STIMULATE THE ECONOMY
Targeted Stimulus Program to Effectively Bring Relief to Desperately Needed SMEs in Times of Covid-19
EVERYONE BENEFITS
Significant Upsides, with a Domino-like Effect
Stimulus funds can be provided through Anchor’s Early Payment program, in the form or cash or digital draft, ensuring all players in a given supply chain can benefit.
Stabilizing
Economy
SEDA works by targeting specific industries and injecting relief funds effectively through anchors deep into their supply chain, reaching the many SMEs desperately seeking help and thereby averting the economy from sinking into a depression.
Transparency,
Low Overhead
SEDA requires minimal administration overhead while offering greater transparency into the use of funds, which is critical for the success of any stimulus program while ensuring accountability to the overall supply chain.
Speed, Efficiency in
Stimulus Program
Tallyx’s Lite Touch Onboarding of deep tier suppliers is a quick simple onboarding process, in comparison to thelimiting traditional bank-hosted SCF programs, due to onboarding bottlenecks stemming from compliance requirements.
Features
SEDA is an extension to Tallyx’s Early Payment Plus, with the following added features:
Extended
DPO
Extend anchor buyer’s DPO to 180 days
Early
Payment
Alternatively use government-funded SEDA account to fund early payment in lieu of buyer’s own cash.
Central Bank
Digital Draft
Instead of using CAPD (Commercial Approved Payable Draft) which is backed by Anchor’s reputation, Central Bank Digital Draft (CBDD) is used, which is backed by Central Bank’s credibility.
Modern
Technology
Easy onboarding and account setup. Funders get access to a much larger pool of fundable assets through better packaging of trade assets and their associated risk that can be afforded by adopting blockchain tokenization and Artificial Intelligence technology.
How it Works
- Early Payment - SEDA
- Central Bank Digital Draft
Early Payment Funded by Government Relief Funds
Anchor Uploads Approved Payables
Perform eligibility check, extend maturity date
(per SEDA Policy)
Supplier Submits Early Payment Request
Discounting Rate per SEDA Policy
Auto-Accept Based on SEDA Policy
Anchor arranges Early Payment using SEDA-backed account, based on info from auto-generated AEP File
Anchor’s Repayment to SEDA account
Remind Anchor to pay down O/S balance of SEDA account at extended maturity dates
Central Bank Digital Draft (CBDD) is a sovereign guarantee by the government to pay the invoices underlying the draft holder on due date.
Anchor Uploads Approved Payables
Perform eligibility check, extend maturity date
(per SEDA Policy)
Supplier Requests CBDD
If approved, Supplier is notified of CBDD issuance in Tallyx Wallet
Supplier’s Options with CBDD
Request discounting of CBDD, use as payment to upstream suppliers, or wait for maturity payment
Anchor’s Repayment to SEDA Account
Remind Anchor to pay down O/S balance of SEDA account at extended maturity dates