Integrating National Receivables Exchanges
Project Overview
Domestic invoice-trading platforms already turn pay-later sales into same-day cash for thousands of businesses, yet most operate in isolation. The Integrating National Receivables Exchanges project will weave those islands into a single, open network whose rules line up with the UN Receivables Convention, today’s live C2C currencies (URU and CRU), and the oversight framework that will pass to the Global Ura Authority (GUA) once the Treaty of Nairobi is signed. The outcome: any verifiable invoice can move from a village workshop in Kumasi to an investor in Kuala Lumpur without legal friction, instantly reinforcing the asset pool that backs honest money.
Why It Matters
Unlock working capital – SMEs get cash inside 24 hours instead of 60–90 days, using the exchange nearest to them while tapping buyers worldwide.
Strengthen C2C reserves – every receivable traded through an accredited exchange becomes eligible as a Secondary Reserve, expanding the resilience of asset-anchored currencies without fresh government borrowing.
Reduce fragmentation – common data standards and smart-contract hand-shakes erase jurisdictional silos and the costly legal gymnastics of today’s cross-border invoice factoring.
Advance inclusion – micro-enterprises gain first-time access to competitive finance because local exchanges plug directly into a global liquidity pool.
Objectives
Map and screen at least twenty active national exchanges, public or private, by mid-2027 and publish the findings in an open index.
Draft and release a GUA-ready Interoperability Standard: data model, KYC / AML package, digital-signature spec and open-source smart-contract template.
Run live pilots among three volunteer exchanges to prove same-day, cross-border receivable settlement with full audit trail.
Equip fifty exchange operators with GUA-aligned legal, audit and tech skills through blended online–onsite training.
Open-source an API / SDK so additional platforms and fintechs can plug in without license fees.
Key Components
Exchange assessment – Globalgood researchers and volunteer audit partners will visit or virtually audit each candidate platform, covering governance, cybersecurity and asset-verification logic.
Standards development – a working group of regulators, technologists and UNCITRAL advisers will converge national data schemas into one JSON / XML blueprint and agree eligibility rules that mirror the Convention.
API & contract layer – volunteer fintech teams will build reference REST endpoints and Solidity / Cairo smart-contracts for permissioned or public-chain deployment, released under an MIT license.
Pilot federation – three inaugural exchanges (Ghana, Kenya and Côte d’Ivoire are current prospects) will connect over testnet, then process real invoices under regulatory no-action letters.
Capacity building – webinars, in-person clinics and a certification exam will prepare platform staff for life under GUA supervision once the treaty is active.
Timeline
2025–2026 Discovery: index exchanges, secure MOUs, draft exposure version of the standard.
2027–2028 Alignment: issue v1.0 registry/API spec, open pilot sandbox, begin operator training.
2029–2030 Pilots: move real invoices across three paired exchanges, publish audit results, refine spec.
2031 onward Roll-out: onboard ten more platforms, hand maintenance of the standard to the newly formed GUA Standards Board after treaty ratification.
Partners and Roles
National exchanges supply transaction data, user-stories and dev time for integration.
Central Ura Reserve Limited advises on audit protocols so invoices can flow into the URU reserve basket without manual re-verification.
The future GUA Standards Board (active post-treaty) will adopt and update the interoperability rule-book.
UNCITRAL’s secretariat provides legal alignment with the Receivables Convention.
Fintech developers maintain the open-source toolkit, while chambers of commerce mobilize SME users for pilots.
Advocacy Budget (Globalgood only)
Research, audits and exchange missions will require roughly 450 000 USD across four years.
Standards drafting, legal consultation and public comment management are estimated at 650 000 USD.
Pilot integration grants, security testing and public demo events add about 700 000 USD.
Training content, translation and certification exams are budgeted at 250 000 USD.
Total expected spend for Globalgood’s advocacy and convening role: just under two million dollars, to be raised through core donations and project-restricted grants. Platform builds, regulatory filings and operational costs remain the responsibility of the participating exchanges and, after 2031, the GUA.
How to Engage
Exchange operators can request the readiness checklist and pilot-cohort application pack at projects@globalgoodcorp.org.
Fintech teams are invited to contribute code to the open-source repository launching Q2 2026.
Audit firms, law practices and universities can volunteer pro-bono expertise for platform assessments and curriculum design.
Foundations, corporates and development banks can underwrite regional hackathons, pilot integrations or translation of training material into local languages.
When invoice markets speak a common language, the world’s working capital flows where value is created, not where legal loopholes are widest. Join Globalgood in stitching those markets together and watch every authenticated receivable fortify the bedrock of honest money.