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.

2019-M08 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M08, Credebt Exchange® held Active RSA of EUR 23.17m, with EUR 25.82m allocated. Investors redeemed EUR 0.28m in the period and trading for M08 was EUR 6.65m+ with all available ETR utilised.

Treasury performance at EUR 5.02m of settled ETR was marginally below the trade value for the month. Seasonality affected both trade and collections in the period.

Performance

2019-M08 v 2018-M08 showed a continued decrease in trade volume of 43.93% with a significant drop in trade value of more than 18.35% in the month. As the availability of SME trade credit continues to increase, the overall year-on-year decrease for the Exchange showed c.EUR 65.08 traded year to date. This sharp decline for 2019-M08 is also as a result of seasonality. Total creditors & debtors were c.5.3k. The largest single trade was EUR 0.20m

Trend

Yield continued the downward trend from July with the period ending at a new annual low of 1.917%. This is driven by seasonality and deepening market concerns on Brexit. The yield decrease is predicted to drop even further in H2 as the supply v demand imbalance continues. Available active RPA capacity was EUR 23.17m+

2019-M08 ETR Briefing Trade Credebt

2019-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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2019-M07 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M07, Credebt Exchange® held Active RSA of EUR 32.92m, with EUR 22.43m allocated. Investors redeemed EUR 1.31m in the period and trading for M07 was EUR 9.93m+ with all available ETR utilised.

Treasury performance at EUR 6.52m of settled ETR was significantly below the trade value for the month. Unstable trading in the month over shadowed repayments.

Performance

2019-M07 v 2018-M07 showed a decrease in trade volume of 9.29% with a significant drop in trade value of more than 33.87% in the month. Total trade for the year was EUR 54.60m showing an overall year-on-year decrease for the Exchange of c.16.84%. Trading for 2019-M07 showed an overall stagnant, to declining, position for the year to date. Total creditors & debtors were 5.2k+. The largest single value trade was in July with a value of EUR 0.45m

Trend

Yield remained generally stable for the period at 2.021% to 2.076% in the month with a sharp decrease at month end. This is driven by seasonality and continued market concerns on Brexit. The yield decrease is predicted to drop further in H2 as the supply v demand imbalance widens. Available active RPA capacity was EUR 32.92m+

2019-M07 ETR Briefing Trade Credebt

2019-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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2019-M06 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M06, Credebt Exchange® held Active RSA of EUR 47.48m, with EUR 22.10m allocated. Investors redeemed EUR 0.71m in the period and trading for M06 was EUR 6.89m+ with all available ETR utilised.

Treasury performance at EUR 4.52m of settled ETR was significantly below the trade value for the month. Unstable trading in the month over shadowed repayments.

Performance

2019-M06 v 2018-M06 showed the same trade volume of but with a significant drop in trade value of more than 32.65% in the month. Total trade for the year was EUR 47.87m showing an overall year-on-year decrease for the Exchange of c.5.46%. Trading for 2019-M06 showed an overall stagnant, to declining, position for the year to date. Total creditors & debtors were 5.1k+. The largest single value trade in the month had a value of EUR 0.20m

Trend

Overall, yield remained generally stable for the period at 2.062% to 2.092% in the month with an overall declining trend. This is driven by increased demand from Investors that is not being matched by Originator supply. This yield decrease trend is predicted to drop further in H2. Available active RPA capacity was 47.48m+

2019-M06 ETR Briefing Trade Credebt

2019-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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2019-M05 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M05, Credebt Exchange® held Active RSA of EUR 51.16m, with EUR 22.28m allocated. Investors redeemed EUR 0.48m in the period and trading for M05 was down 31.31% at c.EUR 8.66m with all ETR utilised.

Treasury performance was EUR 12.44m of settled ETR and was significantly higher than the trade value for the month. Trading in the month was less than demand and collections.

Performance

2019-M05 v 2018-M05 continued to show an increase in trade volume of 35.07% and a continued decline in the trade value that was down by 31.31%, year-on-year. Total trade for the year-to-date was EUR 37.77m showing a decrease of 6.49% for the Exchange. Trading ended down showing a year-on-year decline to date. Total creditors & debtors were c.5.1k. Highest single value trade was EUR 0.32m. Total trade for the Year was EUR 37.77m

Trend

Yield decline continued for the period starting at 2.167% and ending the month at 2.095%. This overall narrow spread remains driven by the decline in supply v demand as the year progresses. The Branch Network initiative has not performed as projected and is being monitored closely. Active RPA capacity declined by 39.63% to EUR 51.16m+

2019-M05 ETR Briefing Trade Credebt

2019-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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2019-M04 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M04, Credebt Exchange® held Active RSA of EUR 66.58m, with EUR 20.63m allocated. Investors redeemed EUR 0.18m in the period and trading for M04 was c.EUR 7.62m with all available ETR utilised.

Treasury performance at EUR 7.05m of settled ETR was again on par with the trade value for the month. Stabilised trading in the month was equal to demand and repayments.

Performance

2019-M04 v 2018-M04 continued to show an increase in trade volume of 20.67% and a continued decline in the trade value that was down by 13.41%, year-on-year. Total trade for the year-to-date was EUR 29.12m showing an increase of 4.76% for the Exchange. Trading ended up showing year-on-year growth to date. Total creditors & debtors were 5.0k+. Highest single value trade was EUR 0.20m. Total trade for the Year was EUR 29.12m

Trend

Yield decline slightly for the period starting at 2.175% and ending the month at 2.154%. This overall narrow spread remains driven by the stabilised supply v demand as the year progresses. The Branch Network initiative has removed one Local Branches with new opening postponed to Q4. Available Active RPA capacity was EUR 74.53m+

2019-M04 ETR Briefing Trade Credebt

2019-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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2019-M03 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M03, Credebt Exchange® held Active RSA of EUR 70.53m, with EUR 20.43m allocated. Investors redeemed EUR 0.28m in the period and trading for M03 was EUR 9.24m+ with all available ETR utilised.

Treasury performance at EUR 9.38m of settled ETR was marginally above the trade value for the month. Stabilised trading in the month meant demand equalled repayments.

Performance

2019-M03 v 2018-M03 showed a strong increase in trade volume of 43.03% with a very strong improvement in the trade value that increased by 68.32%, year-on-year. Total trade for the year was EUR 21.50m showing an overall increase for the Exchange of c.70.00%. Trading for 2019-Q1 showed a strong return to growth for the year to date. Total creditors & debtors were 5.0k+. Highest single value trade was EUR 1.08m

Trend

Yield remained generally stable for the period at 2.139% to 2.177% in the month with sharp increases and decreases driven by market concerns on Brexit (it is thought). This narrow spread continues to be driven by the stabilised supply v demand as the year moves toward Q2. Available Active RPA capacity was EUR 70.53m+

2019-M03 ETR Briefing Trade Credebt

2019-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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2019-M02 ETR Briefing

Investabill ETR® are fixed value Exchange Receivables 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 M02, Credebt Exchange® held Active RSA of EUR 74.17m, with EUR 12.26m allocated. Investors redeemed EUR 0.29m in the period and trading for M02 was EUR 6.34m+ with all available ETR utilised.

Treasury performance at EUR 5.27m of settled ETR was almost on par with the trade value for the month. Stabilised trading in the month equalling demand and repayments.

Performance

2019-M02 v 2018-M02 continued to show an increase in trade volume of 16.86% with a disimprovement in the trade value that was down by 8.36%, year-on-year. Total trade for the year so far was EUR 12.26m showing a decline for the Exchange of 8.36%. Trading ended down year-on-year growth for the year to date. Total creditors & debtors were 5.0k+. Highest single value trade was EUR 0.18m. Total trade for the Year was EUR 12.26m

Trend

Yield remained stable for the period at 2.101% to 2.162% in the month. This narrow spread continues to be driven by the stabilised supply v demand as the year begins. The Branch Network initiative has appointed two Local Branches with new opening announcements expected in H2. Available Active RPA capacity was EUR 74.17m+

2019-M02 ETR Briefing Trade Credebt

2019-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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2019-M01 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M01, Credebt Exchange® held Active RSA of EUR 76.68m, with EUR 22.08m allocated. Investors redeemed EUR 0.63m in the period and trading for M01 was EUR 5.92m+ with all available ETR utilised.

Treasury collections performance at EUR 7.90m of settled ETR was greater than trade value for the month. Trading for the month was largely below demand and repayments.

Performance

2019-M01 v 2018-M01 continued its significant increase in trade volume by 67.25% but with a disimprovement in the trade value that was down by 10.13%, year-on-year. Total trade for the month was EUR 5.93m and was below expectations. Disappointing beginning to 2019 that is expected to change by Q/E. Total creditors & debtors were c.5.0k. Highest single value trade was EUR 0.21m. Total trade for the period was EUR 5.93m

Trend

Yield increased by 10bps in the period rising from 2.044% to 2.141% in the month. As a narrow spread this continues to be driven by the stabilised supply v demand as the year begins. The Branch Network initiative has opened its first Local Branches with the second Branch opening in M02. Available Active RPA capacity was EUR 76.68m+

2019-M01 ETR Briefing Trade Credebt

2019-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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2018-M12 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 Y/E, Credebt Exchange® held Active RSA of EUR 79.21m, with EUR 20.63m allocated. Investors redeemed EUR 0.86m in the period and trading for M12 was EUR 8.62m+ with all available ETR utilised.

Treasury performance at EUR 7.96m of settled ETR was in line with the trade value for the month. Stabilised trading during the month roughly equalled demand and repayments.

Performance

2018-M12 v 2017-M12 continued its significant increase in trade volume by 116.52% with a return to significant improvement in the trade value up by 31.55%, year-on-year. Total trade for the Year was EUR 126.27m showing annual growth for the Exchange of 22.59%. Trading ended with moderate, to strong, growth for the year. Total creditors & debtors were c.5.0k. Highest single value trade was EUR 0.43m. Total trade for the Year was EUR 126.27m

Trend

Yield remained stable for the period at 2.046% to 2.086% in the month. This narrow spread continues to be driven by the stabilised supply v demand as the year ended. The Branch Network initiative has appointed two Local Branches with new opening announcements expected in 2019. Available Active RPA capacity was EUR 79.21m+

2018-M12 ETR Briefing Trade Credebt

2018-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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2018-M11 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables 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 M11, Credebt Exchange® held Active RSA of EUR 89.30m, with EUR 21.45m allocated. Investors redeemed EUR 0.25m in the period and trading for M11 was EUR 9.17m+ with all available ETR were utilised.

Treasury performance at EUR 8.41m of settled ETR was in line with the trade value for the month. Stabilised trading during the month roughly equalled demand and repayments.

Performance

2018-M11 v 2017-M11 continues its significant increase in trade volume of 50.44% with a return to significant improvement in the trade value of 19.57%, year-on-year. Year to date trade of EUR 111.65m improved overall growth for the Exchange by 26.27%. Trading returned to moderate, or strong, growth for the year. Total creditors & debtors were c.4.9k. Highest single value trade was EUR 0.21m. Total trade for the Year is expected to be c.EUR125.00+

Trend

Yield remained stable for the period at 2.077% to 2.129% in the month. This narrow spread continues to be driven by the stabilised supply v demand as the year comes to an end. The Branch Network initiative has appointed to Local Branches with some new opening announcements expected in 2019. Available Active RPA capacity was EUR 89.30m+

2018-M11 ETR Briefing Trade Credebt

2018-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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