2024-M05 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 M05, Credebt Exchange® held an Active RSA of EUR 51.88m with EUR 72.75m fully allocated. Investor redemptions rose to EUR 1.62m in M05 and the trading figure recorded for the period was at EUR 9.65m. As with prior briefings, all available ETR in the market were fully utilised.

Credebt control collections of EUR 11.30m was 17.06% below the total value of ETR traded so far this year.

Performance

Trading in 2023-M05 was recorded at EUR 82.73m v EUR 60.21m in 2024-M05, which decreased by 27.22% for May of 2024. Our volumes remained down by 33.43% as the value to volume ratio continues its increase in line with higher value (and quality) traded ETR. Investors’ redemptions rose in month 5 to EUR 1.62m compared to EUR 0.90m last month. The Credebt® Index decreased to normal to 68 for M05. As per previous months in 2024, a construction trade was the largest trade this month at GBP 2.56m

Trend

Demand Yield started at just below 2.100% and began to drop at the start of M05. It hit the lowest rate at just under 2.080% in the middle of the month. It began to climb back up towards the end of the month ending at 2.101%. Demand continues to remain below where it should be and the Trade Desk continues to seek more funding from institutional investors. The new Exchange Traded Securities [ETS] are expected to meet the market’s demand for regulated products whilst still offering solid competitive returns. The total RSA recorded for M05 was EUR 51.88m.

2024-M05 Investabill® Briefing Trade Credebt

2024 M05 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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