2018-M08 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 M08, Credebt Exchange® held Active RSA of EUR 96.62m, with EUR 17.66m allocated. Investors redeemed EUR 0.27m in the period and trading for M08 was EUR 14.19m+ with all available ETR were utilised.
Treasury performance at EUR 9.48m of settled ETR was still below the trade value for the month. This was due to continued strong Originator trading versus settled trades.
Performance 2018-M08 v 2017-M08 continues its significant increase in trade volume of 31.37% with a strong upward swing of 50.74% in trade value, year-on-year. Total trade of EUR 14.19m for M08 improved overall growth for the year of 23.75%. Trading continues to show moderate to strong growth for the year. Total creditors & debtors were c.4.8k. Highest single value trade was EUR 1.99m. Total trade for the Year increased 20.81% to EUR 83.73m+
Trend Yield remained stable for the period at 2.043% to 2.083% in the month. This narrow spread continues to be driven by the stabilised supply v demand as the year matures. The Branch Network initiative expects to see appointments in this quarter/Q3 with opening announcements expected in M09/M10. Available Active RPA capacity was 96.62m+
† 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 * |