Consider the following statements regarding TReDS (Trade Receivables Electronic Discounting System):
1. TReDS is an electronic platform for facilitating the discounting of trade receivables of MSMEs.
2. Only long term finance is available through the TReDS platform.
Which of the following statements is/are correct?1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2