Every eINV has five surfaces — pick one

← All instruments eInvoice / Receivable · RA 11057 (PPSA)

The receivable becomes transferable.

An SME ships goods and waits 90 days for payment. An invoice is not a transferable record — it is a receivable, assignable to a factor for immediate cash and perfected by registration under the PPSA, with the assignment chain disclosed on the rail. SME working capital, on a clean chain.

Sample receivable

Actors on the rail

All actions anchor to ISET ISET juridical anchor
SU

Supplier

Supplier A
BY

Buyer

Buyer A

ISET · Registry of Record

Neutral · PPSA registration
FA

Factor

Factor Institution A
1
Supplier issues eInvoiceSupplier identity verified · BSP 1213 auth
identityidentity
2
eInvoice anchored on ISETSingular electronic record of the receivable
anchored
3
Buyer acknowledges (account debtor)Buyer's confirmation reduces downstream diligence cost
audited
4
Supplier consents to assignmentInformed consent to assign recorded on the ledger
consented
5
Factor verifies · prices the receivableExists · unencumbered · not pledged elsewhere — and risk-scored
verifiedscored
6
Assignment perfected by registrationNotice registered in the Registry — how a receivable is perfected under RA 11057 §§11–13, and what sets priority
perfectedregistered
7
Factor pays supplier (advance, minus discount)Supplier receives immediate funds
settled
8
Maturity · buyer pays the assigneeAccount debtor pays the factor; record discharged. With recourse, non-payment falls back to the supplier — without recourse, the factor carries it
settled

eInvoice issued, assigned, settled.

SME working capital, on a verifiable assignment chain.

eInvoice / Receivable● ANCHORED · PQC SIGNED
eINV-2026-•••••
Standard
RA 11057 (PPSA) · receivable assignment · RA 8792
Supplier
Buyer (account debtor)
Factor (current holder)
Goods / service
Terms
Invoice value
Anchor
ISET signing root · ML-DSA-65
Settlement
Consent ref
CL-2026-•••••
Audit ref
CL-2026-•••••
828/897 supplier verified 912 eInvoice anchored 827 FPIC consent 894 verified 913 assignment perfected 899 disclosed 839 settlement
FAC Fiduciary Audit Certificate · issued on ledger anchor (audit + consent refs above). Court-admissible · Post-quantum · FIPS 204 · hash-chain valid.
Why this matters

The PH SME credit gap is real. The traditional factoring book is opaque — receivables get assigned and re-assigned with weak diligence. A registered eInvoice gives the factor what it needs to lend safely (verified existence, buyer acknowledgment, clean chain) — which prices the receivable down for the SME. Cheaper working capital, faster.

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