2021-M09 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 M09, Credebt Exchange® held Active RSA of EUR 68.28m, with EUR 41.80m fully allocated. Investors net redemptions were EUR 0.95m in the period with trading of EUR 29.76m+ and all ETR utilised.
Treasury collections at EUR 32.96m of settled ETR was up 9.700% more than the Traded ETR. Strong trading has now broken through the 2020 Y/E results as growth continues.
Performance 2020-M09 v 2021-M09 continues to be strong and greater in value by some 227.01%. Volumes were slightly higher by 3.913% and overall 2021 YTD v 2020 trade is up 11.49%. There was an easing in Investors’ withdrawals at c.EUR 0.95m as more of them moved out of Investabill® into Leasabill®. The Credebt® Index dropped from a high of 111 back to 95. Total credebtors remained at c.6.4k+. The largest trade was another shipping grain trade at EUR 3.70m
Trend Standard Yield started at c.2.089%, increased to 2.103% and ended at low of 2.075% for the month. Trade Desk pushed the yield to a flat 3.000% in September where it remained throughout. With bank yields of c.1.000%, overall Investors saw c.3.750% positive yield from ETR. The Leasabill ETR® 3-Year 4.000% remained slow. Total RSA was EUR 68.28m+
† 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 * |