Category: Blog

Year-2 Success Continues

Credebt Exchange completed its second full year’s trading on Friday last, 2015-07-03 and continues to prosper. Continued, careful, prudent management of supply and demand enabled the Exchange to manage an orderly market whilst meeting both Originator and Investor expectations as published. From the outset, the management of Credebt Exchange stuck to its principal aims of of ensuring Investor funds are protected at all times and that Investors’ yield is delivered. Coupled with this core objective, the Exchange also ensured that intelligent finance was delivered to Originators and Investors alike.

Building on its continued success, multiple management roles were added and filled with overall staffing levels increasing by 300%+ in the first half of 2015. In addition, a board was formally appointed in Q2 of 2015 that will sit formally, for the first time in Q3 of 2015. To date, Board appointments are not officially published and once announced, the primary function of the Board will be to oversee risk and compliance. To ensure open communication and transparency, Treasury will report directly to the Board on a monthly basis without any executive management input. This is specifically designed to ensure proper and adequate controls remain at the centre of Exchange policy and practices.

As can be seen from the 2015-Q2 Briefing, demand and supply quarter-on-quarter growth rates in excess of 160%. Intermediaries demonstrated continued support for Credebt Exchange® with increased Investor funding combined with many Investors deciding to re-invest both their principal and yield for a third year. New Intermediary appointments are expected to double those of 2014.

Originators continue to seek out Credebt Exchange Convertibill™ intelligent, handsfree finance specifically because of its ease of use and swift execution service provision. During 2015-Q2 Originators from wide and diverse industry cross-sections continued to join the Exchange with particular interest from retail, medical, services and import oriented businesses. During the Summer months, it is expected that Originators will increase by another 20%+ with a total of 100% growth in new Originators expected before year-end.

Credebt Exchange continues to demonstrated its flexibility and capability and looks forward to strong expansion during its third year of trading.

More Posts Like This

2015-Q2 ETR Briefing

Investabills are fixed value Exchange Traded Receivables [ETR], that are loans or bills issued under contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q2, Credebt Exchange®  held RSA of EUR 54.3m+, with EUR 9.9m allocated and EUR 0.63m Investor redemptions requested. 2-Years trading celebrated with EUR 43.0m+ ETR trades and all available ETR utilised.

Treasury management almost achieved parity with ETR settled at EUR 9.9m, or 99.5% of all outstanding trades.

Performance

2015-Q2 continued strong growth in ETR trade with an increase of 19.9%. Total Creditors & Debtors numbered 930+ with a total YTD trade of EUR 19.4m. Daily volume increased by 59.1% on the previous quarter. Highest single value trade was in June at EUR 0.28m. Total current RSA are valued at EUR 54.3m+

Trend

Yield trending downwards from an average of 3.52% and is expected to average 3.25% in Q3. Volumes increased by 59.1% with continued strong Originator supply expected for 2015. Additional capacity for RPA in excess of EUR 52.3m+ is expected in H2 with new institutional demand of EUR 10.0m remaining confirmed during the quarter (subject to contract).

2015-Q2 ETR Briefing Trade Credebt

2015-Q2 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

More Posts Like This

2015-Q1 ETR Briefing

Exchange Traded Receivables [ETR], are loans or bills, the “Investabills”, issued under Contract and such Investabill are payable by investment quality† companies, or credit insured Investabills from Investment Grade [IG] insurers. As at Q1, Credebt Exchange®  held RSA of EUR 36.1m, with EUR 6.5m allocated and EUR 0.2m Investor redemptions requested. The full spectrum of available ETR was utilised.

Strong treasury management continues to improve ETR settlement to EUR 5.4m, or 83% of all outstanding trades.

Performance

2015-Q1 started considerably stronger with an overall trade increase of 19.9%. Total Debtors numbered 560+ with a total trade of EUR 6.7m. Daily volume increased by 95.3% on the previous quarter. Highest single value trade was in November at EUR 0.24m. Total current RSA are valued at EUR 36.1m+

Trend

Yield remained stable for the quarter at an average of 3.42%. Originator trading volumes increased by 95.3% with continues strong Originator supply expected for 2015. Additional capacity for RPA in excess of EUR 50.0m+ are expected in 2015 with new institutional demand of EUR 20.0m remaining confirmed during the quarter (subject to contract).

2015-Q1 ETR Briefing Trade Credebt

2015-Q1 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

More Posts Like This

Credebt Exchange

Since its foundation in 2011, Credebt Exchange® has been purchasing invoices on a revolving basis from Originators that are members of the Exchange. These invoice, or Exchange Traded Receivables [ETR], are payable by the Originators’ customers, or Debtors.

Effective 16 January 2015, Credebt Exchange Limited, with company registration number IE501210, officially changed its name to Credebt Exchange Limited. Credebt Exchange will continue the Credebt Exchange business model and will add a new product that pays Originators’ suppliers, or Creditors, too. The improved business model of paying Creditor invoices and purchasing Debtor invoices, led to the creation of the word: Credebt.

This blended business model is called Convertibill™ and is designed to further enhance cash flow for the Credebt Exchange Originators whilst also reducing their overall cost of funds. This is achieved by enabling Originators to offer their suppliers ‘payment on demand’ for a nominal discount. The discount is then offset against the cost of selling their customer invoices.

Over the coming months, wherever the Credebt Exchange name appears, it will be replaced by Credebt Exchange. Both new and existing Credebt Exchange Originators will be invited to avail of the payment on demand service for their suppliers and to continue sell their customer invoices using the Convertibill™ product offering.

During 2015-Q1, the Credebt Exchange extended product offering for Investors will be marketed under the product name Investabill™. As a sophisticated financial marketplace that facilitates the sale and purchase of Loans or Bills as Exchange Traded Receivables [ETR] or Investabills™. These ETR Investabills™ will continue to trade and generate the working capital Originators require.

More Posts Like This

2014-Q4 ETR Briefing

Exchange Traded Receivables [ETR], are loans or bills, the “Investabills”, issued under Contract and such Investabill®  are payable by investment quality† companies, or credit insured Investabills from Investment Grade [IG] insurers. As at Q4, Credebt Exchange® held RSA of EUR 23.6m, with EUR 5.6m allocated and EUR 0.2m Investor redemptions requested. The full spectrum of available ETR was utilised.

Strong treasury management continues to improve ETR settlement to EUR 4.9m, or 78% of all outstanding trades.

Performance

2014-Q4 was the fourth quarter and first full year of trading for the Exchange. Total Debtors numbered 480+ with a total trade of EUR 18.8m to Y/E. Daily volume increased by 16% on the previous quarter. Highest single value trade was in November at EUR 0.18m. Total current RSA are valued at EUR 23.6m+

Trend

Yield remained stable for the quarter at an average of 3.47%. Originator trading volumes increased by 16% with continues strong Originator supply expected for 2015. Additional capacity for RPA in excess of EUR 50.0m+ are expected in 2015 with new institutional demand of EUR 10.0m remaining confirmed during the quarter (subject to contract).

2014-Q4 ETR Briefing Trade Credebt

2014-Q4 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

More Posts Like This

2014-Q3 ETR Briefing

Exchange Traded Receivables [ETR], are invoices issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q3, Credebt Exchange® held RSA of €21.8m, with €5.5m allocated and €0.6m Investor redemptions requested in the quarter. The full spectrum of available ETR was utilised.

Further Treasury improvement on ETR settlement at €4.4m, or 79% of all outstanding trades during the period. There continues to be no delinquent ETR recorded to date. Market conditions remain favourable and stable for 2014 to Y/E.

Performance

2014-Q3 was the third quarter of normal trading for Credebt Exchange®. Debtors increased to 390+ with the total trade value of €13.1m YTD. Daily volumes increased by 17% on the previous quarter, 2014-Q2. Highest single value trade was in July at € 0.38m. Total current RSA are valued at € 21.8m+.

Trend

Yield remained stable for the quarter at an average of 3.614%. Originator trading volumes increased by 17% with strong Originator supply expected during 2014-Q4. Additional capacity for RSA in excess of €13.5m+ is expected in 2014-Q4 with new institutional Investor demand of €10.0m remains confirmed during the quarter (subject to contract).

2014-Q3 ETR Briefing Trade Credebt

2014-Q3 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

More Posts Like This

Irish Times Investor Article

2014-09-23 Irish Times – Investors can capitalise on companies’ need for cash
Options for decent returns on investments are thin on the ground. Buying invoices is becoming more attractive.  Getting a risk-free return may never have been more difficult for investors. Read more…
Fiona Reddan ©Irish Times 2014 Read on Irish Times website

More Posts Like This

Barclays Bank appointed

Today, after of four months preparation, Barclays Bank will act as the corporate bankers to Credebt Exchange®…

More Posts Like This

100+ Retail Investors

Today the Exchange received funds from it’s one hundreth Retail Investor. In just twelve months since the first RSA/RPA Trade was executed, achieving 100+ Retail Investors demonstrates a strong appetite from the retail investment community for strong, short term cash-equivalents such as ETR….

More Posts Like This

2014-Q2 ETR Briefing

Exchange Traded Receivables [ETR], are invoices issued under contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q2, Credebt Exchange® held RSA of €19.6m, with €4.7m allocated and €0.5m Investor redemptions requested in the quarter. The full spectrum of available ETR was utilised.

Strong treasury continues to improve ETR settlement at €3.0m, or 68% of all outstanding trades during the period. There continues to be no delinquent ETR recorded to date. Market conditions remain favourable and stable for 2014.

Performance

2014-Q2 was the fourth quarter of trading for Credebt Exchange®. Total Debtors numbered 350+ with a total trade value of € 12.2m to date. Daily volume increased marginally on the previous quarter, 2014-Q1. Highest single value trade was in June at € 0.17m. Total current RSA are valued at € 19.6m+

Trend

Yield trend stabilised early in the quarter at an average of 3.607%. Originator trading volumes increased slightly with strong Originator supply expected during 2014-Q3. Additional capacity for RSA in excess of €20.0m+ is expected in 2014-H2 with new institutional Investor demand of €10.0m confirmed during the quarter (subject to contract).

2014-Q2 ETR Briefing Trade Credebt

2014-Q2 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

More Posts Like This