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TD Securities

Receivables Monetization

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Receivables Monetization is the purchase of open account receivables by TD Global Trade Finance that provides cash flow support to clients selling on open account terms.


This is a cost-effective solution for companies seeking: true sale treatment of receivables under GAAP (Canadian or U.S.), to manage daily sales outstanding, and to expedite cash flow.



  • Receivables may be purchased on a periodic basis agreed to by the bank.
  • Seller may act as TD’s collection agent, thus sale is undisclosed to the Seller’s Counterparty/Obligor(s).
  • Balance sheet management & mitigation of credit exposure concentration.
  • Counterparty/Obligor may pay Seller (‘agent’) or pay TD direct if the program is fully disclosed.
  • Receivables term flexibility dependent on deal specifics.


  • Reduced credit exposure/concentrations to certain Counterparties/Obligors to enable additional business flows.
  • Generate liquidity/improve cash flow by reducing ‘receivables cycle’.
  • Balance sheet reflective of true sale.
  • Potentially lower borrowing costs.


  • Clients must have a good credit standing & have a relationship with TD.
  • A ‘Receivables Purchase Agreement’ must be signed and acceptable to both parties.
    August 09, 2020
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    Key Contacts

    Global Trade Finance Customer Service
    1 877 285 0398Click to mail
    Corporate Origination Group
    Stephen Barr
    Head of Origination, Trade Finance
    416 308 9434Click to mail
    British Columbia
    Tracey Orr
    604 654 3358
    Alberta, Saskatchewan and Manitoba
    Eva Liang
    604 654 3604
    Andy Subasinghe
    416 983 6601
    Quebec and the Atlantic Provinces
    Juan Salguero
    416 944 5794
    New York
    Chris Shaw
    212 827 6990
    Lydia Lopiparo
    212 827 6160
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