Working Capital Notes™: Wayne Mills in Conversation with The MAC's Report

Wayne Mills, Chief Product Officer at ETR Digital, joined The MAC's Report to discuss why Working Capital Notes™️ (digital negotiable instruments) are moving from a niche trade finance product to a mainstream treasury tool. 

The starting point is simpler than most people expect. Negotiable instruments such as bills of exchange and promissory notes have existed for centuries as the legal and commercial backbone of international trade. They create unconditional IOUs that exist independently of the underlying commercial contract. What has changed is the ability to issue, transfer, and settle them in minutes rather than days, with a tamper-evident audit trail and none of the operational burden of physical documents. 

"The critical thing is these instruments have been used for decades, possibly centuries in international trade. The opportunity now exists to use these old established instruments in new ways." - Wayne Mills, CPO, ETR Digital

Watch the full session below

Where to Start

The most common starting point for treasury teams evaluating digital negotiable instruments is a focused diagnostic: mapping the current approval-to-settlement timeline, identifying where the largest liquidity and operational gaps sit, and modelling what a structured digital instrument programme would deliver against those specific gaps. 

To learn more about Working Capital Notes™ and how forward-thinking treasury teams are using digital negotiable instruments: [CLICK HERE]

Book a Discovery Call with the ETR Digital Team

Discuss how Working Capital Notes™ can address your specific treasury objectives, whether that is cashflow optimisation, risk reduction, or funding diversification.