The NY Times reports on a new online market in which companies can sell their receivables: An Online Market for Selling I.O.U.’s
"Businesses getting pinched by the credit squeeze can now tap a new source of cash — by selling the money owed to them by other companies.
A new online marketplace, the Receivables Exchange, was formally introduced on Monday after 18 months in development. It allows companies to sell their outstanding receivables at a discount to a panoply of financial institutions."
Truth in advertising: I'm on their advisory board.