2021-M12 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 M12, Credebt Exchange® held Active RSA of EUR 65.96m, with EUR 47.90m fully allocated. Investors net redemptions were EUR 0.61m in the period with trading of EUR 8.13m+ and all ETR utilised.
Treasury collections at EUR 12.21m of settled ETR was 33.00%+ greater than the Traded ETR. Despite strong trading the Exchange failed to meet its EUR 225.0m budget.
Performance 2020-M12 v 2021-M12 ended with strong results some 30.00% improvement, year-on-year. Volumes were down by 40.98% but overall 2021 v 2020 was EUR 208.7m v EUR 158.5m. Investors’ withdrawals fell back to c.EUR 0.64m ending the year with many positives. The Credebt® Index increased by 1 to 99. Total credebtors remained at c.6.5k+. The largest trade was a shipping trade at EUR 1.23m
Trend Standard Yield started at c.2.107 and remained flat overall, rising slightly to end at 2.137%. Trade Desk maintained the Fixed Yield at 3.000%. With bank yields of negative c.1.000%, overall Investors saw c.3.750% positive yield from ETR. Investors’ appetite for Leasabill ETR® 3-Year 4.000% held during the month. Total RSA was EUR 65.96m+
† 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 * |