2021-M04 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 M04, Credebt Exchange® held Active RSA of EUR 17.64m, with EUR 23.93m fully allocated. Investors net redemptions were EUR 0.41m in the period with trading of EUR 13.16m+ and all ETR utilised.
Treasury collections at EUR 11.69m of settled ETR was in line with that of Trading. A continued strong improvement in origination indicating a repeat of 2020’s performance overall.
Performance 2020-M04 v 2021-M04 shows a very strong doubling in trade value at c.EUR 13.16m and 1,012 in volumes. This continues to show that year-on-year, 2021-04 performance is only 6.643% off 2020-04’s results. Unlike March, Investors’ withdrawals eased to c.EUR 0.41m and is more consistent with prior years. The Credebt® Index dropped sharply to a decent 90. Total credebtors was c.6.3k+ with the largest single trade finance deal at EUR 1.21m
Trend Yield started at c.1.766% and was artificially boosted by the Exchange to end at 2.061%. This boost was to specifically introduced to increase Investor funds in May. With negative bank yields of c.1.000% it make the c.2.750% positive from ETR good for Investors in the short-term market. Leasabill ETR® 2-Year has been postponed to H2. Total RSA was EUR 17.64m+
† 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 * |