- Owner
- Buyer — one program each
- Members
- Suppliers and funding banks
- Limits
- Set per bank
- Charges
- Set per supplier
What a program holds
Transactions are fast because the program did the slow work first. It records which suppliers are approved, which banks will fund, how much each bank will fund, whether that bank has agreed a rate, and which side pays the finance charges.
Each buyer runs exactly one program, which keeps the picture unambiguous: a supplier looking at its buyer sees one set of terms, and a bank underwriting the buyer underwrites one facility. Suppliers may sit inside many buyers’ Programs at once, each with its own terms.
Two settings do most of the work. A bank that has agreed pricing means transactions on that bank are priced automatically; a bank that has not means they go to bidding. And charges are configured per supplier, not for the whole program, because the commercial deal with each supplier is rarely the same.
The shape of the flow
The program holds the slow decisions. Members, limits, pricing and who bears the charges are agreed once; every transaction inherits all of it.
How it works on TradeOrigin
Once, at the start — then every transaction inherits it.
Create the program
The buyer sets the program name, currency, maximum tenor and terms.
Invite suppliers and banks
Both are invited on the platform and both must accept. New suppliers can be invited into an existing program at any time.
Banks set limits and pricing
Each bank states the limit it will fund. Fixing a rate makes transactions on that bank fixed-price; leaving it open sends them to bidding.
Set who bears the charges
Per supplier: charges on the buyer, or charges on that supplier. This decides who negotiates when a transaction is bid.
Run transactions inside it
Invoices become transactions against the program, priced or bid, funded to the supplier and settled by the buyer at maturity.
Who it is for
Program owner
You decide who is in, which banks fund, and how charges fall — and you settle at maturity.
Program members
You upload invoices and get paid early. You can be in several buyers’ Programs, seen together in one place.
Funders
One credit decision on the buyer, then a stream of short-dated assets across its supplier base, inside a limit you control.
What you get
Set up once, transact many times
Members, limits and charge terms are agreed at program level, not renegotiated per invoice.
Per-supplier commercial terms
Charges follow the deal you actually struck with each supplier.
Fixed pricing where it exists
Banks that have agreed a rate skip the bidding entirely.
Multi-bank by default
More than one bank can sit in a program, each with its own limit.
What the bank will ask for
Uploaded once, against the deal, and visible only to the counterparties on it.
Questions
Can a buyer run two programs?
No — one program per buyer. Different treatment for different suppliers is handled inside the program, per supplier, rather than by creating another one.
Does a supplier see the other suppliers?
No. A supplier sees its own participation and its own transactions.
Is an acceptance letter needed?
No. Under supply chain finance the buyer’s program is the approval. Receivable finance is the product that needs a per-invoice acceptance letter.
Related
Supply Chain Finance
A buyer-led program that pays suppliers early on the buyer’s credit standing, with no acceptance letter needed.
ProgramReceivable Finance Program
A standing arrangement for discounting a buyer’s accepted invoices, with the discounting bank already in place.
ProgramForfait Reverse Program
Buyer-initiated forfaiting: the buyer stands up the program and its suppliers are bought out without recourse.