Category: The Credebt Exchange® Story

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

More Posts Like This

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

More Posts Like This

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

More Posts Like This

2020-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 18.04m, with EUR 26.93m fully allocated. Investors net redemptions were EUR 0.56m in the period with trading of EUR 13.31m+ and all ETR utilised.

M10 Treasury collections at EUR 14.85m of settled ETR was c.11.10% ahead of Trading. Treasury is collecting faster than the Trade Desk is trading. A good indicator of performance.

Performance

2020-M10 v 2019-M10 trade value is 67.92% higher. More international trade finance deals occurring as this new business sector develops in 2020-Q4. Trade volumes were on par with prior year results. Monthly withdrawals by Investors were seasonally low at c.EUR 0.56m. The Credebt® Index remained stable at 92 and remains in line with 2019. Originators continue to draw comfort from this. Total credebtors was c.6.2k+ and EUR 3.39m was the largest trade.

Trend

Yield continues its refusal to move above its ‘ceiling’, starting above 1.800% and ending the period slightly above 1.820%. Investor yield remains low and it is expected that the Exchange will intervene with a temporary ‘Year-1 Bonus’ to boost initial investment yields in 2021. International trade finance remains a trading focal point. Total RSA was EUR 18.04m+

2020-M10 ETR Briefing Trade Credebt

2020-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

More Posts Like This

2020-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 18.84m, with EUR 27.92m fully allocated. Investors net redemptions were EUR 0.26m in the period with trading of EUR 9.10m+ and all ETR utilised.

M09 Treasury at EUR 11.17m of settled ETR was ahead of trading as the larger value trades from M07 settled. These results are a strong sign that Treasury is performing well.

Performance

2020-M09 v 2019-M09 continues its strong increase in trade value of 68.09% as more PPE trades washed through the system and new business sectors are developed. Trade volumes continued to remain low. Monthly withdrawals by Investors were low at c.EUR 0.26m. The Credebt® Index recovered by almost 25.00% to 88 and returns to 2019 levels. Originators should draw good comfort from this. Total credebtors was c.6.2k. EUR 0.23m was the largest trade.

Trend

Yield continues to disappoint, starting above 1.860% and ending the period below the 1.800% mark. Despite trade remaining strong, the Investor yield remains low. The Exchange must execute new market strategies rather than relying on speculative PPE trades. A strong focus on international trade finance is seen as the solution. RSA was EUR 19.71m+

2020-M09 ETR Briefing Trade Credebt

2020-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

More Posts Like This

2020-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 19.71m, with EUR 24.50m fully allocated. Investors net redemptions were EUR 0.73m in the period with trading of EUR 13.24m+ and all ETR utilised.

M08 Treasury performance at EUR 12.74m of settled ETR was in line with Trading after the larger than usual trade values from M07. Collections are now in line and on par with trading.

Performance

2020-M08 v 2019-M08 again saw an increase in trade value of almost 100.00% as more of the PPE trades washed through the system. At the same time, Trade volumes continued to remain low. Investor monthly withdrawals were higher than usual at c.EUR 0.73m. The Credebt® Index eased back by six days to 118 as the Exchange continues its projected growth. Total credebtors were c.6.1k. The largest single value trade was EUR 2.27m (again, this was on PPE equipment).

Trend

Yield made a slight gain to the positive starting at c.1.825% and ending the period over 1.840%. Even allowing for seasonality, trade remained strong and Investor yield remains low and stable. Recessionary markets saw the Exchange continue its new market strategies to sustain its strong performance in international trade finance. RSA was EUR 19.71m+

2020-M08 ETR Briefing Trade Credebt

2020-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

More Posts Like This

2020-M07 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 20.15m, with EUR 25.41m fully allocated. Investors net redemptions were EUR 0.09m in the period with trading of EUR 37.30m+ and all ETR utilised.

M07 Treasury performance at EUR 28.84m of settled ETR although very much larger than normal, was still substantially below Trading that was also significantly larger than usual.

Performance

2020-M07 v 2019-M07 saw a dramatic increase in trade value of c.275.00%, as the coronavirus PPE equipment trades spiked. At the same time, Trade volumes remained low. Investor monthly withdrawals were very light at c.EUR 90.0k. The Credebt® Index eased back to 124 as the Exchange experienced unprecedented growth. Total credebtors were c.6.0k. The largest single trade was EUR 3.67m (on PPE equipment).

Trend

Yield, although erratic within tight bands of between c.1.800% and 1.835% remained flat overall for the month at 1.815%. Although recovery and trade are very strong, Investor yield remains low and stable. Recessionary markets means the Exchange must continue its new market strategies to sustain its strong performance. Available RPA was EUR 20.15m+

2020-M07 ETR Briefing Trade Credebt

2020-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

More Posts Like This

2020-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 22.54m, with EUR 22.69m fully allocated. Investors net redemptions were EUR 0.24m in the period with trading of EUR 14.65m+ and all ETR utilised.

M06 Treasury performance at EUR 11.27m of settled ETR was below trading that was very brisk. This improvement in trading for the month will take time for Treasury to recover.

Performance

2020-M06 v 2019-M06 showed a sharp increase in trade value of 21.83%, as the coronavirus lockdown eased. Trade volumes remained in a downward trend. Investor monthly withdrawals at c.EUR 0.24m were ‘normal’. Another all-time high Credebt® Index at 134. The Exchange has returned to strong growth as predicted. Total credebtors were c.6.0k. The largest trade was EUR 2.46m (on a PPE equipment trade).

Trend

Yield average started at c.1.850% and ended down at 1.821% and was ‘flat’ on M05. Although recovery and trade are strong, Investor yield has not yet risen. With markets in a recession the Exchange continues to seek and see a steady increase in new market, trade enquiries. Available RPA was EUR 22.54m+

2020-M06 ETR Briefing Trade Credebt

2020-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

More Posts Like This

2020-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 32.78m, with EUR 23.90m fully allocated. Investors redeemed EUR 0.20m in the period and trading for M01 was EUR 8.85m+ with all ETR utilised.

Treasury performance at EUR 7.14m of settled ETR was almost at parity for the month. This balance can be attributed to an overall levelling of trade as we enter the New Year.

Performance

2020-M01 v 2019-M01 showed an increase in trade volume of 13.31% and also a substantial trade value increase of 35.37%. This is a good start to a new decade and can be attributed to the 2020 plan proving its results. The Credebt® Index of 109 makes a favourable market for the Exchange. Total creditors & debtors were c.6.0k. The largest single trade was EUR 0.38m

Trend

Yield average increased to c.1.934% in the month starting at 1.940% and ending on 1.958%. This stabilised price is expected to increase in Q2/Q3 in line with Originator supply. The increases in the Credebt® Index and in supply from Originators should see this figure remain constant until later in the year. Available RPA capacity was EUR 32.78m+

2020-M01 ETR Briefing Trade Credebt

2020-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

More Posts Like This

2019-M12 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M12, Credebt Exchange® held Active RSA of EUR 32.13m, with EUR 31.96m fully allocated. Investors redeemed EUR 0.56m in the period and trading for M12 was EUR 11.82m+ with all ETR utilised.

Treasury performance at EUR 6.80m of settled ETR was still below the trade value for the month. Seasonality and new Originators are the primary reason for the wide variance.

Performance

2019-M12 v 2018-M12 showed a decline in trade volume of -50.57% but with a substantial trade value increase easing of 39.49%. This reversal of fortune can be attributed to the 2020 plan beginning to show results. The Credebt® Index of 112 makes a favourable market for the Exchange. Y/E total trade was c.EUR 100.88m. Total creditors & debtors were c.5.4k. The largest single trade was EUR 0.96m

Trend

Yield average increased to c.1.940% in the month starting at 1.924% and ending on 1.927%. A decisive Brexit has helped stabilise the price. The increases in the Credebt® Index and in demand from Originators should see this figure stabilise at c.1.900% – 2.000% as the Year closes and the 2020 plan unfolds. Available active RPA capacity was EUR 32.13m+

2019-M12 ETR Briefing Trade Credebt

2019-M12 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