Category: Investor Briefings & Information

Trading methods, portfolio & investment performance news for Retail & Institutional Investors
IMPORTANT INVESTOR NOTICE:- The articles in this section should not be read in isolation. Credebt Exchange® will only accept direct investment from qualified, professional Investors and all investors, regardless of circumstance, are advised to consult a qualified financial advisor or accountant. All Investors should read and understand the ETR Overview and associated links, information, contracts and the Master Agreement before deciding to invest in, and purchase ETR.

2021-M10 ETR 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 M10, Credebt Exchange® held Active RSA of EUR 67.65m, with EUR 53.94m fully allocated. Investors net redemptions were EUR 2.17m in the period with trading of EUR 22.14m+ and all ETR utilised.

Treasury collections at EUR 19.09m of settled ETR was c.16.00% less than the Traded ETR. Continued strong trading moves toward the possibility of meeting the 2021 budget.

Performance

2020-M10 v 2021-M10 continues to be strong and greater in value by some 66.42%. Volumes was significantly down by 47.39% and overall 2021 YTD v 2020 trade is up 17.23%. Another spike in Investors’ withdrawals at c.EUR 2.17m as more moved from Investabill® to Leasabill®. The Credebt® Index jumped back up to 106. Total credebtors rose c.6.5k+. The largest trade was a shipping grain trade at EUR 3.71m

Trend

Standard Yield started again at c.2.089%, increased and grew steadily ending the month on 2.119%. Trade Desk maintained the Fixed Yield at 3.000%. With bank yields of negative c.1.000%, overall Investors saw c.3.750% positive yield from ETR. Investors appetite for Leasabill ETR® 3-Year 4.000% rose during the month. Total RSA was EUR 67.65m+

2021-M10 ETR Briefing Trade Credebt

2021-M10 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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2021-M09 ETR 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 M09, Credebt Exchange® held Active RSA of EUR 68.28m, with EUR 41.80m fully allocated. Investors net redemptions were EUR 0.95m in the period with trading of EUR 29.76m+ and all ETR utilised.

Treasury collections at EUR 32.96m of settled ETR was up 9.700% more than the Traded ETR. Strong trading has now broken through the 2020 Y/E results as growth continues.

Performance

2020-M09 v 2021-M09 continues to be strong and greater in value by some 227.01%. Volumes were slightly higher by 3.913% and overall 2021 YTD v 2020 trade is up 11.49%. There was an easing in Investors’ withdrawals at c.EUR 0.95m as more of them moved out of Investabill® into Leasabill®. The Credebt® Index dropped from a high of 111 back to 95. Total credebtors remained at c.6.4k+. The largest trade was another shipping grain trade at EUR 3.70m

Trend

Standard Yield started at c.2.089%, increased to 2.103% and ended at low of 2.075% for the month. Trade Desk pushed the yield to a flat 3.000% in September where it remained throughout. With bank yields of c.1.000%, overall Investors saw c.3.750% positive yield from ETR. The Leasabill ETR® 3-Year 4.000% remained slow. Total RSA was EUR 68.28m+

2021-M09 ETR Briefing Trade Credebt

2021-M09 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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2021-M08 ETR 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 M08, Credebt Exchange® held Active RSA of EUR 67.69m, with EUR 45.98m fully allocated. Investors net redemptions were EUR 1.29m in the period with trading of EUR 17.36m+ and all ETR utilised.

Treasury collections at EUR 17.36m of settled ETR was 22.55% less than the ETR Traded. Strong trading continues to suggest that an increase on 2020’s Y/E results is possible.

Performance

2020-M08 v 2021-M08 remained strong and was greater in value by some 31.00%. Volumes may have been lower but overall 2021 YTD v 2020 shows 2021 lower by less than 7.000%. There was an uncharacteristic increase in Investors’ withdrawals at c.EUR 1.29m as they moved out of Investabill® into Leasabill®. The Credebt® Index increased significantly from 86 to 111. Total credebtors remained at c.6.4k+. The largest trade was again in shipping at EUR 1.32m

Trend

Yield started in August at c.2.100%, increased and peaked at 2.118% and ended at low of 2.089% for the month. The continued negative bank yields of c.1.000% makes an overall c.2.750% positive yield from ETR good for any short-term Investor. The Leasabill ETR® 3-Year market attracted moderate Investors’ interest. Total RSA was EUR 67.69m+

2021-M08 ETR Briefing Trade Credebt

2021-M08 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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2021-M07 ETR 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 Active RSA of EUR 17.18m, with EUR 31.82m fully allocated. Investors net redemptions were EUR 0.56m in the period with trading of EUR 22.07m+ and all ETR utilised.

Treasury collections at EUR 27.55m of settled ETR was c.25.00% ahead of Trading. Consistently strong trading suggests that an increase on 2020’s Y/E results is possible.

Performance

2020-M07 v 2021-M07 remained strong but failed to beat the value of PPE trades in July of 2020. Although trade volumes were up by c.7.00%, year-on-year 2021-H1 v. 2020-H1 is behind by almost 8.000%. Investors’ withdrawals remain stable and consistent at c.EUR 0.56m. The Credebt® Index again decreased slightly to 86 and is c.30.00% lower than 2020-07. Total credebtors remained at c.6.4k+. The largest trade was in shipping at EUR 3.20m

Trend

Yield started in July at c.2.091% and continued the overall increase from June ending at 2.105% for the month. Continued negative bank yields of c.1.000% makes an overall c.2.750% positive yield from ETR good for any short-term Investor. The Leasabill ETR® 3-Year market re-opened with limited results for the month. Total RSA was EUR 17.18m+

2021-M07 ETR Briefing Trade Credebt

2021-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

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2021-M06 ETR 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 M06, Credebt Exchange® held Active RSA of EUR 17.36m, with EUR 44.46m fully allocated. Investors net redemptions were EUR 0.41m in the period with trading of EUR 14.52m+ and all ETR utilised.

Treasury collections at EUR 9.68m of settled ETR was below that of Trading. The continued strong improvement in origination indicates an increase on 2020’s Y/E results.

Performance

2020-M06 v 2021-M06 remains strong and repeats an almost equal and comparatively strong month in terms of value and volume. Overall year-on-year, 2021-H1 performance is c.15.00% ahead of 2020-H1’s results. Investors’ withdrawals remain stable at c.EUR 0.41m and is consistent with prior years. The Credebt® Index decreased slightly to 87 and is c.35.00% lower than 2020-06. Total credebtors was c.6.4k+. The largest trade was EUR 1.23m

Trend

Yield started at c.2.084% as the mid-point with yields alternating either side of that from 2.075% to 2.095% for the month. With negative bank yields of c.1.000% it makes the c.2.750% positive from ETR good for Investors in the short-term market. Leasabill ETR® 3-Year market will re-open in August as shipping assets grow. Total RSA was EUR 17.36m+

2021-M06 ETR Briefing Trade Credebt

2021-M06 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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2021-M05 ETR 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 Active RSA of EUR 17.43m, with EUR 35.97m fully allocated. Investors net redemptions were EUR 0.57m in the period with trading of EUR 12.22m+ and all ETR utilised.

Treasury collections at EUR 12.57m of settled ETR was in line with that of Trading. The continued strong improvement in origination indicates a likely increase on 2020’s Y/E results.

Performance

2020-M05 v 2021-M05 remains strong and continues to double trade value by 108.9% and volumes up by c.66.00% too. This continues to show that year-on-year, 2021-05 performance is ahead 2020-05’s results by 17.50%. Investors’ withdrawals stabilised at c.EUR 0.57m and is consistent with prior years. The Credebt® Index increased slightly to 96 but c.16.00% lower than 2020-05. Total credebtors was c.6.3k+ with the largest single trade finance deal at EUR 1.67m

Trend

Yield started at c.2.077% and move unpredictably before settling at 2.083%. The artificial boost from 2021-M04 increased Investor inflow by 4:1 in M05. With negative bank yields of c.1.000% it makes the c.2.750% positive from ETR good for Investors in the short-term market. Leasabill ETR® 2-Year remains postponed until H2. Total RSA was EUR 17.43m+

2021-M05 ETR Briefing Trade Credebt

2021-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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2021-M04 ETR 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 M04, Credebt Exchange® held Active RSA of EUR 17.64m, with EUR 23.93m fully allocated. Investors net redemptions were EUR 0.41m in the period with trading of EUR 13.16m+ and all ETR utilised.

Treasury collections at EUR 11.69m of settled ETR was in line with that of Trading. A continued strong improvement in origination indicating a repeat of 2020’s performance overall.

Performance

2020-M04 v 2021-M04 shows a very strong doubling in trade value at c.EUR 13.16m and 1,012 in volumes. This continues to show that year-on-year, 2021-04 performance is only 6.643% off 2020-04’s results. Unlike March, Investors’ withdrawals eased to c.EUR 0.41m and is more consistent with prior years. The Credebt® Index dropped sharply to a decent 90. Total credebtors was c.6.3k+ with the largest single trade finance deal at EUR 1.21m

Trend

Yield started at c.1.766% and was artificially boosted by the Exchange to end at 2.061%. This boost was to specifically introduced to increase Investor funds in May. With negative bank yields of c.1.000% it make the c.2.750% positive from ETR good for Investors in the short-term market. Leasabill ETR® 2-Year has been postponed to H2. Total RSA was EUR 17.64m+

2021-M04 ETR Briefing Trade Credebt

2021-M04 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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2021-M03 ETR 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 M03, Credebt Exchange® held Active RSA of EUR 18.54m, with EUR 23.16m fully allocated. Investors net redemptions were EUR 1.85m in the period with trading of EUR 10.11m+ and all ETR utilised.

Treasury collections at EUR 9.21m of settled ETR was in line with that of Trading. A strong improvement in origination is showing early signs of repeating 2020’s performance overall.

Performance

2020-M03 v 2021-M03 although a considerable improvement, it is still the wrong side of 2020’s numbers w/ trade value 17.64% lower. This is a preliminary sign of the Year softening favourably but volumes are still off by c.30.00%. Investors’ withdrawals of c.EUR 1.85m were unusually high for the time of year. The Credebt® Index rose to 121 and remains above 2020 levels. Total credebtors was c.6.3k+ with the largest single trade finance deal at EUR 0.59m

Trend

Yield remains below c.1.800%. Starting at c.1.737%, it continued upward throughout the month and ended on 1.766%. Negative bank yields of c.1.000% make the c.2.250% positive from ETR good for Investors in the short-term market. Leasabill ETR® 2-Year at 2.750% has been moved to mid-late 2021-Q2. With total RSA was EUR 18.54m+

2021-M03 ETR Briefing Trade Credebt

2021-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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2021-M02 ETR 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 M02, Credebt Exchange® held Active RSA of EUR 17.46m, with EUR 22.51m fully allocated. Investors net redemptions were EUR 0.33m in the period with trading of EUR 3.98m+ and all ETR utilised.

Treasury collections at EUR 9.05m of settled ETR were almost treble that of Trading. Poor origination dogs the Trade Floor for a second month with strong receipts being the result.

Performance

2020-M02 v 2021-M02 continues to disappoint as the Winter ends w/ trade value down 57.44%. The poor start to the Year hardens the c.26.49% drop in Trade volumes too. Origination struggles to continue its strong 2020 Y/E. c.EUR 0.33m of Investors’ withdrawals was generally sluggish to slow. The Credebt® Index rose slightly at 105 and is above that of 2020 levels too. Total credebtors was c.6.3k+ and the largest single trade finance deal was EUR 0.23m

Trend

Yield remains below its ‘ceiling’ of c.1.900%. Starting at c.1.865%, it continued down throughout the month and ended on 1.727%. Negative bank yields of c.1.000% make the c.2.250% positive from ETR good for Investors in the short-term market. Leasabill ETR® 2-Year at 2.750% has been moved to mid-late 2021-Q2. With total RSA was EUR 17.46m+

2021-M02 ETR Briefing Trade Credebt

2021-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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2021-M01 ETR 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 M01, Credebt Exchange® held Active RSA of EUR 18.38m, with EUR 27.02m fully allocated. Investors net redemptions were EUR 0.15m in the period with trading of EUR 4.42m+ and all ETR utilised.

Treasury collections at EUR 8.38m of settled ETR were almost double that of Trading. Not unusual for January but overall lower trading levels certainly impacted this result.

Performance

2020-M01 v 2021-M01 disappointing beginning to the year with trade value down 62.42%. Slow, sleepy start to the Year with a c.30.00% drop in Trade volumes too. Overall poor start to 2021, particularly after the strong ending recorded in 2020. Investors’ withdrawals of c.EUR 0.15m are in line with prior years. The Credebt® Index remains at 96 and below that of 2019 too. Total credebtors was c.6.2k+ and the largest single trade finance deal was EUR 0.23m.

Trend

Yield remains below its ‘ceiling’ of c.1.900%. It ended at c.1.858%, dipping just below 1.820% earlier in the month. With bank deposits’ negative yields of c.1.000%, it remains c.2.250% to the positive for Investors for the near to short-term. To boost Investor returns, a 2-Year Leasabill® at 2.750% will open in 2021-H1. Total RSA was EUR 18.38m+

2021-M01 ETR Briefing Trade Credebt

2021-M01 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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