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-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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2020-M12 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivabless 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 18.20m, with EUR 32.38m fully allocated. Investors net redemptions were EUR 0.92m in the period with trading of EUR 7.10m+ and all ETR utilised.

Treasury collections at EUR 9.91m of settled ETR were significantly above that of Trading. Partly as a result of the lower trading levels in M011 and seasonally typical for Y/E.

Performance

2020-Y/E v 2019-Y/E trade value was 56.36% higher at c.EUR 157.95m to Y/E. Continued international trade finance deals support this business sector as it develops into 2021. Trade volumes were also 11.45% higher than the 2019 year’s results. Investors withdrawals of c.EUR 0.91m were higher than usual. The Credebt® Index decreased to 96 and remains below that of 2019. Total credebtors was c.6.2k+ and the largest single trade finance deal was EUR 0.41m.

Trend

Yield remains below its ‘ceiling’ of c1.900%. It ended at c.1.830%, dipping just below 1.800% mid-month. However, 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 18.20m+

2020-M12 ETR Briefing Trade Credebt

2020-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

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2020-M11 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 M11, Credebt Exchange® held Active RSA of EUR 17.84m, with EUR 24.80m fully allocated. Investors net redemptions were EUR 0.36m in the period with trading of EUR 14.48m+ and all ETR utilised.

Treasury collections at EUR 8.16m of settled ETR was significantly below that of Trading. Partly to be expected for seasonal reasons but still lower than is typical for M11.

Performance

2020-M11 v 2019-M11 trade value was 83.28% higher. Continued international trade finance deals support this business sector as it develops in 2020-Q4. Trade volumes were 13.33% lower than prior year results. Investors withdrawals of c.EUR 0.36m were again seasonally low. The Credebt® Index increased to 102 and remains below that of 2019. Originators may continue to draw comfort from this. Total credebtors was c.6.2k+ and EUR 0.27m was the largest trade.

Trend

Yield did not move above its ‘ceiling’ of c1.900%, starting above c.1.820% and ending at c.1.830%. The suggestion that the Exchange should intervene with a temporary boost on initial investment yields was rejected. At current bank deposit negative yields, it is c.2.250% to the positive for Investors for the near to short-term. Total RSA was EUR 17.84m+

2020-M11 ETR Briefing Trade Credebt

2020-M11 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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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

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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

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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

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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

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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

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2020-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 22.43m, with EUR 26.78m fully allocated. Investors net redemptions were EUR 0.09m in the period with trading of EUR 5.85m+ and all ETR utilised.

Treasury performance at EUR 7.00m of settled ETR was higher for a third month in a row. This stable improvement can be attributed to the decrease in trading for the month.

Performance

2020-M05 v 2019-M05 showed a decrease of 57.29% in trade volume, due to Covid-19 but overall trade value remains marginally up at 6.63%. There was less than EUR 100.0k Investor withdrawals during the month. The Credebt® Index almost hit another all-time high at 115. The market for the Exchange continues to grow in line with expectations and Originator demand continues to rise. Total creditors & debtors were c.6.0k. The largest trade in M05 was EUR 1.06m

Trend

Yield average started at c.1.879% and ended down at 1.824%. The expected price increase in Q2 has not materialised and should occur in Q3. The Credebt® Index remains high and should drive Originators’ supply. The Irish/UK markets are now in a recession and the Exchange continues to see a steady increase in trade enquiries. Available RPA was EUR 22.43m+

2020-M05 ETR Briefing Trade Credebt

2020-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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