The Trade Credit Pledge (TCP) is a voluntary pledge. It involves big companies committing to honour payment terms to SMEs within a reasonable time-frame.
MNCs, PLCs and GLCs taking part in TCP will be imparting good business ethics by committing to pay the SMEs promptly as part of their CSR programmes.
The Trade Credit Pledge (TCP) has evolved into a mass movement that encourages and empowers MNCs, PLCs and GLCs to play their part in paying their SMEs suppliers promptly.
Aggregate news related to Trade Credit Pledge from various sources
Late payments to SMEs from debtors is painful, but there are ways to avoid it, advises KeshMahinder Singh, President and CEO of Kollect Systems Sdn Bhd.
RAM Credit Info reminds SMEs that credit checks are necessary to ensure that their customers are trustworthy enough to pay them back.