2024-M07 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 M07, Credebt Exchange^® held an Active RSA of EUR 49.93m with EUR 57.55m fully allocated. Investors’ redemptions dropped in month seven to EUR 0.60m. The trading figure recorded for M07 was at EUR 13.81m. As with prior briefings, all available ETR in the market were fully utilised

Credebt Control® collections of EUR 10.30m was 25.42% against the total value of traded ETR. This will continue to be monitored in M08

Performance

Trading in 2024-M07 was EUR 84.12m and was c.12.00% higher than the EUR 70.31m recorded in 2023-M06. Volume remained down by 18.35% as the value to volume ratio continues its increase in line with higher value and quality traded ETR. Investors’ redemptions dropped in month six again to EUR 0.60m compared to EUR 1.17m last month. The Credebt® Index dropped below the 70 mean to 68 for M07. As per previous months in 2024, a construction trade was the largest trade this month at GBP 0.85m

Trend

Demand Yield started the month just under 2.110%. It continued to climb and hit its highest peak in the middle of the month at 2.132%. It fluctuated in the latter half of the month to level off at 2.123% at the end of the month. 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 M07 was EUR 49.93m.

2024 M07 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