Tag: bank loans

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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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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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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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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