2021-M08 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 M08, Credebt Exchange® held Active RSA of EUR 67.69m, with EUR 45.98m fully allocated. Investors net redemptions were EUR 1.29m in the period with trading of EUR 17.36m+ and all ETR utilised.
Treasury collections at EUR 17.36m of settled ETR was 22.55% less than the ETR Traded. Strong trading continues to suggest that an increase on 2020’s Y/E results is possible.
Performance 2020-M08 v 2021-M08 remained strong and was greater in value by some 31.00%. Volumes may have been lower but overall 2021 YTD v 2020 shows 2021 lower by less than 7.000%. There was an uncharacteristic increase in Investors’ withdrawals at c.EUR 1.29m as they moved out of Investabill® into Leasabill®. The Credebt® Index increased significantly from 86 to 111. Total credebtors remained at c.6.4k+. The largest trade was again in shipping at EUR 1.32m
Trend Yield started in August at c.2.100%, increased and peaked at 2.118% and ended at low of 2.089% for the month. The continued negative bank yields of c.1.000% makes an overall c.2.750% positive yield from ETR good for any short-term Investor. The Leasabill ETR® 3-Year market attracted moderate Investors’ interest. Total RSA was EUR 67.69m+
† 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 * |