Who benefits from the Pledges?

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 adoption of the Trade Credit Pledge indicates the commitment of a company to good governance, and its willingness to build a positive reputation in the wider business community. At the same time, it creates long term sustainability for the large firms as it ensures their supply chains via SMEs remain financially healthy, robust and sustainable.

SMEs, on their part, can check out which big corporations have signed the pledge, and if they happen to be their supplier, they are better assured of getting paid within a certain time limit.