The Receivables Exchange and CT Lien Solutions Partner on Receivables Trading Interface

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has signed an agreement with CT Lien Solutions (formerly UCC Direct) to automate all of its UCC processing, public record searching, and filing needs. CT Lien Solutions was chosen for its track record of industry-leading technological advancements and its market position as the most comprehensive filing, public record search and portfolio management service provider nationwide. CT Lien Solutions is part of CT, a Wolters Kluwer business.

As a pioneer in UCC electronic filing, CT Lien Solutions will integrate with the Exchange to streamline electronic searching and filing, which is currently available in 38 states. The proprietary solution, developed exclusively for The Receivables Exchange, will be a groundbreaking interface that enables straight-through processing to facilitate the electronic trading of commercial receivables.

“As an online marketplace that will be conducting high volumes of financial services transactions, The Receivables Exchange requires premier partners with proven track records who can guarantee a consistent high-quality experience,” said Nic Perkin, co-founder and president of The Receivables Exchange. “CT Lien Solutions is the nation’s premier provider for filing, public record search and portfolio management, which makes it the perfect partner to scale with our increasing volumes with the greatest degree of accuracy, efficiency and quality.”

Superior breadth and currency of coverage means CT Lien Solutions customers have more options. Whether a customer’s project is large and needs multiple people and tools, or smaller and needs a simple, reliable tool, CT Lien Solutions can address any need. It introduced a searchable database of online public records, spearheaded UCC electronic filing, and brought the power of the Web to UCC portfolio management, helping companies handle their public record searching and UCC filing more efficiently, shortening credit-to-cash cycle time and reducing costs.

“The Receivables Exchange demands a partner who will live up to its high expectations of delivering the most accurate information and straight through processing capabilities available,” said Gene Lasky, vice president and general manager, CT Lien Solutions. “This is a great fit for us. We can give the Exchange the scale and responsiveness it needs to most effectively mitigate risk. From in-depth corporate documentation to UCC filings to federal, state and local judgment searches, we look forward to working with The Receivables Exchanges to meet all of its needs. ”

Through its innovative accounts receivable electronic trading platform, The Receivables Exchange will connect a global network of accredited capital providers with millions of growth-oriented small and medium sized businesses in search of working capital. By introducing standardization and transparency to commercial receivables finance, The Exchange will allow capital providers to gain direct access to more than $17 trillion of annual business-to-business accounts receivable volume, and provide the nation’s small and mid-sized businesses with a new way to finance growth.

About The Receivables Exchange
The Receivables Exchange is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange provides a new dimension in working capital management by connecting private companies to a global network of accredited capital providers who compete in real time to buy and trade receivables. Exchange participants benefit from flexible access to working capital finance at competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. The Exchange’s trading platform is based on the New York Stock Exchange’s (NYSE) bond trading platform. For more information, visit www.receivablesXchange.com.

About CT Lien Solutions
CT Lien Solutions offers the most comprehensive filing, public record search and portfolio management capabilities nationwide. Its powerful technology tools and service experts provide customers with the highest standards in public search, nationwide document retrieval and UCC filing and management. CT, a Wolters Kluwer business, provides the tools to help legal and financial professionals manage risk on many levels. From managing corporate compliance to legal department performance; trademark protection to matter management; electronic data discovery to preparing cases for litigation, CT has the right solution to meet a host of needs. CT is based in New York City. For more information, please visit www.ctlegalsolutions.com.