The Receivables Exchange Named Top Three ?Deal of The Year? at Twelfth Annual ATFA Conference

New Orleans–The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that they were honored alongside GE Capital and Finacity as one of the Top Three for the “Deal of the Year” award by the Association of Trade and Forfaiting in the Americas (ATFA). The global award recognizes the most innovative trade finance related transaction in 2008. The Receivables Exchange was awarded for conducting the world’s first electronic trade of commercial receivables. The transaction was completed in November 2008 on the Exchange’s proprietary online trading platform, which, for the first time, allows Buyers (accredited institutional investors) and Sellers (small and mid-sized businesses) to come together to trade receivables in a real-time auction marketplace.

The award was voted on by members of the ATFA, an international community of commercial companies, financial institutions and intermediaries engaged in trade finance in the US, Canada and Latin America. The awards were announced at the ATFA’s 12th annual conference in San Diego. Justin Brownhill, co-founder and CEO of The Receivables Exchange, was on hand to accept the award.

Prior to The Receivables Exchange, global trade receivables have been structured offline on a principal to principal basis. The Exchange has created a globally competitive marketplace, the world’s first online electronic trading platform for trading commercial receivables. By creating a centralized, easily accessible marketplace, the Exchange enables companies to engage in global commerce more efficiently and increase their short-term liquidity and presents financiers of trade receivables a unique opportunity to gain access to a geographically agnostic investment opportunity.

“We are honored to have been recognized for such a historic event in financial services by the ATFA, a leading global organization in trade finance,” said Mr. Brownhill. “Nearly two years went into preparing and bringing to market the world’s first real-time electronic platform for the buying and selling of trade receivables. It was an honor to have the opportunity to showcase the significant impact that our open and efficient marketplace brings to the industry among such esteemed industry players.”

As companies worldwide continue to request extended payment terms on purchases, global suppliers are struggling with a reduction in cash flow and limited access to affordable working capital. The Receivables Exchange provides an opportunity for these Suppliers to fuel growth by connecting them to Buyers (accredited institutional investors) who compete against each other in real-time to buy their receivables.

“In times of economic uncertainty, it is creativity that drives opportunity and growth. The Receivables Exchange has brought to market one of the most innovative new solutions paving the way for a new era of global trade finance,” said Brendan Herley, president of the ATFA. “We look forward to having the Exchange continue to participate in the advancement and growth of this industry.”

For more information on ATFA, please visit www.tradeandforfaiting.com.

About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange is changing the landscape of small business financing by providing a new dimension in working capital management. The Exchange connects a global network of accredited institutional investors (Buyers) to the nation’s millions of small and mid-sized businesses (Sellers) in search of capital to grow. Buyers get direct access to an $18 trillion new investable asset; Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.