2016-Q4 ETR Briefing
Investabill ETR® are fixed value Exchange Traded Receivables that are loans or bills issued under contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q4, Credebt Exchange® held RSA of EUR 178.6m+, with EUR 16.3m allocated and EUR 1.38m of Investor redemptions transacted. Annual trading totalled EUR 87.6m+ of trade value with all available ETR utilised.
Treasury performance was strong and marginally ahead of trading at EUR 18.7m of settled ETR in the period.
Performance Seasonal trading in 2016-Q4 ETR resulted in trade volumes decreasing by 10.1% compared to 2016-Q3. Total creditors & debtors increased to c.3,450 with total trade of EUR 25.7m in the period. Daily volumes were down and marginally below the annual trend. Highest single value trade was in M11 at EUR 0.74m. Total RSA increased 49.3% to EUR 178.6m+
Trend Yield showed a significant increase from low of 1.554% at the start of the Quarter to 2.165% at Q/E. As predicted, this return to strong yield is due to the very strong growth of Originator RSA supply and is the first increase since the market opened in 2013. This significant increase in RPA capacity to EUR 178.6m+ will be available for use in 2017.
† Investment quality is a combination of Investment Grade [IG] organisations & other credit worthy organisations, as determined by AIG and other credit rating providers, from time to time
| BANK BORROWING | TRADE CREDEBT® | |
|---|---|---|
| No personal guarantees * | ||
| No liens/debentures * | ||
| Quick application | ||
| Quick decision | ||
| Commercial perspective | ||
| Consultative process | ||
| No credit limits | ||
| Light on administration | ||
| Quick access to cash | ||
| No exit fees * |