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 67.04m, with EUR 46.78m fully allocated. Investors net redemptions were EUR 1.17m in the period with trading of EUR 10.52m+ with all ETR utilised.
Treasury collections of EUR 13.43m was 21.61%+ greater than the Traded ETR. The Exchange continues to perform well as it seeks to achieve its EUR 300.0m+ target.
Performance
2021-M02 v 2022-M02 continued into February with strong year-on-year results doubling in value. Volumes were down 28.54% but YTD values were c140.0% higher at EUR 20.14m v EUR 8.40m. Investors’ redemptions decreased significantly at EUR 1.17m down by half. The Credebt® Index also decreased by 13.00% to 80. Total credebtors remained at c.6.5k+. The largest trade was a shipping trade at EUR 790.0k
Trend
Standard Yield started at c.2.148 and dropped sharply to 2.123% and ended at 2.144%. Trade Desk continued to support the Fixed Yield at 3.000%. With bank yields of negative c.1.000%, overall Investors saw c.3.750% positive yield from ETR. Investors’ appetite for Leasabill ETR® 3-Year 4.000% held during the month. Total RSA was EUR 67.04m+
† 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