Demand 3.500%
Demand - yielding 3.500% PA, This is the on-demand alternative to bank deposits that have been the basis for Investabill® for the past 10 years.
Fixed 4.250%
Fixed - yielding 4.250% PA, Funds committed for 12 months and if withdrawn prior to term, all interest accrued is automatically lost.
Term 15.00%
Term – yielding 15.00%, Funds committed for 3 years, i.e. 36 calendar months and if withdrawn prior to term, all interest accrued is automatically lost.

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

Other briefings

  • 2018-M11 ETR Briefing

    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%...

  • 2020-M02 ETR Briefing

    2020-M02 v 2019-M02 showed a decrease in trade volume of 25.13% but a significant trade value increase of 39.69%. This is a continued good start to the year and can be attributed to the 2020 plan proving its results. The Credebt® Index of 98 makes…

  • 2020-M03 ETR Briefing

    2020-M03 v 2019-M03 showed a slight decrease in trade volume of 8.17% but a continued trade value increase of 14.32%. Covid-19 impacted Investor withdrawals but trading continues to strengthen favourably as the Credebt® Index hit 117. The market for the Exchange continues...

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