Lower Facility
banks administration Facility to
to make
make better
better
banks administration cost for
cost for decision
Receipt decision making through
making through key
key
Receipt of
of funds
funds within
within two
two vendor
vendor financing,
financing, payments
payments information availability
days information availability
days from acceptance of bid
from acceptance of bid and
and settlements
settlements

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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
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Stability
RBI as a regulator will ensure
long term stability of the
exchange
Scalability
RBI defined processes and
procedures built for
scalability
Security
Ensures necessary security
and controls through
technology
Key Benefit
End to end discounting solution
(including the settlement process)
which is not permissible to the non
regulated entities
Time & Steps for Onboarding
MYND Online National Exchange (For Receivables)

Verification of
buyer docs and KYC

Day 2

Day 0 Day 10
Sharing of vendor details& Collection of KYC & on
execution of MSA, Debit boarding documentation
Mandate, BR from vendors

Day 12

KYC and document

Verification

Day 15 Welcome kit with log in id and

password creation process on
6 line
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TREDS - Factoring Step 1: Supplier delivers the goods/services
MYND Online National Exchange (For Receivables) (Outside TReDS)
Step 1
Step 2: Supplier Logs in & upload the Invoice (Rs10

Step 9 Step 3: Validate invoice, convert to Factoring

Buyer Supplier Unit & publish for acceptance
Step 11
Step 4: Buyer Logs in & accepts the Invoice
(Rs100)
Step 4 Step 3
Step 2 Step 5: Publish the factoring Unit for bidding
Step 5
Step 8 Step 6: Financiers bid against the factor
M1 Step 7
Step 10 Step 7: Accepts the Bids (% interest as best bid)
Exchange
Step 8: Exchange generates the settlement
Step 6 File to debit Financier and pay Supplier

Step 9: Exchange debits Financiers bank

account for Rs90 and credit the
Step 11 Financie Step 9 suppliers bank account
Step 10: On due date, final
r settlement file is generated
Step 11: Exchange debits Buyers
bank account for Rs100 & credits the
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bank account
*Alerts and Notifications will be sent at every
TREDS - Reverse Factoring Step 1: Supplier delivers the goods/services
MYND Online National Exchange (For Receivables) (Outside TReDS)

Step 1 Step 2: Buyer Logs in & upload the Invoice (Rs100)

Step 9 Step 3: Validate invoice, convert to Factoring

Buyer Supplier Unit & publish for acceptance
Step 11
Step 4: Buyer Logs in & accepts the Invoice
(Rs100)
Step 2 Step 3 Step 5: Publish the factoring Unit for bidding
Step 4
Step 5
Step 6: Financiers bid against the factor
Step 8
M1 Step 7
Step 10 Step 7: Accepts the Bids (% interest as best bid)
Exchange
Step 8: Exchange generates the settlement
File to debit Financier and pay Supplier
Step 6
Step 9: Exchange debits Financiers bank
account for Rs90 and credit the
suppliers bank account
Step 11 Financie Step 9
Step 10: On due date, final
r settlement file is generated
Step 11: Exchange debits Buyers
bank account for Rs100 & credits the
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bank account
*Alerts and Notifications will be sent at every
M1 Advantage
MYND Online National Exchange (For Receivables)

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 Digital Supply Chain Process Enhanced Offering
MYND Online National Exchange (For Receivables)

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

10 Single Platform with Seamless Funding & Settlement www.m1xchange.com

Third Party Integration
MYND Online National Exchange (For Receivables)

CLIENT BUREAU SMS GATEWAY

Infrastructu
re
Multi-level infrastructure
seamlessly integrates
with third party software,
giving you an end-to-end PAYMENT
SETTLEMEN EMAIL SERVER
solution T
Communication SYSTEM
Servers
Dedicated Email Servers BANKS
and SMS gateways to
ensure on-time
communication, every PARTY ERP CENTRAL REGISTRY
time.

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The Management Team
MYND Online National Exchange (For Receivables)

+ SUNDEEP MOHINDRU
FOUNDER & CHIEF EXECUTIVE
OFFICER

+ DEVIKA GARG + JACOB RAPHAEL

NATIONAL SALES HEAD CHIEF OPERATIONS
OFFICER

+ RAMESH BISHT
+ SUNIL KUMAR
CHIEF FINANCE OFFICER
CHIEF TECHNOLOGY OFFICER

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Mission & Vision
MYND Online National Exchange (For Receivables)

VISION
To channelizeMYNDs leading practices
to offer best-in-class Trade receivables
exchange for MSMEs, Corporates &
Financiers; ensuring seamless liquidity
flow between all stakeholders,
contributing to the countrys growth.

MISSION
To provide solution-based approach adept
with innovation & flexibility towards
financing solutions for stakeholders.

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