2020-M02 ETR Briefing
Investabill ETR® are fixed value Exchange Traded Receivables that are leases, monetary obligations or bills issued under contract for assets, goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at M02, Credebt Exchange® held Active RSA of EUR 25.44m, with EUR 24.24m fully allocated. Investors redeemed EUR 0.76m in the period and trading for M02 was EUR 9.36m+ with all ETR utilised.
Treasury performance at EUR 6.23m of settled ETR was noticeably below the trade for the month. This imbalance can be attributed to a significant increase in trading for the month.
Performance 2020-M02 v 2019-M02 showed a decrease in trade volume of 25.13% but a significant trade value increase of 39.69%. This is a continued good start to the year and can be attributed to the 2020 plan proving its results. The Credebt® Index of 98 makes a favourable market for the Exchange. Total creditors & debtors were c.6.0k. The largest single trade was EUR 0.19m
Trend Yield average increased to c.1.978% in the month starting at 1.952% and ending on 1.919%. This stabilised price is expected to increase in Q2/Q3 in line with Originator supply. The slight decreases in the Credebt® Index and increase in supply from Originators should see this figure remain constant until Q2/Q3. Available RPA was EUR 25.44m+
† 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 * |