2022-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 70.47m, with EUR 63.10m fully allocated. Investors net redemptions were EUR 3.42m in the period with trading of EUR 11.02m+ and utilised all ETR.
Treasury collections of EUR 8.09m was 36.18% less than the Traded ETR as trade eased somewhat. The Exchange performance remains ahead of all prior years by c.50.00%.
Performance 2021-M04 v 2022-M04 trade eased back in April with year-on-year results showing down in value. Volumes were down 16.21% but YTD values were up c.50.0% at EUR 47.85m v EUR 31.66m. Investors’ heavy redemptions at EUR 3.42m were up by c.2.5 x. The Credebt® Index dropped to 73 for the first time in 2+ years. Total credebtors were c.6.6k+. The largest trade was the c.EUR 1.99m aggregates supply for the HS2.
Trend Standard Yield started at c.2.127 and peaked at 2.160% before ending flat at 2.129%. Trade Desk continued 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 70.47m+
† 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 * |