EWRF "Electronic warehouse receipt financing" is a form of asset-based lending that allows farmers, processors, and traders of agricultural commodities to acquire bank loans by pledging their warehouse receipts issued against commodities placed in warehouses.
Electronic warehouse receipts are issued by accredited warehouses. The receipts serve to acknowledge the quantity and quality of the produce deposited with the warehouses. On the basis of these receipts, the farmers can raise money from banks willing to accept the receipts as collateral.