2018-M10 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 M10, Credebt Exchange® held Active RSA of EUR 94.01m, with EUR 22.89m allocated. Investors redeemed EUR 0.84m in the period and trading for M10 was EUR 10.95m+ with all available ETR were utilised.
Treasury performance at EUR 12.30m of settled ETR was well above the trade value for the month. This was due to strong Treasury management and seasonal collections.
Performance 2018-M10 v 2017-M10 continues its significant increase in trade volume of 48.48% with a return to significant improvement in the trade value of 22.59%, year-on-year. Year to date trade of EUR 105.64m improved overall growth for the Exhcange by 21.07%. Trading returned to moderate, or strong, growth for the year. Total creditors & debtors were c.4.9k. Highest single value trade was EUR 0.80m. Total trade for the Year is expected to be c.EUR 125.00+
Trend Yield remained stable for the period at 2.043% to 2.080% in the month. This narrow spread continues to be driven by the stabilised supply v demand as the year matures. The Branch Network initiative short-listed 4 candidates with some new opening announcements expected in M10. Available Active RPA capacity was EUR 93.40m+
† 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 * |