2022-M05 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 M05, Credebt Exchange® held Active RSA of EUR 70.47m, with EUR 62.96m fully allocated. Investors net redemptions were EUR 1.51m in the period with trading of EUR 15.64m+ and utilised all ETR.
Treasury collections of EUR 11.57m was 35.18% less than the Traded ETR as trade eased somewhat. The Exchange performance remains ahead of all prior years by c.44.00%
Performance 2021-M05 v 2022-M05 trade reversed the April dip with year-on-year results moving back up in value by 27.98%. Volumes were down 39.65% but YTD values were up c.44.0% at EUR 63.49m v EUR 43.88m. Investors’ redemptions eased back at c.55.00% to EUR 1.51m for the month. The Credebt® Index dropped rose slightly to 76 and is showing early signs of stabilising. Total credebtors were c.6.6k+. The largest trade was another c.EUR 2.11m for supply of aggregates.
Trend Standard Yield started at c.2.136% and dropped to c.2.090% before ending flat at 2.106%. Supply is not as strong as it could be and is expected to improve. 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 * |