2022-M11 ETR Briefing
Investabill ETR® are fixed value Exchange 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 M11, Credebt Exchange® held Active RSA of EUR 91.90m, with EUR 64.62m fully allocated. Investors net redemptions were EUR 3.01m in the period with trading of EUR 23.63m+ and utilised all ETR.
Treasury collections of EUR 25.91m was just above the total value of ETR traded during the month. The Exchange performance remains ahead of all prior years by c.0.971%
Performance 2021-M11 v 2022-M11 was down 14.39% and resulted in year-on-year results being ahead by 0.97% ahead at EUR 178.62m in 2022 v 2021 at EUR 176.91m. Volumes also remain down by c.12.69% and Investors’ redemptions spiked again by 1.5x to c.EUR 3.01m. Credebt® Index almost hit the average at 78 days. Credebtors were c.6.7k+. A livestock export from New Zealand to China was the largest single trade at c.EUR 7.45m against an L/C confirmed by AIB.
Trend Standard/On-Demand Yield started at c.2.077% and dipped to 2.034% in the middle of the month before ending at c.2.069%. Demand continues to remain below where it should and more funding is required. Bank deposit yields are at 0.000%-0.500%, with the Trade Desk rates for Investors yield from ETR in M11 averaging c.3.000%. Total RSA was EUR 91.90m
† 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 *|
|No credit limits|
|Light on administration|
|Quick access to cash|
|No exit fees *|