Category: The Credebt Exchange® Story

Debtor Marketing

Although Debtors are third-parties to trading on Credebt Exchange®, their co-operation, input and support is important to the ongoing success of the Exchange. Initial reactions are positive…

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Volumes Exceed € 100.0m

Based on the results of initial marketing and in less than 20 days, € 100m of Exchange Traded Receivables [ETR], is available from the initial short list of Originators. Much in line with expectations, marketing will move to…

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Originators Initiative Begins

Today, contacting Originators across all market segments and industry sectors commenced.  The primary objectives are to establish detailed and specific market information on the supply of ETR and…

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Quistclose Segregated Accounts

With the assistance of the Arthur Cox, Barclays Bank formally agreed to operate quistclose segregated accounts services for Credebt Exchange® .  This protects Exchange Members…

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Arthur Cox Appointed

After many months of careful selection, Arthur Cox has been selected as legal advisors to Credebt Exchange®.  As one of Ireland’s leading law firms…

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Strategy Agreed

The three strand market strategy was finalised today by the interim executive committee.  Resulting from this, several strategic appointments were agreed…

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Danske Bank appointed

Today, the decision was taken to appoint Danske Bank as bankers to Credebt Exchange® Limited …

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Deloitte appointed

Today, Deloitte were appointed to provide audit, financial advice, risk management, tax services and trading system validation services to Credebt Exchange® Limited …

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First System Release

The first Credebt Exchange® test system was delivered today with testing to commence early in July.  Security will be protected using Digi-Access™ two factor …

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System Architecture

The overall architecture of Credebt Exchange® is finalised ready for production and line programming.  The system’s language, structure, design, flow and detailed specifications are all completed…

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