2022-M06 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 M06, Credebt Exchange® held Active RSA of EUR 79.74m, with EUR 67.10m fully allocated. Investors net redemptions were EUR 1.34m in the period with trading of EUR 12.73m+ and utilised all ETR.
Treasury collections of EUR 9.01m was c.40.00% less than the Traded ETR as trade eased slightly in the month. The Exchange performance is ahead of all prior years by c.30.00%
Performance 2021-M06 v 2022-M06 trade dipped slightly for a second time but year-on-year results remain up by 30.51% at EUR 76.22m v EUR 58.40m. Volumes were down c.40.00% and Investors’ redemptions remained level at c.EUR 1.34m for the month. The Credebt® Index rose slightly again to 79 and appears to have stabilised. Total credebtors were c.6.6k+. The largest trade was in aggregates at c.EUR 2.34m for the third time since the beginning of 2022.
Trend SStandard Yield started at c.2.106% and spiked downwards to c.2.055% before recovering down at 2.084%. Supply remains below where it could be and improvement is needed. With bank yields of negative c.1.000%, Investors saw c.3.750% yield from ETR. Investors’ appetite for Leasabill ETR® 3-Year 4.000% was down the month. Total RSA was EUR 79.74m+
† 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 * |