Tag: asset based lending
Master Agreement Drafted
After nine months of careful consideration, the first draft of the Master Agreement is finalised and ready for use by all Members of the Exchange. Its importance is central to the Exchange’s efficient and legal…
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Investor Initiative Begins
Selection and marketing to the initial ‘Investor pool’ commenced today and is expected to continue throughout September into late October…
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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
Strategic Partner Selection
Initial marketing to specific strategic partners commenced today ahead of the planned Investor initiative for September as the Exchange prepares to formally enter the market…
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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
Automated Clearing
With the assistance of IBM® and the co-operation of Danske Bank, the decision to automate trade clearing has been agreed. The decision is based on the need for efficiency and security in the…
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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
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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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
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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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
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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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
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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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
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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2024-M07 Investabill® Briefing
Commodity Trade Financing
Merchant Vessel Financing
Strategy Agreed
The three strand market strategy was finalised today by the interim executive committee. Resulting from this, several strategic appointments were agreed…