2018-M03 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 M03, Credebt Exchange® held RSA of EUR 252.9m, with EUR 11.24m allocated. EUR 0.60m of Investor redemptions were transacted. Trading for M03 totalled EUR 5.71m+ of trade, with all available ETR utilised.
Treasury performance at EUR 4.89m of settled ETR was marginally below the trade volumes for the month. This was a good, and almost at parity, performance for the period.
Performance 2018-M03 v 2017-M03 trade value decreased by 24.50% with volumes also down by 35.99%. This is the first time that negative overall growth has been recorded. EUR 5.71m of total trade ended 2018-Q1. The new 2018 – 2020 strategy will address a significant upturn in ETR generation in 2018-H2 and announcements are imminent. Total creditors & debtors were c.4.2k in the month. Highest single value trade was EUR 0.14m. Total RSA in the month increased 1.25% to EUR 252.9m+
TrendYield fluctuated between 2.071% and 2.121% in the month. Originator demand rose slightly in M03 and is a return to improved yield in 2018. The unstable Buy rate fluctuations during M02 were removed and ended upward at c2.110%. With the new initiatives being implemented in 2018-Q2, demand is expected to rise. RPA capacity available for use was 252.9m+
† 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 * |