2025-M10 Investabill® 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 M10, Credebt Exchange® reported an Active RSA of EUR 74.47m, with EUR 62.02m fully allocated. Investor redemptions increased to EUR 1.65, while trading activity for M10 totaled EUR 8.34m. Consistent with previous reports, all available ETR were fully utilised.

Credebt Control® collections totaled EUR 4.81m, representing 34.42% of the total value of traded ETR. This will continue to be monitored in M11.

Performance

In 2025-M10, trading totaled EUR 8.36m, which is c. 34.42% lower than the EUR 12.74m recorded in 2024-M10. Trading volume increased by 3.91%, while the value-to-volume ratio continued to rise, reflecting an increase in the value and quality of traded ETR. Investor redemptions decreased to EUR 1.65m in M10 more than EUR 0.71m from the previous month. The Credebt® Index was recorded at 67 for M10. Demonstrating sustained performance, the Construction sector registered the largest trade in M10 at EUR 1.18m.

Trend

ETR standard yield began the month at 2.051% and increased in the beginning of M10, reaching a high of 2.064% in the second week. It remained stable throughout the middle of M10 before decreasing in the latter half of the month, ending at 2.033%. Investor demand remains below requirements. Trade Desk continues to seek additional funding from its existing investor base. The new Equitabill ETS is expected to ‘fill the gap’ by late-2025. The total RSA recorded for M10 was EUR 74.47m.

2025 M10 ETR Briefing

† 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.