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

† 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