2022-M03 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 M03, Credebt Exchange® held Active RSA of EUR 66.01m, with EUR 54.72m fully allocated. Investors net redemptions were EUR 1.01m in the period with trading of EUR 16.69m+ with all ETR utilised.
Treasury collections of EUR 11.26m was 48.12% less than the Traded ETR as trade ramped up. The Exchange continues to perform well ahead of all prior years by 50.00% and more.
Performance 2021-M03 v 2022-M03 continued strong into March with year-on-year results again doubling in value. Volumes were down 27.63% but YTD values were c.100.0% higher at EUR 36.83m v EUR 18.51m. Investors’ redemptions eased somewhat to EUR 1.01m down c.13.00%. The Credebt® Index increased by 2 days to 82. Total credebtors moved up to c.6.6k+. The largest trade was in a ship demolition at c.EUR 1.63m
Trend Standard Yield started at c.2.145 and dropped overall to 2.122% before ending down at 2.134%. Trade Desk continue to support the 3.000% Fixed Yield. 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 66.01m+
† 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 * |