2019-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 Active RSA of EUR 70.53m, with EUR 20.43m allocated. Investors redeemed EUR 0.28m in the period and trading for M03 was EUR 9.24m+ with all available ETR utilised.
Treasury performance at EUR 9.38m of settled ETR was marginally above the trade value for the month. Stabilised trading in the month meant demand equalled repayments.
Performance 2019-M03 v 2018-M03 showed a strong increase in trade volume of 43.03% with a very strong improvement in the trade value that increased by 68.32%, year-on-year. Total trade for the year was EUR 21.50m showing an overall increase for the Exchange of c.70.00%. Trading for 2019-Q1 showed a strong return to growth for the year to date. Total creditors & debtors were 5.0k+. Highest single value trade was EUR 1.08m
Trend Yield remained generally stable for the period at 2.139% to 2.177% in the month with sharp increases and decreases driven by market concerns on Brexit (it is thought). This narrow spread continues to be driven by the stabilised supply v demand as the year moves toward Q2. Available Active RPA capacity was EUR 70.53m+
† 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 * |