2018-M02 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables that are loans or bills issued under contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at M02, Credebt Exchange® held RSA of EUR 249.7m, with EUR 12.85m allocated. EUR 1.43m of Investor redemptions were transacted. Trading for M01 totalled EUR 7.21m+ of trade, with all available ETR utilised.

Treasury performance at EUR 3.53m of settled ETR was very much below the trade volumes for the month. This was a poor performance for the period and is a seasonal ‘overflow’.

Performance

2018-M02 v 2017-M02 trade value decreased by 3.56% and trade volumes were also down by 12.64% in the period. This is below the average annual growth rate of c.40.00%+. Total trade of EUR 7.21 continues to be an unimpressive start to 2018. The current medium to strong production pipeline has not yet improved the overall performance. Total creditors & debtors dropped back to c.4,000 in the month. Highest single value trade was EUR 0.24m. Total RSA in the month increased 0.95% to EUR 249.7m+

Trend

Yield fluctuated between 2.079% and 2.122% in the month. Originator demand continued to be static in M02 and is a poor start to the Year. The upward swing in Buy rates during M01 fell back in M02 and ended at c2.110%. Supply is still expected to rise in 2018-Q1 as supply lines mature. Current RPA capacity available for use in 2018 is 249.7m+

2018-M02 ETR Briefing Trade Credebt

2018-M02 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

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