2022-M09 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 M09, Credebt Exchange® held Active RSA of EUR 75.37m, with EUR 78.82m fully allocated. Investors net redemptions were EUR 0.96m in the period with trading of EUR 15.78m+ and utilised all ETR.
Treasury collections of EUR 10.40m was c.33.00% less than the value of ETR traded during the month. The Exchange performance remains ahead of all prior years by c.6.60%
Performance 2021-M09 v 2022-M09 trade dopped off by almost 50.00% and reversed the year-on-year results to just 6.60% at EUR 135.55m in 2022 v EUR 127.17m for 2021. Volumes remain down by c.40.00% and Investors’ redemptions spiked again by doubling to c.EUR 0.96m. Credebt® Index disappointed at 70 days. Total credebtors were c.6.7k+. The largest trade was a South Africa/Poland coal freight trade at c.EUR 2.43m.
Trend Standard/On-Demand Yield started at c.2.075% and, removing the spike below 2.000%, ended the month at c.2.036%. Demand continues to remain below where it should be with more funding required. Bank deposit yields are at zero/0.000%, and with the Trade Desk rates for Investors as it sought to improve demand, yield from ETR in M09 remained at c.3.750% to M/E. Total RSA was EUR 41.73m
† 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 * |