The Asset Triple A Awards 2012

Best Trade Finance Solutions: India

Arranger: J.P. Morgan

This is a comprehensive receivables purchase transaction globally in which J.P. Morgan purchases the open account receivables of Reliance Industries from selected buyers in Europe, the Middle East, North America and Asia-Pacific.

This landmark deal enables Reliance to improve its working capital management, reduce day sales outstanding from 30 days to between five and seven days, and reduce counterparty risk.