# Introduction to Multilateral Trade Credit Set-off in MPC

- Speakers: [Enrico Bottazzi](https://streameth.org/speakers/enrico-bottazzi)
- Channel: [Devcon 7 SEA](https://streameth.org/devcon_7_sea)
- Date: 2024-11-12
- Duration: 11:20
- Watch: https://streameth.org/watch/6732f8f180d989c5b7ad1246

## Description

Multilateral Trade Credit Set-off is a process for collecting outstanding invoices from a network of firms and detecting cycles. A cycle is a circular pattern of due payments that connects businesses. Removing a cycle yields liquidity savings for the firms involved. This process is done by a central agency that collects the invoices and performs the netting. Instead, we leverage MPC to perform the set-ff while preserving the privacy of sensitive financial data of the firms