Category: The Credebt Exchange® Story

2017-M07 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 M07, Credebt Exchange® held RSA of EUR 214.4m, with EUR 13.88m allocated. EUR 0.81m of Investor redemptions were transacted. Trading for M07 totalled EUR 8.09m+ of trade, with all available ETR utilised.

Treasury performance at EUR 6.43m of settled ETR was below the trade volumes for the month.

Performance

2017-M07 v 2016-M07 trade value in the period showed a 4.63% increase. This is below the average annual growth rate of 70.00%+. 2017-M06 trade volumes were down by -24.25% on 2016-M07 volumes. Total creditors & debtors increased to c.3,500 in the month with total trade of EUR 8.09m. Highest single value trade was EUR 0.20m. Total RSA in the month also increased 2.23% to EUR 214.4m+

Trend

Yield fluctuated between 2.067% and 2.139% in the month. Originator demand is expected to increase again in M09 and prices were expected to rise in M08/M09. 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 214.4m+

2017-M07 ETR Briefing Trade Credebt

2017-M07 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-M06 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 M06, Credebt Exchange® held RSA of EUR 212.7m, with EUR 14.88m allocated. EUR 0.65m of Investor redemptions were transacted. Trading for M06 totalled EUR 10.48m+ of trade, with all available ETR utilised.

Treasury performance at EUR 6.99m of settled ETR was below the trade volumes for the month.

Performance

2017-M06 v 2016-M06 trade value in the period showed a 8.74% increase. This is below the average annual growth rate of 70.00%+. 2017-M06 trade volumes were down by-4.252% on 2016-M06 volumes. Total creditors & debtors increased to c.3,500 in the month with total trade of EUR 10.48m. Highest single value trade was EUR 2.24m. Total RSA in the month also increased 2.18% to EUR 212.7m+

Trend

Yield fluctuated between 2.087% and 2.133% in the month. Originator demand is expected to increase again in M07 and prices were expected to rise in M07/M08. 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 212.7m+

2017-M06 ETR Briefing Trade Credebt

2017-M06 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-M05 ETR Briefing

Investabill ETR® are fixed value Exchange Trade 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 210.9m, with EUR 15.49m allocated. EUR 0.91m of Investor redemptions were transacted. Trading for M05 totalled EUR 9.16m+ of trade, with all available ETR utilised.

Treasury performance at EUR 3.88m of settled ETR was significantly below the trade volumes for the month.

Performance

2017-M05 v 2016-M05 trade value in the period showed a 60.85% increase. This is below the average annual growth rate of 70.00%+. 2017-M05 trade volumes were up by 3.126% on volumes from 2016-M04. Total creditors & debtors increased to c.3,400 in the month with total trade of EUR 9.16m. Highest single value trade was EUR 0.27m. Total RSA in the month also increased 2.18% to EUR 210.9m+

Trend

Yield fluctuated between 2.013% and 2.202% in the month. Originator demand is expected to increase again in M06 and prices were expected to rise in M06/M07. 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 210.9m+

2017-M05 ETR Briefing Trade Credebt

2017-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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2017-M04 ETR Briefing

Investabill ETR® are fixed value Exchange Trade 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 206.4m, with EUR 14.38m allocated. EUR 0.91m of Investor redemptions were transacted. Trading for M04 totalled EUR 6.41m+ of trade, with all available ETR utilised.

Treasury performance at EUR 4.25m of settled ETR was significantly below the trade volumes for the month.

Performance

2017-M04 v 2016-M04 trade value in the period showed a 54.55% increase. This is below the average annual growth rate of 70.00%+. 2017-M04 trade volumes were consistent with volumes in 2016-M04. Total creditors & debtors increased to c.3,350 in the month with total trade of EUR 6.41m. Highest single value trade was EUR 0.20m. Total RSA in the month also increased 2.64% to EUR 206.4m+

Trend

Yield fluctuated between 2.156% and 2.213% in the month. Originator demand is expected to increase in M05 and prices are expected to rise by M06. If this increase in supply occurs, it will be the second rise in this Year. Current RPA capacity available for use in throughout 2017 is EUR 206.4m+

2017-M04 ETR Briefing Trade Credebt

2017-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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2017-Q1 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 Q1, Credebt Exchange® held RSA of EUR 201.1m, with EUR 15.07m allocated and EUR 3.14m of Investor redemptions transacted. Trading for Q1 totalled EUR 21.18m+ of trade value with all available ETR utilised.

Treasury performance at EUR 10.15m of settled ETR was significantly below the trade volumes for the period.

Performance

2017-Q1 v 2016-Q1 trade value in the period showed a 63.94% increase. However, a somewhat ‘slow start’ to trading in 2017-Q1 still resulted in trade volumes decreasing by 7.38% compared to 2016-Q1. Total creditors & debtors decreased to c.3,250 in the period with total trade of EUR 21.18m. Highest single value trade was in M02 at EUR 0.53m. Total RSA in the period also increased 13.45% to EUR 201.1m+

Trend

Yield showed improved price stability at c.2.150% except for a downward spike at the start of March. Originator demand is expected to increase in Q2 and prices are predicted to rise by Q/E. If this increase in supply occurs, it will be the second rise in less than three quarters. Current RPA capacity available for use in throughout 2017 is EUR 201.1m+

2017-Q1 ETR Briefing Trade Credebt

2017-Q1 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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2016-Q4 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 Q4, Credebt Exchange® held RSA of EUR 178.6m+, with EUR 16.3m allocated and EUR 1.38m of Investor redemptions transacted. Annual trading totalled EUR 87.6m+ of trade value with all available ETR utilised.

Treasury performance was strong and marginally ahead of trading at EUR 18.7m of settled ETR in the period.

Performance
Seasonal trading in 2016-Q4 ETR resulted in trade volumes decreasing by 10.1% compared to 2016-Q3. Total creditors & debtors increased to c.3,450 with total trade of EUR 25.7m in the period. Daily volumes were down and marginally below the annual trend. Highest single value trade was in M11 at EUR 0.74m. Total RSA increased 49.3% to EUR 178.6m+

Trend

Yield showed a significant increase from low of 1.554% at the start of the Quarter to 2.165% at Q/E. As predicted, this return to strong yield is due to the very strong growth of Originator RSA supply and is the first increase since the market opened in 2013. This significant increase in RPA capacity to EUR 178.6m+ will be available for use in 2017.

2016-Q4 ETR Briefing Trade Credebt

2016-Q4 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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2016-Q1 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 Q1, Credebt Exchange® held RSA of EUR 78.3m+, with EUR 10.3m allocated and EUR 0.59m of Investor redemptions transacted. 11-Quarters trading totalled EUR 81.3m+ trades with all available ETR utilised.

Treasury performance below parity at EUR 14.7m of settled ETR due to growth of new Originator members in the period.

Performance

2016-Q1 ETR trade declined by 6.1% compared to 2015-Q4 but was a 91.3% improvement on 2015-Q1. Total creditors & debtors increased to c.1,600 with a total trade of EUR 12.9m in the period. Daily volumes decreased by 19.1% but was a 91.3% improvement on 2015-Q1. Highest single value trade was in M2 at EUR 0.25m. Total RSA increased 10.3% to EUR 78.3m+

Trend

Yield repeated its second sharp dip downwards and ended the Quarter as predicted just above 2.500%. Yield is predicted to fluctuate between 2.400% and 2.600% for Q2. It is expected that Q2 will see an further increase in the growth of Originator supply. Additional RPA capacity, in excess of EUR 156.7m+, will be available for use in 2016.

2016-Q1 ETR Briefing Trade Credebt


2016-Q1 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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2015-Q4 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 Q4, Credebt Exchange® held RSA of EUR 71.0m+, with EUR 10.8m allocated and EUR 1.79m of Investor redemptions transacted. 10-Quarters trading totalled EUR 68.4m+ trades with all available ETR utilised.

Treasury above parity at EUR 13.2m of settled ETR due to seasonality and RPA terminations.

Performance

2015-Q4 ETR trade returned to strong growth and an increase of 24.3% above Q3. Total creditors & debtors increased to 1,300+ with a total annual trade of EUR 45.7m. Daily volumes increased by 6.1% on Q3. Highest single value trade in the Year was in June at EUR 1.31m. Total RSA increased 12.2% to EUR 71.0m+

Trend

Yield showed a sharp trend downwards and ended the Year below predictions of 3.000% at 2.912% for Q4. Yield will fluctuate between 2.800% and 3.100% for the start of 2016. It is expected that 2016 will see a significant growth in Originator supply. Additional RPA capacity in excess of EUR 146.7m+ available in Q4 and/or 2016.

2015-Q4 ETR Briefing Trade Credebt

2015-Q4 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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2015-Q3 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 Q3, Credebt Exchange® held RSA of EUR 63.3m+, with EUR 13.2m allocated and EUR 1.39m of Investor redemptions transacted. 9-Quarters trading totalled EUR 54.4m+ trades with all available ETR utilised.

Treasury performance down 12.1% to 87.1% at EUR 10.7m of settled ETR due to RPA ending & new RPA replacements.

Performance

2015-Q3 ETR trade value dropped 10.7% below Q2 due to seasonality & RPA expirations. Total creditors & debtors increased to 1,100+ with a total YTD trade of EUR 30.8m. Daily volumes increased by 17.4% on Q2. Highest single value trade was in September at EUR 0.21m. Total current RSA increased 16.4% to EUR 63.3m+

Trend

Yield continued to trend downwards and dipped below predictions of 3.25% at an average yield of 3.24% for Q3. Yield will stabilise at this rate until Y/E. Continued strong Originator supply expected for remainder of 2015. Additional capacity for RPA in excess of EUR 84.7m+ available in Q3 with new institutional demand of EUR 20.0m+ remained ‘subject to contract’ for the period.

2015-Q3 ETR Briefing Trade Credebt

2015-Q3 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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Year-2 Success Continues

Credebt Exchange completed its second full year’s trading on Friday last, 2015-07-03 and continues to prosper. Continued, careful, prudent management of supply and demand enabled the Exchange to manage an orderly market whilst meeting both Originator and Investor expectations as published. From the outset, the management of Credebt Exchange stuck to its principal aims of of ensuring Investor funds are protected at all times and that Investors’ yield is delivered. Coupled with this core objective, the Exchange also ensured that intelligent finance was delivered to Originators and Investors alike.

Building on its continued success, multiple management roles were added and filled with overall staffing levels increasing by 300%+ in the first half of 2015. In addition, a board was formally appointed in Q2 of 2015 that will sit formally, for the first time in Q3 of 2015. To date, Board appointments are not officially published and once announced, the primary function of the Board will be to oversee risk and compliance. To ensure open communication and transparency, Treasury will report directly to the Board on a monthly basis without any executive management input. This is specifically designed to ensure proper and adequate controls remain at the centre of Exchange policy and practices.

As can be seen from the 2015-Q2 Briefing, demand and supply quarter-on-quarter growth rates in excess of 160%. Intermediaries demonstrated continued support for Credebt Exchange® with increased Investor funding combined with many Investors deciding to re-invest both their principal and yield for a third year. New Intermediary appointments are expected to double those of 2014.

Originators continue to seek out Credebt Exchange Convertibill™ intelligent, handsfree finance specifically because of its ease of use and swift execution service provision. During 2015-Q2 Originators from wide and diverse industry cross-sections continued to join the Exchange with particular interest from retail, medical, services and import oriented businesses. During the Summer months, it is expected that Originators will increase by another 20%+ with a total of 100% growth in new Originators expected before year-end.

Credebt Exchange continues to demonstrated its flexibility and capability and looks forward to strong expansion during its third year of trading.

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