Trade receivable credit or CMCC is a mobilization of credits other than discount:
The merchant gathers his customer invoices with similar deadlines (10 days), and transmits them to his bank , but without any assignment of receivables.
The bank gives it a credit in the form of a current account overdraft .
The merchant subscribes for this credit a promissory note with a term of up to 90 days. He himself collects invoices, which allows him to pay the promissory note on the due date, but he can also mandate the bank to make the recovery.
Thus, at maturity, the net proceeds of the discount to the cashing allows to refund the promissory note subscribed.