Which of the following statements is incorrect with respect to TReDS?

• A. It stands for Trade Related Discounting System.
• B. It is an initiative of the Reserve Bank of India.
• C. Its aim is to help cash-starved micro, small and medium enterprises (MSMEs) promptly encash receivables.
• D. It is an online bill discounting platform that enables discounting of invoices/bills of exchanges of MSME sellers against large corporate, including Government departments and PSEs through an auction mechanism at competitive market rates.