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 of M09, Credebt Exchange® reported an Active RSA of EUR 43.63m, with EUR 55.49m fully allocated. Investor redemptions decreased to EUR 0.34m, while trading activity for M09 totaled EUR 9.10m. Consistent with previous reports, all available ETR in the market were fully utilised.
Credebt Control® collections amounted to EUR 3.58m, representing 60.66% of the total value of traded ETR. This will continue to be monitored in M10
Performance
In 2024-M09, trading totaled EUR 100.81m, which is c. 33.00% lower than the EUR 150.26m recorded in 2023-M09. Trading volume declined by 29.73%, while the value-to-volume ratio continued to rise, reflecting an increase in the value and quality of traded ETR. Investor redemptions decreased in September to EUR 0.34m, down from EUR 0.65m the previous month. The Credebt® Index rose to a mean of 69 payment days for M09 compared to 68 days in M08. A construction trade was the largest in M09 at GBP 1.82m
Trend
Demand yield began the month at just under 2.124% and remained stable during the first half of M09. It reached its lowest point in the middle of the month at 2.120%. In the latter half, it rose sharply, peaking at 2.147% before declining to finish at 2.141%. Demand remains below expectations, prompting the Trade Desk to seek additional funding from institutional investors. The new Exchange Traded Securities (ETS) are anticipated to fulfill the market’s demand for regulated products while still providing solid competitive returns. The total RSA recorded for M09 was EUR 43.63m
† 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