Category: The Credebt Exchange® Story

2018-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 RSA of EUR 287.7m, with EUR 16.52m allocated. EUR 0.61m of Investor redemptions were transacted. Trading for M05 totalled EUR 12.72m+ and all available ETR were utilised.

Treasury performance at EUR 7.78m of settled ETR was well below the trade volumes for the month. This was due to a significant uptake in trade hence the large difference.

Performance

2018-M05 v 2017-M05 although trade volume decreased by 13.00%, trade value increased by almost 40.00%. The negative growth that ended Q1 has been reversed and trading continues good growth and strength. The new 2018 – 2020 strategy has been publicised and will address a significant upturn in ETR generation in 2018-H2. Total creditors & debtors were c.4.4k in the month. Highest single value trade was EUR 1.26m. Total RSA in the month increased 1.25% to EUR 287.8m+

Trend

Yield fluctuated between 2.100% and 2.123% in the month. This narrow spread was driven by a stabilisation in supply v demand as the effects of Q1 dissipate. With the recent Branch Network initiative being implemented and being launched in 2018-Q2, demand is expected to rise significantly. RPA capacity available for use was 287.8m+

2018-M05 ETR Briefing Trade Credebt

2018-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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2018-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 RSA of EUR 261.2m, with EUR 16.40m allocated. EUR 0.65m of Investor redemptions were transacted. Trading for M04 totalled EUR 9.06m+ of trade, with all available ETR utilised.

Treasury performance at EUR 5.04m of settled ETR was significantly below the trade volumes for the month. This was due to the 40.00%+ surge in trading volumes. During M05 this will level out as performance stabilises.

Performance

2018-M04 v 2017-M04 trade value increased significantly by 41.26% to EUR 9.06m although volumes were down by 20.79%. The negative growth from M03 was also reversed as trading continues to grow. The new 2018 – 2020 strategy will address a significant upturn in ETR generation in 2018-H2 with the launch of the Branch Network. Total creditors & debtors were c.4.3k in the month. Highest single value trade was EUR 0.70m. Total RSA in the month increased 3.30% to EUR 261.2m+

Trend

Yield fluctuated between 2.103% and 2.146% in the month. Originator demand rose significantly in M04 and will bring improved yield in 2018-H2. The unstable Buy rate fluctuations during M04 returned and ended down at c2.103%. With the Branch Network being implemented in 2018-Q2, demand is expected to rise. RPA capacity was 261.2m+

2018-M04 ETR Briefing Trade Credebt

2018-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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2018-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 RSA of EUR 252.9m, with EUR 11.24m allocated. EUR 0.60m of Investor redemptions were transacted. Trading for M03 totalled EUR 5.71m+ of trade, with all available ETR utilised.

Treasury performance at EUR 4.89m of settled ETR was marginally below the trade volumes for the month. This was a good, and almost at parity, performance for the period.

Performance

2018-M03 v 2017-M03 trade value decreased by 24.50% with volumes also down by 35.99%. This is the first time that negative overall growth has been recorded. EUR 5.71m of total trade ended 2018-Q1. The new 2018 – 2020 strategy will address a significant upturn in ETR generation in 2018-H2 and announcements are imminent. Total creditors & debtors were c.4.2k in the month. Highest single value trade was EUR 0.14m. Total RSA in the month increased 1.25% to EUR 252.9m+

Trend

Yield fluctuated between 2.071% and 2.121% in the month. Originator demand rose slightly in M03 and is a return to improved yield in 2018. The unstable Buy rate fluctuations during M02 were removed and ended upward at c2.110%. With the new initiatives being implemented in 2018-Q2, demand is expected to rise. RPA capacity available for use was 252.9m+

2018-M03 ETR Briefing Trade Credebt

2018-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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2018-M02 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 M02, Credebt Exchange® held RSA of EUR 249.7m, with EUR 12.85m allocated. EUR 1.43m of Investor redemptions were transacted. Trading for M01 totalled EUR 7.21m+ of trade, with all available ETR utilised.

Treasury performance at EUR 3.53m of settled ETR was very much below the trade volumes for the month. This was a poor performance for the period and is a seasonal ‘overflow’.

Performance

2018-M02 v 2017-M02 trade value decreased by 3.56% and trade volumes were also down by 12.64% in the period. This is below the average annual growth rate of c.40.00%+. Total trade of EUR 7.21 continues to be an unimpressive start to 2018. The current medium to strong production pipeline has not yet improved the overall performance. Total creditors & debtors dropped back to c.4,000 in the month. Highest single value trade was EUR 0.24m. Total RSA in the month increased 0.95% to EUR 249.7m+

Trend

Yield fluctuated between 2.079% and 2.122% in the month. Originator demand continued to be static in M02 and is a poor start to the Year. The upward swing in Buy rates during M01 fell back in M02 and ended at c2.110%. Supply is still expected to rise in 2018-Q1 as supply lines mature. Current RPA capacity available for use in 2018 is 249.7m+

2018-M02 ETR Briefing Trade Credebt

2018-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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2018-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 RSA of EUR 247.4m, with EUR 11.50m allocated. EUR 1.43m of Investor redemptions were transacted. Trading for M01 totalled EUR 6.71m+ of trade, with all available ETR utilised.

Treasury performance at EUR 5.00m of settled ETR was slightly below the trade volumes for the month. This is a better than expected performance for this time of year.

Performance

2018-M01 v 2017-M01 trade value increased 4.04% whilst trade volumes decreased by 29.47% in the period. This is below the average annual growth rate of c.40.00%+. Total trade of EUR 6.71 is a ‘slow’ and unimpressive start to 2018. The current medium to strong production pipeline is expected to improve overall performance. Total creditors & debtors rose significantly to 4,200 in the month. Highest single value trade was EUR 0.16m. Total RSA in the month increased 0.49% to EUR 247.4m+

Trend

Yield fluctuated between 2.076% and 2.130% in the month. Originator demand was static in M01 with a slow and unimpressive start to the Year however Buy rates are indicating an upward swing ending at 2.130%. Supply should also rise in 2018-Q1 as supply lines mature. Current RPA capacity available for use in 2018 is 247.4m+

2018-M01 ETR Briefing Trade Credebt

2018-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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2017-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 M12, Credebt Exchange® held RSA of EUR 246.2m, with EUR 12.29m allocated. EUR 0.35m of Investor redemptions were transacted. Trading for M12 totalled EUR 6.56m+ of trade, with all available ETR utilised.

Treasury performance at EUR 3.61m of settled ETR was significantly below the trade volumes for the month. This is seasonal and will improve as the value in trade stabilises.

Performance

2017-M12 v 2016-M12 trade value and trade volumes in the period significant decreases of 35.17% and 21.80% respectively. This is below the average annual growth rate of c.50.00%+. However, with total trade of EUR 103.6m, 2017 was a strong year. Total creditors & debtors increased to over 3,800 in the month with total trade of EUR 6.56m. Highest single value trade was EUR 0.15m. Total RSA in the month also increased 3.55% to EUR 246.2m+

Yield fluctuated between 2.085% and 2.129% in the month. Originator demand decreased in M12 due to seasonality with prices finishing out the Year at 2.115%. An increase in supply is expected in 2018-Q1 as developed supply lines mature along with new ETR product enhancements. Current RPA capacity available for use in 2018 is 246.2m+

2017-M12 ETR Briefing Trade Credebt

2017-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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2017-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 RSA of EUR 237.7m, with EUR 13.24m allocated. EUR 0.97m of Investor redemptions were transacted. Trading for M11 totalled EUR 9.47m+ of trade, with all available ETR utilised.

Treasury performance at EUR 7.10m of settled ETR was marginally below the trade volumes for the month. This is compatible with increased value in trade and will continue.

Performance

2017-M11 v 2016-M11 trade value in the period showed a 18.7% decrease. This is below the average annual growth rate of c.30.00%+. 2017-M11 trade volumes were down by -37.60% versus 2016-M11. Total creditors & debtors increased to over 3,775 in the month with total trade of EUR 9.47m. Highest single value trade was EUR 0.60m. Total RSA in the month also increased 3.35% to EUR 237.7m+

Trend

Yield fluctuated between 2.064% and 2.117% in the month. Originator demand is expected to decrease in M12 and Y/E due to seasonality with prices expected to finish out the Year at c.2.100%. An increase in supply is expected in 2018-Q1 as developed supply lines mature. Current RPA capacity available for use in 2017 is 237.7m+

2017-M11 ETR Briefing Trade Credebt

2017-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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2017-M10 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 M10, Credebt Exchange® held RSA of EUR 231.1m, with EUR 15.73m allocated. EUR 1.11m of Investor redemptions were transacted. Trading for M10 totalled EUR 8.93m+ of trade, with all available ETR utilised.

Treasury performance at EUR 4.80m of settled ETR was below the trade volumes for the month. This is in line with increased value in trade and is expected to continue.

Performance

2017-M10 v 2016-M10 trade value in the period showed a 14.08% increase. This is below the average annual growth rate of c.65.00%+. 2017-M10 trade volumes were down by -30.17% on 2016-M10. Total creditors & debtors increased to over 3,750 in the month with total trade of EUR 8.93m. Highest single value trade was EUR 0.20m. Total RSA in the month also increased 1.01% to EUR 231.1m+

Trend

Yield fluctuated between 2.066% and 2.117% in the month. Originator demand is expected to decrease in M11/12 due to seasonality with prices expected to finish out at c.2.200% by Y/E. An increase in supply is expected in 2018-Q1 as developed supply lines mature. Current RPA capacity available for use in 2017 is 231.1m+

2017-M10 ETR Briefing Trade Credebt

2017-M10 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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2017-M09 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 M09, Credebt Exchange® held RSA of EUR 227.7m, with EUR 16.33m allocated. EUR 0.13m of Investor redemptions were transacted. Trading for M09 totalled EUR 9.86m+ of trade, with all available ETR utilised.

Treasury performance at EUR 4.91m of settled ETR was below the trade volumes for the month. This is an line with increased value in trade and is expected to continue.

Performance

2017-M09 v 2016-M09 trade value in the period showed a 38.54% increase. This is below the average annual growth rate of 70.00%+. 2017-M09 trade volumes were down by -23.73% on 2016-M09. Total creditors & debtors increased to c.3,700 in the month with total trade of EUR 9.86m. Highest single value trade was EUR 0.20m. Total RSA in the month also increased 0.75% to EUR 227.7m+

Trend

Yield fluctuated between 2.013% and 2.113% in the month. Originator demand is expected to increase again in Q4 and prices were expected to rise in M10/M11. If this increase in supply continues, it will be the second rise in this Year. Current RPA capacity available for use in 2017 is EUR 227.7m+

2017-M09 ETR Briefing Trade Credebt

2017-M09 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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2017-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 RSA of EUR 226.0m, with EUR 18.85m allocated. EUR 0.14m of Investor redemptions were transacted. Trading for M08 totalled EUR 8.93m+ of trade, with all available ETR utilised.

Treasury performance at EUR 4.33m of settled ETR was below the trade volumes for the month.

Performance

2017-M08 v 2016-M08 trade value in the period showed a 13.41% increase. This is below the average annual growth rate of 70.00%+. 2017-M08 trade volumes were down by -20.39% on 2016-M07. Total creditors & debtors increased to c.3,600 in the month with total trade of EUR 8.93m. Highest single value trade was EUR 0.26m. Total RSA in the month also increased 5.42% to EUR 226.0m+

Trend

Yield fluctuated between 1.995% and 2.071% in the month. Originator demand is expected to increase again in M09 and prices were expected to rise in M09/M10. If this increase in supply continues, it will be the second rise in this Year. Current RPA capacity available for use in 2017 is EUR 226.0m+

2017-M08 ETR Briefing Trade Credebt

2017-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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