2022-M07 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 M07, Credebt Exchange® held Active RSA of EUR 80.59m, with EUR 70.07m fully allocated. Investors net redemptions were EUR 0.58m in the period with trading of EUR 18.44m+ and utilised all ETR.
Treasury collections of EUR 14.11m was c.27.00% up on the Traded ETR in June as trade increased during the month. The Exchange performance is ahead of all prior years by c.17.00%
Performance 2021-M07 v 2022-M07 trade dipped slightly for a third time but year-on-year results remain up by 17.46% at EUR 94.67m v EUR 80.460m. Volumes were down c.42.00% and Investors’ redemptions dropped c.60.00% to c.EUR 0.58m for the month. The Credebt® Index hit an historic low of 67 for the month and could track lower. Total credebtors were c.6.6k+. The largest trade was a Durban/Gdansk coal shipping trade at c.EUR 2.93m.
Trend Standard Yield started at c.2.076% and spiked downwards to c.2.012% before recovering up at 2.139%. Demand remains below where it should be with more funding needed. Bank deposit yields are at -c.1.000%, Investors saw c.3.750% yield from ETR. Investors’ appetite for Leasabill ETR® 3-Year 4.000% was down for the month. Total RSA was EUR 80.59m
† 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 * |