2023-M03 Investabill® 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 M03, Credebt Exchange® held
Active RSA of EUR 99.80m, with EUR 74.91m fully allocated. Investor redemptions fell to EUR 1.315m. The trading figure for the month was EUR 20.15m, with all available ETR in the market fully utilised.

Treasury collected EUR 27.18m. This equates to 34.91% above the value of the total ETR traded during the month. The Exchange performance continues to be ahead of all prior years by c.45.00%

Performance 2023-M03 v 2022-M03 was up 44.56% to continue our impressive to the year with, EUR 20.15m in M03 2023 v EUR 17.42m in M03 2022. Volumes continue to remain down by 14.94% as the value to volume ratio increases in line with higher value (and quality) traded ETR. Investors’ redemptions decreased significantly to c.EUR 1.315m. Credebt® Index decreased slightly to 75. Credebtors were c.6.7k+. A mining trade involved in the HS2 project in the UK was the single largest trade at GBP 3.29m

Trend Standard/On-Demand Yield started at 2.032% and fluctuated throughout the month before ending steady at 2.033%. Demand continues to remain below where it should be, and the Deal Desk continues to seek more funding from institutional investors. Discussions are ongoing with providers to access this funding. Bank deposit yields are increasing at 0.500% – 1.000%, but so too are the Trade Desk rates for Investors yield from ETR which averaged c.4.000% in M03. Total RSA was EUR 99.80m

2023-M03 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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